Where investment meets return
The term coin laundry is defined as commercial-grade, self-service laundry equipment placed in service in a retail space. Coin laundries generally occupy the retail space on long-term leases (10-25 years) and generate steady cash flow over the life of the lease. Coin laundries are a unique small business in that there is no inventory or receivables.
The coin laundry industry is approximately 60 years old with currently 35,000 coin laundries in the United States generating nearly $5 billion in gross revenues annually. CLEC didn't install the first coin-op, but we have assisted many individual owners/operators in achieving their financial goals. Coin/Card laundries often post ROI (return on investment) rates between 25% to 35%, outperforming savings accounts, money market accounts, and mutual funds.
The most important decision you make in any business is choosing the right supplier. CLEC is the right supplier, a full service distributor, guiding you from the idea stage to the grand store opening. As a CLEC customer you'll reap the rewards of our 30 years of experience and knowledge. CLEC will provide you several services to assist investors during this critical decision making process.
A pro-forma with projected sales, estimated utility expenses, and demographics are discussed during this planning stage. CLEC's graphic art division can render a three dimensional drawing on the proposed site. A variety of financing options are available.
Investing your hard earned dollar is a major decision. With CLEC's superior track record in service and support, CLEC not only assists you with start-up, but also keeps your investment going.
1626 TRADEWINDS DRIVE • GULF BREEZE, FLORIDA 32563 • TOLL FREE: (800) 366-4168 • LOCAL: (850) 932-8348 • FAX: (850) 932-6907