The Australian landscape for operating a coin-operated laundry has seen some significant change in recent years. With an increase in apartment style living in our inner-city areas and our busier lifestyles, more of us are turning to coin laundries to get our linens cleaned. Coin operated laundries allow customers to not only wash clothes, but even larger items such as blankets and quilts. This is great news for those looking to invest in or own a coin operated laundry.
Owning a coin laundry does have its challenges, but with the right help, it will be a viable investment.
Tips on How to Operate a Laundromat
Coin laundries are becoming increasingly popular in Australia and for a good reason. If you want to be your own boss and own your own business, consider investing in a Laundromat. It won’t always be easy and you will need to put in the work but the reward at the end will be worth it as you invest in your future. If you are interested in starting a coin laundry business, there are a few things to keep in mind.
The first thing you need to do is decide if you’re going to purchase a new or existing business. Purchasing an already established coin laundry can save you the stress of starting a new establishment but there are still costs you need to consider.
To set up a coin laundry, the initial costs can be anywhere from $150,000 to $500,000. Washers and dryers will make up most of this investment, so working with a reputable supplier is important when purchasing machines.
Water, electricity, gas, and heating are all essential to the running of your coin laundry. Weekends and late nights are peak times for consumers using washing machines. Shop around for the best deals, as ABN holders are eligible for concessions.
If you are leasing a building, the price you pay for rent will be determined by the landlord. Research the area where you want to set up your business and always seek advice about the best deals.
Make it Your Own
Many coin laundry businesses are going against tradition and are offering incentives to clients. These include:
- Coffee machines
- Wi-Fi connectivity
- Gaming consoles
- Dry cleaning and sewing services
Today, coin laundries are a social place where consumers want to do more than just their laundry. Suburbs in the inner city are ideal for these types of coin laundry businesses, due to the demographic. Young university students and working professionals often venture to coin laundries to do some washing, check their emails and enjoy a coffee.
A coin laundry business will require a lot of time and effort for it to be a success. If you are interested in starting your own laundry business, Aqualogic can help. Our experience in coin laundries is unprecedented. We provide a range of innovative laundry technology for your industry and we’re 100% Australian. For more information about our services, contact us on 1300 222 119.