Why You Should Consider Starting A Laundromat To Make A Living

By Soko Directory Team / October 29, 2019 | 12:30 am




How many times do you take your clothes to the laundry? How much do you pay every time you take your clothes to the laundry? Are you usually the only one who takes your clothes to the laundry or there are others who do? Are you always satisfied with the services being offered at the laundry?

Are you thinking of starting a business? What are some of the business ideas do you have in mind? Have you ever thought of setting up a laundry business? Did you know that the laundry business is one of the most thriving businesses around the globe?

Indeed, the business environment in Kenya is currently tight for most entrepreneurs, especially those in the Small Medium Enterprises (SMEs). Stats show that at least 450,000 SMEs are dying annually in Kenya. This translated to at least 30,000 SMEs closing shop monthly and at least 1,000 daily.

In such an environment, the probability of a business to see its second birthday is like a dream that only depends on a shred of hope that might or might never hold to the end. People are increasingly on the lookout for a business venture that will not only give them their daily bread but also sustainable and easily manageable.

Why not start a Laundromat?

The Laundromat business is one of its kind type of business as it does not require complex inventories as well as receivables. It is one of the most thriving businesses in Kenya and around the world right now.

A Laundromat is a self-service business with little need for attendants. If you are worried about having many employees milling around your establishment while you scratch your head on how you will pay them at the end of the month, you better relax.

Are you thinking of setting up a laundry business? Here are factors that you should always consider:

Location: The success or the failure of a Laundromat is dependent on its location. The location of your business should be dictated by the proximity to the target customer base. Ideally, your business should not be very far away from residential areas. Your business should also be at a place where it can easily be seen by first customers to-be. You must know that people rarely travel long distances to have their laundry done. Your business, therefore, should be within a radius that as many people as possible can access it without thinking of transport costs.

The market: No business exists without a market. Simply, no business exists within a vacuum. You need to set up your business close to the market that you are targeting. Before setting up your business, you need to carry out market research; call it a reconnaissance sturdy sort of. Find out whether the people you target often take their clothes to the laundry or they prefer doing it themselves. Ask yourself the following: do these people do laundry? Where do they take their laundry? How often do they do laundry? What kind of services do they prefer? What is it that you will offer them so that they can come to you?

Cleanliness: If you are doing laundry, then your level of cleanliness should be beyond measure. With laundry business, your customers should never be cleaner than you. What business will they have with you if they can be cleaner than you? You must be uniquely clean for them to trust you with their laundry.

Competition: Lastly, you must always check on the competition. Again, no business exists in a vacuum. In every business, there must be a competitor. Before setting up your business, find out: who are your competitors? How far are your competitors? What services are your competitors offering? Can you do better than them?
Worried about the machines?

Have you heard about the LG Commercial Laundry? This is currently one of the most innovative, most efficient products on the market that provides meaningful and differentiated values to customers thanks to LG’s product reliability, low maintenance cost and energy, and space-saving.

LG’s efforts continue to enhance the global presence in commercial laundry and to maximize profitable and sustainable growth with global partners.

When LG Commercial Laundry Systems, you get a total laundry solution that includes some of the most suitable equipment and full of support for your business.





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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