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Laundromat Melbourne

Top Three Reasons to Buy a Laundromat in Melbourne

If you’re thinking of buying a laundromat in Melbourne, this article will list the top reasons why you’re making the right choice.

Laundromats are often considered a great opportunity for new entrepreneurs that want to start with something simple but rewarding. While this is true, the success of your laundromat will hinge on your management approach and location. This article will discuss the top reasons why buying a laundromat in Melbourne is a practical business decision. But before we begin, let’s provide answers to some important questions:

Is a laundromat a good investment in Melbourne?

Yes, it can be. Laundromats have low operational costs and high ROI potential, but it's important to note that laundromat competition in Melbourne has intensified over the past few years. That’s why remaining customer-focused and offering something unique is crucial.

How profitable is a laundromat in Melbourne?

While this answer will depend on your location, management style, equipment and maintenance solutions, it’s possible to earn $15,000 net profit a month or more. Some Australian laundromats can generate up to $350,000 in profit a year.

The location of your laundromat is a significant variable that will impact your profitability, so it’s important that you keep this in mind.

Now, let’s get into the top reasons why you should invest in a laundromat in Melbourne!

Laundromats are low maintenance

While you may be required to invest some energy and money into the existing laundromat in the beginning of your business venture, it's unlikely that you’ll need to work 24 hours a day to keep its doors open.

Laundromats are self-service, and customers often pay upfront, so the business won’t require an overwhelming amount of your time when it comes to accounting. While you’ll still need to manage the laundromat correctly and maintain your premises and equipment, this type of business offers far more flexibility than others.

Customer-focused = profitability

Laundromats are often portrayed as old, melancholic buildings, with a swirling commercial machine being the only sign of life. This is far from true. This industry has evolved considerably over the past few years, with laundromat owners taking innovative steps to put customers first.

A clean environment and quality machinery are the bare minimum to providing a great customer experience. Encouraging new and repeat customers to increase your revenue requires unique adjustments and offerings. Some ideas you can consider include:

  • Installing free, secure Wi-Fi
  • Offering work/study stations
  • Including a small coffee shop or vending machines
  • Being available for customers when they need you

Opportunity to expand

While this may not be your objective right now, it’s important to mention that running a consistently profitable laundromat can lead to expansion opportunities. You may start small now, but it’s possible to acquire new locations across Australia in the future. If your business model is working well and you’re seeing increased customer demand, you could even consider franchising your brand.

How BusinessesForSale.com can support you

Now that we’ve listed the top reasons to buy a laundromat in Australia, it’s time to begin your search of laundromats for sale to get an idea of how much you’ll be investing, and if the existing business is the right fit for you.

If you’re confident that you want to invest in this industry, we have multiple articles that will help you through the process. The process of buying a laundromat requires a thorough due diligence process (amongst other elements), so make sure you’re comfortable dealing with this.

We also have a helpful article on how to run a laundromat, which provides valuable tips and advice on how to remain relevant and run a successful laundry.

Lastly, having an exit strategy in place is one of the most important parts of owning any business. Selling your laundromat is something you’ll need to prepare for – even if you don’t plan on doing that right now.

We hope this article has been helpful, and we wish you a successful entrepreneurial journey!



Megan Kelly

About the author

Megan is Head of Content Marketing at BusinessesForSale.com. She is a B2B Content Strategist and Copywriter. She has produced multiple articles that rank on the first page of Google SERPS, and loves creating people-first content.

@Be_theBoss