For any aspiring launderette owner, there’s a lot to consider. From choosing a prime location to offering the right services and ensuring you have an adequate amount of easy to use, high quality equipment on-site to do so, it all counts- especially with the estimated cost of setting up a launderette being between £60k and £100k.
As the experts in providing commercial laundry equipment and managed launderette services, we know exactly what you need to ensure your business is a success. Here’s how to get started.
Location, location, location
Firstly, you need to ensure that you’re located in a convenient, busy area (on a high street, for example) where you’ll receive plenty of exposure from potential clients passing by.
Choosing an area where you can provide your own parking, or simply being located near a public car park, is also highly advantageous as it will enable you to offer a drop-off and delivery service.
To easily maximise your revenue, it’s desirable to have a mixture of renting tenants and privately owned properties nearby, and it’s even better if there’s a large bed-sit area or college where students invariably reside. However, bear in mind that campus launderettes will be your main source of competition, so it’s important to have an idea of what they offer and how you can go beyond that.
Equipment and services
As a launderette owner, your main aim will be to maximise revenue generation. The three main revenue streams for a launderette are:
• Customers doing their own laundry
• Customers dropping their laundry into a launderette for a service wash
• You, as the business, providing a collection and delivery service
A basic sized launderette will generally house 6 to 8 washing machines and the same number of tumble dryers. However, to further broaden your services range, you should check that your launderette has an adequate supply of table ironers and finishing equipment, including shirt toppers.
As well as everyday laundry, other popular items requiring washing include duvets, horse blankets and sports kits (sometimes a whole team’s!), and you should make sure that your washers and dryers are of various capacities to cater to the needs of larger loads. Additionally, for more delicate items, offering a dry cleaning or wet cleaning service is the best option.
With rising utility costs being a hot topic at the moment, you should also try to consider saving money wherever you can.
One way to help your cash flow is by renting, rather than buying your equipment. As your renting costs will be spread across the lifeline of a contract, which could be over a period of up to 8 years, budgeting will be one less worry when you’re trying to establish your business.
And, with a service contract from Laundryserv, you’ll incur no extra charges on repairs (parts and labour) and be given the ability to easily upgrade your equipment when it becomes outdated.
Want more help? Click here to download our Guide to Setting up a Launderette