Self Service Laundry Malaysia

One of the fastest proliferating businesses of today would be the laundry business – the self service laundry business to be specific and there are several reasons why. Today, a lot of people are concerned more on their careers so many individuals would often leave their own homes just to work in a job that they deem important. These people usually live alone in rental rooms or small apartments. Since they are not really settling in for good, they will not be buying the usual appliances that they have at homes and one of these would be laundry equipment. So, how then will they get their clothes washed, dried, and ironed? They can get these done through self service laundry centers.

With self service laundry centers, these individuals will no longer need to purchase their washers and dryers yet still get the job done. They can even save money in the process. This is a good sign for the laundry owner, of course. So, if you are planning to start your own self service laundry center, purchasing a trusty coin laundry equipment is a must.

Self Service Laundry Overview

Self-service laundry is also known as coin laundry, laundromat, and coin operated laundry. It is, by definition, a laundry equipment that can be operated by the customer, but it is made using commercial grade quality. It is made to be installed and used in laundry centers.

Self-service laundry businesses generally lease a retail space for long term. Then, it can start providing service to generate a stable cash flow for the laundry center owner. The self service laundry business is a unique type of business since unlike other business types it does not have any receivables or inventory. In terms of employees, only a minority of self-service laundry center owners hire attendants for their business.

Using the coin laundry industry in America as an example, the market value of self-service laundry businesses may range anywhere from $50,000 up to over a million dollars. New and old self-service laundry centers are valued differently. New self service laundry centers are generally valued based on the equipment costs as well as the actual construction expenses. On the other hand, old self-service laundry centers are valued based on the revenues that they are able to generate.

The typical business hours for a self-service laundry business would start as early as 6:00 in the morning and they may close as late as 10:00 in the evening. Such shops also typically occupy about 1,000 up to 5,000 square feet of space. In America 2002, the average size of a self-service laundry center is 2,260 square feet or 209.96 square meters. The cash that can be generated in a year will be about $15,000 up to $200,000 depending on certain factors like location, business size, and the likes.

These are perfect businesses that generate passive income. All you need to do is find a space in a good location, invest in reliable commercial laundry equipment such as washer, dryers, and maybe a steam iron, throw in a good marketing strategy, and you will be good to go.[/expand]