Getting Started

So you’ve decided to enter the laundry industry! Congratulations, you’re entering into an industry on the rise, with plenty of opportunities for new owners and operators. The laundry business is a stable market with plenty of demand — as long as people need to clean their clothes, the laundry industry will stick around. It’s resistant to recessions and offers a stable source of income. Laundromats have a lower barrier to entry than most businesses and are some of the most accessible businesses to start.

Even when entering a stable industry like the laundry industry, it’s important to have a business plan. Having a solid plan will make sure that your new business has everything it needs to succeed. Remember the 5 P’s of success – “Proper Planning Prevents Poor Performance.”

Entering the laundry industry can seem like a huge task. For that reason, it’s important to have a solid business plan that details things like:

• Location
• Payment methods
• Competition
• Target market

To buy or build?

When entering the laundry business, making the choice to buy or build a laundromat is an important decision to make. Both have their perks and downsides – new construction can use newer machines and payment systems custom-tailored to what you want, while buying existing is more cost-effective and a faster way in. If you decide to buy, there are 6 things you need to consider.

In today’s economy, investing in a stable business is one of the best things you can do for your portfolio. Laundromats are stable, fairly recession-proof and a great way to earn income with flexibility. Check out our other resources to learn more, and if you’re interested in coin/card hybrid systems or fully card-based payment systems, contact us! CCI is a leader in the laundromat payment industry and can help you with any payment solution you need.