check cashing as a auxiliary service [Archive] - Coinwash The key to a successful Laundromat Business.

hithere

03-26-2006, 08:16 PM

putting check-cashing business in the laundromat is a good idea?
Like money order, western union, bill-pay,etc?
these help laundry business and generate additional income?

DuboisLaundry

03-26-2006, 08:31 PM

I have too much cash on premises already

pete f

03-27-2006, 10:17 PM

putting check-cashing business in the laundromat is a good idea?
Like money order, western union, bill-pay,etc?
these help laundry business and generate additional income?

I think Buddy posted something like this in another area. try to read thru some other threads.

kbc747

03-27-2006, 11:38 PM

No never never never.

skyfather

04-03-2006, 10:52 PM

Depends on the local market. In the LA area, it could definitely be a great add on. There's a huge chain (up to 9000ft) here called Lucy's Laundrymart that sublet space to well known check cashing outfits.

Haven't been there since a large distributor called PWS bought them out, but there were always a lot of people for both stores. Many times, I'd see people cash their checks and put money on the smart card. LA has a significant population that prefers to cash checks, make int'l wires, and use money orders.

hithere

04-04-2006, 05:40 PM

Depends on the local market. In the LA area, it could definitely be a great add on. There's a huge chain (up to 9000ft) here called Lucy's Laundrymart that sublet space to well known check cashing outfits.

Haven't been there since a large distributor called PWS bought them out, but there were always a lot of people for both stores. Many times, I'd see people cash their checks and put money on the smart card. LA has a significant population that prefers to cash checks, make int'l wires, and use money orders.
that's exactly what I am looking for....
most of customers are latinos, so I guess they are good prespect customers for both laundry and check-cashing.