If you’re a laundromat owner or potential investor looking for ways to boost sales and cut costs, here are a few pointers to consider:
Control Utility Costs
Utility costs in the laundry sector are also much higher than in other small businesses due to the design of the industry. Utility cost management may have a significant impact on the company’s bottom line. Nearly 69% of laundromat owners said that controlling utility costs is the most difficult challenge they face today, with utilities accounting for nearly 22 percent of gross revenues on average.
Installing high-efficiency commercial laundry equipment will help you save a lot of money on your utility bills. Coin-operated washers and dryers that are both water and energy-efficient, such as those from Tolon, are a perfect long-term investment for lowering running costs and lowering your environmental impact.
Upgrade your Old Laundry Machine
While upgrading commercial laundry equipment requires a larger upfront investment, obsolete equipment can cost businesses more than they expect.
Downtime for some or all machines may cause service interruptions, a negative customer experience, and higher repair costs. Older devices often take longer to wash and dry fabrics, reducing potential customers’ business ability while increasing utility costs.
Despite these prices, many laundromat owners choose to retain their older machines due to the high initial costs of upgrading. Fortunately, laundry equipment suppliers will help you build, maintain, finance, and rent commercial laundry equipment as a strategic partner.
- Streamline Service, Repairs, and Replacement of Equipment
When you have a good understanding of your market, you can start thinking about pricing and promotions that will help you increase your profits. A laundromat, for example, that has established slow periods can run time-sensitive promotions with lower prices to improve sales during those periods.
A good commercial laundromat partner can assist a business in identifying its slowest periods as well as managing time-based promotions and special offers for customers remotely. Real-time monitoring, remote site control, and customer loyalty services are all possible with an innovative commercia laundry solution.
- Additional Revenue Streams
Customers who wait for their laundry at most laundromats will stay on-site for hours. Why not boost revenue and maximize returns by making additional sales to your existing customers? Here are some suggestions for new revenue streams:
Laundry Services: Offering additional laundry services to customers is a popular way for laundromats to increase sales. Laundry services such as wash and fold, shipping, ironing, and dry cleaning are only a few examples of laundry services that can help you attract new customers and keep existing ones engaged.
Vending Machines: Vending machines for snacks or laundry products are a natural fit for laundromats, especially self-service laundromats. Selling laundry detergent, fabric softener, dryer sheets, and even beverages and treats to consumers is a perfect way to add value and convenience.
Entertainment: While televisions or free WiFi are not exactly revenue drivers, they can entice consumers to stay on-site and spend money on other things while they wait. Arcade games are another choice for keeping consumers amused while also generating extra revenue from the coins they already have.
Hybrid Laundromats: To better differentiate your laundromat, consider adding an extra service that will cater to your clientele. Cafes, children’s play areas, workspaces, and convenience stands are only a few of the many unique resources available to laundromat owners.
Laundromat owners and investors gain access to a complete suite of laundromat facilities and solutions when they partner with Henson Laundry as a strategic laundromat supplier. Make the most of your laundromat investment by leveraging our industry experience to increase company profitability.
Contact us at; 0706 606 072 or info@hensonlaundry.comVisit our showroom at Ananas Centre, Westlands to learn more about how Henson Laundry can help you maximize the return on your laundromat investment with our many services and solutions.
