If you are planning on opening a laundromat, there is a good chance that you are going to want to make sure that you are as successful as possible. One of the main ways that you are going to either guarantee your success or failure is choosing a location. If you choose a good location, you are going to get a lot of business and it's going to be great. If you choose a poor location, then you are not going to get as much business and your investments and work will be for nothing. While you are doing your due diligence by analyzing the business, you will need to ask yourself the following questions.
1. What's the population like around the area that you have chosen?
The first question that you should ask yourself is what the population is like around the area that you have chosen. You want to find an area that has mostly low-income to middle-income people living around it, since people with higher incomes will not bother with a laundromat and will have laundry machines in their homes. Good areas to put your laundromat include college campuses or near student housing that is just off campus, mobile homes that tend to not have washing machines or dryers, and areas will lower-end apartment buildings.
2. Is there parking?
No one wants to lug several baskets of clothing from their car that is parked several blocks away. If you have a lot of parking, then you are more likely to be successful because people will be more likely to actually use your facilities since they will be convenient. If you share parking with other businesses, make sure that they are businesses where people are frequently in and out, allowing there to be more parking for your customers. Avoid sharing parking with restaurants and bars that tend to have people who linger for a few hours.
3. Will the laundromat be visible?
You want to make sure that anyone wandering through your area will be able to spot your laundromat. This means that you might need to illuminate your signs or have additional signs scattered around that will clearly show people that there is a laundromat nearby. Also be sure that you have a strong online presence so that when people search "laundry near me," your laundromat will actually show up.
For more information, talk to a company that specializes in laundromat due diligence such as PBI Laundry Consulting.