If you are looking to start a laundromat business, it may be appealing to start from scratch. However, it may be even more appealing to buy a Maytag laundromat franchise instead. This is because you have access to the financial and human capital needed to become a successful entrepreneur. Let’s take a look at what you need to know before becoming a franchise owner.
What Do You Need to Be a Franchise Owner?
To be a franchise owner, you have to understand the business that you are getting into. You will also need startup capital as well as an understanding of the demographics of your service area. Fortunately, you can get help selecting a location or learning more about running a laundromat before you officially open your store.
Since you are using an existing company’s business plan, you won’t need to come up with your own from scratch. It is also possible that you won’t have to worry about payroll or other administrative tasks. Instead, you can focus on building relationships with customers and helping your employees reach their full potential.
Why Maytag Laundromats Over Other Franchise Possibilities?
There are many different franchise opportunities that you could choose to pursue. However, going with a Maytag laundromat franchise can be ideal because everyone needs to wash their clothes. Those who live in an apartment or in a college dorm may not have easy access to a washer in complex or dorm building. Therefore, there is a diverse target market, and those customers may be amenable to spending extra money on drinks or snacks while waiting for a load to be finished.
This means that you should have a reasonable expectation of making a profit. With a proven company like Maytag behind you, there are fewer opportunities to make fatal mistakes. If you do make a mistake, there is always someone to help you learn from it, which allows for growth as both a person and a business owner.
Who Sells Maytag Washers?
You can buy Maytag washers directly from the company itself or through physical or online independent retailers. Maytag commercial laundry has many models that are designed to fit any space that your business occupies. For instance, you could choose to stack a washer and dryer on top of each other or find models that open from the front as opposed to the top.
How Much Is a Maytag Washer?
The most important part of running a successful laundromat location is understanding how much your washers cost. If you are looking to buy Maytag washing machine, you should expect to spend anywhere from $1,000 to $2,000 depending on the size of the product that you buy. A Maytag commercial washing machine price could be more or less expensive buying it through Maytag itself compared to another outlet.
It is also important to consider that a commercial washing machine will cost more than the type that you put in your home. Of course, this will be negated by the fact that people will pay to use the machine. Since Maytag offers a reliable and known product, it is likely that people will be willing to pay whatever it takes to get their clothes clean.
Owning a franchise can be a nice balance between being your own boss and not being completely on your own as an entrepreneur. With the backing of a quality brand that customers know and trust, you can feel confident that your business has a reasonable chance of being a financial success.