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LAUNDROMAT SET UP
Why invest in Laundromat
A Smart Investment
Laundromats owners in Nigeria can earn upto 20- 35% that is higher than any other alternative investment. It also has a great impact on Flexibility and labour cost.
Laundromat business offers the highest success rate without any risks.
Owners can earn upto 35% of cash on cash ROI.
It is a flexible business that is absolutely adaptable to your lifestyle.
In a recent survey, it is proved that approx 70% of laundromats have 0-3 employees.
You can write off equipment purchases and claim the depreciation as a loss on your taxes. Please consult your tax advisor to learn more.
It offers various means of payment including cash, coin or even Speed Queen Application that make accounting more simplified.
The Difference Is Clear
Compared to other investments like other washing business including car washing and convenience stores, investing on laundromats ensures more profits and make sense.
Why investing in Laundromat is gradually becoming popular?
- Apartments are built so smaller in size that it can’t keep laundry machines.
- Hiring a maid is gradually becoming costly day by day.
- The majority of family members in the house are working persons. They don’t have time to wash the clothes.
- A laundromat can wash clothes within 1 hour and dry your clothes.
- Drying the clothes is an issue during the rainy season
Many people depend on the affordable laundromat due to the challenging economic situation.
Multi-housing Laundry Investing
Residential sectors like apartment blocks, housing estates, barracks and dormitories require a specialized laundry system. Laundromat makes better use of the resources. The community laundry rooms offer a stable income source to the property owners. Multi-housing laundries deal with the highest potential all over the world.