If you want to own a laundromat and have considered the initial steps of the process, which we outlined in the last post, there are still other things to think about. Once you have a business plan, have decided which type of business you want (independent or franchise), if you will hire employees, and what type of washers or commercial dryer in Raleigh, NC you're buying, there are still some other questions you may ask yourself.
From investment costs to needed space to how to market your business, there are a lot of other things to consider. Let us help you by answering a few common questions!
When you're ready to start researching brands for a washer or commercial dryer in Raleigh, NC, call the experts at T & L. You'll appreciate our 40 years of experience.
Want to Own a Laundromat? Consider These Other Factors!
How much of an investment will it be?
It depends on whether you are starting from scratch, buying an existing business or working with a franchise. The average range is $100,000 to $300,000. If you have to do renovations to an existing space, that could cost up to $200,000 more. If you buy a successful existing business, you will pay more than if you buy one that may not be bringing in much revenue.
Where should it be located?
If you are building from the ground floor you have the option of creating a stand-alone business or being in a shopping center. Location is important, so if you can’t find space available in an existing shopping center, building a stand-alone might be a good option. You can choose where you want it to be, and factor in the surrounding area. Does it have apartments? College students?
How much space do I need?
Laundromats range from 1,500 sq. ft. to 6,000 sq. ft. The average is somewhere in the middle.
How much equipment do I need?
The number of washing machines and dryers you will need depends on the floor space you have as well as the type of machines you purchase. You will want to have enough to service the potential customers in the neighborhood, but you do not want to have too many. Unused machines are a waste of an investment. You have the choice of getting new equipment or used equipment. Newer models are more energy efficient and will do loads of laundry faster, getting your customers in an out quickly.
What hours should I keep?
It’s up to you and whether or not you have employees. The longer you are open, the more flexibility you give your customers and the more customers you are likely to get. If you decide to have attendants, you do not have to have them around the clock even if you are a 24-7 laundromat. They can just work peak hours.
What permits will I need?
You may need other licenses aside from a standard business license in order to operate. Depending on your city and state laws, you may need additional permits such as water pollution control permits, sign permits or a permit from the health department if you have food other than vending machine snacks.
In the next two posts, we're going to shift focus a little and touch on hiring employees for your laundromat. We'll be specifically discussing the differences between contracting and hiring as W2 employees.
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Are you ready to open your very own laundry facility and need new equipment? Let us help with your plans so that you can choose the right commercial washers and dryers for your business’ needs. We serve industries such as healthcare, hospitality, correctional facilities, fire departments, fitness centers, hair salons and food service as well as laundromat owners. Call us at T & L Laundry Equipment today to buy an industrial washer or commercial dryer in Raleigh, NC, that you can depend on.
