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Best Laundromat Franchises for Entrepreneurs

The first laundromats opened in the 1930s. Since then, these businesses have provided washing machines and dryers operated by coins, cards, or tokens. They’re especially popular in cities, near colleges, and anywhere else where some residents may not have access to laundry in their homes.

Generally, these businesses are fairly low cost and low maintenance. You do have to invest in the location and machines. But since customers generally do their own laundry, you can keep labor and running costs fairly low. This also makes it perfect for those who are looking to own a business without constantly working.

Additionally, laundry is something that people always need. Not everyone has washers and dryers in their home. And they still need lean clothes. So even if there’s a recession or change in other markets, laundry businesses are likely to stick around.

If you’re interested opening a laundromat, a franchise may simplify the process for you. This allows you to get started with the equipment, expertise, and brand name of a recognized entity behind you. Your business doesn’t have to start from scratch. Here are some of the most popular laundromat franchises to consider.

10 Franchise Laundromat and Laundry Opportunities

Here are the best laundromat franchise businesses for aspiring entrepreneurs to consider:

1. Speed Queen

Speed Queen has been in the laundry industry since 1908. And they offer a model that’s designed to scale. The laundromats are known for providing an open design, updated tech, and an easy user experience. The initial franchise fee is currently $15,000. And the total upfront costs range from $500,000 to $1.5 million, depending on the type and number of stores. Speed Queen estimates that nearly 95 percent of its stores are successful.

2. WaveMAX

WaveMAX is a laundry business Dennis Mulgannon, who also operates Home Care Assistance, Junk King, and the Flying Locksmiths. As such, the company uses a proven franchise model to bring life back into the coin operated laundry business. They provide help with location selection, layout, and equipment. The minimum franchise fee for the first unit is $49,950. For the second unit, it’s $24,950. All units after are $15,950. The company estimates revenue at around $430,000.

3. Zoom Express

Zoom Express positions itself as a bright, clean laundry facility that garners a ton of repeat customers. They offer a la carte services. So there’s traditional self-service laundry as well as wash and dry service. This requires a bit more staffing but also diversifies revenue. The company boasts a 95 percent success rates for franchises and says cash flow ranges from $15,000 to $300,000 annually. The initial franchise fee is $39,500, with a total upfront investment between $675,000 and $1.5 million.

4. SuperSuds

SuperSuds utilizes a proven five-step formula for franchises. They help with location selection, business planning, design, grand-opening plans, and day-to-day operations. The company has more than 20 years of expertise. And their 25 stores have a 100 percent success rate. They do not list any franchise fees, as each location and business model comes with different costs. Interested parties can contact the company for a specific quote.

5. Maytag Commercial Laundry

Maytag is one of the most recognizable names in laundry. This isn’t a traditional franchise opportunity. But the company provides machinery and other resources for laundromats and other businesses. In addition to providing the equipment, they can also help with store design, layout, and branding. There’s no official franchise fee. But at least $75,000 is required upfront, with additional financing available.

6. Statewide Laundry

Statewide Laundry operates mainly in the southeast, including Florida, Georgia, North Carolina, South Carolina, and Virginia. The company provides efficient and reliable washers and dryers, along with other equipment. A laundromat owner could choose to simply purchase equipment or utilize other services like layout design and site selection. They also sell laundromats that are already up and running. Down payments range from about $80,000 to $125,000, with the total investment starting around $300,000.

7. Laundrylux

Laundrylux is another supplier of laundromat equipment, working with multiple top brands. However, they also offer real estate, design, financing, and marketing assistance to those who offer laundry services. The company even provides equipment upgrades and support for existing business owners. Since it’s not a traditional franchise, there is no set fee. But startup costs can range anywhere from $100,000 to $1 million.

8. The Eco Laundry Co.

The Eco Laundry Company is known for providing earth friendly laundry services. To achieve this goal, the laundromat franchise uses efficient equipment and sustainable supplies. Though the company started in Buenos Aires, it then launched in the U.S. in NYC. Since environmental issues are so prominent for consumers, this could be a major selling point for customers. This may be especially true in trendy areas or college campuses. The franchise fee is $300. And the total upfront investment starts at around $230,000.

