Starting a laundromat business can be a rewarding venture, especially when done right. It’s a stable, profitable business model that offers long-term growth with minimal risk. In fact, the laundromat business is often considered recession-proof due to its necessity—people always need clean clothes, no matter the economic situation.
However, like any business, starting a laundromat comes with its unique set of challenges. But there are key steps and considerations you need to know, so when you start your laundry business, you have a higher chance of making it a success.
And when you partner up with a trusted supplier like Garment Machinery, we can give you options that will give your laundry service an advantage over the rest.
Why Start a Laundromat Business?
The laundromat business is one of the most stable and profitable industries, largely because of its repeat customer base. Most laundromat customers visit weekly, ensuring consistent revenue streams.
Unlike many other businesses, laundromats are relatively low-maintenance once they are set up, requiring minimal labor and no need for managing complex inventories. There are other concerns, such as knowing the average cost to start a laundromat , or the number of machines you need to start one.
However, knowing the benefits of starting a laundry service can be an attractive option to any entrepreneur who is starting out. These include:
No franchise fees required.
Independent laundromats don’t require a franchise license, making it easier to enter the market.
No inventory management: Laundromats don’t deal with perishable goods or products that need regular restocking.
Low labor costs.
Most laundromats are largely self-service, reducing the need for full-time staff. Additionally, laundromats are recession-proof because people will always need access to clean laundry, making them a resilient investment in almost any economic environment.
Partnering with Garment Machinery: A Smart Start
If you’re serious about starting a laundromat, working with a reliable partner like Garment Machinery can make the entire process much easier. We offer top-tier equipment from brands like Electrolux and Wascomat, known for their durability and performance in coin laundry operations. But that’s not all we offer.
Our long-standing partnership with Laundrylux allows Garment Machinery to provide a range of business services, including financing options, free marketing support, and business planning services. We help you do the following when starting your business:
Develop a Business Plan
Like any business, starting a laundromat requires a solid business plan. Garment Machinery can help you create a comprehensive plan that covers every aspect of your new business — from determining the number of washers and dryers you’ll need to estimating your operating costs.
We can also help you with understanding your target customer and competition, analyzing your location, and determining the number of machines you’ll need to meet customer demand. Once done, we can help you make projections and help you know the average cost to start a laundromat.
Secure Financing
Financing is one of the biggest hurdles for new laundromat owners. Fortunately, Garment Machinery, in partnership with Laundrylux Funding Services (LFS), offers flexible financing solutions designed specifically for laundromats.
LFS offers favorable loan terms with quick approvals—often within 24 hours. Whether you’re opening a brand-new laundromat or upgrading an existing one, LFS can help you secure the funding you need to succeed.
Laundrylux Funding Services has flexible programs and low-interest rates, so no matter what type of business you have in mind, they offer options that can kickstart your laundry business. They also have the expertise you need to know in the industry, helping you get the right loan for your business model.
Choose the Right Equipment
Garment Machinery offers a wide range of commercial washers and dryers that are both durable and energy-efficient. We offer our partners machines from brands that are renowned for their reliability and ability to handle the high demands of a laundromat business.
If you’re worried about costs, consider Wascomat’s Crossover washers and dryers, which provide the durability of commercial machines at prices closer to residential models. These machines are ideal for smaller businesses, apartment buildings, or even hotels and campsites that want to offer laundry services.
Marketing and Promotions
A successful laundromat relies on loyal, repeat customers. Even though laundromats tend to have built-in demand, effective marketing can help you stand out from the competition. This is where Garment Machinery’s partnership with Laundrylux Creative Services shines.
Garment Machinery helps its partners to promote and market laundry services, and also offer free store design services as part of promotions and marketing. Through our Laundrylux Creative Services (LCS) division, we offer designing interior layouts that maximize customer convenience to eye-catching exterior signage that draws people in.
LCS also provides templates for advertisements and promotional materials, giving your laundromat a polished, professional look right from day one.
Start Your Business Now with Garment Machinery
Our partnership with Laundrylux ensures that you’ll always have access to top-notch machines and financing options to help you scale.So what’s the average cost to start a laundromat? It all depends on what kind of laundry service you want to start.
Contact us now so you can gain access not only to industry-leading equipment but also to invaluable business services to make your initial dip in the laundry business a success. With our support, you’ll be well on your way to building a successful, thriving laundromat that serves your community for years to come.
