Coin laundry equipment dealer

People opening or upgrading laundromats, landlords and condo corporations, and other operators replacing worn machines.

Profit on machine sales, installation and delivery charges, parts sales, and repair or maintenance contracts. Some dealers also offer financing through third-party lenders.

• Sales and quoting for larger purchases
• Technical knowledge of commercial laundry machines
• Organising stock, deliveries and install crews

• Large stock purchases tie up cash, so start with a small range and take orders before buying
• Commercial general liability and property insurance for stock, plus cargo cover for deliveries
• Gas, electrical and plumbing work normally needs licensed tradespeople in each province, check your provincial rules
• Check zoning, municipal licensing and any rules on selling used equipment in your area
• Sales can be slow and lumpy, as customers buy machines only occasionally, so plan for steady service income

Estimates suggest startup costs typically around $30,000 to $150,000, depending on premises and how much new and refurbished stock you buy. Large stock purchases tie up cash, so starting with a small range and taking orders first helps.

Monthly revenue is typically estimated around $10,000 to $50,000, depending on how many machines you sell, install and service. Sales can be slow and lumpy, so steady service income helps. These are estimates only.

Check that gas, electrical and plumbing work is done by licensed tradespeople under your provincial rules, zoning and municipal licensing, any rules on selling used equipment locally, and insurance for liability, property and cargo on deliveries.