Financial freedom can only be achieved when you can decide how much you earn and the way you earn it. One way to do this is to run your own business.
We are giving you 5 fantastic reasons to invest in your very own coin laundry business:
- Increasing demand
There is a rising trend of high-rise residences as the preferred homes for urbanites. These apartments/condominiums lack space for proper laundry equipment and have small drying areas. Hence, the demand for laundry services particularly coin operated outlets is ever increasing in the urban areas.
- Non-seasonal business
Everybody has to do laundry. Demand for such services is not affected by changes in weather or the latest fashion trend. Coin laundry operators can expect a steady flow of customers all year round.
- Cash transactions
Coin-operated laundry businesses transact on cash terms. Therefore, you do not need to worry about chasing your customers for payment.
- Low economic risk
The coin laundry service has become a necessity in modern living. Hence, your investment in a coin laundry business would have a better chance of surviving a recession compared to other high-risk businesses.
- Minimal labour requirement and no inventory
Based on the self-service model, you do not need many workers to run a coin laundry business. In fact, you can do it all by yourself. In addition, there are no goods involved. This makes managing the business so much easier.
