Re: Brainstorm: Building a coin-op laundry route empire (F&I X-post)
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A couple other thoughts from someone I know in the business, keeping in mind that he's in it for the long haul:
1. Buy quality commercial equipment rather than the sub-$1000 top-load washers and dryers. Machines from Wascomat et al run more like $3k -$5k. Obviously it's a bigger investment but the maintenance costs are lower and they'll provide many more years of service.
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I agree in principle, but I do think that this is overkill for the type of investment that your talking about. You'll never service that amount of debt.
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2. Learn how to fix the machines yourself. Depending on where you live, washer and dryer repair can be very costly.
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Yes, some companies offer training seminars for owners. Take advantage, b/c w/ only 6 machines you can't really afford to have even one out of service for days at a time. Plus, the maintenance will kill you over time if you always gotta pay someone.
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