Laundrymart
How to Start a Coin Laundry Business
Maintain your equipment regularly to keep customer satisfaction high.
Entrepreneurs who are looking for an operation that requires less of a hands-on approach may consider starting a coin laundry business. The business requires a substantial amount of planning and hard work during the start-up process. However, once the initial work is done, much less work is required. Research the market thoroughly. Even if there is already a laundry business in the market you are looking considering, think about how you can compete. This begins with providing higher-quality service. The location of your business will be critical to your success.
Things You'll Need * Business plan * Legal and tax documents * Property * Laundry equipment lease * Wireless Internet access * Vending machines
Show (3) More
Instructions
1. * 1
Conduct thorough market research. Develop a marketing strategy that will allow you to compete within the market. Write a concise business plan to guide you through the set-up phase. Include a mission statement, description of your business, analysis of the market and competition, a detailed marketing plan, financial documents and lease contracts necessary to start your business. A coin laundry business can be a profitable venture, but a comprehensive plan is essential. * 2
Meet with local officials to determine what permits or licenses are necessary to run a coin laundry business in your area. File any necessary forms at the local level for permits and taxes. Meet with your local small business administration office. Discuss any questions you may have regarding the legal and tax documents you will need to file with state and federal agencies. Ask them to suggest a local attorney and accountant if you have any further concerns or questions. File the necessary forms. * 3
Search for a property to operate your coin laundry business. A central location within the
Maintain your equipment regularly to keep customer satisfaction high.
Entrepreneurs who are looking for an operation that requires less of a hands-on approach may consider starting a coin laundry business. The business requires a substantial amount of planning and hard work during the start-up process. However, once the initial work is done, much less work is required. Research the market thoroughly. Even if there is already a laundry business in the market you are looking considering, think about how you can compete. This begins with providing higher-quality service. The location of your business will be critical to your success.
Things You'll Need * Business plan * Legal and tax documents * Property * Laundry equipment lease * Wireless Internet access * Vending machines
Show (3) More
Instructions
1. * 1
Conduct thorough market research. Develop a marketing strategy that will allow you to compete within the market. Write a concise business plan to guide you through the set-up phase. Include a mission statement, description of your business, analysis of the market and competition, a detailed marketing plan, financial documents and lease contracts necessary to start your business. A coin laundry business can be a profitable venture, but a comprehensive plan is essential. * 2
Meet with local officials to determine what permits or licenses are necessary to run a coin laundry business in your area. File any necessary forms at the local level for permits and taxes. Meet with your local small business administration office. Discuss any questions you may have regarding the legal and tax documents you will need to file with state and federal agencies. Ask them to suggest a local attorney and accountant if you have any further concerns or questions. File the necessary forms. * 3
Search for a property to operate your coin laundry business. A central location within the