Negotiating the Best Revenue Sharing Agreement With Coin-O-Matic

If you’ve been searching for a laundry room leasing and revenue sharing partner for your rental or investment property, look no further than Coin-O-Matic. 

We partner with you at every stage of the process. We set clear expectations and define roles so we can work together effectively and maximize the benefits of the partnership. 

It’s time to navigate the revenue sharing negotiation process with confidence!

Brief Overview of Revenue Sharing Agreements

In the laundry industry, revenue sharing is a business arrangement where two or more parties agree to divide the income generated from a laundry room. The revenue sharing payments are typically split according to a predetermined percentage, reflecting each party's contribution and responsibility. 

Revenue sharing agreements are important steps in defining how profits will be split between a multi-housing property owner and a commercial laundry equipment supplier like Coin-O-Matic. 

By clearly outlining the distribution of revenue generated, responsibilities, and expectations, these agreements help develop a partnership where both parties work toward maximizing profitability and efficiency. 

Start Negotiating Your Revenue Sharing Agreement

Before starting negotiations, it's important to prepare by understanding your business needs, analyzing the market, and gathering comprehensive financial data.

Strategies

At Coin-O-Matic, our profit-sharing approach is straightforward and effective. We prioritize meeting your residents' laundry needs by providing top-of-the-line laundry equipment and exceptional customer service. At the same time, we make sure you receive the highest possible return on investment for your laundry room.

We’ll make sure we clearly define responsibilities. For example, our team at Coin-O-Matic will handle all equipment maintenance and upgrades and work with you to determine a set price for each cycle. We can discuss additional details as you contact our team.

Together, we will establish a reasonable duration for the agreement. Our agreements always ensure that both parties are protected throughout the term. 

Terms and Conditions

The terms and conditions of our revenue-sharing agreement are designed to create clarity and fairness for both your laundry business and our team. 

These terms include a clearly defined profit-sharing ratio that reflects Coin-O-Matic’s and your contributions and responsibilities — most of which our team will take care of for you. 

The agreement will include time for reviews and potential adjustments. By agreeing to these terms, we can develop a transparent and mutually beneficial partnership.

Here’s what you can expect when you partner with Coin-O-Matic: 

• Rental Payments: We pay you rent for leasing your laundry room, providing you with a steady income stream.

• Space Optimization: We assist you in optimizing your laundry room space, offering improvement and rehabilitation options for a more efficient and attractive facility.

• Advanced Equipment Installation: We install state-of-the-art commercial washers and dryers that are energy-efficient, ADA-compliant, and 100% American-made with cutting-edge technology and electronics.

• Convenient Payment Solutions: We integrate modern payment systems, allowing residents to pay with cash, credit cards, smart phone apps, and smart cards, making laundry more convenient.

• Vend Price Agreement: We collaborate with you to set a fair vend price for wash and dry cycles.

• Resident Support: Residents contact us directly for equipment repairs, refunds, and damaged clothing claims, ensuring a hassle-free experience for you.

• Quick Equipment Repairs: We handle all equipment repairs at Coin-O-Matic's expense, with same-day or next-business-day response times. We’ll also provide the parts necessary to make sure the machine is fixed correctly. 

• Money Collection: We manage the collection of money from the machines..

Finalize the Agreement

Once the negotiation phase is complete, it's time to finalize the agreement by reviewing the final terms to double-check that all conditions are fair and clearly understood. 

This step is extremely important to confirm that you and the team at Coin-O-Matic are fully aware of their responsibilities and the agreed-upon terms. 

“Coin O Matic doesn't just sell machines; they provide comprehensive maintenance and support services as well. Their team is responsive and proactive, ensuring that our machines are always in top condition.” — Jaime W. 

Revenue Sharing With Coin-O-Matic

When you partner with Coin-O-Matic for your laundry room leasing, you'll gain from our extensive profit-sharing expertise and experience. 

With zero upfront costs on your part, we’ll provide the latest innovative and energy-efficient equipment for your laundry room and residents. We’ve been signing revenue sharing agreements with Midwest apartments, condos, and other multi-housing facilities for 100+ years, providing the latest in laundry equipment and technology from Speed Queen, Maytag, and more. 

We handle all customer service aspects, reducing your stress and simplifying your responsibilities. You’ll also benefit from our impeccable record-keeping for collections, ensuring accuracy and reliability.

We’ll help you design your shared laundry room in your facility or take all aspects of the laundry process off your plate with our Revenue Sharing Program. 

Coin-O-Matic serves laundry businesses throughout the Midwest, including northern Illinois, Indiana, Wisconsin, and Michigan. Contact us to learn more.