The laundry industry may seem straightforward to the casual observer, but many variables contribute to a business owner’s success. Whether purchasing an existing laundry business or starting a new one, entrepreneurs must understand core business principles, financial planning, laundromat management, marketing and design, customer relations, equipment service and maintenance, construction, and much more.

However, the laundry business is an excellent choice for new and experienced investors for plenty of reasons. The business is recession-proof, as characteristics of an economic downturn actually drive business to laundromats. Fewer people own their homes, they replace home appliances less often, but they still need clean clothes. After the initial investment is made to start a laundromat, business owners can look forward to being part of an industry with high potential ROI – often reaching 25-35% within the first year.

Why Start a Laundry Business?

    1. Accelerated ROI

While other businesses may have a waiting period before they become profitable, a laundromat begins to generate income from opening day. This results in a potentially profitable return on investment – sometimes reaching 25-35% in the first year. Additionally, the laundry business has a low barrier to entry, accelerating your path to profitability even further. Unlike other businesses, there are no specific certification or educational requirements for laundromat owners, making a laundromat straightforward to start.

    1. Variable Time Commitment

Laundromats come in various shapes and sizes and will require different time commitments of an owner depending on the type of services offered and the number of employees. A self-service laundromat is a great candidate for a side hustle, that can be maintained in addition to a regular, full-time job. Wash and fold, curbside pickup, or delivery services require more effort and oversight. A laundromat allows investors to create a business that works for them.

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If you are considering starting up a laundromat or purchasing an existing business, you may have concerns about bridging any gaps in knowledge. For example, perhaps you have expertise in business management, but lack skills in construction and procuring equipment. In this case, you may consider enlisting an experienced partner with a proven track record of industry success.

Laundrylux is your partner in building and operating a successful laundromat business, offering a wide variety of services and support to laundry entrepreneurs. Laundrylux can help you with:

 

    • Financing
    • Real Estate Services
    • Site selection and negotiation
    • Design and planning
    • Construction
    • Marketing and Promotion
    • Equipment
    • Selection and installation
    • Service and maintenance

About Laundrylux

Laundrylux is also the only North American distributor of high-quality, energy-efficient Electrolux and Wascomat commercial laundry systems. More than that, Laundrylux is a family-owned business that has been supporting entrepreneurs since 1955. Get financing, equipment, service and expert support from the family that built the industry.

Laundrylux is the industry expert, with decades of experience in supporting laundry entrepreneurs in their business ventures. The success of laundromats of every size and type has been supported by our team, from the initial consideration phase to maturity and expansion. If you are considering the laundry industry for your next business venture, contact Laundrylux to access our suite of comprehensive services and support.

eBook Is the Coin Laundry Business Right For You

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