Fill out the form to receive the dry cleaning brochure for your use.

The coin laundry business serves customers, not other businesses. So you need to consider the impact of the location on your business. Especially for small businesses, it is crucial because it affects the profit and the business sustainability. In addition, coin laundry customers value convenience a lot. Therefore, a good location is more important than the amenities. So, how to choose a good location? Not to worry, we will guide you below.

Before finding a location, you need to understand why people use coin laundry services when washing machines are so prevalent. Here are some of the common reasons:

1. Not all people have a washing machine at home. Some people find it is not economical to buy one like the students, foreign expatriates, etc.
2. It is difficult to dry the laundry during the rainy season.
3. The washing machine is too small to wash household items like comforters, duvets, and curtains.
4. No balcony at home to sun dry the laundry.

By knowing this information, you want to ensure your business is as close to where your target customers are as possible.

Advertisement

By learning the factors of accessing, you are well on your way to finding the best business space for you.

• Population Density

Look around whether there are residential buildings with high occupancy density. Or some people will talk to the management of the building. Then, they will set up a coin laundry shop directly in the condo/ apartment to serve only the residents.

• Competition

Consider where your competitors are. You want to avoid many competitors nearby even if the location is good. It is because you guys might end up with a price war to attract customers. Those who won usually have a deeper pocket.

• Other nearby businesses

See if there are any household brands nearby like 99 Speedmart, Guardian, Family Mart, etc. It is because big brands like them will not likely open up in poor locations. In addition, they can bring in traffic to the area. By setting up a coin laundry shop nearby, you can choose not to pay a high rental for a well-visible place.

• Plenty of parking options

Consider whether there is sufficient parking available around the location. Sometimes, a good place does not necessarily come with enough parking. Other considerations may include whether your customers need to pay for the parking and how far is the parking space to your place.

• Find a safe location for business

Search for a place where you feel safe and protected. Since coin laundry operates 24/7, you want your customers and business to be safe anytime. In addition, you can put CCTVs around the premises and ensure sufficient brightness inside the shop to improve the security.

• A good neighbour

Once you find a location, approach the nearby shop owners. Start a conversation with them and try to find out any bad neighbours nearby. If there are no such bad neighbours, you can prevent issues like receiving business noise complaints, stealing your wifi, etc.

• A potential area for growth

A new development area can provide you with more shop options to set up your coin laundry business. Evaluate the potential growth of the places by seeing whether they are close to landmarks, offices, and buildings of public interest.

• Assess the building

Assess the condition of the place you want to rent or buy for your coin laundry business. You can search the answers for questions like how old is the building? Has the electrical system been improved lately? What is the condition of the sewerage system?

• Know the landlord

Be prepared to interact with the landlord a lot if you rent a business place. Therefore, it is a good idea to check whether the landlord is professional, friendly, and reliable. You can learn more about them during your initial conversation, but you can also research them further.

• Work with an estate agent

You can also consider working with an estate agent. A good agent will discuss your needs with you and propose locations that fit your needs. They will also know which landlords are reliable and which area is the best for setting up the business.

• Bring someone along for a second opinion

During the location search, consider bringing others along for their advice. It’s because they might see something that you have overlooked, concerns that you didn’t think of, or help you by asking good questions when working with the agents, landlord, and potential neighbours.