Thursday, September 19, 2013

4 Keys to Laundromat Profitability: Making cash in a cash business.



#1. Never replace a part unless you are 100% certain the part is defective or not working. The simple way to do this is to switch parts with a working machine until you find the bad part.

#2. All machines and parts break down: Make sure you invest in machines that are easy to fix and easy to find spare parts for.

#3. Measure twice and order new parts once. Triple checking is acceptable. This includes making sure you are working your volt meter properly.

#4. Beliefs are for religion, but not for appliance repairs. Base your repair assessments on facts and hard knowledge.

          Laundromat profitability includes location, location, and location. Even with an excellent site you need to keep your machines in good working order. If you are the type of person who can fix their own machines you can make more cash than hiring out a repair service. Other options includes finding a retired handy person type who enjoys working on machines or expanding your laundromat into multiple locations to spread the cost of a quality repair person on your team.

High five!

Dale

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