{"id":20784,"date":"2024-10-02T11:08:58","date_gmt":"2024-10-02T16:08:58","guid":{"rendered":"https:\/\/speedqueencommercial.com\/en-us\/?p=20784"},"modified":"2024-10-02T11:08:58","modified_gmt":"2024-10-02T16:08:58","slug":"4-tips-for-laundromat-investors-new-to-the-business","status":"publish","type":"post","link":"https:\/\/staging.speedqueencommercial.com\/en-us\/news\/4-tips-for-laundromat-investors-new-to-the-business\/","title":{"rendered":"4 tips for laundromat investors new to the business"},"content":{"rendered":"<p>You\u2019ve done all the business research and have come to one conclusion \u2013 laundromats are the way to go. Investing in this business will deliver the ROI you seek and enable you to operate it as you want.\u00a0 So, why not take the advice and tips of veteran store owners to avoid pitfalls and get off to a good start.<\/p>\n<p><strong>Pick a rockstar distributor<\/strong>. While it seems like the natural flow is to pick an equipment manufacturer first, experienced owners say choose the distributor first. If they are a great, experienced, full-service distributor, they likely represent a high-quality equipment brand.<\/p>\n<p><strong>Absentee owner?<\/strong> Most owners will tell you the hands-off idea investors have of laundromats isn\u2019t reality \u2013 if you are doing it right. Off-site management systems and cameras certainly help owners stay current, but the industry\u2019s most successful owners spend time in their stores or have a manager(s) heavily involved. The point is, being there matters.<\/p>\n<p><strong>Give customers space<\/strong>. When approaching the layout of your laundromat, don\u2019t occupy every square inch of space with equipment. Today\u2019s popular laundromats focus on a floor plan that gives customers space to move around and not bump into others. A great customer experience means you can charge more.<\/p>\n<p><strong>Don\u2019t cheap out.<\/strong> High-quality equipment with flexible, user-friendly controls makes a huge difference in terms of upsell opportunities, maintenance, and, of course, resale value when you sell the business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019ve done all the business research and have come to<\/p>\n","protected":false},"author":53,"featured_media":289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[79,1],"tags":[],"class_list":["post-20784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-laundromats","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 tips for laundromat investors new to the business - NA Speed Queen Commercial<\/title>\n<meta name=\"description\" content=\"You\u2019ve done all the business research and have come to one conclusion \u2013 laundromats are the way to go. 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