How to Make a Small Laundromat More Profitable
There are several options available to someone who wants to make a small laundromat more profitable. The choices include: offering a drop-off service, installing vending machines, and increasing the attractiveness to beat out local competition.
People are literally stuck for one to two hours while they wait for the machines to wash and dry their laundry. Take advantage of their situation at little or no cost to the owner.
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Offer a drop off service for customers who do not want to wash their clothes. Laundromats can increase their profits by offering a drop-off service. Customers will bring in their laundry and pay to have it washed. One option is to charge by the pound for this service. The laundromat owner can wash the clothes when machines are not being used by self-service customers.
Normal considerations include scheduling drop-off and pick-up times. Prices should reflect the cost of detergents, use of the machines, and any labor.
Another service to consider is offering custom ironing for those utilizing the drop-off service.
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Install vending machines to make a small laundromat more profitable. Vending machines can be purchased, rented or installed by a third-party, depending on the amount of capital the owner has.
There are different types of vending machines. Vending machines sell small supplies of laundry detergents and fabric softeners are an ideal way to start.
Consider a vending machine that offers water and soft drinks. Soft drink companies will often provide free vending machines if you purchase their products for use in the machines. There are also snack vendors who will install free machines and maintain them while splitting the profits with the owner of the laundromat.
Arcade style games are another attractive alternative to make a small laundromat more profitable. People can become bored while waiting on their laundry. They usually have several quarters in their pockets and are happy to play a game or two while they wait.
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Install attractions to make the small laundromat more profitable. Added attractions such as wireless Internet or cable television will attract customers to a location compared to a competitor who does not offer these free services. If the owner provides free entertainment for their customers, the customers will be more likely to return the following week.
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References
- Photo Credit laundromat image by Scott Patterson from Fotolia.com
