The Role of Laundry Systems of Tennessee
Planning a card or coin operated laundry isn't easy. There's a lot to consider, and that's why our team of experts is on-hand to carefully walk you through site selection, equipment mix, store layout and flow, amenities, financing and service after the sale. We have been in the commercial laundry business a long time - we know what works and we want you to succeed.
Locating Your Store
Locating Your StoreStore location is key to the success of your store. That's why it's critical to locate your store in a demographically appropriate area. There are many factors to consider, including traffic density, population, competition, availability of utilities, store visibility and even parking! The majority of our staff has been born and raised in the foothills of the Smokey Mountains, we understand the area and clientele and target key locations based on demand.
Card and coin operated laundries can make excellent business investments. The typical store operates on a cash-in-advance basis with little inventory; thereby eliminating risks such as a control shrinkage, theft or spoilage. Plus, a card or coin laundry is an owner-controlled business, creating a great degree of management control.
But what about store's resale value? Most often, card and coin opearted laundries pay for themselves in only a few years and can be sold at top dollar, according to the Coin Laundry Association (CLA), a non-profit, coin laundry trade association. In fact, most card and coin operated laundries enjoy higher resale values, even though laundry equipment depreciates. CLA research indicates that coin laundries typically sell for between three and seven times their net cash flow - with average historic returns exceeding 40 percent. Plus the Tennessee tourist industry creates an unnaturally high demand for self-service laundries, making it a financially secure investment.