3 Tips For Making Extra Money At Your Laundromat

Business Blog

Obviously, your main source of income in a laundromat is the money that you make off of your coin-operated washing machines and dryers. However, there are other ways that you can bring in some extra cash. Plus, adding in a few amenities that can help you make more money can also help make things more comfortable and convenient for your customers. These are some ideas that you can use to make some extra cash.

1. Sell Laundry Detergent and Other Laundry Supplies

Don't assume that all of your customers will bring their own laundry supplies; some might forget them at home or might be relying on public transportation or friends and are unable to get a separate ride to the store. By selling laundry detergent at your laundromat, you can make sure that your customers all have what they need and can make a little bit of cash off of it as well. Along with selling laundry detergent, you can also consider providing other supplies like dryer sheets, fabric softener, and starch.

2. Put in Vending Machines with Snacks and Drinks

Doing laundry can be quite boring and can take a while, and your customers will probably get hungry and thirsty while they're there. There's no reason to send that business across the street to the convenience store when you can make money by selling drinks and snacks in your laundromat. Invest in a few vending machines yourself, or work with local vendors who will place vending machines in your laundromat and pay you a monthly fee or share a percentage of the profits.

3. Install ATMs

In today's world, more and more people use debit and credit cards for everything and seldom have cash. Having an ATM machine on-site can make it easy for customers to take out cash to put in your machines and can allow you to charge a per-use fee to bring in a little more profit. You will also want to put in a few coin machines if your machines only take quarters, although these machines are generally offered as a service and do not provide any profits.

If you are looking to make more money at your laundromat, consider offering these amenities. Then, along with ensuring that your customers have the easiest and best experience when they visit your laundromat, you can also make a little bit of extra cash. In fact, you might be surprised by the extra income that you can pull in with these three methods.

For more information, contact a company like Metropolitan Laundry Machinery Sales Inc. 


27 November 2015

tax advice for the small business owner

Tax time comes around every single year. Do you file married jointly or separately? Do you claim your property taxes and medical bills? What about a home office and the expenses for it? Were there any changes in tax laws that you should be aware of? My site is filled with advice for small business owners for tax time. You will learn how to get the most from your return and what could trigger an audit or red flag on your tax forms this year. Hopefully, what I have included on my site will help at least a few small business owners get through tax time with less stress.