How to Start a Laundromat Business: Part 11
Our How to Start a Laundromat Series is a collection of introductory blog posts for entrepreneurs interested in opening a laundromat. Previously, we have covered the types of stores you can open and the neighborhood demographics to consider when starting your first laundromat. This time we’ll dig a little deeper and focus on pinning down the right location for your store.
Need tips on choosing the right neighborhood for your store? See how neighborhood demographics could affect your laundromat.
In a hurry? Jump to our quick tips section.
Take Your Time — Choosing The Right Location Can Make Or Break Your Laundromat Business
Choosing the right location is one of the most important decisions a laundromat owner will make. Even if you do everything else right, if your store is hard to discover or awkward for your customers to get to, you will find it difficult to build a successful coin laundry business.
Already have a laundromat location locked down? Learn about choosing the best coin washers for your store.
Get Local Insider Knowledge
The easiest and best way to find a great location for your new laundromat is to talk to your local Authorized Electrolux Distributor. Your local distributor knows your neighborhood and its residents like the back of their hand. They can tell you the types of locations that have worked for businesses in similar neighborhoods. They may even be able to tell you where businesses have failed in the past.
So before you get too deep into location hunting, talk to your local experts. But when it comes time to scout locations for your new store, there are some general rules of thumb to follow…
6 Tips On Choosing The Best Laundromat Location
1. Location With Lots of Traffic
Look for a location on a busy street. Ideally, this street would be on the way in/out of your neighborhood and have lots of passing commuters.
2. Street With A Low Speed Limit
Streets with lower speed limits are best because you want drivers to have time to see your store. You also want it to be easy for your customers to enter your lot, so look for a location with convenient entrance and exit points to and from the road.
3. Be Visible To Passing Drivers
Your store should be visible from the street. Make sure to put up signs in prominent locations if you think it will be difficult for passing drivers to notice your laundromat.
4. Store With Glass Frontage
Commercial properties with a glass frontage are perfect for laundromat businesses. Your equipment is what will draw new customers to your store, so when laying out your equipment make sure to position your best high-capacity Electrolux washers in prominent locations near the front of your store.
Looking for more store design tips? Learn how to create the best laundromat layout.
5. Plenty Of Available Parking
Available parking spaces are very important to the success of your store. Make sure there will be free spaces for your customers — especially at peak times like weekends and evenings.
6. Near Local Anchor Points
Think about the places your potential customers habitually visit. Finding a location beside or on the way to these anchor points is a great place to start. Locations near supermarkets are great for coin laundry stores because customers can get two weekly tasks done in one trip — laundry and groceries. Locations between high population areas and elementary and high schools or are great also. Parents can easily visit your store after the school pick up or drop off.
Quick Tips for Entrepreneurs in a Hurry
★ Take your time when choosing your location. It may be the most important decision you make for your store.
★ Talk to your local Electrolux Authorized Distributor. They can advise you on the best locations in your neighborhood.
★ Choose a location on a high traffic street with a low speed limit.
★ Make sure your store is in a highly visible spot.
★ Opt for a property with glass frontage.
★ Use the existing habits of your potential customers by anchoring your store to popular businesses like supermarkets or near schools, factories, or office buildings.
Ready to take the next step? Laundrylux can help you open a successful laundromat business. Contact our laundry experts today!
★ For the highest-quality, energy-efficient washers and dryers, choose Electrolux Professional Coin Laundry Equipment.
★ Do you need laundry business financing? Laundrylux Funding Services can help.
★ Looking for marketing services for your new store? The experts at Laundrylux Creative Services can help make your laundromat a success.
★ Looking for an Authorized Electrolux Distributor in your area? Laundrylux has a huge network of local laundry experts. Contact us to be put in touch with your local expert today!
★ Want an easy laundromat management system? Check out laundrypulse.com
★ Discover LaundryPay! Visit laundrypayapp.com to learn more about the ultimate laundromat payment system