Here's the sales pitch for Italy SQ.
SQ, Wascomat and others all hold these various "investor" forums or whatever where people go to hear the sales pitch.
What many don't realize fully is that sure SQ will loan "well qualified" persons money or otherwise help get them started in the wonderful world of owning a coin laundry. But flip side is they now are saddled with a shop that is full of nice shiny new equipment that must be paid off. Each month they have to write a check to SQ or whoever, even if this means they themselves as owners aren't making a dime.
Best thing for anyone seriously considering getting into laundromat business is to first do their homework, then try to find someone who is selling a mat. Look over everything closely, work out your own business plan, investigate area, etc.. then decide if can make a go of things.
This guy has had nothing but trouble, but claims he's making huge sums from his laundromats. Half his problems are he's stuck with the old equipment that was in mat when he bought it, and they're all coin operated. So his washers are dryers are subject to vandalism, abuse, theft....