Opening a laundromat is a smart move. Believe it or not, there are many people today who still do not own their own washer and dryer. So every weekend they load up all their dirty laundry and drive to the nearest laundromat to wash and dry their clothes. It's a pain but needs to be done, and somebody has to provide the laundromat. Why not you?
Start by taking some online business classes. You don't have to go for a full degree (although it can't hurt!) but a few courses in business management can help you avoid some common mistakes new business owners make.
The next thing you need to do is plan. You may be trying to figure out what you have to plan. There are several aspects of opening a laundromat that you need to plan for. You are going to want a location that has a high volume of traffic. Without the traffic, you will not stay in business long. You will also want to find a location that has suitable parking. If your customers can't find a parking space, they will go somewhere else. The location you choose should have two entrances. Having two entrances in case of emergency will reduce your insurance premiums with some companies.
You will also want a location that can accommodate the size of your business. You need to decide how many washers you want, as well as dryers. Make sure you find a place that has plenty of room after all the equipment is set up. You don't want your customers bumping into each other. Laundromats get hot when the dryers are running, even with air conditioning. In the summer heat, tempers can flair if they don't have enough room to maneuver while doing their laundry. Your location needs to accommodate tables for your customers to fold their laundry. You will need several of them. You may even want a play area for the children. That will increase the size of your location. And it must have restrooms.
When you decide to open a laundromat, make sure you have enough washers and dryers so your business can grow. You will want several different sizes of washers. There are the regular top loaders, front loaded double and triple washers. This will handle all of your customer needs, but will also increase the size of the location.
Finally, you may want to consider an extractor or two for your customers. It will save them money and guarantee repeat business as well as word of mouth advertising that is priceless. So when you decide to open a laundromat, plan well - and don't forget that online courses in business administration can help you realize your dream!