How Do You Start A Coin Laundromat & Carwash Business?
Starting your own car wash or laundromat service can be a lucrative business move, but it comes with high investments that could potentially be risky. According to Entrepreneur.com, the good news to owning a wash-n-go business is that it has future growth possibilities. Many households are growing in size, and becoming more dependent on convenient and affordable services. The downside is that the wash-n-go industry is a mature market, or one which fluctuates based on population and competition trends. Investors need to constantly educate themselves in ways to maximize their profits by offering more innovative and convenient services. Invest enough money to be able to fund your business. Ideally, investments should add up to $200,000 to $500,000 for an average-size laundromat or car wash service. This not only includes the mortgage/rent, but monthly utility bills, possible renovations and construction work, staff/support expenses, property and business fees, and service equipment. Keep
