How to start a laundromat

Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it.”

make it easier to get laundry done when a washcinugstmomacehrisneiatthheormdoeno’rt nheaevde

AUNDROMATS tmoawchaisnhesmcaonrehacnlodtlheiantghothmaen. Ltahuenirsdoraopms,adtrsyaelrssohseeltls,daentderogthenertsrealnatdleaduintedmrysdtonhe.lp customers get their twohsetathrteyroiut risotwhne lraiughntfditrLofeomarranytohauon.wd thSetsaertͳͲa slateupnsd: romat by following ͳʹ. olarnmyyoouurrlaluaunnddrormomata.t into a ͵. lReeggailsetenrtiytyo.ur laundromat for Ͷ. tapxens.a business bank account ͷ. aSnedt ucrpedaictccoaurdn.ting for your ͸. Glaeutntdhreonmecaet.ssary permits and ͹. Gliceetnlacuesndforromyoautrinlasunradnrocem. at. ͺͻ. DCreefiante yourrlalauunnddrroommaat tbrwaenbd-. ͳͲ. sSietet-.up your business phone Therseysistemo. re to starting a busintheessSthaaten. Œuset hreagviestpeuritntgogitewthiethr ltahuisndsrimomplaet.guide to starting your

These steps will ensure that your nregwistbeuresidnpersospiesrwlyealnl dpleagnanlelydcomut-,

LThis quote from an anonymous author resonates louder as we welcome you to the business opportunities section. The first page pliant. asAacnleeanrtprleapnriesneesusre.nItiwaliflol rhseulpccyeosus STEP 1: Plan your business

aonudt dthisecosvpeercsiofimcseoufnykonuorwbnuss. Aimneasps few important topics to consider are: cohstast?are the start-up and ongoing ho is your target market?

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can you charge custoomwerms?uch will you name your businehssa?t laundromat business in Nhlangano. Enjoy the journey as you make another informed business

registered agent or act as your own.

decision. Feedback and/or comments

You will need to register for a variety of State and federal taxes before

STEP 3: Register for

you can open for business. wIinll onredeedrttooarpepgliystfeorrfaonr etamxepsloyoeur rideaelnlytiefiacsaytiaonndnfrueme!ber (EIN). It’s andsicnrgedeitdaicacoteudnbtsusisineesssebnatinakl ifnogr

STEP 4: Open a business bank account and credit card

pershoenayloausrsepteprsrotneacltaionnd. business vacascsluoeatusbnl(tesysoa)uraerrmheoaixmteredi,,scykaoirun, ratnphdeereosvothenenartl your business is sued. In business ylaowu,rtchoirspiosrraetfeevrreeild. to as piercing

Additionally, learning how to gbeutilcdrebduisticnaersdsscarned oitthcaenr fhinealpncyionug iylinonuyerossuo)rf, bcbreuetstdienirte,isansnt’ednremasmot rerea(.tienss,theiagdheorf Luckily we have done a lot of this resheaatrcahrefotrhyeocuo. sts involved in

Recording your various expenses

STEP 5: Set-up business accounting

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opening a laundromat? yaonudrdbeutsaiinledssa. Kcceoeupnintgs The most common business structure also greatly simplifies your annual types are the sole proprietorship, tax filing.

STEP 2: Form a legal entity partnership, limited liability coRmecpoamnym(LeLnCd)e,da:nYdocuorwpiollranteioend. to elect a registered agent for your LLC. ailure to ac“uire necessary permfinites

STEP 6: Obtain necessary permits

LLC formation packages usually incsleurdveicaefsr.eYeoyueacranofcrheogoissterteodhaigrenat ,aonrdelviceenncsaeussceaynoruersbuultsinehsesftoy and licenses

be shutdown.

and dry their clothes themselves. ◗ ◗ Customers have the fle[ibility to do their laundry at their own convenience. Offers a clean and well maintained facility with multiple washers and dryers that typically require regular maintenance.

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◗ Customers drop off their dirty laundry, and you wash and press it for them. Offers customers the convenience of not having to do their own laundry.

0ore e[pensive than a self service laundromat. of the business opportunities section mainly focuses on tips, guidance and/or advice to businesses. Today’s focus is on the sale of a

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ust as with licenses and permits, your business needs insurance in

STEP 7: Get business insurance

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Your brand is what your company stands for, as well as how your

STEP 8: Define your brand

Abusstirnoensgs bisrapnedrcweiivllehdeblyp tyhoeupr ubbulsici-. ness stand out from competitors. After defining your brand and

STEP 9: Create business

creating your logo, the next step is

website

to create a website for your business. Getting a phone set-up for your

STEP 10: Set-up your business

business is one of the best ways to

phone system

bhuelspinkeesesplifyeosuerppareartseoannadl lpifreivanted. That’s not the only benefit; it also helps you make your business more automated, gives your business pleogtietinmtaiacly,caunsdtomaekres titoefainsiderafnodr contact you.

5equires enough staff to handle the volume of laundry coming in.

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Customers schedule a pickup time for their laundry, and you pick it up from their home or office. You wash, dry, and fold the laundry at your laundromat. You deliver the clean laundry back to the customer.

Offers the highest level of convenience for customers but requires significant resources in terms of transportation, staff, and equipment.

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◗ are most welcome and can be forwarded to business@times. co.sz or on 7627 9456.

-BY MHLENGI MAGONGO

The downside to running a laundry business is that margins are rather slim, and you don’t make large profits with each customer. However, if the laundry business is consistently busy, it can be very profitable.