Are you opening a laundromat soon? Don’t just focus your efforts on the equipment and laundry parts from stores like Laundry Replacement Parts! One of the vital steps to prioritize is selecting the best location to garner more customers and revenue.
But with so many different available locations and buildings to rent from, it gets confusing! Here are factors to consider to help you narrow down your options.
- Who’s your demographic?
Statistically, laundromats would attract many renters and lower-income households. Because of that, it’s best to have your laundromat situated near trailer parks, apartments, universities, or low-income housing.
If you plan to lease in a strip mall, what neighboring businesses and traffic will they bring in? Businesses targeting similar demographics, like general or convenience stores, can help draw customers in, making them good neighbors!
- Research the competition
When opening a laundromat, you aren’t only competing against other nearby laundromats. You will also compete against on-site laundry facilities apartments that offer dry cleaners and other related services in the community.
Search these businesses so you can offer new services, topnotch equipment, and alliance laundry parts so you can stand out, having customers choose your business.
- Inspect the building
Of course, you must inspect the building and make sure that you consult with experts who can determine whether the location is safe or requires repairs. Here are a few things to keep in mind:
- Can the location handle a laundromat, along with the water and electricity hookups?
- Will the aircon, roof, siding, or heating require replacement?
- Is the location accessible for the handicapped or those using laundry carts or strollers?
You should also ask about any other general costs related to the building maintenance to know what your ongoing expenses will look like.
- Focus on visibility
Visibility is crucial to draw in customers while keeping your investment secure.
You need the building and signage easily accessed and seen from streets to grab attention. If it’s hard for you to find the location, then imagine what customers would feel! Avoid buildings hidden behind shrubs or fences, which are easy to miss when walking or driving by.
Furthermore, open and visible buildings will make it safer for your employees and customers. You keep it away from thieves and vandals, who will have a difficult time committing crime in a busy and open area. Plus points if your location is near fire departments and police stations.
- How’s the parking and transportation?
You need to make sure that your business has adequate parking. Off-street parking is an important factor because customers may lug heavy loads of laundry.
If you don’t have enough parking, people become turned off, causing them to turn to other businesses. Plus, your employees, repairmen, maintenance crew, and delivery riders will need places to park in!
Wrapping It Up
Before you sign a lease, make sure that your laundromat’s location is topnotch! Remember these tips as you make the final decision on where your laundromat will be located in.
