Episode 3 – Ancillary Profit Centers In Laundromats
Should you offer ancillary profit centers in your Laundromat?
Ancilliary profit centers are any item or service you offer that is outside of the basic washers and dryers.
These centers could be soap sales, snacks, drinks, Drop Off Laundry Service, tanning, video games and many others.
As a business owner you need to determine what other profit centers would work well in your store, what benefits your customers’ experience and is there truly a profit.
To determine your profit you need to include all of the costs from time spent ordering items to the power used by the equipment.
According to the Coin Laundry Association, 96% of the coin laundries in the United States offer some type of ancillary service
Extra Profit Centers: Statistics
The ancillary services above are ranked by the percentage of coin laundries that offer the service
Before adding any additional product or service in your business ask the basic questions:
– Is this a want or need for my customers?
– What is the total cost to implement and maintain?
– Do I have the ability (manpower, space, time) to implement and maintain?
– Is there a way to outsource the product or service?
– Is this venturing too far out of my original business plan?
Many investors in Laundromats are looking for a business that requires a limited amount of time, inventory and headaches.
If this provided value for you please comment and share below.
Ken Barrett
800-792-1941 ext 2
Ken@WashinCoinLaundry.com