9. Express Laundry Centers

Express Laundry Centers provides an all-in-one laundry franchise solution, complete with site selection, design, equipment, financing, marketing, and training. The company also boasts its opportunity as free of restrictions, costs, and red tape. As such, there’s no traditional franchise fee. However, there’s a $75,000 minimum liquid cash requirement. It’s also meant to be easy to get started, since there are less restrictions involved.

10. Huebsch

Though not a traditional laundromat franchise opportunity, Huebsch offers a number of services to help entrepreneurs offer laundry services. The company specializes in selling commercial laundry equipment. But they also provide real estate assistance, financing, laundry design, and training. Since it’s not a traditional franchise program, there are no franchise fees. But the company requires investors to provide at least 30 percent of the startup costs, though you can finance the rest. They estimate the total upfront costs at about $90,000, with about $250,000 financed.

FAQs About Laundromat Businesses

Here are frequently asked questions about the pros and cons of laundromats and coin laundry businesses, and what it takes to get into one:

What Are the Benefits of a Laundromat Business?

Entrepreneurs get interested in laundromats because of their perennial appeal. While not quite the size opportunity it was 50 years ago, there are plenty of benefits to operating a laundromat, including:

Constant consumer demand – Everybody needs clean clothes and not everyone has a washer / dryer, especially apartment dwellers. If you do your market research carefully, you can find neighborhoods where demand is highest.

Lifestyle business – Entrepreneurs like this business because it doesn’t require a huge time commitment. You don’t need to manage a huge team or work long hours. You mainly just have to collect money and maintain the equipment.

Low labor costs – Since customers generally do their own laundry, you don’t need a ton of staff. You may want part time help to clean up or maintain equipment. You might even have one person there to provide support during operating hours. But you shouldn’t need a large or costly team.

Repeat customers – There’s a lot of recurring revenue with laundry businesses. People tend to find a facility they like and then keep going back. Many also pre-pay using cards. So it’s often easy to predict revenue and keep customers coming back.

Low failure rate – With the low operating costs and high demand, laundromats don’t go out of business at the same rate as other businesses. Most of the franchises above boast success rates of at least 90 percent.

Versatility – There are a variety of laundry services that businesses in the industry can offer. In addition to coin-operated laundry, some also offer wash and fold services or dry cleaning. This provides diversified revenue streams.

How Do You Open a Laundromat?

There are two main options for breaking into the industry. You can purchase a laundromat franchise where much of the work is laid out for you. Or you can start from scratch. Generally, steps include finding a location, designing the layout, purchasing equipment, creating a pricing list and business model, marketing, and maintaining equipment.

There are also the general business startup steps, like registering a name, branding, and applying for permits. Seasoned business owners may be able to navigate these steps quickly. But they can be arduous or confusing for new entrepreneurs. With a franchise, many of these steps are already laid out for you.

Read more: How to Start a Laundry Business.

Is Owning a Laundromat Profitable?

Coin-operated laundry businesses earn between $15,000 and $300,000 annually. Ongoing expenses mainly include utilities, equipment upkeep, part-time help, and financial services. This means that many are able to recoup their initial investment in just a couple years and start turning a profit. And the ROI can be up to 35 percent.

How Much Does it Cost to Open a Laundromat?

Franchise fees generally range between $15,000 and $50,000. But the initial startup costs range between $300,000 and $1.5 million, depending on the size and location of the unit. Much of that can be financed. Once your business is up and running, you can generally keep costs low. These mostly consist of equipment maintenance and utilities. Though you’ll have some operating costs like accounting and payroll if you plan on hiring part time help.

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This article, “Best Laundromat Franchises for Entrepreneurs” was first published on Small Business Trends

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businessreviewguidenow · 4 years ago

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Best Laundromat Franchises for Entrepreneurs

10 Franchise Laundromat and Laundry Opportunities

Here are the best laundromat franchise businesses for aspiring entrepreneurs to consider:

1. Speed Queen

2. WaveMAX

3. Zoom Express

4. SuperSuds

5. Maytag Commercial Laundry

6. Statewide Laundry

7. Laundrylux

8. The Eco Laundry Co.

9. Express Laundry Centers

10. Huebsch

FAQs About Laundromat Businesses

Here are frequently asked questions about the pros and cons of laundromats and coin laundry businesses, and what it takes to get into one:

What Are the Benefits of a Laundromat Business?

