As a laundromat owner, it’s not unrealistic to expect returns upwards of 25 to 35 percent. Your profit, however, rests in the quality and performance of your machines, location, and marketing efforts, among other factors.
Whether you’re a laundromat owner or have multi-housing or on-premises laundry equipment, it’s important to keep your commercial laundry equipment up to date. Replacing old and outdated equipment with new machines provides many benefits, from increased end-user satisfaction to improving your bottom line.
When you’re running a laundromat, it can be easy to fall into a routine. The challenge is not falling into a rut. If you’re worried your store is getting a little rough around the edges, or your income isn’t what it used to be, it might be time to reevaluate your laundromat and restore your competitive edge.
Your profit rests in the quality and performance of your machines. Replacement can be intimidating and the factors that influence the decision to replace will be different for every store. Those “whys” can tell you a lot about how you can best approach the replacement process—whether you should be considering a full retool or would benefit from a stepped approach, and what […]
Washers and dryers are the lifeblood of a laundromat business. The Coin Laundry Association (CLA) conducted a survey to discover laundromat owners’ attitudes, perceptions, and strategies with regard to the replacement of washers and dryers in their businesses.
Are you a building owner looking to create a new revenue stream for your apartment complex or multi-housing facility? If so, consider making a long-term investment in the property by offering on-site laundry.
Whether you currently own a laundromat, are looking to start a laundromat business, or own a multi-housing property, there is a payment option for you.
At Lakeside Laundry, a big part of what we do is help entrepreneurs and investors start their own laundromats. We’ve written often about laundromats as a flexible, easy-to-start and high-ROI business and how we can help with every step of design and construction. Because I’m also a part owner of two laundromats, I can attest to that.
Is your washing machine washed up? Is your dryer burning out? If so, it’s time to consider an upgrade. But before you dish out money on brand-new laundry equipment, you first have to figure out what you need your machines to accomplish.
Looking for a reliable investment opportunity that’s easy to start, flexible, and cash-generating? Starting a laundromat business might be for you.