The coin vending washing machine business is a recession-resistant and lucrative venture. By choosing right location and effective business strategy, you can build a successful business empire that can maximize revenues from a coin operated laundry business. This simple guide will help you understand the top locations which can be ideal to start a coin vending washing machine business at any region of the world.
Prime Locations to Start a Coin Vending Washing Machine Business
Here is a list of best locations to start a coin laundry business that can help you run a booming business:
Residential Communities
- Convenience: This can offer a great opportunity for business owners to install coin operated washing machines within the residential societies and apartment complexes to help people wash their dirty laundry without leaving their complex or building.
- Value Addition: This service can add a great value to the users’ laundry experience and offers a great potential to attract and retain tenants in the residential complexes.
- Partnerships: As a business manager, you can collaborate with the property manager to offer discounted rates for the users or can introduce loyalty programs to attract a wide customer base.
Close to Medical Services
- Choose High Traffic Areas: High traffic areas like near hospitals and medical centers offers a great opportunity to meet the needs of patients and doctors on duty to wash their dirty laundry.
- Convenience: Hospitals and visitors have often irregular working hours that may need convenient laundry services.
- Potential for Partnership: You can consider to develop partnerships with hospitals to offer the discounted laundry rates for customers and staff.
Campus Living
- Student Dorms offer High Population: University campuses have a great population which generally lacks in-house laundry facility. Utilize the opportunity to install a coin vending washing machine.
- Irregular Schedules: The university and college students have generally irregular study schedules that makes coin operated laundry facilities a perfect and convenient facility for the late night runners.
- Laundromats as Social Platforms: Laundry facilities offer great platforms where students, busy professionals and households get together for a common purpose. They sit, relax and share their day to day life experiences and make new friends.
Tourist Hot Spots
- Tourists Spots: Tourists’ spots are one of the top ideal locations for running a coin vending washing machine business. Tourists and people on vacations generally need a convenient and quick laundry service during their stay.
- Consider the High Traffic Areas: You can choose a busy area that offers high footfall such as near super markets, hotels, motels and vacation rentals. Such places attract a great customer base.
- You Can Upsell: Consider to offer additional laundry rated services like press and fold, dry cleaning services, selling laundry detergents, stain removers and fabric softeners.
Industrial Zones
Manufacturing plants and industrial areas offers a great demand for coin operated laundry services.
- Laundry for Shift Workers: Industrial areas require a lot of workers which have non-scheduled working hours. They may need late-night laundry or many shift workers are in need to get their clothes washed late night. Installing a coin vending washing machine in such areas can be a perfect place to meet the diverse laundry needs of workers.
- Offer Convenience for Employees: By providing an on-site laundry service, you can improve the job satisfaction level of your workers. Retaining your workers would be much easier this way.
- Potential for Partnership: It is a good idea to collaborate with companies to offer attractive discounts on bulk laundry services.
Conclusion
Starting a coin vending washing machine business is a rewarding business. By carefully selecting its locations, you can run a successful business and can multiply revenues. Ideal locations for coin vending washing machine business are: near the universities and student dorms, near industrial areas, residential complexes, hospitals and tourist spots. By capitalizing on the great demand from customers, selecting a best location is the paramount.  Remember the key to success is in providing convenience to your target customers by choosing an easy to access location, offering efficient and quick laundry services and catering to diverse needs of your customers effectively.
Additionally, offering- value added services can also help you multiply your business rewards. So, be careful while planning and executing your business plan. Your coin operated laundry business heavily lies on staying updated about the latest trends of the coin laundry industry. Listen to the feedback offered by your customers seriously and addressing their concerns promptly can position your business for a long-term success.
