Many people are ending up in early retirement. Some do so by choice. Others do so as a result of buy out packages. Many of these people are too young to totally leave the workforce, but are also experienced enough to not want another full time career.

If this is you, think about using part of your "nest egg" to buy or build up a coin operated laundry business. This can be a fantastic chance for someone to become semi-retired. Most laundromats don't even use attendants. And because inventory needs and receivables are minimal, such a venture represents the perfect small business.

The 2000 US Census indicates that 86 million people stay in a rented home. Many do not have access to adequate laundry facilities. Some homeowners lack the equipment, and they have to use a self service laundry as well. When the economy sputters or stalls, many home owners cannot afford to get their washers and dryers repaired or replaced. Just like the necessity of food and water, clean clothes are a must for your well being. Anybody who does not own a washer and dryer is a possible customer.

Your income comes from wash and dry services. Landry soap, bleach, softeners, and dryer sheets can offer more income opportunities. You can also earn extra income if you install vending machines for drinks and snacks.

There are many factors to consider when setting up a new coin laundry business, the biggest of which is location. The perfect location is a thickly populated area with a high percentage of renters. Both the manufacturer and the reliability of the machines are important factors. For the latest in energy efficient appliances, top brand companies like Whirlpool and Maytag offer commercial quality appliance that include the Energy Star rating. This will save you some cash and will also be a benefit to the environment.

Another decision to be made is whether you will buy the appliances and maintain them yourself or if you will contract with a company that will do the maintenance and repair for you. Ensure that your coin operated washers and dryers are always in good working condition and can cope with the demands of a busy self service laundry by using a partner company. Good maintenance means the dryer vents and exhaust hoses are clear of lint. It also means that washer drains and pipes are unlocked and free flowing. Strong attention to these details will not only prolong the life of your appliances, but will also prevent machine down time, not to mention loss of revenue.

When choosing a laundry service company partner, make sure to have one that offers equipment that has non-resettable coin counters and other security features so that your income is safe and secure. In order to provide excellent customer service and be aware of your needs, the partner company should also respond promptly to service calls. An excellent company could give testimonials from satisfied customers to prove their reliability.

Whichever method you choose, the self service coin operated laundry business can be the part time job and full time income you need for the retirement you deserve.

Joann Charamuga owns a coin operated laundry business without giving up her free time. Her secret? She uses Web Laundry, a commercial laundry. They provide impeccable service and reliable laundry equipment supplier, including coin operated washers, allowing Joann to run the shop without being present. Now that’s the perfect business.

Article Source: http://www.therealarticles.com

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