Here’s Everything You Need To Know …
If you’ve been thinking about investing in a laundromat to make some extra income, you probably aren’t alone! But buying or setting up a laundry business isn’t as straightforward as it seems – this is our guide to starting or investing in a laundromat to make you some extra income!
There are so many benefits to owning a laundromat, including the fact that one they’re set-up, they’re pretty low maintenance but still have the potential to earn you a decent chunk of money.
If you’re considering investing in a laundry business, these are some of the top things we think you should know before taking the plunge.
How Can I Increase Revenue as a Laundromat Business Owner
If you’re looking at buying or you already own a laundromat and want to know some ways you can invest in the laundromat to increase revenue to complement commercial washing machine services, here are some suggestions:
- Kids Corner: Many parents can find it challenging to finish tasks like their laundry when they have small children to take care of. By incorporating a kid’s corner into your laundromat business, you’re creating an inclusive space for families and giving parents extra motivation to attend your laundromat over the competition.
- TV: A TV is a smart investment for your laundromat business that will attract potential customers of all ages. Giving your customers something to do at your laundromat business while they wait will help you stand out from the rest.
- Free Wifi: Modern-day customers are busy balancing work and home life. By providing free wifi, you’re giving your customers the freedom to continue with their work day and online errands, while also offering them a quiet moment to get on top of everything.
- Garment repairs and alterations: Elevate your laundromat business by offering garment repairs and alterations. By providing customers with a one-stop shop for all their clothing needs, you’ll expand your business and increase your earnings.
- Comprehensive Laundry Services for Busy Customers: In today’s fast-paced world, the convenience of a laundry service that includes pick-up, delivery, washing, folding, and ironing is highly appealing to time-poor customers. It elevates their experience and meets their needs efficiently.
Why invest in a laundromat?
If you’ve been looking for a way to make some extra income through a business venture that doesn’t require too much hands-on management, this is a great choice! Running a laundromat can be very financially rewarding thanks to the low operational costs. If you’re wanting to invest in a laundry business that is as low maintenance as possible, you may want to consider not staffing your establishment as staffed laundromats have additional operating costs that their unstaffed counterparts don’t have.
A laundromat is a great way to earn extra cash whilst still maintaining your work-life balance. You get to decide when you open and how often you will go to your business to check everything is running smoothly so you can spend more time doing the things you actually like and less time at work!
How do I start a laundromat?
If you’re wanting to set up your own business from scratch rather than investing in one that is already established, there are a few things you need to keep in mind! From the space to the location and everything in between, setting up a laundromat from scratch requires a lot of careful consideration.
Check out our blog on how to set up your very own laundromat to explore all the tips, tricks and considerations in more detail.
What equipment do I need to get started?
When it comes to investing in a successful business, the right equipment really does make all the difference. From coin and vended washers to coin and vended dryers you want to ensure your laundromat is kitted out with high-quality, reliable equipment that works well and is built to last.
You may also want to consider looking for machines that have the capacity for customers to use their debit or credit cards to make payments more convenient. If you are set on having washers and dryers that take only cash in your laundromat, it would be best to also invest in a cash exchange machine that customers can use to turn their notes into coins.
Is a laundromat a good business venture?
If you fit out your laundromat with the best equipment and you have the drive to keep your laundry business running at its best, a laundromat is a great business venture! Laundromats can help you to make a passive income without having to spend too much time physically at your business.
If you prioritise high quality equipment and set your laundromat up in a busy location, you will reap the rewards of owning a successful laundromat.
How Can Aqualogic Help?
At Aqualogic, we have extensive experience when it comes to setting up successful businesses for our various clients. We can take care of fitting out your laundromat whether it’s a completely new business or you’re wanting to upgrade your equipment and renovate your existing space.
We have undertaken a range of fit outs across New South Wales, these are some of the most recent installations our team at Aqualogic has handled including QuikLaundry Windsor, SupaDry Laundromat and the Shellharbour WashWorks Laundromat location.
At Aqualogic, we have a range of washers and dryers from trusted brands that are perfect for if you’re setting up your laundromat business. Some of the most popular models amongst our clients include the IPSO Coin Vended Stack Washer and Dryer in the medium size, the IPSO Stacked Tumble Dryer and the IPSO Coin Vended Hardmount washing machine.
Our team are experts when it comes to fitting out your business with the best equipment. A laundromat really is only as good as it’s equipment so choosing equipment from a reputable supplier is a sure fire way to get your business started off on the right foot from the get go.
If you want to chat to the experts about what commercial laundry equipment is best for your space, contact our team at Aqualogic today and begin your journey to the laundromat business you’ve always dreamed of!
