The benefits of owning and operating a laundry mat are vast and varied. You have no need of employees, you simply go in a couple times a day, check the supplies, and rake in the cash, and I’m going to give you some tips on how to start your own laundry mat. The only downside of this veritable goldmine is the initial start-up cost. You’ll need approximately $10,000 to $15,000 to purchase the appliances and other amenities. Additionally, you’ll need a good location with easy access and decent parking.
Let’s first focus on the equipment cost of starting a Laundry Mat Near Me. The task of convincing a bank to approve your loan can seem a bit daunting. If u have a solid growth plan in a good area, you’ll have no problem getting a bank to loan you the start-up cash. Everybody has to wash their clothes right? This industry does not have the extreme fluctuations that other ones have for that simple reason. No matter if its pouring rain or blistering heat, people still want to wear clean clothes.
You don’t have to spend hours on end, day in and day out slaving away in the store because everyone knows how to wash their clothes. They’ve been doing it since they were young children. This translates into a greater decrease in overhead and freer time for you. Most online experts agree that a properly run laundry mat should require approximately 3-10 hrs a week. With all that free time you can work another job, travel, or just sit back and count your money.
Location, location, location; the biggest phrase in real-estate, its also going to help you start your laundry mat. If you get the loan and the machines, but you are shoved away in a tiny closet way off the beaten path, you are going to suffer. I’m not saying that you need a place four doors down from the Ritz, but a place that grabs the attention of the average person, something they don’t have to hunt for. Something in a shopping center would be a good place if possible to find. Also, you will need to increase the amount of plumbing and electrical outlets.
Ok, you’ve got the equipment and the location, now its time to open the doors and welcome the masses to your new business. But a little promotional work will not go amiss. Fliers are one of the best ways to get more customers. Also for a first week promotion, perhaps a carwash would be effective. Billboards and banners are most certainly effective modes of advertisement.