Card Laundromat Premium

[Bret]

Originally entered under "Buying a mat?" I am a newbie. I have read a bunch of threads and articles about valuing a mat for sale. I am looking for a card mat. It seems that (all other things being equal) card mats comand a higher premium over coin mats. What is a typical premium for card vs coin?

[laundryman]

Well for a new store expect to pay around $300 extra per machine for the card system readers and install and 25-40K for the system itself. So if the store is for sale it would demand a higher price on that basis alone, however card stores typicly have float on each card( money left on card and never used ), so your paying extra for this factor as well.