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Every investment has its advantages and disadvantages depending on your own personal business goals. Owning a laundromat is no different. But with a unique combination of stability, flexibility and profitability, laundromat investments are in a class all by themselves. Before you get too far into the laundromat investment process, you first have to determine if the laundromat business suits your financial means, personal needs and investment goals. Here are a few questions to ask yourself to determine your compatibility.

 

  1. How much time will be dedicated to operating my laundromat?
  2. How many machines will I need?
  3. How many hours per day does my laundromat need to be open?
  4. How much space do I need?
  5. What are the advantages of building a new laundromat?
  6. What are the advantages of buying an existing laundromat?