Business for Sale

1. Business for Sale Starting a laundromat business can be a great option for business owners looking to build a steady, profitable business that can be run for many years and passed onto future generations. Compared to restaurants that often fail within the first five years of business, the longevity of laundromats has a significantly higher survival rate in which — 95% of stores are still open after five years. This is mainly because of the recession-proof nature of the laundromat business as people will always have to clean their clothes no matter what the economy is. Benefits of Buying a Laundromat for Sale     Steady, recession-proof business The high survival rate of 95% 20-35% ROI Scalable Business Model

2. Different Types of Laundromats for Sale Generally speaking, laundromats for sale generally come in two categories: full-service store and unattended laundromat for sale. Fully-Service Laundromats For Sale For this type of laundromat for sale, you will have to hire staff mending the business. The way this type of laundromat operates is by providing different sizes of the coin-operated washer, dryer and a wide range of special services. Unattended Laundromats for Sale On the other hand, owning and operating a self-service laundromat business is less stressful, cost-effective and hassle-free. So if you want a business where you don’t need to employ anyone and pretty much run it by yourself, unattended laundromats are for you! How to Decide the Type of Laundromats for Sale to Buy Time is a Deciding Factor The number of hours you want to dedicate to running your coin laundry will be heavily decided on the type of laundromat for sale you want to open and the number of staff you plan on hiring. Less Time On-Site: Own An Unattended Laundromat You still need to manage an unattended laundromat, but the amount of hours required for you to be in the store is fewer than owning a full-service laundromat. Moreover, when you choose Tap and Go payments or no-coins operated laundry machines, then you don’t even need to worry about calculating revenue. More Time And Employees: Own An Attended, Full-Service Laundromat Running a Full-Service laundromat will take up more of your time, especially during rush hours and busy seasons. Most fully-staffed stores open as early as 6 AM and close around 10 PM. Hiring extra staff would be ideal too

3. because of the most profitable full-service laundromats that offer wash & fold service and other miscellaneous services. What Other Skills Do you Need? Buying laundromats for sale is actually a wise decision because the laundromat industry has a very low barrier to entry. You practically don’t need any prior experience in the business industry, and laundromats are not franchises so there wouldn’t be any fees associated with buying one. No Management Experience Necessary Having a business background to run a laundromat business will certainly be helpful, but it doesn’t mean it’s necessary for it to be successful. People Skills A very good skill to have when running your full-service laundromat is people skills, if you are personable and bubbly, customers are going to want to talk to you, which makes the relationship stronger. If your customers like you, they will become a frequent customer and introduce your store to their neighbours as well. About the Business Exchange Established in 1998, The Business Exchange specializes in lead generation in the franchise and business opportunity industry, in print and online. Call us today at 1-877-337-1188 to learn more about our Laundromats for Sale listings and Request a Quote!