Starting a Laundromat
Starting a Laundromat is not really expensive and it’s a good idea too. But before you start take a look at what you will need and the start up cost related to starting a Laundromat.
What you need to know about starting your own Laundromat!
Tips on starting a Laundromat!
- Decide whether you wish to set up your business from scratch or want to buy a ready made business? Prepare a detailed business plan for each option as this gives you a detailed idea of what you will require to put into your business.
- Finding a good location for your Laundromat is really important as you need to have a location in a residential area where people regularly need to get clean clothes. It’s a good idea to have the Laundromat in an existing location which already had the necessary water, electrical, plumbing and other connections in a building. If the necessary connections are not there you will have to spend extra to get the connections done and this will add to your start up cost. Make sure you get detailed quotes from contractors and builders for all the plumbing needs of your Laundromat.
- Your initial expenditure on stock of new or old coin operated washers and dryers will be your main expenditure. Newer machines will require lesser maintenance but once in while repairs are necessary for almost all machinery. You have to take this decision with a lot of thought of what you can afford about your initial investment. You should also think about the services you wish to offer your customers like ironing and folding of clothes.
You might need to contact the local city council or the necessary licensing agency to find out what you will need to set up your business. You also have to contact the local Franchise Tax Board to get the required permits. This will help you to buy goods without tax for your business.
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You will also have to plan for a significant in order to turn on the local utilities along with repair and maintenance of your machines. You will need to get a regular service contract with the person who installed your machines as this turns out much cheaper in the long run. You will also need a lot of business furniture and equipments for your Laundromat business like, furniture for the customers to sit on while they are waiting for washer to wash the clothes, regular baskets for clothes, detergent selling machines and other necessities like fabric softener. Meet with other local Laundromat opener to find out what they are offering and the problems they are facing. Visit other Laundromats to find the services and customers aids they have at their places.
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To start a Laundromat equipment selling business, first decide on what type of equipment you plan on selling. Read this article to find more.
473 Comments
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