Liz and Nick Merrill
Laundry Lounge Coronado
Coronado Island, Calif.

Laundry Lounge ownersBefore Getting into the Laundry Business…

Liz and Nick had previously established Sweat Equity Gym, a fitness center based in Bellevue, Wash. In fact, the couple’s vended laundry in Coronado is located adjacent to their newly opened Sweat Equity Gym location on the island.

Store Opening

June 2018

Business Hours

Monday through Friday: 5:00 a.m. to 9:00 p.m.; weekends: 8:00 a.m. to 8:00 p.m.

Staff

Five part-time attendants

Total Square Footage

1,200 square feet

Parking Availability

Laundry Lounge Coronado has six designated parking spaces, as well as ample on-street parking.

Lease or Own?

The Merrills have a 15-year lease.

Laundry LoungeThe Building

The facility had formerly been a laundromat. However, over a six-month period, Liz and Nick completely remodeled the existing store, including a total upgrade of the plumbing.

Cost

$400,000

Turns Per Day

Four to five

Marketplace Demographics

Coronado Island, a resort town located a few miles off of the San Diego coast, is home to some 24,000 residents, a U.S. Naval base and scores of vacationers from around the world. 

Competition

There are no other self-service laundries on the island.

Payment Options

Credit and debit cards, as well as loyalty cards

Washers and Dryers

10 Continental 20-pound frontloaders, $3.95
3 Continental 40-pound frontloaders, $5.95
3 Continental 60-pound frontloaders, $7.95
8 Continental 30-pound stack dryers, 25 cents for eight minutes
2 Continental 75-pound dryers, 50 cents for eight minutes

Water Heating System

Hamilton Engineering water heating system

Card System

CCI’s FasCard card system

Laundry Carts

6 R&B Wire Products laundry carts

Folding Tables

3 customized folding tables, including one that is a “retired” surfboard.

Flooring

Concrete flooring

Lighting

Recessed lighting 

Televisions

1 40-inch television

Additional Amenity

Sweat Equity Gym is located next to the laundromat.

Wash-Dry-Fold Service

$1.59 to $2.49 per pound; $30 minimum for delivery, $10 minimum for drop-off orders

Commercial Business

Laundry Lounge Coronado currently processes the bedding and linens for a few small hotels and bed and breakfast establishments.

Finance Company

Eastern Funding, New York, N.Y., (877) 819-1764

Distributor

Continental Girbau West, Santa Fe Springs, Calif., (866) 950-2449