The Laundromat Business Bible: [3 in 1] The Most Updated Guide to Starting, Running, and Growing a Profitable Laundry Shop with Small or Zero Capital

THE

LAUNDROMAT

BUSINESS BIBLE 2025

3 books in 1

The Most Updated Guide to Starting, Running, and Growing a Profitable Laundry Shop with Small or Zero Capital

Robert F. Cannon

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CONTENTS

Book 1: Starting & Buying

Introduction

Reasons to Start Your Own Laundry Business

Steady Income

Low Operation Costs

Flexibility

Extra Income

Unlimited Potential

What To Consider Before Opening a Laundromat

Startup Cost

Location

Demands

Competition

Additional Revenue Sources

Chapter 1: How to Find a Laundromat for Sale

Overview

Owners

Brokers

Internet

Conclusion

Chapter 2: Determining the Value of a Laundromat

Overview

Three Things That Determine the Multiple

Age and Condition of the Equipment

Length of Time Remaining on the Lease

Lease Amount

Additional Variables

Hidden Costs in Commercial Laundry Business

Pilferage

Leaks

Under Load

Rejects

Heat Loss

Conclusion

Chapter 3: Financing a Laundromat

Overview

What You Need To Know

Cash

Bank Loan

Partnerships

Private Loans

Retirement Funds

Equity Line of Credit/Cash Out Refinance

Seller Financing

Infinite Return with Seller Financing

Seller Financing as an Asset

Assume an Existing Loan

Advantages of Assuming an Existing Loan

Free Laundromat

Ways To Get a Free Laundromat

Advantages of Getting a Free Laundromat

Disadvantages of Getting a Free Laundromat

Conclusion

Chapter 4: Lease Contract

Overview

Lease Types

Navigating the Laundromat Lease

Use

Assignment

Exclusivity

Performance

Maintenance

Rent Due Date

Lease Negotiating Tips

Leasing Laundromat Equipment

Conclusion

Book 2: Operating & Growing

Chapter 5: Running a Laundromat Business

Overview

Cleaning

How To Keep Your Laundromat Clean

Customer Service

Why Customer Service is Important for Laundromats

Improving Customer Service

Tips for Managing an Efficient Laundromat

Repairs

Commercial Laundry Equipment Repairs You Can Make

Conclusion

Chapter 6: Growing a Laundromat Business

Overview

Increase Revenue Capacity

Installation of Vending Machines

Entertainment

Add ATM Machines

Wash and Fold

High-Quality Machines

Payment Systems

Coin-Only

Cashless

Hybrid

Fluff and Fold

Tips for Starting a Wash and Fold Laundry Service

Pros of Offering Fluff and Fold Services

Cons to Offering Fluff and Fold Services

Improving Appearance

Tips for Improving the Appearance of a Laundromat

Advertising

Ways to Effectively Market Your Laundromat and Rise Above the Competition

Conclusion

Chapter 7: Cutting Costs and Raising Prices

Overview

Cutting Costs

Investing in Energy-Efficient Laundry Equipment

Install Energy-Efficient Lighting

Cold Water Use and Installing Ozone

Set Up a Light Sensor or Timer

Professional Audit

Adjust Laundromat Temperature

Train the Staff

Share Eco-Friendly Practices with Customers

Raising Prices

Need to Increase Prices

The Mechanics of Raising Commercial Laundry Prices

Three Things To Consider Before Raising Prices

Conclusion

Book 3: Full Business Plan

Chapter 8: Business Plan

Overview

Executive Summary

Problem Worth Solving

Our Solution

Our Mission

Our Motto

Keys to Success

Company

Company Locations and Facilities

Services

Competition

Marketing Plan

Target Market

Ownership & Structure

Management Summary

Start-Up Summary

Start-Up Requirement

Financial Plan

Financial Picture of Current Laundromat

Handling of Money

Payback Plan for a 7-year Term Loan

Sales Forecast

Statements

Projected Profit & Loss

Projected Balance Sheet

Projected Cash Flow Statement

Book 1:

Starting & Buying

Introduction

Starting or investing in a laundromat business can be life-changing. Investing time, energy, and resources in any kind of business have the potential to change your life. Besides the endless benefits you get as the owner, small businesses are a crucial part of the economic well-ness of a country. Small businesses account for at least 70% of new jobs created in the United States.

When starting a small business, most people fear taking a chance when they are not assured that the benefits outweigh the risks. And while that is a valid fear, the advantages of being your boss are limitless. For one, there is financial security, and you also get a manageable work-life balance.

The drive to make every day more productive than the last is stronger when you realize that you are in control of your success. When you work for someone else, there is always that unbidden thought that no matter how much effort you put into your work, the owners will reap the ultimate rewards.

To be fair, many variables come into play when starting your own business, but with the right planning, the potential for reward is huge. Think of it as jumping off a cliff, and while you might be uncertain where you will land, you can be assured of a soft and safe landing with the right equipment.

Like any other business, launching a successful Laundromat business requires careful planning and making the right decisions. This book will guide you on how to venture into this lucrative business with as little risk as possible and reap the most benefits. We will also get to discuss all the options available for those seeking to start the business for as little cost as possible, on both a large or small-scale premise.

What sets a laundromat business apart from other retail investments you may be tempted to make is the high rate of success associated with the business. Not to mention a great