The choice of laundry business will largely depend on how much money you want to invest and the extent of involvement you want in the business.
Now, however, these establishments have sprouted left and right, and it seems that many of them are prospering. With the shortage of laundry women and our busy lifestyles, more and more people are using the services of a laundry shop to clean their clothes. With these changes, a laundry shop is now one of the most stable businesses the middle class can afford to put up.
For those who wish to venture into this promising business, here are some tips to guide you: This depends on the size and type of your target market.
If you are aiming for the industrial market, you will be needing millions; since this is a more sophisticated topic, we will not discuss it here. On the other hand, if you plan to cater to individual clients, you may be able to start with only around PhPas of October for a simple set-up.
This amount will cover a very basic set-up, with some amount left over for operating expenses. This is the most critical decision because a bad location can rarely be remedied except by relocation.
There are five main criteria in selecting the best location for a laundry shop. The nearness of the shop to plenty of potential clients is the most important. Make sure the population nearby is the type that is most likely to patronize a laundromat. Condos and middle class residential areas are some of the good potential markets since they could afford to pay for laundry services.
Visibility of the shop is critical. You may be a few steps away from the main street, but if you are not easily seen by passersby, then you will have few customers. If putting up large signages do not remedy the situation, you should look for another place. Water supply must not only be of sufficient quantity, but must also be free of too much minerals that affect the cleaning process.
Compute your projected profit so that you will know if the rental expense can be accepted and still make a good income. Since nobody can be sure of how much sales the location will generate, be conservative in your estimate.
If you feel that the ideal location is too small or too expensive, you can just have a pick-up center and put your equipment at home or in a lower rent area.
Read your lease contract carefully before signing. There may be restrictions that can hinder your business. For example, it is possible that the contract does not allow the use of LPG, and this may force an unacceptable increase in your electricity bill. Include pre-termination terms so that you would have reasonable expenses in case you are forced to close shop before your contract is finished.
Buy equipment suitable for commercial operations. Note, too, that you may void the warranty if you use a home type machine for commercial laundry. In the case of washing machines, you have a choice of buying a front- or top-load machine. If you have the capital, it is probably better to buy front-loading washing machines because they use less water and electricity.
With no agitator in the middle, they are gentler on clothes. Another issue is what type of dryer to use.
An LPG-fuelled dryer will mean a lower operating expense, but it is also riskier than electric dryers and is often not allowed in condos and some lease contracts. This would depend on how cost-efficient your operations are. If after computing your expenses you are confident that you have lower costs than your competitors, then it may be possible to price lower for market penetration.
The risk in this strategy is that it may trigger a price war that will make everyone a loser. Generally, it is safer to just go with the market rates and to compete on quality of service instead. Allocate a budget for promotional expenses. Most laundries are enthusiastic in marketing only during the launching stage.
Never stop giving out flyers and other marketing activities to get and retain customers. Since it is easier to retain old customers than to get new ones, have loyalty programs to ensure continuous patronage. Use your own good judgment. There are many companies that will sell you their products and services for laundry businesses.
Some of these suppliers even conduct their own seminars.Entrepreneur Philippines had a one-on-one interview with Monina Atienza-Santos about the ins and outs of setting up a laundry shop business.
Starting nearly 10 years ago, MR. Quick and Easy Steps to Starting a Laundry Business Take Advantage Of The Booming Laundromat Industry Not so many years ago, you can only see laundromats in the main streets of major cities. HYBRID LAUNDRY SHOP- is a combination of full-service and self-service laundry operation.
Taking the GOOD, leaving the BAD and filling the GAP of both business concepts. Resulting to an INOVATIVE approach, IMPROVED service and most importantly INCREASED revenue/5(13).
A laundry shop business has proven itself to be more than just a fad. When other franchises have already closed or dwindled down, laundry shops continue to thrive, particularly in Metro Manila.
The steady growth of condominiums and apartments in the city, . Create your own business plan Business planning has never been easier. With complete sample plans, easy financials, and access anywhere, LivePlan turns your great idea into a great plan for success/5(72). LAUNDRY SERVICES The Omaha Metro’s #1 Choice for Laundry Services for Over 20 Years you to develop a plan that best meets your budget and needs.
Remember, your time is valuable. * Pick-up and delivery service currently available to University of Nebraska at Omaha and Creighton University students.