coin laundry franchise opportunity The Laundromat industry offers numerous opportunities to entrepreneurs wanting to enter a stable, potentially lucrative business with low risk. There are many ways to enter the coin operated laundry business and there are many ways to grow your business once you have started. Here are some of the top coin laundry franchise opportunity. Buy a Coin Laundry or Start Your Own? Most entrepreneurs enter the Laundromat game by buying an existing business. If you do your due diligence and find a Laundromat that is performing well then this is a great way to get started with a business that is already profitable. You can guarantee yourself a good return on your investment if you know how to value a Laundromat and negotiate the right price. Starting your own coin laundry franchise opportunity can be a much more risky endeavor with the startup costs and considerations that are involved. It is hard to know if a location will be profitable if you have no sales records to prove it. However, if you start your own Laundromat from scratch and know what you are doing then the potential for high profits is far greater. A Coin Laundry Chain Many self serve laundry business owners only have one or two Laundromats. However, there are excellent opportunities for savvy entrepreneurs to scale up to much larger operations that involve multiple locations. The great thing about Laundromats is that they can be left unattended for large parts of the day. One owner operator can easily drive around and service a number of locations. A more likely scenario though is that after your first one of two coin laundries are open you would hire attendants or janitorial staff. You could then focus on growing your business even more. Laundromat Franchises Surprisingly, franchising has not been a common practice in the coin laundry franchise opportunity industry. The franchises that have sprung up are usually only local operations and there are currently no national franchises that we are aware of. Some of the machinery manufacturers like Maytag offer deals that are similar to franchise agreements but have much easier terms. They will basically allow you to use their branding without charging franchise fees if you buy your equipment from them. Buy and Flip Laundromats are usually fairly easy to sell if you can prove to buyers that they are profitable. As they are a fairly stable business you can generally expect to reach a sale price of between four and five times the level of annual net profits. Business brokers love to have Laundromats on their books and would have no trouble helping you sell yours if it is making money. Some entrepreneurs specialize in buying Laundromats that are making a loss or performing well below their potential. They then pick them up for bargain prices, get them profitable, flip them on to new buyers and make a tidy profit on the deal.