Opening a laundromat is a wise investment. It’s a great industry with a very high success rate. It’s difficult to have a failing location. One of the reasons why is due to the fact that T & L goes the extra mile to ensure every laundromat we work with has the ability to grow and continually succeed. Below, you’ll find a few advantages as to why opening a new laundromat or buying an existing one is a wise investment. If you're searching for the best commercial coin operated laundry equipment in Charlotte, NC, or anywhere in the Carolina's, call T & L. We'll save you lots of money and won't waste your time.
Laundromats Are Wise Investments
- There’s a slow and steady, recurrent income. This is even true in times of economic downturn or recession. Why? Clean laundry is a necessity of life.
- After breaking even on your initial investment, up to 80 percent of the income is profit. This can be in part because of utility efficiency. Machines are energy efficient and work quickly to wash and dry. That means less energy used and more customers served.
- There are always tax advantages for any small business, as well. This is especially true when energy savings are a possibility. Depreciation of equipment is also possible for tax advantages.
- A laundromat is typically a cash paying business. Even more, customers prepay before using your service. This means there’s no need for accounts receivables.
- Little to no labor. There’s no need for multiple employees. The equipment for customers is self-serve. Because of this, there is little to no inventory to manage, as well.
- Opening a laundromat is easier and less stressful than other businesses. T & L makes sure this is the case. The business model is easy to understand and work with.
- Even more, there’s an above average return on investment. Because of this, many operators seek additional locations shortly after obtaining or opening their first store. It’s a great way to invest money and become a successful business owner.
Outdoing the Competition
In the beginning of the overall process of opening a laundromat, T & L is there. We walk you through each and every step of the way. Newly opened stores are thoroughly inspected prior to construction. We go beyond what our competitors do and ensure that a startup laundromat has everything they need from the choice of location, distributor choice, financing abilities and options for your commercial coin operated laundry equipment in Charlotte, NC, or your area.
Our sales process sets us apart from the competition in several different ways. One of the most important ways is that we take into consideration your specifications for a business. Considering what budget you have to work with, the area you’d like to be in, desired income and size of the store are all part of the initial sales process. Then, we work hard to help you find a great location.
If a location is already chosen by the time you begin working with us, T & L will survey it for feasibility, explain the potential costs and requirements that might be necessary to turn the location you choose into a successful laundromat. Even more, we provide a credit application and assistance in getting started if financing is needed.
Next, T & L will provide a floor plan and equipment list, based on your space and budget. We will also work to offer recommendations and specifications that are needed when it comes to analysis of the area and demographics.
Once the location is set, a floor plan is developed, financing is in place and a deposit is provided for the lease or property and the purchase or rental details are worked out, T & L provides an experienced architect and contractor who will make the plan a reality. We help with construction, equipment delivery, installation and setup.
After all of your commercial laundromat equipment has been installed, we then coach business owners and operators, as needed, on everything from opening the business, maintaining the machines, repairing and more.
You might be wondering how long it takes to get the beginning stages of the overall sales process completed. This depends on a variety of things including but not limited to the following:
- Availability of the site/location
- Swiftness of lease and credit application process
- Availability of the business owner to meet and sign documents, provide information and work towards getting the beginning stages of the process situated.
Many stores take between four and six months for the overall sales process. This is from the beginning planning and design stages to ordering and installing machines and then opening the doors to your new business.
However, as we mentioned, each situation is different. Many factors come into play when it comes to opening a business from scratch.
A Partner You Can Trust
The most intensive part of the process is the initial stages. Establishing a relationship with a distributor is also intensive and essential. Once this takes place, the process begins to quicken. Once a location is found, T & L can provide credit paperwork, instruction, demographics, basic store layouts and equipment suggestions in a timely manner. Once the process is started and the architect is hired, the business owner can take the time to relax and watch things come together.
Our honest, down to earth approach is important in our overall process. It’s how we stand out above the rest. We suggest the best options for your business. We don’t have a one size fits all approach to our process. It’s different for each business we encounter. That’s because every company has different goals in mind. They also have varied needs.
A smooth, effortless process of planning, designing and opening a laundromat should be a priority for everyone. With T & L, that’s possible. The average business owner needs help working through the overall process, explanations and advice as well as help understanding each type of machine available and why it might be better for their situation.
We Offer More Than Commercial Coin Operated Laundry Equipment in Charlotte, NC
Opening a laundromat is more than just buying washers and dryers. It’s more than putting them in a building and hanging an “open” sign up. There are costs, competitors, and pitfalls. A first-time business owner and buyer can’t afford to wing it and hope for the best. They deserve to work with the best.
T & L takes the time to seek what's best for our customers. That means finding a longer warranty for machines, going above and beyond in helping out with troubleshooting, repairing and even researching problems that need a fix. We work to save consumers time, effort and money. Our hands-on approach allows us to not only help us provide a turnkey laundromat but to also help install, maintain, repair and learn to use the equipment. If you’re ready to start a new venture opening a laundromat, contact us.
