If you have an interest in starting up and running your own business then have you considered running your own commercial laundry? It maybe that you have worked in the laundry business for years and now want to start up on your own, or that you are totally new to the business but have read up on the industry and are attracted by the ease of startup, market entry and good profits to be made. |
First things first, getting started in this business is not too hard as it is a simple business to set up and run. Whilst the initial start up costs may seem very high if you decide to buy all new laundry equipment outright, there are many options available when it comes to financing the equipment.
Outright finance is one, and banks do offer very good rates as a commercial laundry business normally generates a good profit and thus is considered a safe business to enter into, and hence a good risk as far as the banks are concerned.
Most people opt to lease the equipment from new, as attractive rates are available from most laundry equipment suppliers. This means a very low start up cost with either nothing to pay up front, or just 1 or 3 months lease payment up front. It is also possible to get leases with maintenance plans included.
When it comes to choosing a supplier of commercial laundry equipment, look for one that will provide you with advice on both start up and running costs as these can be essential when drafting a business plan.
You want to purchase from someone who will be able to advise you on what machines you need to purchase from the outset and more importantly what you do not need to buy, as when starting out you will gradually build up custom and may not need a huge capacity from the outset, although advice on what you will need to purchase as the business expands can prove vital to your long term success.
You will also need to take into account that your laundry business will be running 24 hours a day, and that you will have to recruit staff to cover this accordingly.
Lastly ensure that you buy from a laundry equipment supplier that offers a good after sales service, and a 24/7 maintenance service, and that also carries a large amount of spares, all of which are essential to the success of your laundry business.
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