Business Summary:
This franchise has developed a system to change the way coin laundry locations are perceived and operated. The industry has primarily been made up of Mom and Pop operators who are taken advantage of by the washer and dryer Distributors whose sole purpose is to sell equipment to these non-business savvy operators. The industry has no brand, no business sophistication and massive turn over from operator to operator.
This franchise's secret is location, location, location. They have developed their own proprietary approach to discerning the best possible real estate play for their locations. It includes :
Right Site (Understand Demographics and Competition)
Right Size (Best size store based above)
Right Mix (Best mix of Equipment for the Site)
Maximum Profits (Keep all costs under control)
Key Factors :
Fantastic absentee business model
Extremely low employee count
Makes money when the franchisee is not around
Additional sources of revenue like vending machines
Best Construction for reduced costs
Green Initiatives
Partnership with Goodwill Industries
Equipment partnership for best equipment at lowest cost
Economic equipment operates at lowest energy costs
Simple business, coins / no cards, no playgrounds, no TVs
Best security systems and anti-theft practices
Mature industry with no national brands
What Does a Laundromat Customer Want?
Cleanliness is always #1,
Safety (women especially want to feel safe)
Friendly, helpful staff
Convenience (good parking, etc.)
Speed in and out.
Full-time attendants
Wash, Dry and Fold services
Free Wi-Fi
Working equipment (this is in line with cleanliness)
Hot dryers (equipment quality)
Price is important, but is down on the list.
Keeping up the appearance of the store is critical. Touch up paint (constantly), clean bathrooms, clean ceiling fans, no dust, no clutter with little signs and other crap on the walls, plants, etc. give a professional, branded appearance. We constantly hear this is the nicest laundromat I have ever been in. What is the role of the franchisee? Service, Service, Service.
No students or brokers please. Interested buyers must have a minimum net worth of $600K USD and a minimum of $225K liquid to qualify for in-house financing. The information contained in this ad does not constitute an offer to sell or award a franchise. Such an offer can only be made in compliance with applicable disclosure laws and a Franchise Disclosure Document. Check for current pricing and availability. Affordable Business Concepts, LLC does not make any guarantees or declarations regarding earnings. Buyer must be a US or Canadian Citizen.
For more information visit www.affordablebusinessconcepts.com
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