While the machines themselves can cost you $500 to $700 each for top loader and $3,500 and $20,000 for front loaders, utilities to run them (water, heating, etc.) can run between $200 and $2,000 per month, each. If you finance the business, rather than pay cash, you may only need to put down 10% to 30% of the total cost. New machines may initially cost more, but you will also know the entire service history. However, be aware that used machines may not come with reliable or accurate service records. Get “like new” machines that have been well-serviced and you can save yourself some money and lower your startup costs. If you’re starting out of your home, you can start with little to no money upfront.Įxpect total startup expenses for a small business outside the home to be between $100,000 and $250,000.Ī big part of the startup cost is the machines. For example, buying a laundromat in California, Florida, or New York may be much more expensive than buying one in Idaho or Alabama. Also, some states are inherently more expensive than others. Depending on the location, it can cost you between $100,000 and $200,000 to buy an existing business or it can cost up to $1 million or more.īusinesses you buy in larger cities tend to cost more. What are the costs involved in opening a laundromat?Ĭosts for starting a laundromat are significant. It's very important to secure your domain name before someone else does. When registering a business name, we recommend researching your business name by checking: If you operate a sole proprietorship, you might want to operate under a business name other than your own name. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Laundromat Name Generator What will you name your business?Ĭhoosing the right name is important and challenging. Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your laundromat. Get the Necessary Permits & Licenses for your Laundromat.Open a Business Bank Account & Credit Card.Form your Laundromat into a Legal Entity.It does not store any personal data.Start a laundromat by following these 10 steps: The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Other. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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