Does anyone here have past or present experience owning and operating a coin laundry business in a major Canadian city? If so, what was your experience? Is it/was it profitable? What are the pro’s and con’s. Would you recommend it as a business?
Does anyone here have past or present experience owning and operating a coin laundry business in a major Canadian city? If so, what was your experience? Is it/was it profitable? What are the pro’s and con’s. Would you recommend it as a business?
Absolutely, all locations were sold for the procurement of bigger and better locations. The locations we sold are still in business and doing really good.
I kept the very first site because of the location, competition and low overhead. My manger and the staff has been with me for last 10 years. It is still profitable.
A new coin-operated laundry opened earlier this year, the owners came up to me and we agreed to keep the same price instead of going in a price war with each other.
You might want to delete the last part of your comment… that’s called price-fixing and is illegal.