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Coin laundromats in Toronto What is the reason for this variation? Well, in the winter time, individuals must wear more clothing to keep warm and protect themselves from the cold and rain. This is also good for our business because winter clothing will fill more washing and drying machines compared to summer clothing. Despite this, there is a unique time in the year where business suddenly picks up and coin;laundromat owners have a terrific month. In general, it is usually around the spring season. The exact month may be different year of year. For instance, sometimes it is in April; sometimes business picks up in May. What causes this to happen? There are several reasons for this sudden increase in business at coin laundromats. First, when the season changes from winter to spring, people will put away their winter clothing and start wearing spring apparel. This means individuals will wash all their winter clothing before putting them away. One exampl...
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Coin laundromats in Toronto

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Coin laundromats in Toronto I'm going to let you in on a few insider secrets that determine the value of a coin laundromat business. These few tips can dramatically increase the your wealth and income whether you own an existing coin laundromat or interested in owning one. Tip #1 - Store Multiplier A coin laundromat business is valued based on a multiple of the net income. If you can find a way to increase the income and/or reduce expenses, the value of the store goes up. So, what are some ways you can increase the income? Some ancillary income ideas include vending machines or adding a fluff and fold service if one is not offered yet. If you're looking at the expense side of the equation, take a close look at the rent you're paying if the space is leased. Even if you've already signed a lease agreement, there is nothing to prevent you from approaching the landlord or property owner to renegotiate the lease or request a reduction. As you can se...
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