How Do You Open a Laundromat?

Read more: How to Start a Laundry Business.

Is Owning a Laundromat Profitable?

How Much Does it Cost to Open a Laundromat?

Image: Depositphotos.com

This article, “Best Laundromat Franchises for Entrepreneurs” was first published on Small Business Trends

source https://smallbiztrends.com/2020/07/laundromat-franchise.html

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holmquistewduckettwq53insur-blog · 5 years ago

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geico insurance quotes for new drivers

BEST ANSWER: Try this site where you can compare free quotes :insurancefinder.xyz

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davedjhon1-blog · 6 years ago

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Top Department Stores discount codes in UK

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blackmojave · 7 years ago

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Unlock Your Locksmith

You’ll want to check the credentials of a locksmith before you decide to rent one. Check with a locksmith firm whether it has proper license, insurance and certification. Online reviews on the corporate as well as suggestions from shoppers would even be useful. Locksmiths are getting extra attention nowadays. Want of each particular person to get extra secured has given push to the demand of professional locksmiths. Nevertheless, before you take a remaining determination in your locksmith, take care to ascertain their diploma of professionalism. A little bit of time and analysis would assist you take a better-informed determination. A typical mistake people normally make while deciding on a locksmith company is ignoring license. Your Bristol service is made up of skilled and trained people in the sector, all with their own practised methods of seeing any dwelling or work safety scenario. By entertaining this query, you’re solving an issue that you would usually not must sort out, how you’d get into your house or workplace without utilizing the key. With this simple exercise, your locksmith knows that many danger areas have been discovered and thereafter supplied with the ample and appropriate safety. Out of your finish the one action required is that you just ensure safekeeping of our number.

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Top 10 Tricks that Burglars Use - Latest Guest Blog by United Locksmith. https://tradesconnect.ie/blog/tricks-burglars-use … #security #locksmith #secure #safety #blog #guestblogpic.twitter.com/fXU8s8YD9p — TradesConnect.ie (@tradesconnect1) January 13, 2018

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Attempt to find a locksmith who actively participates in the community. This isn’t completely essential, but it’ll be reassuring to know your locksmith is staying on high of current trends. It also helps to tell you he just isn’t some fly by night operation that may leave you high and dry! When speaking with a locksmith, inquire as to how lengthy the corporate has been round. In addition, ask how long they’ve been in enterprise at their present location. Check the locksmiths credentials earlier than they enter your home. After getting them, give every a name. You need good work achieved, however you additionally wish to belief the locksmith. Make the time to test the webutation of any locksmith you might be fascinated about hiring. You can find a number of review web sites on the web. Troublesome and dangerous conditions do occur on occasion. The key (this article) to navigating them safely is being prepared. That’s why you learn this text, and will comply with its recommendation! So get yourself a fantastic locksmith that may turn round dangerous situations shortly later on.

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Do you’ve the sneaking suspicion that any person has hacked your garage door opener code? Or perhaps an unauthorized entry has eliminated any doubt about that! May Your Garage Door Be Hacked? Is it doable that somebody - a burglar, a thief, or worse - could gain entry to your house by hacking your storage door opener? The short answer is yes, it’s very attainable. Not the reply you wanted, is it? However it’s the reality. Many garage door openers can be hacked. Did your storage door remote control stop working? Loads of the time it has to do with people locksmith themselves out of their automobiles. For automotive door locks, certainly one of the simplest instruments utilized by locksmiths is unquestionably the air fighter pro. This instrument has a bag which slides between a doors’ frame, and inflates in order that the locksmith can use tools in order to pry the lock open, as well as not damaging the automotive. Older cars are typically opened with a simple lasso instrument. Within the United States there are several laws in place, all of which differ from state to state, however they generally forestall the purchase of locksmith tools if you are not a licensed locksmith. Illegal possession of lock picks may be prosecuted as a felony, since possessing something illegal is coupled with felonious or malicious intent, and would be prosecuted underneath the class of possession of burglary tools.

