When in the right location, a laundromat is an excellent way to provide a service to the community while bringing in anywhere from $15,000 to $200,000 in annual income. In order to run a successful laundromat, though, you must ensure you have high-quality, heavy-duty washers and dryers. Check out these tips for purchasing the best commercial washers and dryers.
Get Your Budget in Order
Commercial-grade washers and dryers aren’t cheap, so it is important to get your budget in order before you open your doors. Washers and dryers can cost as much as $3,000 each on their own, not to mention the other accessories your laundromat will need. A coin changer costs more than $1,000 as well, and you’ll also need to purchase chairs, laundry tables, a detergent dispenser, and the detergent to go into it. Don’t forget about the vending machines! When it’s all said and done, supplying the laundromat is likely to be your biggest expense by far.
Look for Eco-Friendly Features
People are becoming increasingly concerned about using eco-friendly services. If your laundromat is environmentally friendly, you will likely bring in more business. When choosing your commercial washers and dryers, search for machines that are a part of the Energy Star program. Created by the U.S. Environmental Protection Agency, this program certifies energy-efficient machines. Dryers aren’t eligible for the certification, but you can still seek efficient features. Dryness detection technology is an excellent example.
Know Your Financing Options
Because commercial laundry machines can be so expensive, it is important to understand what your financing options are. Of course, if you can afford to, you should purchase the equipment outright to avoid going into debt (even better if you purchase used machines). If you don’t have a lump sum, consider leasing the equipment instead. Leasing offers flexible terms and often includes installation, maintenance, and more for the duration of the lease.
Before purchasing commercial washers and dryers, ensure you’re working with a reputable business. Ask plenty of questions, check its reputation with the Better Business Bureau, and, if possible, verify references. Doing so may save you any future headaches.