Definition
Launderette or laundry coin is defined as a commercial-grade, self-service laundry equipment put into service in the retail space. Coin laundries generally occupy retail space on long-term leases (10-25 years) and generate strong cash flow over the life of the lease. Launderette Laundromat is a unique small business because they do not have inventories. There is a Laundromat that uses labour to please the customer.
In the United States, Laundromat can range in value from $ 50,000 to more than $ 1 million, and can generate cash flow between $ 15,000 and $ 200,000 per year. Business hours usually run 6 am - 10 pm and the stores usually occupy 1,000 to 5,000 square feet of retail space, with an average of 2002 to 2,260 square feet. The new self-service Laundromat and evaluated based on the actual construction cost of the equipment, while the existing Laundromat assessed based on income. Laundromat coin is a perfect example of passive income generator.
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