From: E. G. Higdon Subject: Self-Service Laundries (Laundromat) Technical Book Date: Tue, 7 Feb 1995 18:41:46 GMT Anyone who is interested in the self-service laundry business should read the book: "Coin Laundries!Road to Financial Independence." This book can be found in most major libraries in the United States and many libraries in Canada. The author is Emerson G. Higdon and the ISBN number is 0-9623173-8-1. This 290-page book was written for entrepreneurs who buy, build, promote and operate coin laundries. The book is highly technical, yet easy to read. It provides an easy-to-follow, step-by-step plan, from site selection, through financing, equipment selection, construction, to managing for profit. Laundries are a cash business ! no bad checks, late payments or uncollectable accounts. There are no cash flow problems because there is always plenty of cash. And none of your money is tied up in inventory. It's a simple, straight-forward business to run. For the most part, laundries are recession-proof. Like housing and food, clean clothes are a necessity. Everyone must have clean clothes. And competition is limited. Mass merchandisers are driving many small retailers out of business, but a laundry competitor cannot rent space, buy natural gas, electricity or water any cheaper, and therefore, that competitor cannot beat your price. Opportunities are unlimited because an entrepreneur can start with one small laundry and build this into a chain of self-service laundries. But there are pitfalls, especially for the inexperienced. Too many good people lose their life savings to mistakes or to the ever-present "sharks". This book was written to keep entrepreneurs out of trouble. If you have trouble finding a copy of this book or need additional information, you can e-mail me at: higdon@netcom.com Emerson G. Higdon 16175 SW Holly Hill Road Hillsboro, Oregon 97123-9033 United States of America Internet E-Mail: higdon@netcom.com Phone: (503) 628-3995 Fax: (503) 628-0203