A laundromat business, or a coin-operated laundry business, is a great business endeavour with potentially high returns that requires very minimal tertiary skills.
How to start
If you are interested in running a coin laundry business in Australia, there are several things that you need to consider.
First, you have to find a convenient location in Australia. An excellent location for a coin laundry business is one that is visible in the neighborhood. As business owner, you’ll also need to draft a budget to start your laundromat business. You’ll need to include the value of the lease as well as the washing machines and other laundering equipment that you will need.
Aside from securing a place and the equipment, you will need to include a maintenance plan for your small business, which includes taxes, utilities, repairs, and marketing.
Find an excellent alternative
Another great small business opportunity in Australia that will require less maintenance and planning from you is getting a claw machine franchise. Unlike building your own business, getting a franchise will save you from creating a business plan that might not work. Instead, you will be following a proven business plan that has benefited thousands of franchisees before you.
Since they are also coin-operated, you will only need to “set and forget” your claw machines, requiring minimal maintenance and servicing that can be done in a single day.