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April 12, 2024

Strategic Partnerships: Revenue Sharing Can Boost Laundry Profitability

Strategic Partnerships: Revenue Sharing Can Boost Laundry Profitability Header Image

By working with a trusted and experienced commercial laundry partner like Coin-O-Matic, you can enhance your competitiveness in the laundry industry, increase efficiency, and tap into new revenue streams that would be challenging to achieve alone. 

The Role of Revenue Sharing

In the laundry industry, revenue sharing allows you to pool resources, share risks, and capitalize on strengths to maximize profitability. Laundry revenue-sharing arrangements empower you to actively contribute to business growth while lessening individual financial burdens. 

The Coin-O-Matic revenue sharing program looks a little like this:

We lease your laundry room. In exchange, we install cutting-edge commercial washers and dryers that prioritize energy efficiency, ADA compliance, and American-made quality, incorporating advanced technology and electronics. Additionally, we equip the laundry room with modern vending technologies, facilitating convenient payment options such as cash, credit and debit cards, and smart card transactions for residents' ease. 

Together, we establish prices for wash and dry cycles, ensuring a mutual agreement. 

For the life of the equipment, we handle all maintenance and servicing, including equipment issues, required refunds, and damaged clothes claims. At Coin-O-Matic, we will promptly address these concerns at our expense, offering same-day or next-business-day response times for repairs. 

Last but not least, we handle the collection of funds from the machines, bearing the associated expenses. Beyond equipment maintenance and providing reliable parts, we collaborate to optimize the laundry space further, providing improvement ideas and modern laundry room design options tailored to your space’s needs.

Upgrading Equipment

With Coin-O-Matic in your corner, we can install state-of-the-art commercial washers and dryers equipped with features such as energy efficiency and modern payment options. Upgraded equipment can attract more users and increase laundry room usage, leading to higher revenue.

Optimizing Pricing

Together, we can determine vend prices for wash and dry cycles, ensuring competitive pricing that appeals to your residents while maximizing profitability. We’ll help you analyze market trends and adjust pricing strategies accordingly to optimize revenue.

Promotional Campaigns

Boost revenue with targeted marketing initiatives and promotional campaigns that raise awareness and drive usage of your laundry facilities. Offering discounts or loyalty programs can incentivize residents to use the laundry room more frequently, increasing revenue.

Operational Efficiency

By providing consultation services and expertise in laundry room management, we’ll help optimize operational efficiency, reduce utility costs, and maximize revenue potential. Implementing efficient scheduling, maintenance protocols, and resource management strategies can save costs and increase profitability.

Customer Satisfaction

Together, we will focus on enhancing the customer experience and contribute to resident satisfaction and retention. Satisfied residents are more likely to utilize laundry facilities on a regular basis, resulting in sustained revenue growth.

Partner With Coin-O-Matic

Coin-O-Matic is committed to helping Midwest property owners like you choose the best high-quality equipment for your property’s shared laundry room while providing comprehensive support in setting up top-of-the-line commercial laundry equipment. We will help you choose equipment and provide the proper steps to keep your laundry room running efficiently. 

If you need assistance selecting the best commercial laundry equipment for your Illinois, Indiana, Michigan, or Wisconsin laundry business or are looking for a trusted laundry partner, don't hesitate to call us at 1-798-540-2047 today.


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