a profitable business?

Some of you may have seen ultra-modern laundromats opening on your street. At a time when the majority of households have a washing machine, one is entitled to wonder why such success? Is it a fashion effect? Would laundries have resumed their former social role? Let’s see in this article the reasons for such a phenomenon and find out if the laundry is actually a good investment plan.

A booming market

The success of self-service laundries can be explained first by demand: there are still people without a washing machine and not everyone necessarily has the space or the savings for it.

But some households deliberately decide to wash their laundry in a laundromat, to save time and save money. Where a laundromat can wash and dry up to 20 kg of linen in one hour, while benefiting from a professional service, a washing machine only washes 5 to 7 kg of linen, without drying them… These people take the opportunity to do a variety of shopping and take part in neighborhood life.

Also, some laundry items – such as duvets – are too large to be washed in a household machine.

If you go to a self-service laundromat, you will be surprised by the diversity of the clientele: seniors, students, executives, families… And if you come across a state-of-the-art laundromat, you will be impacted by the environment. advanced technology and home automation made available to visitors.

A simple business to open?

If the laundromat market is booming, it is also because investors and individuals find their account there.

Opening a laundry does not require any specific training. People of various profiles have opened one or more laundries in their city or even in several cities at the same time. Thanks to advances in home automation, it is possible to manage your premises remotely.

The initial investment is relatively low (between €50,000 and €100,000 depending on the number of machines, the price of the equipment supplier, the rent, etc.). The fixed and variable costs are minimal: there are no staff costs (at most one person to take care of cleaning and any maintenance).

As for the risk of non-payment, they are nil since most payments are made in cash or via the payment center.

Do you have to go through a franchise?

A franchise is a contract that binds a recognized brand to an individual: in exchange for an entry fee and royalties on sales, the franchisee can use the concept of the company.

Franchising is not compulsory but it minimizes commercial risks. The private individual arrives on a market already conquered, with know-how and a proven concept. Where private companies fail, franchises resist, thanks to this solidarity that binds the franchisee to his franchisor.

How much does a laundromat cost?

The turnover of a laundromat depends on its location, the number of machines available, seasonality and the prices charged.

Let’s estimate the turnover of a medium-sized laundromat (about 50 m2), open every day of the week:

  • Revealing turnover for the first year of activity:

– Around €35,000, with 20 to 25 daily washing cycles for an average washing price of €4, not including drying cycles, detergents sold, drinks and snacks if you install vending machines…

  • Turnover from the 5th year of activity:
  • Around €65,000 with 40 to 45 daily wash cycles for an average wash price of €4.

You could expect around €2500 in monthly income in the first year and over €5000 from the 5th year onwards. Of course, this income will vary according to the location and the crowds, the seasonality, the potential of the district (the districts being student carriers)…

Note: The numbers above are only estimates and should not be replaced with definitive numbers.

A laundry that has just opened generally allows you to generate additional income (for retirement, to supplement your current salary, etc.). It would take a second laundromat in operation to expect any immediate from this company.

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