{"id":15247,"date":"2019-05-15T08:11:31","date_gmt":"2019-05-15T08:11:31","guid":{"rendered":"http:\/\/huebsch-php74.bitnamiapp.com\/vn-international\/news\/speed-coin-laundry\/"},"modified":"2019-05-15T08:11:31","modified_gmt":"2019-05-15T08:11:31","slug":"speed-coin-laundry","status":"publish","type":"page","link":"https:\/\/huebsch.com\/vn-international\/tin-tuc\/speed-coin-laundry\/","title":{"rendered":"Speed Coin Laundry"},"content":{"rendered":"

Speed Coin<\/strong><\/h1><\/div>

Laundry<\/strong><\/h1><\/div>

Raj Patel wanted a hands-off, yet profitable, investment to fill the storefront next to his convenience store and gas station. He found it in the vended laundry industry.<\/p>\n<\/div>

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Speed Coin<\/strong><\/h1><\/div>

Laundry<\/strong><\/h1><\/div>

Raj Patel wanted a hands-off, yet profitable, investment to fill the storefront next to his convenience store and gas station. He found it in the vended laundry industry.<\/p>\n<\/div>

Read The Full Story<\/span><\/a><\/div>
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After comparing various equipment manufacturers, I came to the conclusion that Huebsch machines are a better value than any others available.<\/p>\n<\/div><\/div><\/blockquote>

Raj Patel, Huebsch Laundromat Owner<\/strong><\/span><\/div><\/div><\/div><\/div>
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Speed Coin Laundry<\/p>\n

Laundromat Investment Brings Profitability, Convenience Within Reach<\/strong><\/h2>\n<\/div>
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The complementary relationship between pumping gas and doing laundry may not be clear to some, but as of July 2014 it certainly is to Raj Patel. When searching for a profitable investment to fill the storefront next to his gas station and convenience store, he looked to the vended laundry industry. With just $500 to his family\u2019s name when they immigrated to the United States, the bustling Tennessee intersection where Patel\u2019s business is located is a testament to the success he has achieved \u2013 and what\u2019s to come.<\/p>\n

Journey to Murfreesbro, Tennessee <\/strong>
\nThe Patel family immigrated to the United States from India in 1995 with hopes of finding a better life for themselves. Raj Patel was just 14 years old. After earning a living in California for one year, the family moved across the country to Chattanooga, Tennessee, and opened a gas station\/convenience store that would serve as the family\u2019s primary income.<\/p>\n

\u201cEverything we have since moving to the United States we have earned through hard work,\u201d says Patel.<\/p>\n

After seven years of work and saving their earnings, the family sold the store and moved 100 miles northwest to Murfreesboro yet remained invested in the industry they had come to know. They purchased and opened Marathon Discount Tobacco, an existing convenience store with eight drive-up gas pumps and an adjoining storefront. The family filled this space with a liquor store, which they also ran. When comparing the business in 2004 to 2014, Patel says the store\u2019s surrounding area is unrecognizable \u2013 and that\u2019s a good thing.<\/p>\n

\u201cThere were few businesses here when we bought the store,\u201d he says of the store\u2019s location, just off of interstate 24. \u201cToday we\u2019re in the heart of Murfreesboro thanks to a new mall, hospital, stores, restaurants and office buildings.\u201d<\/p>\n

The commerce boom naturally brought more cars and customers to Marathon Discount Tobacco. Meanwhile Patel strived to keep a leg up on competition by attracting business to the adjacent liquor store. Unfortunately, after nearly a decade, the liquor store wasn\u2019t bringing in the revenue it used to. Patel sought out a new, more profitable business venture that would better complement the convenience store while providing a necessary service to customers.<\/p>\n<\/div>

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A new business venture<\/strong>
\nWhile searching for a new investment, Patel\u2019s main criterion was a hands-off, profitable business that required few employees. Friends suggested he open a check cashing service or other franchise, but he wasn\u2019t impressed with the options he found until Internet research led him to the benefits of investing in a vended laundromat. After comparing multiple equipment brands and machine features with quote scenarios, he soon partnered with his region\u2019s authorized Huebsch\u00ae equipment distributor, Nashville-based\u00a0National Laundry Equipment<\/a>.<\/p>\n

\u201cI came to the conclusion that Huebsch machines are a better value than any others available,\u201d says Patel. \u201cAnd, by choosing Huebsch, I automatically receive customized support from its network of professionals.\u201d<\/p>\n

With the right partners in place, Patel was now determined to get his new business venture, Speed Coin Laundry, up and running as soon as possible. Always the self-starter, he worked with his distributor to put together a plan on the store\u2019s layout, equipment mix, and capacities. Patel also worked with\u00a0Huebsch Financial<\/a>\u00a0to fund his business loan while providing financial peace of mind and unparalleled laundry industry expertise.<\/p>\n

