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3 Replies Last post: Nov 2, 2007 12:24 AM by teacup

Not sure how, but I know what I want...

Nov 1, 2007 7:35 PM

Click to view for_myself's profile Start-up for_myself 1 posts since
Nov 1, 2007

Hi,

First of all, I'm new here and I have been reading lots of excellent advice and decided to post what keeps me up late at night.


A few days ago while staring at my computer screen monitoring our different systems and subsystems a thought came to me out of no where..... A thought to start my own business. It's been on my head for two weeks now and about a week ago while doing my laundry in a public place. I kept thinking what kind of business to start...when I noticed a family that came in with several baskets of dirty laundry, at least 5-6 baskets. That was all I needed to figure out what business to start.


I want to open my own coin laundry mat, I'm not sure how though... I tried contacting some of the owners of the laundry mats in my area but no luck. I was willing to provide my services for free in exchange of information or perhaps a push to the right direction. I work in the IT department for a company in San Clemente California.

I'm not sure yet if I want to buy a laundry mat or start one from scratch. I contacted a business broker in hopes to get some information in how to buy one but starting my own could be cheaper. We will meet in a couple of days for a listing of businesses that are for sell.


How could I get more information to start something like this?

What would you guys do or where to go?


I don't have a lot of money to start perhaps no more then 10k.


I have a credit score of 701 and a good credit record.


Any information will be useful,


Thanks

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Click to view LUCKIEST's profile SCORE LUCKIEST 8,131 posts since
Aug 6, 2007
1. Re: Not sure how, but I know what I want... Nov 1, 2007 9:43 PM
It is the American Dream to start and own your own business. It is great that youare working NOW.
After you have given careful consideration to the business, you are ready to put your ideas on paper.
Write a BUSINESS and MARKETING PLAN.
Very smart that you contacted a business broker to get more info.
Visit a SCORE office. They help people who want to go into business and it is FREE.
Good luck, LUCKIEST
Click to view Lighthouse24's profile Founders Lighthouse24 2,402 posts since
Oct 10, 2007
2. Re: Not sure how, but I know what I want... Nov 2, 2007 12:10 AM

There are several consultants who offer advice on acquiring, owning, and operating laundromats. You can find a couple of them on-line (these are just examples, not endorsements):
http://www.laundromatadvisor.com
http://www.buyalaundromat.com

There is also a coin laundry owner's manual that I might order if I was interested in the business:
http://www.mountainpublishingusa.com

Hope this helps. Good luck!
Click to view teacup's profile Authority teacup 33 posts since
Sep 29, 2007
3. Re: Not sure how, but I know what I want... Nov 2, 2007 12:24 AM
Hello! Welcome! Other than coin laundry mats, I've seen a lot of stored value card ones lately - so instead of inserting coins, you charge a card with $. Have you considered that as an option? Its hard to always have spare change sometimes. I've also seen some with stuff to do while you wait - so TV, magazines, board games, etc. Good luck.

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