If you’re looking for a recession-proof business with steady, year-round income — an enterprise that’s easily scalable and has low labor costs — then opening a laundromat might be for you.
The flexibility a coin laundry business offers can make them suitable for many different types of entrepreneurs; whether you want to bring in extra income by running a store on the side, or you want to build a laundry empire, with smart management and the best coin laundry equipment you can achieve your business goals.
Advantages Of Opening A Laundromat Business
1. Laundromat Businesses Provide a Steady Income
Clean clothes are a necessity; so no matter the time of year or the state of the economy, your laundry business can count on a regular flow of customers.
2. Easy To Operate And Low Labor Costs
Opening a laundromat business offers simple operations and low labor costs as customers provide much of the labor themselves. Of course, your store must be cleaned, and you may choose to offer extra services, but compared to other retail-type businesses, laundromats incur very low labor costs are relatively easy to maintain.
3. No Receivables And No Inventory
In the laundromat business, your customers pay upfront for your service, so you will never need to chase payments. And, no inventory means your business will not have capital tied up in unused stock.
Learn More About Laundromat Payment Sytems: Coins, Cards, or LaundryPay — Which Laundromat Payment System Is Right For You?
4. Laundromat Businesses Offer Flexibility
Because it is possible to leave your store unstaffed, opening a laundromat business offers great flexibility and, with LaundryPulse, it’s now easier than ever! Depending on your needs, you may choose to man your store during specific hours or even run it remotely.
Learn More About LaundryPulse: LaundryPulse Makes It Easy to Expand Your Laundromat Business and Become a Multi-store Owner
5. Create A Hybrid Laundry Business
Many owners will choose to maximize the utility of their space by combining their store with a second business. These unique laundromat businesses, such as Hybrid laundromat cafes, are becoming popular in urban centers and college towns across North America. Customers enjoy socializing while they wait for their laundry, and owners see increased profits and an expanded customer base.
6. Increase Profits By Offering Extra Services
Everyone has a busy schedule, many people are finding they don’t have time to do laundry. This has given laundromat owners an opportunity to increase profits by offering wash & fold services to these customers.
Get Laundromat Service Ideas: The Most Profitable Services For Your Laundromat Business
Considering opening a laundromat business?
Laundrylux has over 60 years of experience in helping entrepreneurs across the USA and Canada run profitable laundry businesses. We offer financing and marketing support, and our Electrolux & Wascomat coin equipment boasts low running costs, rugged durability, and stellar wash results.