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theleaderdotinfo-blog · 7 years ago

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Euronics Darts League - 7 December 17 by Simone de Lacy has been published at http://www.theleader.info/2017/12/10/euronics-darts-league-7-december-17-simone-de-lacy/

New Post has been published on http://www.theleader.info/2017/12/10/euronics-darts-league-7-december-17-simone-de-lacy/

Euronics Darts League - 7 December 17 by Simone de Lacy

Junction Jaguars 1 11 El Capitan (2) Hub Hyenas (2) 11 1 Amigos Misfits Angels (2) 8 4 Hen’s Teeth Pint depot Queens 3 9 Junction Jackals (2) Tavern Oldies (2) 8 4 Porter House Bees Las Rosas (2) 9 3 Hub Hellraisers Ale House (2) 7 5 Wee Rockers

Played Match points legs Hub Hyenas 9 18 85 Porter House 8 14 67 Junction Jackals 8 14 66 El Capitan 8 13 70 Las Rosas 9 13 67 Tavern Oldies 9 11 61 Angels 8 11 58 Ale House 9 10 50 Wee Rockers 8 6 40 Junction Jaguars 9 5 41 Hen's Teeth 9 3 37 Amigo's Misfits 8 3 31 Porter House Bees 8 2 33 Pint Depot Queens 8 2 27 Hub Hellraisers 8 1 19

180’s John Walker (El Capitan); Joe Miller (Hub Hyenas); Harvey Lane (Porter House Bees); Aroldas Klimonis (El Capitan), Eugene Gillespie (Tavern); Paul Durrant (Hyenas) Jeff Ward (Porter House); Andy Rutter (Junction Jackals); Angela Garside (Tavern Oldies) Highest Check-out: Jordan Johnson (Ale House) 141 (t20-t19-d12) Hub Hyenas v Amigos Misfits 11-1 Unbeaten Hyenas entertained Sonya Cooper's Amigos, both teams missing vital players. Current champions Hyenas comfortably took the first four legs via John Eyre twice converting d20, Del McCauley d9, and Alex Nikolov d2, before Amigos responded courtesy of Billy Naylor and Paul Chick, the former banging in 2x100 plus d9. Sadly. That was to be Amigos only victory of the evening, although 3 double 1's for the Hyenas in the singles suggests the score could well have been closer. Eyre's contribution of 3 game shots, plus a 140, earned the flu-ridden Hyena the man of match award for the home side, whist Naylor deservedly gained the visitors accolade. Report by Paul Durrant. Las Rosas v Hub Hellraisers A big thanks to the bunch of ladies that made the night one of the best fun games we had so far! It started with a win for las Rosas captain Carlos who was playing with Steph Simpson and John Spencer. Carlos checked out on 72 with John throwing in a few good scores including a 140. In retaliation, Hellraisers Sue Speirs, Lesley Dolling and captain Cheryl McGlynn clicky-clacked to the ockey in their stilettos to equalize the score with Cheryl checking out on d10. Las Rosas took the 3rd triple to bring the score to 2-1. Onto the pairs and John and Lee Walters played Linda and Sarah who were very close to winning another point for the ladies but hopes were dashed when John check out d1. It was OK though as Joy Gormon and Lesley won their game against Alan ‘get orf’ Preston (140) and Fred. Carlos and Adrian Buitkhat were up last in the pairs and faced the formidable duo of Cheryl and Sue Speirs. Cheryl got 130 but Carlos replied with 100 and then checked out on 16 in what was a very good match. Half time score was 4-2 leaving the door slightly open for the ladies going into the singles. Alas in quick succession Adrian, Dave and Alan won their games with John nailing another 140 and checking out on d20. Captain Carlos played Sue Speirs, who played brilliantly. She scored 100 only for Carlos to answer with a 121, but the pressure got to him and he could not finish his d1 and finally Sue won it! Steph then won his game against Cheryl. (I count only 5 singles results here) but never the less the end score was 9-3 and was a good, fun night, thanks girls! Man of match Carlos Montes; Woman of match Sue Speirs Report by Carlos Montes (with a little help from Simone) Junction Jaguars v El Capitan 1-11 ‘Didn’t we have a loverly time the day we played El Capo’s?’ Not that the score reflects it for us but as always, a lot of laughs with the chaps from the back of beyond. Patty Poo declared it our worst performance ever with not a single 100 plus score from the Jags and only one leg going our way courtesy of Simone and Lelly Bears pairs efforts, Lelly checking out on d5. The lads didn’t appear to be on top form either with only Aroldas (121, 140), Ed Klimonis (100, 129) and John Walker (121, 100, 100) achieving 3-figuire scores. But as they say, scores for show and doubles for dough and there was some fine finishing from Jim Storey and Den Hall but best of all was Ed Klimonis’ 3-darter t60-s19-bull for a 129 out. The team were elated and then it dawned on them that Ed had just toppled John’s highest check-out to date of 128- which he had achieved twice this season. How the Lithuanians laughed! But sorry Ed, your 129 was trumped by a 141 check-out from the Ale House on the same night! Special thanks to John walker for doing some chalking for us, he’s a lovely, lovely man. Christmas Mixed Pairs competition Come on lads and lasses, we have extended deadline to Wednesday 13th December to get your entries in for the Christmas Mixed Pairs comp. This is a new thing this year for a bit of fun whilst the league is inactive over the Christmas period. We are holding it at Georgiou's (Blue Lagoon) who have offered their venue for our exclusive use on the night as well as laying on a buffet for us. We have two free-standing boards and they already have one up (and could put up another) so there is plenty of room and equipment for the whole comp to be played on one night. There are cash prizes for the winners and runners up and semi-finalists, courtesy of our sponsor, Paul Lock, The Locksmith. There will be a themed raffle and a bit of Christmas music in the background to put us all into the festive mood. Who knows, it may even be time to dig out your Christmas jumper and reindeer antlers, as there will be Secretary Sim’s prize for the best Christmas Outfit! Lads, if there are a few of you out there that want to take part but couldn’t nab one of the league ladies to partner up with, worry not, we can have up to 32 pairs and ladies who have played in earlier rounds and have been knocked out, can pair up again with the bachelor boys. At just 2eu per person to enter, your names will be pulled out of the hat to fill in the remaining spaces. Please let us know if you intend to come along to watch or take part as we need to let Georgiou’s know the numbers to cater for. It’s going to be one hell of a night!

