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Tag Archives: investment business in malaysia

5 Reasons to Invest in a Coin Laundry Business

malaysia reasons invest coin laundry business

1. Increasing Demands

It is a high rising trend and convenience for residences and busy schedule people. High-rise buildings doesn’t give much space for drying racks and washing machine and people that has business schedule doesn’t have time to do their laundry.

The minimal space for high-rise buildings doesn’t give enough space for proper laundry equipment and minimal drying area. Even if there are space, not many people would own a dryer which could help them save time but not electricity.
People that have busy schedules like business men and women do not have time to wash, dry and fold their clothes. Hence the increasing demand for laundromat which offers them convenience and save their time like drop-off and pick-up services.

2. Non-seasonal and no inventory business

Laundromat doesn’t rely on the weather or latest trends. Most laundromat has a steady flow of customers during their opening hours. There’s no perishable goods or any sellable product involve, because all you need is washing machines, dryers and benches. There’s an option of recommendation to even own vending machines or television for entertainment while people are waiting for their laundry to be done.

3. Transaction

It is a trending payment method to pay everything through your mobile phones, but certain people would still prefer the old school way of using coins for laundry. It is a very convenient way of maintaining your services with minimal fear of missing cash or chasing customers for payments.

4. Low economy risk

In this modern living lifestyle, time is precious. You will have a higher survival rate in this business line compared to other businesses with higher risk of closing down or losing business. As long as you have good services and well maintained machines and environment, your customers will keep coming back because of how good you are.

5. Minimal labour requirement

As mostly everything is self-service, there’s no need to employ many workers for various particular position. All you need is a supervisor to supervise everything that is going on in the laundromat, as there’s no need to collect any cash in hand.

If you have thought of having a drop-off and pick-up laundry service, payment could be easily done using mobile phones or even member card since in this century, everything is based on technology.

Invest in Coin Laundry. Reliable investment opportunity!

malaysia coin laundry reliable investment

As clean clothes are necessity, people would spend to get their clothes clean. Even travellers take advantage of going to a laundromat to have their clothes clean and travel around with ease. This kind of business keeps the cash flow going despites the economy. Treating your customers well will have a higher chance of them wanting to return to your store.

Laundromat’s owner must always consider to give the best for their customers, having well-conditioned environment and well maintained machines for customers to use. There’s a lot of aspect to consider for your customer needs, by using feedbacks from your customer you can know their preferences or recommendations. The most important and must consider part about owning a laundromat is these few points below :

  • Opening Hours is very important to be considered. Busy scheduled people would usually have their scheduled too packed and considering the traffic hours would give them stress to arrive at the laundromat on time to settle their clothes.
  • When it comes to services, it must always be inconsideration of the well-being of their customer – like the cleanliness of the environment and machine that would not suddenly break down, entertainment or snacks to enjoy during their wait. If there are customers that would prefer to drop-off service, they clothes would be wash and folded well without any crumple.
  • Maintenance of the place must always be clean, comfortable and convenient (stable and usable machines).
  • Labour cost is minimal and easier to find as there is no need to get a specific professionally trained skilled workers to maintain the services and the condition of the laundromat.
  • There are also high recommended things to have for the laundromats, such as, vending machines, television and other entertainments.As for customers all they need is a clean and well maintained place. It is very crucial that they can be comfortable when they are doing their laundry.
  • Self-serve customers are those that does their own laundry. They would be spending time doing their laundry while waiting in the laundromat. Since it takes time to get their laundry done, why not give them some entertainment and snacks?
  • Full-serve customers has busy schedule and would want to save time. They would prefer to go for laundromats that offer time-saving convenience like drop-off and pick-up service. Such service includes in wash-and-fold and dry-cleaning service would help them a lot and also save time.If you are interesting in owning a laundromat, all you need to do is to have enough research about the business by talking to the laundry owners, joining associations and reading the trade literature.

