How Do I Open a Brand New Laundromat When I’m on a Budget?

Is there a real need for a new laundromat in your city?

There are almost 20,000 laundromats scattered throughout the country right now. But that doesn’t mean that every city has enough laundromats to go around!

If your city falls into this category, you should seize the opportunity to become a small business owner and open up the best laundromat possible. It’ll help both your city and the laundromat industry as a whole at the same time.

Here is how to open up a new laundromat even if you have to stick to a tight budget while doing it.

Shop Around for the Right Location for a New Laundromat

One of the biggest expenses that you’re going to face when you open up a new laundromat will be your rent. If your rent is sky high, it’s going to make it tough for you to turn your operation into the best laundromat that you can.

With this in mind, you should shop around for the right location for a new laundromat. You should look for a commercial rental space in a place that’s going to have plenty of clients nearby (college kids, people who live in apartments without washers and dryers, etc.).

As long as you spend enough time looking, you should be able to track down the right location for your new laundromat.

Consider Investing in Used Laundromat Equipment

Many new laundromat owners think that they need to snatch up all the best laundromat equipment to run the best laundromat. But this isn’t always the case!

Sure, it would be nice for you to have all the latest and greatest laundromat equipment at your disposal. But if you can’t afford to buy this kind of equipment right away, you can get away with using used laundromat equipment at first.

Just make sure that you see how to book commercial laundry repair here in case you ever experience any issues with your laundromat equipment.

Come Up With Clever Marketing Schemes for Your New Laundromat

When you first open a new laundromat, you might not have the funds to buy up ad time on your local TV and radio stations. Instead, you’ll have to find clever ways to market your laundromat to those in the surrounding area.

How about getting out there and hanging up flyers in front of college dorms and outside of apartment buildings? It’ll cost you next to nothing while still helping to spread the word about your new business.

You Can Get a Great Laundromat Up and Running in No Time at All

You don’t need to spend a small fortune to get a new laundromat off the ground. You can do it by simply following the steps that we’ve listed here.

Once your new laundromat starts to enjoy some success, you can begin to invest more money into it. But at the start, there is nothing wrong with taking things slow and getting creative to make your new laundromat work.

Get more advice that will help you as a small business owner by browsing through our other blog articles.