Bruny Costantino and George Gautreaux
OLE Super Coin Laundry
Allentown, Pa.Before Getting into the Laundry Business…Costantino and Gautreaux also own several daycare operations, as well as additional retail businesses.Store OpeningMay 19, 2017Business HoursOLE Super Coin Laundry is open 24 hours a day, seven days a week.StaffFour part-time attendantsTotal Square Footage4,500 square feetParking Availability38 parking spacesLease or Own?Costantino and Gautreaux have a 10-year lease.The BuildingThe location was a former nightclub that was slated to be another daycare for the couple. However, after retooling another smaller self-service laundry in the neighborhood a year earlier, they enjoyed the fact that vended laundries give them the ability to run a business with just a few employees. As a result, when they remodeled the building – one side became OLE, and the other side will be a 3,500-square-foot restaurant, which is scheduled to open by the end of the year.The Construction ProcessThe entire project took six months, including city permitting and final approvals, and it cost $550,000.Turns Per DayThreeUtility CostsUtility costs represent about 14 percent of the store’s gross revenue, according to the owners.Marketplace DemographicsThe laundry is located in a heavily Hispanic urban neighborhood, which features approximately 60 percent renters.CompetitionThere are five competing laundries within a one-mile radius of OLE Super Coin Laundry.Payment OptionsCoins onlyWashers and Dryers12 Primus 20-pound frontloaders, $1.50 to $2.50
7 Primus 40-pound frontloaders, $3.50 to $5.00
7 Primus 55-pound frontloaders, $5.00 to $6.50
4 Primus 80-pound frontloaders, $7.00 to $8.75
7 Primus 30-pound stack dryers, 25 cents for six minutes
9 Primus 45-pound stack dryers, 25 cents for five minutes
4 Primus 75-pound dryers, 25 cents for four minutesWater Heating SystemAO Smith BTH400A water heating systemBill Changers1 Standard Change-Makers MC300RL changer
1 Standard Change-Makers MC520RL changerLaundry Carts18 R&B Wire Products antimicrobial laundry cartsFolding Tables8 Caco folding tables, with shelvingFlooringA combination of tile and wood flooringLightingLED bulbsBeverage Vending1 iVend beverage vending machine, 75 cents to $1.50Snack Vending1 iVend snack vending machine, 75 cents to $1.50Televisions4 55-inch flat-screen televisionsWash-Dry-Fold Service$1.00 per pound; 10-pound minimumChildren’s Play AreaThe store features an 800-square-foot enclosed patio area outside, with outdoor carpeting and two large plastic climbers and slides.Additional Amenities• Detergent and other laundry products sold over the counter
• Free Wi-Fi access
• A Western Union location
• A U-Haul location
• An adjoining restaurant, to be open by the end of yearFinance CompanyEastern FundingDistributorJustin Tucci, Equipment Marketers, Cherry Hill, N.J., (800) 223-1376