Buying and owning a laundromat could be a very lucrative business decision. If you know what you’re doing and you put in the right efforts, you could make a pretty penny running and operating a laundromat. Of course, not everyone will have such luck.
There are a lot of factors at play when it comes to owning a business of any kind. Running a laundromat requires business savvy, financial literacy, good customer service, and a variety of other skills.
If you’re considering opening or buying a laundromat, you first must make sure there is a need in your area for a laundromat. Not every area is populated by people who will use a laundromat. You need to assess the demand for laundromat services in your neighborhood, town, or city and then go from there.
This video provides an overview of one person’s experience with owning a laundromat. This is just one case scenario, and your mileage will vary on a wide variety of factors. Still, it’s a good watch to get you started as you considering opening a laundromat business.