It depends on the size of your new coin laundry and the cost to build it. Typically, investors put around 30% into the beginning costs of construction and equipment, and then finance the balance. It is good to know banks and finance companies look for the "skin in the game" for any new business. It is recommended to have additional cash available that can be used while your new laundry ramps up its customer base and gross revenue, up until you have reached your initial breakeven point.
We have worked with many entrepreneurs like you. At Statewide, we are your full-service coin/card laundry source! We can guide you through such things as securing a location, lease, permits, and installation of the equipment, with you, the customer, making all the final decisions. Read our success stories.