New vended laundry is one of the most important expenses you will need to think about as a business owner. The laundry business is always booming, and growing populations in many cities have contributed to an increased need for vended laundry facilities.
The Kansas City area is one example of a location that requires more laundry facilities for a growing population. Read on to learn more about what you need to know before investing in a laundry facility.
There is a Great ROI Potential But You Will Pay a Lot
Laundry facilities offer the potential for a great ROI, which is not a common occurrence. There is relatively little that you need to invest for a physical inventory, so you don’t need to spend a lot of time dealing with the management that is all too common with having an inventory. Managing an inventory is often one of the most frustrating parts of running a business.
Laundries require a large initial investment, regardless of whether you own or rent the facilities. Financing makes the equipment somewhat more affordable, but you will have to devote a lot of time to make everything work as expected. One thing to keep in mind is that the costs of owning and operating a laundry are projected to keep increasing.
New Vended Laundry is for a Non-Seasonal Industry That is Still Competitive
New vended laundry is part of an industry that is not dependent on the weather or the seasons. There will, of course, be times when people are less likely to venture out to do their laundry. Kansas City has the types of winters that make this an issue at times. However, regardless of temporary weather conditions, you can rely on always having a steady customer base.
One thing that you will need to bear in mind as a laundry owner is that flexibility is not something that will figure into your schedule. Because you’ll have to deal with problems during all hours, you’ll find yourself having to compete with better-established, better-staffed facilities that have been in business longer. You’ll also find yourself competing against the on-site facilities that many in multifamily housing use.
Running laundry means constantly finding ways to set yourself apartment from your competitors. With many facilities offering amenities like arcade games and multiple vending machine options, you’ll need to think of some way to make your facility stand out by offering something different. A more inviting sitting area or charging station for devices are possible examples to keep in mind.
Laundries Have Minimal Employee Requirements But Can Require More Work for You
A laundromat is an easy type of business to run with few employees. Managing a smaller staff is easier for payroll and other responsibilities. One of the areas where you’ll experience fewer difficulties is scheduling. Because most of your employees will be part-time, not having to allocate as much of your time to schedule is always a welcome relief.
When you’re running a laundromat, you’re going to find yourself playing multiple roles at a time. You might end up dealing with custodial, electrical, and plumbing duties, depending on what’s going on at any time. Although these responsibilities are best left to professionals, you may have to manage some of them anyway.
Choosing the distributor for your equipment wisely will help prevent a lot of serious problems. When you use a provider that offers a better service level, you can trust any potential issues with the utilities to be treated properly before they become a problem. If any problems come up, your business will benefit from prompt care.
RJ Kool has the experience as a laundry distributor that you need for your sales and service needs, contact us today for information about new vended laundry options.