Washing Machine With Dryer For Laundry Business
Write a Business PlanWrite a business plan. Describe the way your business will run in writing.
Introducing Electrolux Professional Coin Laundry washing machines for your laundromat business. Electrolux Professional Coin Laundry washing machines have high-speed extraction and remove more water from the laundry resulting in shorter drying time and significant electrical and gas savings.
List the services you will provide, including specialized ones such as wash-and-fold, pickup and delivery. Determine your target market – college students, apartment building residents, busy professionals – and research how well other laundry businesses in your area are meeting this population’s needs.Brainstorm ways that you can distinguish your business from competitors, such as offering lower prices, specialized services or a more inviting area for customers. Describe your marketing plans, pricing and supplies you’ll need, such as detergent vending machines, washers, dryers and folding tables.
Find an Appropriate LocationFind an appropriate location. Choose an area that is accessible to or populated by your target market. Rent a space near apartment buildings to attract customers who do not have laundry machines at home. Avoid opening a store with nearby competition.Select a location with off-street parking, if possible, for customer convenience. Buy an existing laundry business to save time and money locating equipment. Purchase Necessary EquipmentPurchase necessary equipment. Order washers, dryers, coin machines, laundry carts and detergent vending machines.
Search online auction sites for deals on used equipment. Buy top-load washers to save money.According to Entrepreneur, these cost $500 to $700 apiece, while front-load washers can cost $3,500 to $20,000 each. Consider purchasing a card system rather than a change machine, as cards will track the number of loads a customer has done and allow you to change your prices more easily. Secure Permits and RegistrationSecure permits and registration. Visit your city clerk to apply for a business license. Ask if your municipality requires you to have a health department license, fire department permit or air and water pollution control permit.
Pay any sewer connection and waste water fees required by your city clerk. Market Your Laundry BusinessMarket your laundry business. Advertise locally by placing door hangers on apartment building doors. Include a list of your services and offer coupons to new customers.
Differentiate your laundry business from your competition by emphasizing any specialized services or perks, such as televisions, free wireless Internet and couches. Hang fliers on local bulletin boards and place ads in print or online newspapers.
Building and Property CostsBuilding costs include the value of the property and the price of remodeling: if the building was not originally a laundromat, you may need to install new water pipes, electrical outlets and sewer access to accommodate the new washing functions. The average laundromat space costs between $200,000 and $500,000, and renovations to the site may cost another $100,000. If you are purchasing an already functioning laundry business, your costs are simply the value of the business, which varies depending on success and location. Material and Personnel CostsYou have the option of either purchasing or leasing equipment for a laundry business. The price of commercial washing and drying equipment ranges from $150,000 to $450,000, depending on the sophistication of the equipment and the size of your laundromat.
Washing Machine With Dryer For Laundry Business For Sale
Laundromats require little attention from personnel, but a dry cleaning business needs friendly, competent staff to be successful. Evaluate your personnel needs and add them to your start-up costs: laundromat employees may work for a wage, but dry cleaners may need a salary. Licensing and Regulatory CostsOwners of a laundry business must obtain several licenses before they open.
Washing Machines Dryers Sets
In addition to a general business license, you may need a water pollution control permit, a sign permit and a permit from the health department if you plan to serve food; some laundromats offer food from vending machines. Permit prices vary from county to county, but they may be significant. Financing and Investment CostsEntrepreneurs starting their own laundry business may finance the operation through a traditional loan or investments from business partners. Investments initially cost less than loans because the investor requests a partnership or partial control of the business in exchange for no interest payments; however, your long-term profits diminish with every partner you acquire.In-house financing from a manufacturer of laundry equipment is the most expensive financing option because the manufacturers acquire money from a lender and then lend you the money at an even higher interest rate. Always factor total interest payments into your start-up costs.