![]() Card system (if you are going to offer credit card payments): Wide range, averaging around $15k if you're adding card readers to all of your laundry machines.Industrial dryers: $900 - $4,000 depending on size, and top-load versus front-load.Industrial washing machines: $700 - $3,000+ depending on size, and top-load versus front-load.If you are starting fresh, you may need to research commercial laundry equipment like: If you are buying an operating store, you should check on all the laundry machines' condition. Secure equipmentĮquipment costs can depend on buying an existing laundromat or starting from scratch. Make sure you complete your due diligence and create a pros and cons list for at least three different banks and what they can offer. Special introductory offers, interest rates, and feesĬhoosing a bank is personal to each business owner.The benefits of opening a business bank account include the following: You may need to complete market research to determine whether or not it will succeed in that prospective community. Ready to scope out real estate? One of the most significant assets a laundromat business can have is its location. Use Lender Match to find SBA-guaranteed loans with verified lenders.Determine the amount of funding you'll need.The Small Business Administration can help you to: The SBA offers countless resources and guides but can also connect entrepreneurs with interested investors and financiers. There are many avenues to take regarding this topic, but the Small Business Administration (SBA) is the best place to start. Starting a new business is no cheap feat, so you will likely need some type of financing. Your business plan should include the following: Now that you've got some more information, it's time to create a business plan. Please contact Coin-O-Matic in Alsip, IL today and let our experienced team be your laundry partner for success.Once you've completed preliminary research, you'll have a better idea of how much this process will cost and the steps needed. With over 100 years of experience, we have developed tailored laundry equipment solutions to maximize profits, save time and energy, and keep your customers happy. Whether you are a multi-housing property manager, laundromat owner, or business owner with commercial or industrial laundry needs, our team has the expertise and equipment to meet your unique demands. We are your ultimate resource for all things commercial, coin, and credit card-operated laundry equipment.Īt Coin-O-Matic, we take pride in serving a broad range of clients across a vast service area that includes major cities and towns in Illinois, Indiana, Michigan, and Wisconsin. Our family-owned and operated company is dedicated to providing the best equipment, products, and services to meet your laundry needs. Key Elements of a Successful LaundromatĬoin-O-Matic - Your Commercial Laundry Experts Since 1921 Full-Service Commercial and Vended Laundry Equipment Distributor for Speed Queen, Maytag, B&C Technologies, Yamamoto & More!įor over a century, Coin-O-Matic has been providing top-of-the-line commercial washer and dryer solutions for businesses, multi-housing facilities, and laundromats.How Much Does it Cost to Purchase a Laundromat?.PARTS FOR SUPER 20 & SUPER MATE, EX325 and Ex440. ![]()
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