Pros And Cons Of Owning A Laundry Mat

The pros cons of owning laundromats laundromats 101 owning a laundromat business laundromats are a great profitable part time business that only requires 1 2 hours a day in labor.

Pros and cons of owning a laundry mat. Let s be honest one of the top reasons people go into entrepreneurship is to have more freedom. Here are some of the less glamorous aspects of owning a laundromat. Opening a laundromat can be a rewarding investment that is both profitable and gives you the freedom to run a successful business without being tied to the office all day. A recent gallup poll found that 66 of potential entrepreneurs are held back by the fear of business failure.

Cons of owning a laundromat. You can open a laundromat in the perfect part of town have access to plenty of customers and never earn a profit. Laundromats provide a steady reliable revenue stream and are a recession proof business. Does that list of benefits make you want to go out and buy a laundromat.

List of the cons of owning a laundromat 1. There is always a risk when you own a business. The laundry industry has a 20 35 roi and nearly a 95 success rate according to speed queen. Things won t always be neat and orderly.

On the other hand laundromats are capital intensive and consume a large amount of utilities. High roi and success rates. However when considering opening a laundromat there are some pros and some cons to consider. Here are some of the pros and cons of owning a laundromat.

And it is stable remaining at approximately the same level for the past five years. Owning a laundromat pros and cons. Pros of owning a laundromat. We ve heard or experienced many ups and downs along the way and we want to pass the lessons we ve learned on to new entrepreneurs.

With a nine to five job you may get a steady income but your work life balance is not exactly great. Hk laundry s karl hinrichs a laundry veteran. This is a great fit for professionals and investors looking for a more hands off investment opportunity or for those who simply want the freedom that comes running a business that doesn t require being onsite or managing a large number of employees. Buying a laundromat may be one of the best small business investments a new business owner can make for many reasons.

The laundromat industry in the united states is vast reaching five billion per year in 2018. Even the best jobs have their drawbacks and it s up to you to determine if it s worth the effort. Laundromats are a great part time business as they can be very profitable with very little labor or attention.