Recent Articles From EvanCarmichael.com http://www.evancarmichael.com/ http://www.evancarmichael.com/Buying-A-Business/6011/Maximizing-the-Value-of-Your-Coin-Laundromat.html http://www.evancarmichael.com/Buying-A-Business/6011/Maximizing-the-Value-of-Your-Coin-Laundromat.html There will come a time in every laundromat owner's future when moving on and pursuing other endeavors is the right thing to do. Regardless of your reasons for selling, if you have managed your business well, your coin laundry could be a substantial asset. However, if you've poorly managed your store, don't have an accurate set of financials, and haven't planned for the sale far in advance, the value of your business could be negatively impacted. Despite what some might think, the time to plan for selling your store is not the day you list it for sale, but rather, the day you buy it. http://www.evancarmichael.com/Buying-A-Business/6011/Coin-Laundromats--Secret-to-Getting-More-Customers-and-Business.html http://www.evancarmichael.com/Buying-A-Business/6011/Coin-Laundromats--Secret-to-Getting-More-Customers-and-Business.html If you want more customers and more profits from your business, you'll want to read this amazing success story, and find out how you might benefit from it. I was chatting with my good friend, Jim Kaspari, the other day to find out what he's been up to. Jim has been a business coach and marketing consultant for the last 5 years and has helped hundreds of clients in 6 countries improve their businesses. He told me how he recently got this new client who owned some businesses, including coincidentally, a couple of laundromats. His client was having some big problems and asked Jim for his help. When I heard what Jim did for his client, I told him that I wanted to share this experience so others could implement some of those same strategies and start ramping up their businesses. http://www.evancarmichael.com/Buying-A-Business/6011/The-Top-Five-Things-to-Watch-Out-for-When-Evaluating-a-Coin-Laundromat-Business.html http://www.evancarmichael.com/Buying-A-Business/6011/The-Top-Five-Things-to-Watch-Out-for-When-Evaluating-a-Coin-Laundromat-Business.html I am often asked what I personally look for when buying a coin laundromat business. There are five key factors that I pay attention to. If any of these factors do not pass the initial inspection, buyer beware. http://www.evancarmichael.com/Buying-A-Business/6011/The-Coin-Laundromat-Spring-Bounce.html http://www.evancarmichael.com/Buying-A-Business/6011/The-Coin-Laundromat-Spring-Bounce.html The coin laundromat business is a very cyclical one, meaning that there are times when we can always count on heavy months (the winter time) and other times when the collections are a bit lighter than we would prefer (the summer). In an established coin laundromat, the gross revenue in the summer months is generally somewhere between 10 and 15% less than that of the winter months. http://www.evancarmichael.com/Buying-A-Business/6011/The-Most-Common-Ways-to-Finance-a-Coin-Laundromat.html http://www.evancarmichael.com/Buying-A-Business/6011/The-Most-Common-Ways-to-Finance-a-Coin-Laundromat.html What is the best way to finance a coin laundromat? Should you pay all cash for the store or should you finance it? Well, that all depends on the terms of the financing, how much cash you have, and how much cash flow you need to pocket each month from the business. http://www.evancarmichael.com/Buying-A-Business/6011/How-to-Find-a-Coin-Laundromat-Business.html http://www.evancarmichael.com/Buying-A-Business/6011/How-to-Find-a-Coin-Laundromat-Business.html One of the most common questions I often get asked is how to find a coin laundromat business that actually makes sense in buying. Finding the right laundromat for sale is not always as easy as one might think. I thought that I might give you some tips that you could use right away.