“Getting into the business, you have to make sure you have solid financials,” he says. But financial positioning is key to having success once there. She chose laundromat ownership because she realized she “needed to be in an industry with people where I was helping people, working with people out in the community.” FINANCIAL EXPECTATIONSĮverybody has a different path to the industry, Gramaglia says, and there are different ways one can acquire a store. ![]() He hadn’t intended to become an owner himself but when the opportunity to take a location and build a store presented itself, he took it.ĭoody, a former middle school math teacher of 15 years, decided to look for a new business opportunity once her children were old enough. “I probably have visited a thousand laundromats in all those years for that unique perspective of seeing what everybody was doing,” he says. While working for a well-known commercial lender, Gramaglia had 21 years of experience helping entrepreneurs get into the business and expand and grow. ![]() The two of them own a handful of stores together today. Khan says it was in his blood he was 3 years old when his father bought his first laundry and he began helping once he was old enough. To open the conversation, each was asked why they got into the business. Texas multi-store owner Rob Maes moderated the panel that included store owners Omer Khan from Georgia, Stephen Gramaglia from New York and Amy Doody from Maryland. ![]() ATLANTA - Thinking about investing in your first laundromat can be exciting but it’s important to have a sense of what you’re getting yourself into before committing to buy or build.ĭuring a Coin Laundry Association education session titled “Everything You Need to Know About Your First Laundromat,” a trio of store owners with varied backgrounds shared their experiences to prep anyone just getting into the business for what they might expect themselves.
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