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IS THE BEST RETIREMENT BUSINESS RIGHT FOR YOU?
by: Ann Evans
According to the Coin Laundry Association, laundry centers and coin laundries average a powerful 20 to 30% return on investment. A successful laundry owner offers 6 powerful insights on why you too can and should achieve great financial rewards with part- time effort. Are you ready to join the ranks of the many successful entrepreneurs like Dan King who are "cleaning-up" in today's commercial laundry industry?
With stock market fluctuations and an uncertain economy, many Americans have a difficult time finding investments that can survive recessions and economic downturns. However, the commercial laundry business with its 20 to 30% ROI is almost recession proof. In fact both Dun and Bradstreet and the SBA have cited it as one of the 10 top safest business investments one can make. Believe it or not, that’s just one of the many powerful reasons so many retirees are looking to invest in their own laundry stores. The fact is that coin laundries and vended laundries are one of the most advantageous part-time and retirement businesses that exist.
AN OWNER LISTS THE BENEFITS
According to Dan King, owner of several coin laundries in Southern California, “I highly recommend investing in this industry – it has worked wonderfully well for me and it can for you. Before I invested I considered 6 major benefits that Laundry Center ownership offered and that no other investment provided."

1. First, I didn’t have to give up my regular job. I found that Coin Laundries basically run themselves, which was great for me because I was looking for an absentee manager situation. The fact is they require just a couple of hours a week and are so easy to operate that basically anyone, anywhere can own one or more.

2. I also liked the fact that this is a ‘turn-key’ business, where you don’t need staff on the premises. You can set your laundry to stay open 24 hours a day, or you can have an automatic door-locking system on a timer set to open and close when you choose. I personally keep my laundry stores open full-time and that works well for my customers and for me.

3. Another benefit is that you can own a laundry near your home or further away. They thrive in every state of the union. Coin laundries can be placed in virtually all neighborhood shopping centers and perform exceptionally well in renter-occupied, densely populated, lower-income areas. Your average customer will be the estimated 89 million people who live in rental housing, which is the fastest-growing housing segment in the nation.

4. Even better, this is an “All Cash” business with no inventory and no accounts receivables. You can expect a high return on investment, liquidity, tax benefits, and fast growing equity. Whatever your cash down payment is at the time of purchase, you can typically expect to get back within seven years, or sooner. Like buying a house, equity builds and you ultimately can expect a substantial profit.

5. Once set up, I found that coin laundries paid off like a “cash machine” week in and week out. Let’s face it: people will always need to wash their clothes, which is why laundry centers thrive in periods of both growth and recession. In fact, when times are slow and homeownership decreases, the self-service laundry market thrives as more people are unable to afford to repair, replace or purchase new washers and dryers, or as they move to apartment housing with poor or nonexistent laundry facilities.

6. Finally, I loved the fact that I could purchase an existing coin laundry to fit my budget, available investment dollars and personal requirements. Coin laundries generally require between 1,500 and 5,000 square feet of retail space, depending on the market size. Most laundries occupy retail space that is rented on a long-term lease of 10 years to 25 years, including option periods. The cost of buying a vended laundry can range from less than $50,000 to more than one million dollars, depending on size, age and net income.

Bottom line, Dan King is one of many successful entrepreneurs in our dynamic industry. In fact, there are over 35,000 coin- and card-operated laundries in the United States, generating more than $3.5 billion in annual revenue and these numbers are growing! Millions of families use laundries every day. But most people don’t realize that those same laundries offer even better ways to “clean up” than with water, soap and bleach. With the primary customer representing the fastest growing segment in the nation -- the laundry business is amazingly stable, and dependably profitable. After all, families need clean towels and sheets whether the stock market is up or down. They need clean clothes in summer and winter, on vacation or working, whether they’re newborns, teenagers or retired.



About the author:
About the author:
Ilene Fudim is a nationally recognized expert in the coin operated laundry industry and a contributing editor to the Laundry Center MarketWatch newsletter. She has been instrumental in helping launch many successful coin laundry businesses. For more information and a free copy of the Laundry Center MarketWatch newsletter, visit the site at: laundrycenter.info or call toll free 1-877-45-Laundry.



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 How Investment Plans Work
 by: John Mussi

More people are choosing investment plans than ever before. With the rising cost of living and the growing insecurity about the availability of many retirement funds, many individuals are looking to investment plans to begin a nest egg or to make some additional money via investment without having to spend a lot of time purchasing stocks and bonds.

Investment plans allow individuals to simply purchase a specific amount of stocks, bonds, or indices on a regular repeating basis, cutting out a large part of the hassle while allowing for some of the main advantages of investment.

If you've been considering an investment plan but aren't completely sure what they might entail, the following information might help you to decide whether or not an investment plan is the right investment option for you.

The Mechanics of an Investment Plan

Basically, an investment plan is a method of making multiple investments over time at regular set intervals. The funds for the investment are taken from a cheque, savings, or money market account automatically, and are used to purchase stocks or bonds that you have decided upon beforehand. In most cases you can change the amount, frequency, or purchased stocks or bonds of the automatic investments at any time, though depending upon the broker through whom you're doing the investments you may be subject to fees or penalties especially if changing details relatively close to the next investment date. Most online investment firms offer investment plans that you can change at any time free of charge.

Deciding How Much to Invest

When deciding how much to invest each cycle with an investment plan, you should take care not to overextend your funds and bring yourself up short. Make sure that the amount that you choose is available and that you'll have it to spare each time your investment comes up… it can be difficult to plan for events in the future, and just because you have a surplus now doesn't mean that you won't find money running tight a few investment cycles from now.

If you feel that you're reaching a point where you won't be able to afford your regular investment, go ahead and reduce the investment amount or put a hold on the next scheduled investment… better to put less in than short yourself afterwards.

Choosing What to Invest In

Making the decision of which stocks and bonds to invest in can take some time, but it's worth it… this is your money that you're dealing with, and you shouldn't invest it without putting some thought and research into your decisions. Find stocks or bonds that have performed well over time, and that are likely to continue doing so… they may be expensive at times, but you aren't making your total investment all at once so it doesn't matter as much.

Don't be afraid to add new stocks or bonds to your plan later, either… this can help to diversify your portfolio.

Deciding On an Investment Interval

You also need to decide how often you wish to make your investments… this will largely depend upon the cycle of your paycheques and your monthly bills and expenses. You may decide to invest once per month, after everything has been paid, or you might want to invest a little from every paycheque.

The more often you invest, the lower the amount of each investment can be… after all, two or four small investments per month might end up purchasing more than one larger one.

Decide on what works best for your lifestyle, and modify it as needed later if it doesn't seem to work out for you.

 

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