Although you can make a decent profit from a well-kept laundromat, if you want to remain competitive and attract more regular customers, you need to increase your laundromat’s appeal. You could offer additional services, provide entertainment, or simply invest in better equipment and decor. If you want to learn how to increase your laundromat revenue, use the tips below for help.
How to Increase Your Laundromat Revenue
Since the laundromat industry is quite competitive, learning how to increase your laundromat revenue is vital. With a little effort, you can easily raise your company’s profits and enjoy a thriving business.
Install Vending Machines
People often get the munchies as they wait for their laundry to dry. To please your customers and increase your income, consider buying or leasing vending machines. In addition to vending machines with snacks and beverages, you could install a machine to sell laundry supplies. Then, when your customers forget to bring their own supplies, they can buy your mini packs of laundry detergent and fabric softener.
Many parents struggle to keep their children pacified while they do their laundry. If you offered arcade games like Pacman or pinball, you could entertain children, please parents, and increase your revenue in one fell swoop. Contact a local vending company to explore your options. You should also considering installing a TV, radio, and/or WiFi.
Add ATM Machines
As with other vending machines, you have the option to buy or lease an ATM. If you purchase a unit, you will retain responsibility for keeping it stocked with money. However, you will also receive all of the customers’ fees. If you lease a unit, it will be maintained by another party, and that party will split the fees with you.
Not only can an ATM provide additional revenue, but it also helps customers who are a little short on cash. Each transaction generates profits, which means that high-traffic locations will receive top revenue. Finally, remember that ATMs do pose a risk for theft, making a strong security system crucial.
Provide a Wash-and-Fold Service
In many markets, customers are willing to pay extra for a convenient service like wash-and-fold. They will drop their dirty laundry off in the morning, and your employees will wash, dry, and fold it before their scheduled pick-up time. If you’re wondering how to increase your laundromat revenue, this is a great place to get started.
Maintain High-Quality Machines
Time is a commodity. If you can get customers in and out of your facility quickly, you are sure to keep their business. Thus, we encourage you to invest in numerous high-quality and efficient machines from a reliable distributor.
If you’re interested in opening a laundromat, be sure to check out Laundry Solutions Company, a full-service provider of premium vended, on-premises, and multi-housing commercial laundry equipment. Since 1976, we have been providing exceptional sales support, laundry design services, commercial laundry equipment (and leasing options), and laundry equipment service and parts. To learn more about our products and services, please give us a call at 800-383-9274 or contact us online. We look forward to hearing from you!