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” Before you purchase your store, consider these factors: COMPETITION Who will you be up against?If there are already multiple laundromats in the area, opening another would be very risky unless those laundromats are in very bad shape or have a poor reputation.
For some of you, this may be your first stop after googling information about laundromats and you’re still trying to figure out if a laundromat is the right business for you, or if you even want to own a business at . Or maybe you know you want to own a laundromat, but are struggling with where to begin.If you use energy-efficient machines, you might have a high initial cost but lower bills thereafter.Will you need to hire part-time workers to keep the store clean and handle other basic duties? You may need to consult a bookkeeper, accountant, and/or marketing professional as well.Plus, as with any small business, what you put into your enterprise will have a great impact on what you get out of it.So you may be wondering what the features and aspects are that influence the answer to the question, “How profitable is a laundromat business?EXPENSES Your profits will heavily depend on your expenses.For example, how much will you be paying for electricity and water?So I let the phone ring and just as I’d hoped, it went to voicemail.I left a brief message explaining who I was and that I was interested in getting more information about a local laundry that was for sale.The whole time completely unaware that behind the scenes we were celebrating his arrival, as our official first customer.It includes all kinds of bonuses – a download of the spreadsheets, calculators and formulas we used to find, analyze, purchase and operate our own stores, and a ton of other good stuff.