Almost every employee dreams of one day becoming his or her own boss, which is why more and more aspiring entrepreneurs are coming up with new business ideas.
While a lot of entrepreneurs attempt to enter glamorous fields and high-stakes industry, only a few of them make it big. On the other hand, those in conservative businesses face much better odds in making money. And they’re usually a lot more relaxed.
One of the most efficient and resilient businesses you can consider is laundry. Now, I know this doesn’t sound sexy or earthshaking, but it’s something everybody needs. In fact, laundromats are built to withstand even the grimmest of economic situations. Whether in a recession or at the height of economic growth, people will always have clothes to wash.
If you’re interested or if you need more convincing, here are some of the reasons you should invest in a laundry business:
- It’s A Basic Need.
As mentioned above, people will always have clothes to wash–regardless of how well or how poorly they’re doing. With more and more people resorting to apartments and small living spaces, never before has the demand for laundry services been so high. Rather than waste the little living space they have on laundry equipment, people today would much rather do their laundry elsewhere.
If you haven’t noticed, this is the perfect time to start a laundry business.
- An Easy Return On Investment (ROI)
Since demand for laundry is high, it’s not difficult to get good returns on your investment. As long as you take care of your staff, maintain your machines, and set up shop in a decent location, you’re good to go.
Find a good neighborhood and invest in quality machines. Check out companies like Continental Girbau for a variety of durable, energy saving, cost-efficient, and affordable machines.
- It’s An All Cash Transaction Business
Nothing slows cash flow more than inefficient transactions and IOUs.
Thankfully, most customers pay for their laundry in cash, which means you’ll always have money flowing through your account. Moreover, you’ll have a much easier time keeping track of your revenue, saving you from a lot of unnecessary accounting expenses. Even if you opt for payment cards that your customers have to load money into, you’re still reaping in the cash. Oftentimes, you can charge customers a one-time fee for the cards, so that’s additional income for your business!
- You Manage Your Own Time
Owning a laundry shop gives you a lot of freedom and flexibility. With today’s smart machines, you can run your shop even when you’re away. Just install a few CCTV cameras and hire a staff member and you can practically run the whole thing from your phone. And if you want to, you can still keep your day job.
- Requires Minimal Labor
Because laundry is, by nature, a self-service business, there’s no need to bulk up on manpower. Most shops can be run by one employee–two at most. The only employees a laundry needs is an on-site manager and a repairman. Most of the time, your laundry machines can be operated easily. The commercial washers from http://cgilaundry.com are so easy to operate that they can practically run themselves.
Owning a laundry service is simple, profitable, and easy to manage–everything a business should be. In today’s world, where laundry technology is so affordable and accessible, starting a laundry business is a no-brainer.