Any laundromat can turn a decent profit, but there are a few things you should do if you want to turn yours into a money-making machine. It won’t be easy to increase your laundromat’s appeal, but if you put in the time, it will certainly be worth it. Read on to discover how to make your laundromat more profitable.
Install Vending Machines
When people stay in your laundromat for a few hours to clean and dry their clothes, it’s only natural they’ll look for something else to do while they wait; munching on a tasty snack or drinking a cool soda is a great way to kill some time. More importantly, it can put extra money in your pocket. You can also use the machines to sell small packs of laundry detergent for those who run out or forget to bring their own.
Upgrade Your Appliances
Upgrading your washers and dryers is a significant investment, but it will ultimately be worthwhile. For one thing, customers will be more excited to come in and use the new machines. For another, newer washers and dryers are far more efficient than their old counterparts, meaning you can save a lot of money on your utility costs each month.
Use a Cashless Payment App
Perhaps nothing can make more of a financial impact than switching up how customers pay for laundry services. While coin-operated machines may be the way it’s always been done, a great businessperson knows that company growth means making changes.
You need to shake things up and enter the modern era, especially if you want to attract young people to your laundromat—young people living in apartments are the most likely age group to need a laundromat. The easiest answer is to install cashless payment systems on all your machines.
This simple upgrade allows your customers to pay for their laundry from their phone, making it a much easier process than fumbling for coins and dealing with slots that don’t work.
Now that you know how to make your laundromat more profitable, contact a company that can help you set up a cashless payment system and watch the money roll in!