As a keen investor or an entrepreneur, you must be looking for a perfect business model that can generate passive, predictable and recession proof income streams in one of the world’s fast paced economies. While retail businesses are shifting trends, the need for clean clothes will remain a constant. Well run coin laundries in Dubai show remarkable profit margins ranging from 30%-55%.
Dubai’s fast paced multi-cultural expat population, huge workforce, increased urban populations and busy lifestyles have transformed the coin laundry services into money making ventures. However, to capture this market, business operators need to have well-structured planning, gain the right permits and need heavy duty and high quality coin operated laundry equipment.
If you are ready to earn a consistent income monthly, here are the top 5 tips to set up a highly successful coin laundry business in UAE.
1. Get a Mainland Business License
Selecting where to register your business can be your first hard challenge. Many busy free zones in Dubai offer attractive tax benefits, but they strongly restrict your business ability to serve the local public market. To run a booming customer oriented laundromat, you need to establish a mainland business approval which you can get through the Department of Economy and Tourism (DET).
A mainland business license offers you flexibility of starting your shop anywhere in the busy streets of Abu Dhabi, Dubai and Sharjah. Through gaining a legal license you can attract maximum walk in customers from any neighboring local residents.
2. Select Highly Populated Residential Locations
The location of your coin laundry business determines your ultimate survival in the highly competitive business environment. Your target customers may consist of busy professionals, corporate workers, housing faculties or young expat tenants. Consider commercial spaces in the highly dense residential communities like Jumeirah Village Circle, Marina, Deira or staff accommodations.
Before you start a commercial tenancy contract, you need to check whether the building has high voltage electricity, robust plumbing and offers proper ventilation infrastructure to manage commercial machinery efficiently.
3. Buy Reliable Coin Operated Washing Machines Only
The quality of your coin operated laundry equipment is the key determining factor for your laundry business. To reduce your customer turnover and utility bills, you need to invest in premium quality high performing coin operated washing machines.
Here are the washing machines capacities you can choose as per your laundromat’s daily laundry needs:
- Front Load Coin Washer (6kg to 8kg capacity): these machines utilize less water and electricity
- Front Load Dryer: High spin companion for best speed
- Top Load Coin Washer (6kg to 12 Kg): Fast wash cycle time for staff housing
4. Installing Smart Payment Systems
In traditional coin laundromats, coin tokens may work well, but the majority of the customers in Dubai demand high quality digital convenience. To get a wider customer base, you need to install a high quality multi-coin acceptor that must have a control board system.
Such advanced and high tech control boards allow machines to accept multiple coin denominations and can accurately program the machine to execute exact cycle times. This automated control helps laundromats to run 24/7 with minimum staff requirements, silently turning your coin laundry services into a consistent source of passive income.
5. Compliance with Municipality Regulations
The government of Dubai lays great emphasis on public safety, hygiene and health. Your laundry facility can’t start its operations until it passes a strict physical inspection conducted by Dubai Municipality.
It is an essential requirement to ensure that your layout features should have clearly separate chemical storage areas, special ventilation systems to keep a check on humidity and proper drainage network for waste water.
Failure to follow these strict standards may result in heavy fines and long delays to get you operational and giving you final health fitness certificate.
Start Your Laundry Business Today!
Starting a coin laundry business in UAE offers a practical and easy way to earn a consistent income through everyday consumer spending in self serving laundry. Prioritizing to get a mainland business setup, targeting highly populated rental neighborhoods, and investing in durable machinery, you can build a booming laundromat.
Are you ready to start this business venture with the best equipment? Contact the best commercial laundry experts at Vending Ways Dubai and find the perfect machines for your business.