As a great startup commerce, laundromats offer an opening for those who’d like to own a small business. While many choose to purchase an up and running company, it is beneficial to start from scratch and build yours on your own, especially with help from T & L. Our vended laundry equipment is second to none. With quality equipment and services that are geared toward helping business owners, you’ll have your laundromat operating in no time.
Whether you’re purchasing a ready-made laundromat or building your own, there are a few things to consider first. If you're thinking about buying coin operated washers and dryers in Raleigh, NC, or other locations around NC and SC, call T & L first. You'll save time and money.
Things to Consider When Opening a Laundromat
No matter where you plan to house your laundromat, you’ll have water management issues to contend with. With that in mind, consider talking with the water company about previous usage in that same location, especially if the building you’re interested is already setup for a laundromat.
If you notice unusually high water bills after talking with previous tenants and the water company, it’s safe to assume there are some issues with the plumbing. You might also do an inspection on the equipment. Whether it’s a leak or inefficient washers, you will be able to learn a great deal from previous usage.
It’s likely you’ll be renting a location to house your business. This is one of the largest overhead costs for the company, so it’s important to consider every factor of this contract. Depending on the pricing, location and more, you might find that the cost of a monthly lease could make or break your laundromat.
Because laundromats have a great deal of plumbing and wiring demands as well as large equipment, it’s not easy to pick up and move if you realize later the lease isn’t going to work out. That’s why taking time to consider various lease options is key.
Make sure you enter into a lease that will help you get a nice return on your investment. You’ll need to ensure you can get a contract for eight to ten years. Businesses that can stay in the same location for up to fifteen years will have an even bigger advantage.
Not sure how much you should be spending on a lease? Consider 17 to 20 percent of the overall gross revenue. That should leave you in a good place with a bit of wiggle room. Anything more than that might be too much risk.
Need Coin Operated Washers and Dryers in Raleigh, NC - Or Your Town?
Call T & L!
Consider working with T & L for all your laundry equipment needs. Not only do we offer the best washers and dryers on the market, we also offer engineers, in-house, that will work with you to design your very own laundromat. Our professionals have extensive laundromat planning experience, from location scouting to service evaluation and more. We can even supply you with high quality coin operated washers and dryers in Raleigh, NC, and other cities in North and South Carolina.
We also go above and beyond to analyze competitor’s machines so that we can ensure you’re buying the best when choosing to work with T & L. Contact us now to start planning and designing your brand new laundromat! Financing is available.
Be sure to check out the following links to learn more about things to consider when opening a laundromat!