It’s said that millions of American jobs are gone and not coming back, that leaves many Americans looking for new fields to work in. Unfortunately many people who are laid off worked in the same job or field for many years, the thought of learning something new is just overwhelming. The thought that you have worked for a company for 10+ years and they just let you go like last week’s garbage makes people think about achieving financial security by being their own boss. But in today’s economy, what type of business can the average person invest in without a lot of skills or money? The business must have a minimal risk and be able to provide freedom, cash flow, and financial security. After much research I found that the ONLY industry out there that requires minimal investment, minimal time commitment, is recession proof, will MAKE MONEY, and is within reach for the average Joe is the Coin Laundry Industry.
When thinking about achieving financial security through investments, keep in mind things that MUST be bought. What do people NEED to spend money on every day, week, and month, over and over again … no matter how bad the economy is they can’t cut out these necessities. Those basic necessities are shelter, utilities (electricity and water), food, and clothing. Now let’s take a quick second to think about investing into each of those necessities. To get into real estate you need a lot of investment capital, never mind the inside pull to get the real deals that get swiped off the market just as soon as they’re put on the MLS. Then there are utilities, to invest in utilities entails getting involved with the stock market. I think we will all be scared of the stock market for quite a while to come after the losses, schemes, and crashes we’ve seen in the past several years on Wall Street. Food, well would you want the long hours outside tending to the crop or cattle, or do you want the long hours in a small store selling the food for little profit? Oh yea, and either route you decide to go, you have a huge amount of overhead especially when compared to the profit you take home. Finally we need clothing, not new clothing on a regular basis, but clean clothing to go to work and school in. Every single person must clean their clothes, usually one set of clothes per day, per person. Then there are babies and people who work dirty jobs who dirty 2 or more sets of clothes per day. That means there is plenty of laundry that must be cleaned every week! Keep in mind, you don’t want to sell washing machines because then you’d be stuck in a small store in the retail rut just like with selling food.
Now you may be thinking doesn’t everyone have a washing machine at their home? Well the fact is that many people do, which is why you need an experienced laundromat owner to point you in the right direction so that you know where an ideal location for your laundromat should be. There are targeted locations where there is a need for laundromats consisting of coin laundry and drop-off wash dry fold laundry service. The average household must visit the laundromat 2 – 4 times per year. That is just for the comforters, rugs, curtains, pillows, cushions or other bulky items that you can’t put in your washing machine at home (unless you’re trying to break it.) However many households must go to the laundromat more often such as when their washing machine or dryer breaks. In a tough economy a lot of people are tight for money and may not be able to afford to fix their washing machine right away. Those that are working dirty jobs often don’t like putting those clothes in their washing machine at home. Keep in mind the average American household is 3-4 people. So there are many reason Laundromats across America stay busy day after day.