Giving the Community What it Needs...A Commercial Laundromat

Have you been thinking of starting your very own business? Researched the most affordable business opportunities in your area? Have you ever thought about starting your very own commercial Laundromat. Did you know that it is one of the most profitable businesses in the marketplace? Not only because it is easy to run, but also because the maintenance cost is relatively low as you would only need a limited number of labor force and the overhead costs, though they do exist, aren’t such that they would put you in a precarious position financially speaking! Could things get any better? Yes they can, as the profits only keep increasing with time. After all, there will never come a time when people don’t need to wash their clothes and commercial laundries are a great, and obvious, solution. 

Not really sure what you need to do or what aspects you need to consider when starting a small Laundromat business? Here are some things that will help you:

Check Out the Market…And Your Pockets

This is the first thing that you need to do. Check out how many Laundromats already exist in your area. If there are already enough, then you will have to come up with something truly unique to get people interested in your place. But if yours is a community that has a lack of Laundromat, then you are in a lucky position where your business is bound to flourish.

Once you have conducted all your research, check out your savings. Can you even afford to start a business? Please know that this does not mean you have to be a billionaire to be able to start a business. By taking a look at your pockets it means that you have to be able to finance your business through the acquisition of loans and some solid money in hand. This way, you will not have trouble once you actually start the business.

The easiest way to be able to get an accurate estimate is to visit the place that you intend to rent for your Laundromat and find out the price of commercial laundry machines. These estimates would allow you to determine the amount of money you would need to borrow from lending institutions, such as Eastern Funding.  

Look for Laundry Machines

This is perhaps the most important thing that you do when starting your very own commercial laundry. Get in touch with commercial laundry machine distributors who have been in the business and who knows what they are selling. Quote out several distributors so you can an idea of the pricing variables involved with different brands of equipment. Make sure the commercial laundry machines you are researching have good warranties and are simple to use. People who come to your Laundromat want an easy and successful experience.

Keep in mind; you don’t have to buy hundreds of machines to start a Laundromat. Depending on the size of the place you rent, you can buy as many machines as fit in your space and then expand to new locations if your first Laundromat is successful. One more thing that you can do is provide the customers ironing tables, internet services and some vending machines. This will attract more and more customers to your place.

Best of luck!