How to find the best laundromats for sale in Canada
Whether you’re looking for a small family laundromat business or a large company that offers 24/7 pickup/delivery service, coverall and carpet cleaning, discounts on several pounds of laundry, and numerous additional services, your choices are limitless.
While many people think the future of laundromats is uncertain due to more and more people becoming financially independent and capable of purchasing compact washers, the laundromat businesses are actually reaching new record highs.
That is mainly because people own mashing machines intended only for washing clothes and have small capacity limits. Therefore, people still don’t own appliances that could wash carpets, sofa covers, curtains, pillows, quilts, and other bulkier items that need regular washing too.
Furthermore, minimal living and small apartments are becoming increasingly famous in all parts of Canada, but especially British Columbia. As a result, people often have limited apartment space that doesn’t allow them to put a washing machine.
In those situations, laundromats that offer different cycle options and several brands of washers come in as a perfect solution.
The benefits of purchasing one of the top laundromats for sale in Canada are numerous, but here are just a few of them:
• High ROI and success rates
Looking at a 5-year success rate, we see that the laundry industry businesses have a 20–35% return on investment, which is considerably higher than any other business startup. Moreover, once you open a laundromat business, there are no significant requirements for maintaining and keeping up with the industry, especially if you choose high-quality brands of washers.
• Easy management
Few business types are easier to run than a laundromat. With automated washing machines that come with their own management systems, different wash cycles, and even an allergen cycle, there’s no need for you to hire additional help or be present in the laundromat during all working hours. Thanks to surveillance cameras and automatic payment options, you can run a 24/7 laundromat while still having a healthy work-life balance.
Modern washers also have an auto-cleaning cycle, and some of them can even notify you about detergent and product shortages.
• Source of extra income
There’s no need to limit your income to washing machines once you purchase one of the top laundromats for sale in Canada. Most of your customers will spend 2–3 hours at or near your laundromat to load washers and wait until their laundry is washed and dried. That’s why bringing convenience stores into your laundromats and offering snacks, drinks, and Wi-Fi can make both your customers and your budget happy.
• Unlimited growth potential
Want to operate a small local business or a large company with offices throughout Canada? Both options are possible with laundromats! Control the development of your laundromat business and decide how big you want to go.
Deciding to invest in essential businesses such as laundromats is always a good idea. However, building a new business from scratch comes with high costs, especially when it comes to laundromats. Purchasing numerous washing machines, drying machines, and a utility sink is very expensive, keeping in mind there are also multiple taxes and fees that need to be paid too.
Purchasing an existing laundromat might be an even better idea. If you’re not sure where to find top laundromats for sale in Canada, Busineses4Sale has everything you need in one place.
Browse your current offer of laundromat businesses that are looking for a new owner and become a property owner in just a few clicks!