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Is a launderette a good business venture? By Andrew James Is a Laundrette a good business venture? I remember reading many books on working for yourself, how to get rich and so on and so forth. I think it was Robert Kiyosaki who pointed out in one of his Rich Dad Poor Dad books that a Laundrette is one such great business to own. The main benefit being that it is totally a cash business requiring very little effort other than to empty the machines of coins each day. Cash is king and there can't be many other businesses if any, that generate cash without the initial layout for stock. Unfortunatley I have heard that everyone has read this so the price of buying a launderette is at a premium. Has anyone followed this advice and have you made money? I'm not looking to buy, I have my own successful business, I'm just curious and this laundry week got me thinking back to when I was researching the type of business that I felt was right for me. So, if you have read this and can't tell me what you feel being a launderette owner is like and was it good advice getting into such a business?

Contributed by goodfella on November 26, 2010, at 6:57 PM UTC.

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