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Laundromat Development Offers Solid Business Opportunity

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(Photo: Image licensed by Ingram Publishing)

Robert J. Renteria |

CHICAGO — Over the past 23 years, I have helped to develop more than 750 coin Laundromats nationally and abroad. I have been involved in working with entrepreneurs on a one-on-one basis as well as working with franchises, national chains, and all the way to the floor of the New York Stock Exchange.

The reasons that this business attracts all levels of investors is because it is easy to manage, there’s no spoilage, it’s difficult to get robbed, it’s “pay to play,” and it provides a service that everybody needs: clean clothes.

And with dry cleaners taking a hit, with more clothes going to wash and wear, the numbers are steadily getting better for laundry owners.

The secret to the real success in this business is marketing. Unlike retail stores, where you sit around and wait for people to simply show up, if you execute a “go-get-you” plan, the sky is the limit for driving your profits.

You may want to build a new Laundromat (like the Spin Cycles, Sudz, or the Bubble Lands here in Chicago) or buy an existing laundry. Or, even rehab a laundry that’s been closed. With some tender loving care, it could be the most profitable venture of them all, especially when it comes time to flip. The value on these deals is that the leasehold improvements are already grandfathered in and allow you instant equity, which means the potential for more dollars in your pockets.

If you are thinking about owning your own business, you should seriously consider looking at buying a coin Laundromat. You could secure your financial future, build a foundation for your family, and support your goals as you strive to live the American dream.

About the author

Robert J. Renteria

Consultant

Robert J. Renteria is a national consultant based in Chicago. He has more than 23 years of industry experience, having helped develop more than 750 coin laundries nationally and abroad. The author of three books, he was named the 2010 Chicago Latino Professional of the Year and is the sole recipient of the 2011 International Outstanding Humanitarian Award. In 2013, he received two Dr. Martin Luther King Jr. Awards for his work in civil rights advocacy and educational reform. He can be reached at 312-933-5619 or robert@fromthebarrio.com.

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