The location of your laundry shop may make or break your business. The following are three important points to look out for when searching for the best place to open your shop:
Demographics
A coin laundry business is targeted at households or individuals with no access to laundry equipment at home possibly due to space constraint. There are also renters who are staying for a short time and do not see the need to purchase their own laundry equipment.
These target groups are usually concentrated in high-rise residences such as apartments and condominiums. Hence, opening a coin laundry near these residential buildings would promise good business potential.
High-traffic Street
Ideally, your shop should be located along or in close proximity to a busy main street. A frontage facing the road would be an added advantage to provide great visibility for your business. Such a location would also mean easy access to your shop.
Convenience
Most coin laundry customers do their laundry in loads. So, it would be easier for them to carry their laundry in and out of a shop lot which is located at the ground floor.
There should also be plenty of parking spaces in front of the shop so that your customers would not need to walk too far to reach your shop.
Do your research
You might need to do some research and site visits before you settle for the location with the right conditions. You may also enlist the help of a real estate agent to help you find the most ideal location. This can save you tremendous time and effort rather then you doing all these yourself.
With a prime location, it is easy to capitalize on the ready catchment in the neighbourhood, for a steady stream of customers to ensure the success of your coin laundry business.