\u201cWorking with Huebsch Financial was such an easy process and I would work with them again to help fund a future laundromat,\u201d says Patel. \u201cThey\u2019re easy to get a hold of, the paperwork is straightforward and most importantly the process was fast.\u201d<\/p>\n

Patel also hired a contractor to assist with a crucial step: installing a door to connect the laundromat to the convenience store from the inside. As the laundromat is often attended by convenience store employees, this allows them to go back and forth easily. It also allows customers to patronize the convenience store while they wait for their loads to wash and dry. Additionally, a restroom was installed, and aesthetics improvements were made including efficient LED lighting, new tile, and fresh paint.<\/p>\n

\u201cSpeed Coin Laundry has a cohesive layout and design; it\u2019s in a prime location and has great equipment,\u201d notes J.D. Dixon, president of National Laundry Equipment. \u201cAll of these things allow customers to get in and out fast.\u201d<\/p>\n

Thanks largely in part to its Huebsch equipment, Patel believes Speed Coin Laundry helps customers do laundry faster than any competitor in town. In fact, this belief is also the reasoning behind the laundromat\u2019s name.<\/p>\n

Speedy service through technology<\/strong>
\nThe store\u2019s 36 machines \u2013 16 washer-extractors ranging from 20 to 80 pounds and ten stacked dryers ranging from 30 to 75 pounds \u2013 maximize the 1,600 square foot laundromat while providing room for customers to move about. It is attended by one part-time employee, and convenience store staff monitors the store at other times.<\/p>\n

All of Speed Coin\u2019s machines are equipped with Huebsch\u2019s innovative\u00a0Galaxy\u2122 600<\/a>\u00a0control system. With features such as multi-level vend pricing, cycle modifiers, and time-of-day pricing, Patel can offer customers 24 wash and four drying options while earning maximum revenue and reducing utility usage. Additionally, e-Boost\u2122 technology and an efficient\u00a0200 G-Force<\/a>\u00a0extraction speed remove maximum water from loads to ultimately shorten drying times and get customers in and out faster. With Galaxy, Patel also has the ability to program and monitor his laundry equipment from a PC or laptop for ultimate convenience.<\/p>\n

\u201cHuebsch equipment is made of high quality materials and has features that allow me and my customers to maximize our time and money,\u201d says Patel.<\/p>\n

Of the many diverse machine features, Patel says customers especially appreciate washer-extractors\u2019 200 G-Force extraction speed.<\/p>\n

\u201cClothes are virtually dry before they\u2019re even placed in the dryer,\u201d he says. \u201cThis can cut a customers\u2019 time in the store from one hour to 45 minutes, which also means reduced utilities.\u201d<\/p>\n

In addition to providing a variety of efficient cycle choices and durable equipment, Patel says another key to his success has been offering a loyalty card program. By paying with the store\u2019s loyalty card, customers can earn future discounts. For example, for every twenty dollars spent on the loyalty card a customer receives a two dollar discount \u2013 giving them incentive to return.<\/p>\n

\u201cSince we\u2019ve opened, we\u2019ve been busy. We\u2019ve developed a regular customer base.\u201d<\/p>\n

Ultimate convenience<\/strong>
\nAs he intended, the addition of Speed Coin Laundry to the convenience store has been beneficial in promoting both of Patel\u2019s businesses. When cars pull up to pump gas, they learn about the laundromat for potential use in the future. Alternatively, laundromat customers are likely to venture into the convenience store and purchase snacks to enjoy while they wait \u2013 something that wasn\u2019t as common when the liquor store filled the space.<\/p>\n

\u201cA snack purchase totaling a few dollars may not seem like much, but every little bit counts,\u201d says Patel. \u201cThose purchases that wouldn\u2019t have been made otherwise do make a difference.\u201d<\/p>\n

Speed Coin Laundry hasn\u2019t even been open for a year yet, but Patel is already dreaming of owning multiple stores someday. With reliable partners to assist him with every aspect of the process, he\u2019s confident he\u2019ll achieve this goal.<\/p>\n

\u201cI already have the ideas and support system \u2013 it\u2019s only a matter of time,\u201d he adds.<\/p>\n<\/div>

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Whether you are already a business owner, or have only dreamed about being your own boss, Huebsch can be your guide \u2013 from start to finish \u2013 for investing in laundry. To find a knowledgeable laundry expert in your area who is ready, willing and able to help maximize your return on investment, visit the Huebsch\u00a0distributor locator<\/a>\u00a0or call\u00a01.800.553.5120.<\/strong><\/p>\n<\/div>

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