With the advancements in technology over the last few decades, laundromats have had many opportunities to upgrade. These updates have typically benefited both the business owner and the customer, improving the speed and efficiency of the process. Embracing change may also help you determine how to differentiate your laundry business from nearby competitors. Use our …
Coins or Cards: Which Is Best for a Laundromat?
As a laundromat owner, you are probably no stranger to the hassle of coins. Of course, collecting them is time consuming, and dirty coins can cause the coin drop to malfunction. In addition, thieves can get away with hundreds of dollars worth of quarters in the night. With all of the negatives of coin-operated laundromats, …
Should Your Laundromat Be Open 24/7?
Should your laundromat be open 24/7? In today’s 24-hour world, it’s not unusual for big-box stores, gyms, convenience stores, laundromats, and other establishments to be open around the clock. How do you decide if your laundromat should offer regularly scheduled operating hours or follow in the footsteps of places that are always open? Should Your …
How to Value a Laundromat
Appraising a house to determine its value involves looking to see what similar properties in the same area sold for in recent real estate transactions. Determining the value of a laundromat is a bit more complicated. If you’re wondering how to value a laundromat, here’s what you need to know. How to Value a …
Tips for Buying a Laundromat
If you want to own your own business, a laundromat can be an intriguing option. After all, it’s a recession-proof choice that can bring a steady income with relatively little day-to-day demands. It also allows you the freedom to put your own personal stamp on your business since the kind of conformity that franchises tend …
