Entrepreneurship and self-sustainability are significant goals for many people, offering benefits from being your own boss, improving your work-life balance, and creating a profitable business that can be handed down to future generations.
Laundromats offer a significant opportunity for the new business owner. One of the main benefits of starting a laundromat over other types of small businesses is the fact that they have an excellent potential ROI – from 25-35% in the first year alone.
Even with these numbers, laundromat owners can make choices that can accelerate ROI, making a laundromat more profitable in a shorter time frame. Some decisions that can be made to accelerate your path to productivity include choosing the right location, understanding your target demographics, and partnering with a full-service laundromat supplier.
What is a full-service laundromat supplier?
Creating a viable business from the ground-up requires an enormous amount of effort and a variety of different skills. Experience is essential, helping to drive the decisions that will impact the long-term success of your business; however, many entrepreneurs are first-time small business owners without the experience needed to make the best decisions for the business.
That is why choosing a laundromat supplier can be one of the most crucial decisions for a new business owner. Laundromat suppliers vary in the level and type of services that they provide to their clients. Many companies offer commercial laundry equipment, but few can provide end-to-end, consultative support for a new laundry entrepreneur.
How can a full-service laundromat supplier help an owner overcome challenges and accelerate ROI?
Creating a business plan can be complicated. It requires the entrepreneur to select a location, examine the customer base, decide on the layout, equipment, and services that will be offered while making realistic predictions for income, cash flow, utilities, expenses, and more.
Using in-depth knowledge of the laundry industry combined with data analytics, a full-service laundromat supplier can provide information that will help you make realistic predictions to inform and shape the creation of your laundromat business plan.
Ensuring that your laundromat has the optimal location is critical to long-term success. However, as a new business owner, how can you know if it’s better to rent a storefront in a neighborhood with lots of apartment buildings, or refurbish an existing laundromat in a high-traffic strip mall?
Again, this is where experience can help a new small business owner to evaluate different options, and ultimately make the best decision for the business. A full-service laundromat supplier will be available to help support an entrepreneur and find the ideal location for their business.
Related Blog: How to Pick The Right Location For Your Laundromat
Store design is an essential part of the customer experience. Would your customers prefer a clean, Scandinavian feel, or a kitschy 50’s vibe? What layout will be the easiest to maintain and keep clean while maximizing the value you gain from every square foot?
A full-service laundromat supplier can help you make important decisions, ensuring a cohesive design and efficient layout to provide the best customer experience, in a well-planned, attractive, and easily-maintained setting.
As a new business owner, you will need to consider a variety of marketing tasks and tools that you may have limited experience with. These tasks include designing and maintaining an informative and engaging website, creating a strong brand that will resonate with your target audience, designing and printing in-store and promotional materials, and using on-brand digital and social media assets to promote your store.
A full-service laundromat supplier can help a business owner build a comprehensive, high-impact marketing plan to drive business results, including accelerating ROI so that you can make bigger profits, faster.
Learn about Laundrylux Creative Services
Equipment & Financing
Commercial laundry equipment comes in many sizes, styles, and types; and it can be challenging to determine the correct mix. A laundromat supplier can help you decide on the equipment that will best suit your needs – the number and types of washers and dryers, the features that will be most useful to you and your customers, and more. Moreover, a full-service laundromat supplier can provide laundromat equipment financing to help you get your new business off the ground.
Partnering with a full-service laundromat supplier like Laundrylux can help a new business owner build a successful business, one that they can expand or pass down to future generations. Laundrylux, a family-owned and operated company, has over 60 years of industry experience that can help laundromat owners make smart business decisions, guiding them on the path to design and build a business, and accelerate the return on their investment.
Want to improve ROI on your laundromat investment? Connect with our experts to learn how our full-service offerings can maximize results for your business.
Laundrylux is closely monitoring all updates provided by the CDC and other public health agencies following the recent coronavirus outbreak. The safety and well-being of our employees, customers, and the community at large is our top priority in these critical times. Many major cities, counties, and states across the country have declared laundromats an “essential service” to ensure that communities have access to laundry facilities.Discover the current situation in your area.