How to Start a Coin-Operated Laundry

malaysia how start coin operated laundry

Starting a business and maintaining it despite the economy and competition. Investing your time and money into lower chances of success rate will only waste your time and money. In this modern society, coin-operated laundry will give you a higher chance of success. You must know how to produce profit over time to be a successor in this industry, therefore, we have the most important keys and business plan for you to get there.

Start-up Capital

Irregardless all, the most important key of starting a laundromat is the capital you have in hand. It is a must to have more than enough cash on hand to prevent your business from struggling during the beginning of the business. This business model has been successful because the start-up capital requirement is low and the location.
Capital can either come from cash in hand or loan. It would be much easier to take a loan for the capital while investing , however, make sure to pay it off over time. There are cases where people get into too much debt from loan and ended up restricting their financial cash flow.

Picking a Location

The decision of the location and area is essential to bring success over time in business. Despite the excitement over investing into a new business to start out, spend an appropriate amount of time researching on the area to invest in. The location you decide is important due to the type of customer you will be serving. Customers that usually come by the laundromat are those that doesn’t have their own machine or time to do laundry. It is important to serve your customers in relation to finding the right area to invest in.

Advertising

Your customers must know the services that you have in order for them to come by with their laundry. Therefore advertising is an important aspect to your success. In regards of your customers lifestyle, the least they need to worry about is getting their laundry clean.
During your process of designing an advertisement, it is necessary to show the convenience of your laundromat services, opening hours and your lowest rate. Instead of letting your customer to find a laundromat to their liking, why not show them your clean and safe facility in their area that they can trust to get their laundry done well.

Laundromat Materials

The initial materials cost are high nowadays. To start a laundromat business that are required, you can find a used product that works well as new ones or those that are on sale. If you’re able to save money from this, it will help you to earn profit sooner in the laundromat business.

Targeted Users

The targeted users and customers would usually not have much of disposable income, therefore this could help them have a more comfortable and easier lifestyle. It would be dangerous if the laundromat area isn’t safe to go at night, providing a comfortable and safe laundromat environment will give your customers confidence in their safety as well as providing quality and user-friendly washer and dryer equipment will let them use it with ease. Even though it won’t be an easy business to succeed in, there are many laundromat you can refer to for your sales and profit.
After all your research, you can now begin to start with your business plan and make profits in your future laundromat.

5 Reasons to Invest in a Coin Laundry Business

learn how to invest coin laundry business in Malaysia

1. Increasing Demands

It is a high rising trend and convenience for residences and busy schedule people. High-rise buildings doesn’t give much space for drying racks and washing machine and people that has business schedule doesn’t have time to do their laundry.
The minimal space for high-rise buildings doesn’t give enough space for proper laundry equipment and minimal drying area. Even if there are space, not many people would own a dryer which could help them save time but not electricity.
People that have busy schedules like business men and women do not have time to wash, dry and fold their clothes. Hence the increasing demand for laundromat which offers them convenience and save their time like drop-off and pick-up services.

2. Non-seasonal and no inventory business

Laundromat doesn’t rely on the weather or latest trends. Most laundromat has a steady flow of customers during their opening hours. There’s no perishable goods or any sellable product involve, because all you need is washing machines, dryers and benches. There’s an option of recommendation to even own vending machines or television for entertainment while people are waiting for their laundry to be done.

3. Transaction

It is a trending payment method to pay everything through your mobile phones, but certain people would still prefer the old school way of using coins for laundry. It is a very convenient way of maintaining your services with minimal fear of missing cash or chasing customers for payments.

4. Low economy risk

In this modern living lifestyle, time is precious. You will have a higher survival rate in this business line compared to other businesses with higher risk of closing down or losing business. As long as you have good services and well maintained machines and environment, your customers will keep coming back because of how good you are.

5. Minimal labour requirement

As mostly everything is self-service, there’s no need to employ many workers for various particular position. All you need is a supervisor to supervise everything that is going on in the laundromat, as there’s no need to collect any cash in hand.

If you have thought of having a drop-off and pick-up laundry service, payment could be easily done using mobile phones or even member card since in this century, everything is based on technology.