In the first months of 2017, many business investors are looking for ways to diversify their business holdings and increase their profits. Smart investors know that laundromats are a smart choice to add to their business portfolio. Why? Because a laundromat is virtually recession proof - we all need clean clothes - and requires less time involvement than most storefront businesses.
For over 40 years T & L Laundry Equipment has been helping new laundromat owners set up their businesses and launch successful coin-ops all over North and South Carolina. Whether the laundromat you are looking to purchase is established and needs new equipment or you are opening a brand new location - the folks at T & L can help you get exactly the equipment and fixtures your new business needs. We proudly offer in-house financing as well as the latest energy start rated models from Speed Queen. Our selection of seating, laundry carts and folding tables is completely customizable to match the look and feel of your business. Give us a call today and let us put our experience to work for you.
When buying a laundromat there are several key things to take into consideration before you sign on the dotted line. More so than with any other business, you need do a through discovery when it comes to the equipment and fixtures of an existing business. The average commercial washer lasts 10 to 12 years, while the average commercial dryer lasts 11 to 13 years. Choosing to have the equipment inspected thoroughly before agreeing to a deal to buy an existing business is key. The primary assets that you are purchasing in this business are the equipment. T & L Laundry Equipment not only sells commercial grade laundry equipment - we service it too.
If your equipment is older when you purchase your business, we suggest enrolling in our scheduled maintenance plans. These plans allow you to keep your equipment running in top shape, meaning fewer days when your machines aren't making you money. Ask our sales associates for details!
It's easy to overlook the value of a laundromat. If the current business owner has allowed the business model to become stale over time, the full cash flow potential may be untapped. You should be viewing the laundromat in terms of longevity, not just the cash flow and expenses. Survey they neighborhood and community where your potential business is located - will there be sustained demand for your business? Locations near apartment complexes, colleges and universities can be very profitable with some improvements and a great marketing plan.
The biggest mistake that new laundromat owners make is the failure to follow through on their plans. A new business model should be developed while you are in the due diligence stage. Include improvements, new equipment, start up marketing costs and plans to execute all of these things with a specific timeline. These costs should be included in the financing of the purchase of the business.
Following through with these changes and upgrades is critical - the owners who do follow through make and sell for a profit. The longer you wait to make these improvements and changes the more your investment deteriorates - leases get shorter, equipment gets older - the key is to act quickly and get the most for your money.
Financing For Laundry Equipment in Charlotte, NC
The experts at T & L Laundry Equipment have over 40 years of experience in the vended and commercial laundry business. We specialize in products for your entire property - not just commercial laundry equipment in Charlotte, NC! With convenient in-house financing and a wide range of used equipment available - T & L has exactly what your business needs to meet your goals in 2017. Give us a call today and let us show you how you can save money with new energy star rated equipment and make money in 2017!
