There are many ways to add profits to your laundromat. One of the most common ways is to put vending machines in your waiting area. You can fill them with snacks and drinks that customers can enjoy while they're waiting on their laundry. It seems like an easy way to earn extra money without having to do much other than maintain the machines. While there are several advantages to owning your own vending machines there are also a few disadvantages, as well. Below you will find the pros and cons of owning one for yourself. If you need new or used commercial washers and dryers, skip the Dexter dealers in Raleigh, NC, and call T & L instead. We offer the best deals on Speed Queen and Continental, and we will save you time and money.
Advantages
First and foremost, you will be offering your customers better service. Sometimes customers need to do their laundry on their lunch break. Having vending machines available will provide guests with something to eat and drink while they're waiting on their laundry. Improved service is always an advantage and will help you gain repeat customers.
Owning your own vending machine will also offer a higher profit margin. You'll be making all the money these machines bring in, minus what it takes, financially, to stock them.
You'll also be able to set your own pricing for the snacks and drinks. Working with a company to lease machines might result in less profit due to set pricing from that company.
Product selection might also be limited when working with another company to furnish the vending machine. When you own your own machine you can find out what customers love and make sure you stock the machines with those products.
Disadvantages
Of course, every great thing comes with a few disadvantages. When owning vending machines, you'll need upfront money to buy them outright. This can be costly and for those with a tight budget purchasing might not be a possibility.
When you own the machines, you'll also be required to repair and maintain them on your own. While it's doubtful they'll need repairs often, there is an added expense when they do need some work.
As we mentioned above, owning your own machines means you can choose the products you prefer to sell. But, this can also be a disadvantage because you must be willing to buy products and stock the machines regularly. There won't be anyone to do this for you as there would be if you were leasing from a company.
Most businesses worry only about the upfront cost. This is the most complicated part of owning your own vending machine. However, there are companies out there that sell them at discounted prices and those that will work with you to set up a payment plan. Finding what works best for you is key. Look at every aspect of this situation and decide whether or not owning the machines outright will be better for your company or not.
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Ready to jumpstart your way to owning a laundromat in your area? Trust T & L to help you get it going. Even though we're not Dexter dealers in Raleigh, NC, we will work with you from the beginning on all aspects of opening and operating your business!
We have engineers on staff that are familiar with the designs and needs of laundromats. In addition, we have architects that have extensive design experience that can offer attention to detail in the planning of your business. This, combined with our location finding assistance and evaluation of demographics for the area, provides unparalleled service.
You’ll find that we go above and beyond to help you open your business without any issues. Even more, we strive to analyze the competition, including their equipment and location. Our goal is to make your business successful. For more information or to ask any questions, contact us. Did you know we offer financing for your new venture? That's right. Be sure to ask about that, as well! We're at the top of the list for Speed Queen dealers NC companies so call right now!
