How to Start a Coin Laundry Service

Coin laundry service businesses can be started with little or no experience. However, business owners are required to have a large amount of cash on hand, in order to purchase equipment. Once you have the equipment in place, the laundry service business provides hands-off management. 

1. Select a residential area where a coin laundry service will receive a lot of traffic flow. The area should be conveniently located where it is easy to view from the street or sidewalk. Areas where apartments are located should be considered. Most apartment buildings offer laundry facilities consisting of very few machines and are to be shared by all renters. A coin laundry service would be beneficial to these customers, because they could potentially have access to more machines, without waiting for others to finish. 


2. Obtain the proper permits, licenses and inspections. Because of the type of facilities, it takes to operate a coin laundry service you may be required to have zoning permits in addition to inspections performed by the local water and sewer companies. Paperwork will also need to be filed for business permits and sales tax licenses in certain states. 


3. Purchase equipment needed in order to run a successful coin laundry service. Locate distributors for coin operated washers and dryers. Research the type of machines that would fit nicely with the image you want to project for your location. 


4. Compare prices and description of equipment, in order to get the best price for the quality of merchandise. The laundry location can also be equipped with vending machines where customers can purchase necessities needed to launder their clothes, such as detergent and fabric softener.