Small Business: The Troubles of Coin-Ops

Potential investors poured into the convention of the National Institute of Dry-cleaning two years ago, clamoring to find out about a new "wonder business" that was virtually guaranteed to coin profits while they went fishing. Last week in Washington, the institute met again, and this time it was hard to hear a good word said for the business of coin-operated dry cleaning shops. In the two years between the two gatherings, the coin-op industry blossomed into a $120 million-a-year business with 7,300 shops across the U.S. But coin-ops have made more owners...

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