Coin Card Laundry Business: 2016

Friday, November 4, 2016

Wednesday, April 13, 2016

Investment in the Laundromat Business

The Market

We believe ownership of a self-service laundry has considerable advantages to provide to those drawn to the notion of operating and managing their own business.

We cater to the essential need of fresh laundry. Most industry experts say there are roughly 34,000 self-service laundries just in North America. These stores yield about $8 billion in retail sales and provide service to about 30 million people.

The Customer

The ultimate point is that everybody does laundry. Every one of us uses either our own laundry machines or someone else's. If you own your home, you probably have a washer and dryer of your own, though you may clean bigger items in a self-service laundry.

If you attend school, you probably use machines on site, or a self-service laundry. If you're a renter, on occasion you rent machines or use a self-service laundry. If you are traveling, on vacation, or otherwise far from home, you'll hope to find a nearby self-service laundry.

Self-service laundries provide for people who require temporary laundry equipment rental. They'll compensate you for the chance to use your washers and dryers due to their having no other machine access. The cost of the wash and dry to the customer reimburses you for your lease, utilities, employees, and other costs as well as profits.

Occasionally customers will use your laundry because of added capacity. They may have use of a single washer and single dryer, but you have a number of them. By utilizing all of your high performance machines, they can spare time. Those who rent apartments might have access to equipment, but that equipment might be shared with several additional tenants. A majority would prefer to use your laundry rather than wait for machines to become free in their apartment building.

The Opportunity

So, how do you get the most from investing in a self-service, coin-operated laundry?

Pick a good location.

- Placement near a concentrated population.

- Ease of entry and exit.

- Secure and plentiful parking.

- Manageable leasing or acquisition cost.

Consult with a qualified equipment distributor.

- Use only well-regarded companies that are disposed to sharing actual customer testimonials.

- Look for well-established businesses, and become acquainted with your distributor.

- Pay attention to your laundry equipment distributor’s advice and avoid installation shortcuts.

Use modern equipment

- Conserve water.

- Conserve electricity.

- Conserve gas.

- Cut down on cycle times to get the greatest customer turnover.

- Diminish downtime to grow customer satisfaction.

- Expand capacity to gain new customers.

- Provide a choice of payment methods to bring in more money.

We hold that to surpass others in the self-service laundry business you must make doing laundry as convenient and swift as you can. Make it simple to locate your store, to park and get access to the machines (automatic doors). Offer a secure environment. Keep your machines in working order, and expedite change making coin operated laundry machines or implement a card operated laundry system. Put large-capacity washers close to the front of the store and dryers along outer walls. Make sure laundry carts and spacious folding areas are available at all times. The key to success is steadily taking care of happy customers.

The Advantages

- The self-service laundry business offers many operational benefits to the small business owner.

- Over time, our industry has survived uncertain economic times and expanded steadily along with growth in the population. Washing and drying clothes is a core component of life and a straightforward enterprise.

- As this is a cash business, customers make upfront payment for services, and accounts receivables are few. Although self-service laundries do involve a capital investment at the start, they demand little effort to run. The machines do the work — and never arrive to work late.

For More Information

AAdvantage Laundry Systems have put together thousands of lucrative self-service laundries. We urge you to find your closest rep and get in touch with them for more information about your local self-service laundry market.

We would welcome you to our industry!