Most Laundromats offer various services like dry cleaning, ironing and wash and fold. Additionally, many offer pickup and delivery services to their daily customers working in positions where a suit and tie are the daily uniform. Also, profits from coin operated laundromats are very good. But startup cost can be high because new equipment, especially dry cleaning machines are high dollar products. But there are ways around the initial high dollar outlay.
Two ways to cut initial startup cost are to buy an existing laundromat that is already established but not turning the profit it should. And the second and most important is to purchase a franchise. Franchising is the best kept secret of the 21st century. The reason for this is that with a franchise you are buying a “branded name.”
Here are a few steps for you to consider when you start your own laundromat business.
Step 1: You can start your Laundromat by searching for a strategic location. A big profile location, that has plenty of parking and on a busy street, is a must for a business like this to succeed.
Step 2: You can contact your country or city business license department and start applying for application prior to opening your Laundromat.
Step 3: Shop for insurance for your Laundromat early to ensure your Laundromat is safe from future loss because of an accident.
Step 4: Do research on Laundromats in your area before opening one. You might want to expand your future Laundromat to be a partially automated or fully automated one that includes extra services such as dry cleaning or pickup and delivery.
Step 5: Before opening your own Laundromat, you will need to decide whether you want to make your Laundromat an independent business or a franchise partnered with a name brand Laundromat business, promising higher profits, with lower investments initially.
Step 6: Always make a business plan before opening your own Laundromat since you will need to have of strategies to compete with other companies in your area.
Step 7: Advertising plays a big role in every business and is one of the highest costs to ensure success. Allocate at least 1/3 of your initial startup cost to this area.
One of the best ways to be successful in any business newly started is through the process of “Franchising.” Remember step 7? You can cut that cost to hundreds of dollars in the initial stages, instead of thousands by franchising. Why? Because by buying a franchise you are buying a successful advertising and marketing plan. These companies already have a well established name, well recognized for quality and service. Franchising also helps with steps 1 through 6 as well. They have working business plans and a solid marketing strategy.
JD Files is an accomplished website developer and author. To learn more about wash-and-fold [http://laundromat-franchising.com/wash-and-fold] visit Laundromat Franchises [http://laundromat-franchising.com/] for current articles and discussions.
Article Source: http://EzineArticles.com/expert/JD_Files/239107
Article Source: http://EzineArticles.com/1488994