\nLaundry Lounge Coronado<\/strong>
\nCoronado Island, Calif.<\/strong><\/p>\n
Liz and Nick had previously established Sweat Equity Gym, a fitness center based in Bellevue, Wash. In fact, the couple\u2019s vended laundry in Coronado is located adjacent to their newly opened Sweat Equity Gym location on the island.<\/p>\n Store Opening<\/strong><\/p>\n June 2018<\/p>\n Business Hours<\/strong><\/p>\n Monday through Friday: 5:00 a.m. to 9:00 p.m.; weekends: 8:00 a.m. to 8:00 p.m.<\/p>\n Staff<\/strong><\/p>\n Five part-time attendants<\/p>\n Total Square Footage<\/strong><\/p>\n 1,200 square feet<\/p>\n Parking Availability<\/strong><\/p>\n Laundry Lounge Coronado has six designated parking spaces, as well as ample on-street parking.<\/p>\n Lease or Own?<\/strong><\/p>\n The Merrills have a 15-year lease.<\/p>\n 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.<\/p>\n Cost<\/strong><\/p>\n $400,000<\/p>\n Turns Per Day<\/strong><\/p>\n Four to five<\/p>\n Marketplace Demographics<\/strong><\/p>\n 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. <\/p>\n Competition<\/strong><\/p>\n There are no other self-service laundries on the island.<\/p>\n Payment Options<\/strong><\/p>\n Credit and debit cards, as well as loyalty cards<\/p>\n Washers and Dryers<\/strong><\/p>\n 10 Continental 20-pound frontloaders, $3.95 Water Heating System<\/strong><\/p>\n Hamilton Engineering water heating system<\/p>\n Card System<\/strong><\/p>\n CCI\u2019s FasCard card system<\/p>\n Laundry Carts<\/strong><\/p>\n 6 R&B Wire Products laundry carts<\/p>\n Folding Tables<\/strong><\/p>\n 3 customized folding tables, including one that is a \u201cretired” surfboard.<\/p>\n Flooring<\/strong><\/p>\n Concrete flooring<\/p>\n Lighting<\/strong><\/p>\n Recessed lighting <\/p>\n Televisions<\/strong><\/p>\n 1 40-inch television<\/p>\n Additional Amenity<\/strong><\/p>\n Sweat Equity Gym is located next to the laundromat.<\/p>\n Wash-Dry-Fold Service<\/strong><\/p>\n $1.59 to $2.49 per pound; $30 minimum for delivery, $10 minimum for drop-off orders<\/p>\n Commercial Business<\/strong><\/p>\n Laundry Lounge Coronado currently processes the bedding and linens for a few small hotels and bed and breakfast establishments.<\/p>\n Finance Company<\/strong><\/p>\n Eastern Funding, New York, N.Y., (877) 819-1764<\/p>\n Distributor<\/strong><\/p>\n Continental Girbau West, Santa Fe Springs, Calif., (866) 950-2449<\/p>\n","protected":false},"excerpt":{"rendered":" Liz and Nick Merrill Laundry Lounge Coronado Coronado Island, Calif. Before Getting into the Laundry Business\u2026 Liz and Nick had previously established Sweat Equity Gym, a fitness center based in Bellevue, Wash. In fact, the couple\u2019s vended laundry in Coronado is located adjacent to their newly opened Sweat Equity Gym location on the island. Store […]<\/p>\n","protected":false},"author":1230,"featured_media":1806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[99],"tags":[9424,9153,312],"class_list":["post-5241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-spotlights","tag-business","tag-business-ownership","tag-laundromat"],"_links":{"self":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/5241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/users\/1230"}],"replies":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/comments?post=5241"}],"version-history":[{"count":1,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/5241\/revisions"}],"predecessor-version":[{"id":5242,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/5241\/revisions\/5242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media\/1806"}],"wp:attachment":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media?parent=5241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/categories?post=5241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/tags?post=5241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Laundry](\"https:\/\/planetlaundry.com\/wp-content\/uploads\/2019\/01\/Laundry-Lounge-2-169x300.jpeg\")
Before Getting into the Laundry Business\u2026<\/strong><\/p>\n![\"Laundry](\"https:\/\/planetlaundry.com\/wp-content\/uploads\/2019\/01\/Laundry-Lounge-300x169.jpg\")
The Building<\/strong><\/p>\n
\n3 Continental 40-pound frontloaders, $5.95
\n3 Continental 60-pound frontloaders, $7.95
\n8 Continental 30-pound stack dryers, 25 cents for eight minutes
\n2 Continental 75-pound dryers, 50 cents for eight minutes<\/p>\n