If you’re a laundromat owner, you’re most likely looking for ways to increase revenue and profits while decreasing expenses. Of course, it goes beyond lessening your expenses in alliance laundry parts or investing in energy-efficient machines for customer satisfaction.
Did you know that you can do more than offer your customers high-quality commercial laundry equipment and laundry parts from places like Laundry Replacement Parts? Yes, you can bring on new services to further expand your laundromat, increasing revenue without spending so much on capital.
Here are a few ideas you can consider:
- Wash-Dry-Fold Services
This is a complete-service laundry option that gives customers even more satisfaction and convenience. Customers will just need to drop off their laundry, with a staff member tending to all the steps of the laundry process.
You can charge a bit extra for wash-dry-fold services per pound of laundry or offer it at a general flat-rate. This option will require more staffing and training, but it’s great for those with higher-income clientele, businesses, and organizations who can pay for extra services to save time and effort.
- Rush and Delivery Services
For those who already offer the typical wash-dry-fold services, you can still offer other services for convenience. Laundry delivery services are another great option to expand. Who wouldn’t want to receive their clean and folded laundry on their doorstep, saving the hassle of picking it up?
You can even opt for a rush option for customers in a hurry who can’t wait for the typical service timeline. You won’t have to invest too much time and money when expanding your business.
- Sell Other Useful Items
If you want to grow, then why not consider offering other items, like merchandise and products to sell over-the-counter? You can sell shirts, and hats, among other swag featuring your business’ logo. You can also sell other laundry necessities like laundry baskets, bags, hangars, stain removers, or detergents.
This is an excellent money maker that customers will appreciate as it provides more convenience.
- Vending Machines
Vending machines are another popular form of laundromat expansion and they are considered more of an amenity than a service. Even then, they are a great option if not offered in your laundromat yet. There are various vending options to choose from depending on what your customers want and need.
- You can set up food and beverage vending machines, which are very profitable as customers crave food when waiting for their clothes to wash or dry.
- Soap or laundry detergent vending machines are an excellent option to increase revenue, too!
- Hybrid Laundromat
Hybrid laundromats are becoming more and more popular, with businesses combining laundry business with cafes, bars, or bakeries. You can reach a different customer base while building loyalty and brand awareness. It’s additional revenue that entices people to stay longer, which means they can spend more money.
Wrapping It Up
You don’t need to stick with the traditional laundromat services! Try any of the business expansion ideas above to gain more revenue!