Investing in a business can be quite exciting, but also stressful and overwhelming. Becoming an entrepreneur is a great opportunity, especially if the business you are investing in has the potential to be very profitable. For those who are unsure of what they're interested in opening business-wise, you might consider a laundromat.
Why? It's a great and profitable venture. T&L Laundry Equipment, the number one Speed Queen Dealers in North Carolina, has put together a great list to explain why!
Why Opening an Laundromat is Smart Investing
The average laundromat sees at least a 20 percent return on investment. Depending on the area, up to 35 percent of return on investment is possible. This is much higher than the average small business opportunity. Even more, owning a laundromat offers independence, low cost and flexibility. A laundromat is also a great investment even if the economy isn't doing well. Everyone needs a place to wash their clothing when they do not have access to washers and dryers in their homes, especially those who live in apartments or extended-stay units. Even people with in home washers and dryers occasionally need to launder large or bulky items at a laundromat. There'll always be a need for a laundromat, even in a recession.
For more than 60 years, laundromats have been a great business venture. The start up costs are low, financing is available and the success rates are amazing.
Laundromats are also a type of business that allow owners to have a personal life, outside of work duties. Believe it or not, more than half of laundromat investors consider their business a part-time job. Because it can run itself, you're not required to be there for long periods of time. Of course, there are times when you will be needed in store but, you can make your own hours and work around your personal and family life.
Most laundromats have close to a 90% success rate because of a stable customer base. Would you believe that almost 100% of guests become repeat customers? That's right. You're able to maximize profitability because your customer base remains so loyal.
If you're interested in learning more about opening a laundromat be sure to contact T & L. We offer affordable laundry equipment and have the ability to also offer financing.
Affordable Speed Queen Dealers in North Carolina | T & L Laundry Equipment
T & L has been in operation for 40 years. Within that time, we've worked hard to offer the best machines for the best prices. We believe in our products and are excited to share them with you. The benefits you’ll gain from trusting our washers and dryers are incomparable. Our products offer the following advantages:
- Easy to install and use
- Saves washing and drying time
- Saves money
- Saves energy
- Easy to clean
- Comes in a variety of sizes and capacities
If you’re ready to talk with T & L about purchasing washers or dryers, contact us. We are here to help you with all your Speed Queen Laundry equipment needs. Don’t hesitate to call with any questions or concerns you might have about our products. We hope to work with you soon, to help you start saving time, money and energy with the best equipment on the market! When you're searching for affordable Speed Queen dealers in North Carolina, call T & L.