If you want to be a business owner but don’t want to invest a lot of time, purchasing a laundromat could be a good option for you. There are many benefits to owning a laundromat, including being able to generate passive income and not having to be onsite daily. You can own a laundromat and have other jobs, or have time to spend with family.
Here are the first steps to owning a laundromat! For the best Speed Queen dealers NC has to offer, call T & L! We can save you time and money when buying or starting a new laundromat.
The First Steps You Need to Know About
1. Any good business needs a good business plan. If you aren’t familiar with writing a business plan, you can find a DIY kit available online, or you can hire a consultant to do it for you. If you are going to get a loan for your business, or if you are considering asking for investors, a business plan can give potential partners an outline of what you plan to do. It can also serve as a guide as you start and continue on in the business.
2. Think about the type of laundromat you want – will it be an independent one, or do you want to open a franchise? You will have the freedom of running the business the way you want if you open one on your own, but you may get financial support if you go with a franchise. You will also generally get marketing and advertising services, and if the brand is well-known you will have the backing of a reputable brand name.
3. If you decide to open one independently, you will have to decide if you want one that is automated or partially automated. You can offer additional services, too, such as folding, drop off service or pressing services. If you offer those services, you will need to hire employees. That is another cost to consider. Will they be full-time or part-time? Do you want to hire an independent contractor or a W-9 employee?
4. Buy or build? You can build a new laundromat from the base up, which means you can pick the location you want. However, it is a much larger investment because you will have to build the laundromat if you choose a stand-alone, or remodel the inside of an existing store, plus purchase and install equipment. T & L Laundry Equipment has been helping people build laundromats for 40 years, so you can give us a call for guidance!
5. Whether you build a new storefront or buy an existing one, you will need to purchase equipment. There are models with new features on the market now, so you can offer your customers the best available. Many units have card readers rather than coin-operated machines, which can give you an advantage over competitors. There will also be consideration of other equipment for the laundromat, including vending machines, televisions, or other amenities you may want to have.
Be sure to visit back with our blog each day to learn more about opening your very own laundromat. This whole month will be dedicated to helping you learn the ins and outs of what this type of business venture takes to succeed. In tomorrow's post, we'll be covering a few other factors you'll need to consider before making moves.
Affordable Speed Queen Dealers NC | T & L Laundry Equipment
Are you interested in buying new Speed Queen washers and dryers for your business? We can help you make the right decision. From replacing old units to helping you build a new facility, our years of experience and knowledge can help you make the right choice for your business. Our solutions are customized based on your business’ needs. For over 40 years, we’ve been providing excellent service and support in the commercial laundry industry. Give us a call today to learn more about the best offers on commercial laundry equipment for grand opening. We're at the top of the list for Speed Queen dealers NC companies!
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