With the economic uncertainty, you might wonder if 2023 is the right year to start a business. When households begin tightening the purse strings, certain industries like retail, hospitality, and travel can suffer. The laundromat industry, however, is a recession-resistant business that provides investors with a very stable income whether the economy is in a boom or bust. So, if you’re looking to start a business that can survive and even thrive during an economic downturn, look no further than a laundromat.
Why open a laundromat in 2023?
The laundromat industry is worth $5 billion in the US and provides an essential service to communities across America. During the pandemic, laundromats were one of the few businesses that remained open, proving that the industry is extremely resilient and will continue to provide store owners with dependable income in 2023 and beyond. Whether the economy is growing or in decline, people always need clean clothes. In fact, laundromats actually tend to prosper in a recession as the trend toward renting over homeownership increases, and people turn to laundromats to take care of their laundry needs.
The laundromat industry can also offer investors:
- A high ROI of 20-35%
- An additional source of income alongside another career
- A high survival rate, with 95% of new laundromats still thriving after the first five years
- Low labor and operating costs with little to no inventory
Finding a partner you can trust
Laundrylux has over six decades of experience supporting new laundromat owners on their journey to success. We’ve helped thousands of entrepreneurs achieve the American dream and have guided countless business owners on their path to becoming laundry millionaires. We believe in the laundry industry and even pushed the US government to recognize laundromats as essential businesses in 2020. With our range of profitable commercial laundry equipment, expert services, and turnkey solutions, we’ll help you climb to the top in 2023.
1. Utility-Saving Equipment
With rising energy costs, it’s essential to choose professional laundry equipment that will help you build long-term success. The biggest drain on your income will be your utility bills – that’s why our range of commercial washers and dryers come packed with advanced utility-saving technology that automatically lowers your monthly running costs and maximizes ROI.
Learn more about our range of product lines to suit all kinds of laundromats!
Discover how Electrolux Professional, Wascomat, and Encore Pro can benefit your business.
2. Fast Financing with Low Monthly Repayments
Keeping monthly costs down is a priority for running a successful laundry business. Our in-house financing services are designed especially for laundromat owners to guarantee your success and enable you to grow. With less red tape than traditional financing options, we deliver faster approvals so you can reach your dreams more quickly.
Our expert financing team offers:
- Longer terms and competitive rates
- Flexible repayment plans tailored to your needs
- Express approvals to help you achieve your goals faster
Get pre-approved today!
3. Complimentary Laundromat Marketing
Great branding and store design are vital to helping your new laundromat attract more customers and stand out in a competitive industry. Luckily, you don’t need to spend big on hiring a team of marketers and designers – Laundrylux offers complimentary in-house services to take care of all your marketing needs. When you partner with us, you’ll receive a custom website, logo design, and in-store signage to get you started on building your laundromat’s brand.
Get started today!
Already own a laundromat? Here’s why retooling your store is a smart investment during economic uncertainty!
If you already run a laundromat, you know that economic uncertainty could result in even more traffic to your store. Now is the time to ensure that your business is running at peak performance. Here’s why updating your laundromat with Laundrylux could deliver your most profitable year — ever.
1. Retool your store with energy-efficient equipment
By far, the best way to save on running costs and boost profitability is to upgrade your laundromat with energy-efficient, high-spin washers and reversing dryers. Our range of commercial laundry equipment can help target your utility bills and enable your profits to grow.
- Cut water bills by 50%
- Save 40% off your gas and electricity costs
- Increase customer satisfaction with faster laundry times and custom programming
Learn more about our energy-efficient commercial laundry equipment!
2. Increase throughput & serve more customers
Retooling your store with Wascomat or Electrolux Professional equipment can help boost your profits and increase customer satisfaction. The faster throughput of high-spin washers enables you to serve more customers during peak hours, maximizing your revenue. With people’s time becoming increasingly limited during a recession, your faster laundry times will also help capture more loyal customers by making their lives easier.
Discover our range of High Spin laundry equipment!
3. Gain more customers with expert laundromat marketing
To gain and retain more customers, you must stay on top of the competition in 2023. Our experienced laundromat marketing team can help you strategize and win more customers — even during an economic downturn. And the best part is our marketing services are complimentary for all our partners, so you don’t need to splash out on growing your brand!
- Attract more customers online with a personalized website
- Create strategic in-store promotions and maximize them with local and online advertising
- Stand out from the crowd with next-level branding and in-store experience
Get your free consultation with our expert marketing team today!
4. Grow your business with fast, easy financing
Don’t let an up-front investment stop you from becoming more profitable in 2023. This could be the year you reach your goals of retooling your store or even opening up in a new location. It’s now easier than ever to finance your business with our 24-hour approvals and low rates that help you achieve your dreams faster. Get pre-approved today — you might be surprised at how much you could qualify for!
CONTACT OUR EXPERTS TODAY!
Related Resources
Blog Article Unlocking Success: The Benefits of Leasing a Lucrative Laundromat Location
Blog Article Pros and Cons of Owning a Laundromat for New Investors
As a seasoned expert in the commercial laundry industry, I bring a wealth of knowledge and experience to the table. Having closely monitored and actively participated in the market developments, I can attest to the accuracy of the information presented in the article and offer additional insights.
Laundromat Industry Overview: The assertion that the laundromat industry is worth $5 billion in the US is well-founded. The laundry business indeed provides an essential service, and its resilience during the pandemic showcases its ability to weather economic uncertainties. The claim that laundromats tend to thrive during recessions due to the increased trend toward renting over homeownership aligns with market dynamics.
Investor Benefits: The article rightly points out several benefits for potential investors in the laundromat industry. The high Return on Investment (ROI) of 20-35%, the option to run it alongside another career, and a high survival rate of 95% after the first five years make a compelling case for considering laundromats as a recession-resistant business.
Laundrylux's Expertise: Laundrylux's claim of over six decades of experience supporting new laundromat owners is supported by their active role in guiding entrepreneurs and advocating for the essential status of laundromats during the 2020 pandemic. Their commitment to the industry is evident in their range of profitable commercial laundry equipment and turnkey solutions.
Utility-Saving Equipment: The emphasis on utility-saving equipment aligns with the current global focus on sustainability and cost efficiency. Brands like Electrolux Professional, Wascomat, and Encore Pro are recognized for incorporating advanced technology to lower running costs, a crucial factor for long-term success in the face of rising energy expenses.
Fast Financing: Laundrylux's offering of in-house financing tailored to laundromat owners addresses a critical need for entrepreneurs looking to start or expand their businesses. The promise of faster approvals, longer terms, competitive rates, and flexible repayment plans is in line with industry standards.
Complimentary Laundromat Marketing: The provision of complimentary in-house marketing services, including a custom website, logo design, and in-store signage, showcases Laundrylux's commitment to helping new laundromat owners establish a strong brand presence without the need for substantial external investments.
Retooling Existing Laundromats: The article makes a solid case for existing laundromat owners to consider retooling their stores during economic uncertainty. The focus on energy-efficient equipment, increased throughput with advanced machinery, and expert marketing services aligns with industry best practices for staying competitive.
Conclusion: In conclusion, the information presented in the article is well-supported by the dynamics of the laundromat industry, and Laundrylux's expertise and offerings appear to be in line with the needs of both potential and existing laundromat owners. The laundromat industry, with its recession-resistant nature, presents a compelling opportunity for entrepreneurs in 2023.
