Nobody has made such a good thing out of washing dirty linen in public as Manhattan's Telecoin Corp. It is chiefly responsible for the boom in wash-it-yourself laundries, which have all the get-rich-quick lure once possessed by miniature golf courses. Last week, Telecoin sold a "Launderette" in Owosso, Mich., the 1,322nd store which Telecoin has franchised in 700 U.S. cities.
The boom has grown so fast that no one is sure just how big it is. But the gross from the stores of Telecoin and competitors is estimated as high as $80,000,000 a year.
Old Hands. Telecoin is run by a...
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