#Euronics Darts

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abbaslocksmith1 · 6 months ago

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We offer all master key systems for commercial clients as well as locksmith services to hospitals, local and state agencies, and other organizations. For an internal consultation regarding your building management, give us a call.

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abbaslocksmith1 · 7 months ago

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Locked Out in an Unfortunate Situation? Abbas Locksmith is there to Resolve.

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abbaslocksmith1 · 8 months ago

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When it comes to auto locksmith services in Queens, Abbas Locksmith is the best option. We'll get you back on the road safely in no time thanks to our skilled specialists and fast response times.

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abbaslocksmith1 · 8 months ago

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Abbas Locksmith: Professional Locksmith in Elmhurst Queens

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abbaslocksmith1 · 8 months ago

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Best Residential Locksmith Services in Queens by Abbas Locksmith

If you need residential locksmith services in Queens, Abbas Locksmith is the company you can rely on. We provide expert lock installation, maintenance, and emergency lockout support. You may rest easy knowing your home's security is in capable hands with our timely and dependable service.

#Best Residential Locksmith In Queens #Top 10 Best Locksmith in Queens

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unixcommerce · 4 years ago

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Best Laundromat Franchises for Entrepreneurs

10 Franchise Laundromat and Laundry Opportunities

Here are the best laundromat franchise businesses for aspiring entrepreneurs to consider:

1. Speed Queen

2. WaveMAX

3. Zoom Express

4. SuperSuds

5. Maytag Commercial Laundry

6. Statewide Laundry

7. Laundrylux

8. The Eco Laundry Co.

9. Express Laundry Centers

10. Huebsch

FAQs About Laundromat Businesses

Here are frequently asked questions about the pros and cons of laundromats and coin laundry businesses, and what it takes to get into one:

What Are the Benefits of a Laundromat Business?

How Do You Open a Laundromat?

Read more: How to Start a Laundry Business.

Is Owning a Laundromat Profitable?

How Much Does it Cost to Open a Laundromat?

Image: Depositphotos.com

This article, “Best Laundromat Franchises for Entrepreneurs” was first published on Small Business Trends

https://smallbiztrends.com/

The post Best Laundromat Franchises for Entrepreneurs appeared first on Unix Commerce.

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