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As a vended laundry investor, be as certain as possible that your money and efforts result in a successful, profitable outcome. As you look to invest in an existing vended laundry, or develop a new one from scratch, there are multiple critical factors to consider that will ultimately shape your business’ success. Nobody understands those factors — site selection, store…

Whether you’re purchasing and renovating an existing vended laundry, or starting one from scratch, a Pro forma income statement is one of an investor’s most important tools in not only attaining financing, but understanding your business’ revenue and expenses projections. It helps you plan, predict, control and analyze the risks associated with your laundry’s funds. Moreover, it can highlight different…

In many settings utility, real estate and rent costs are on the rise, which makes doing business tricky. Luckily, for the vended laundry owner, there are many concrete ways to effectively combat costs, while simultaneously strengthening customer turnover. Read on for constructive tips for renewing your laundry for maximized revenue and profit. As always, call on your equipment distributor to…

In the vended laundry world, there are ways to boost profit and revenue simply by giving customers what they most want. In this column, I’ll detail tried-and-proven service additions that enhance customer convenience, as well as new, trending offerings that help you stand apart from your competition. Both contribute to stronger revenue and profits. Vending Machines Whether these machines vend…

Not all laundry improvements need to be complicated or require more labor. Some, like those mentioned in this column, involve simple changes/additions to existing vended laundry equipment. Singly or comprehensively, they’ll work to set your laundry apart and generate considerably more income per square foot. #1 Ozone Sanitization In the right concentrations, ozone gas almost completely eradicates bacteria, superbugs and…

When your washers and dryers are aged out or inefficient, it’s time to retool for greater revenue and profit. While planning that equipment retool and comparing brands, ask yourself the following questions: Will the new equipment set your laundry apart from the competition? Will it attract and serve more self-service customers? Will it increase customer turnover for more paying customers…

Spurred by the pandemic, vended laundries are looking to sanitize laundry loads in order to differentiate themselves from the competition, draw new customers, boost revenue and provide the cleanest, healthiest environment possible. Read on to learn how vended laundries might add sanitization as a premier amenity and make more money in the process! Methods for Sanitizing Laundry Loads Practically speaking,…

Most laundry owners don’t look extensively into washer programming. Perhaps they should. While many washer brands offer controls allowing for various levels of programmability, some laundry operators default to factory settings. In doing so, they might miss out on opportunities to cut utility costs, generate additional revenue and fuel store profits. In this column, I delve into how washer programmability…

As a vended laundry owner, it’s important to have more than just one large washer-extractor with 80- to 130-pound capacity on your business floor. You need have an offering beyond what the typical home or apartment washer can provide. Large-capacity washers help you to stand apart from the competition, are more profitable than smaller washers, and attract both traditional and…

Machine flexibility is critical to how your laundry functions now and into the future. Laundry owners with flexible equipment are at an advantage. They have the ability to alter machine locations, programming and vending. Some even have the adaptability to add critical features to meet CDC laundering guidelines and/or provide disinfection. So what do you look for when it comes…