As cities in Philippines have recently become concrete jungles,
more and more condominium buildings are being built. This creates the necessity
for coin/card laundry businesses, as people can no longer accommodate washing
machines and dryers in their homes due to their unit’s small space. Card
laundry business are a saving grace for those in apartment/condo-living. With
the right planning and determination, you can become a part of this
increasingly lucrative industry.
I recently attended Whirlpool-Maytag’s event where they have
introduced their top-quality machines as well as the opportunity to learn more
on how to earn big bucks via the laundromat business. It was where that I’ve
found out that laundromats have actually been in existence since the 1930’s in
the US. However, the fully-automated self-service machines where people brought
their own detergent and waited for their laundry to be done only rise to its
popularity in the Philippines back in the late 90’s. Nowadays, the growth of self-service laundry
shops had become so popular because of its high demand. Proof of such would be
seeing one in every corner of the neighborhood.
For serious budding entrepreneurs, opening a laundry shop is
not only appealing but it also raises the probability of success. It is one of
the few business ventures where with a low capital investment, you can even
bring high rates of return. Where else can you find a business where from a
mere Php600,000-1M pesos—you can have them returned in 18 months?
Ms. Joy Catiis-Cruz, Exatech Marketing Manager, makers of Whirlpool-Maytag |
Many entrepreneurs, who open a laundry shop may have little
or no prior formal training in the laundry business. Most simply run the
numbers and decide that starting a laundry equals a good business opportunity.
While this may be true, the people from Whirpool-Maytag recommends that
entrepreneurs conduct thorough research into the industry by talking to them
and reading trade literature.
While formal experience may not be necessary, a background
in machine repair or a knack for fixing machines helps. Owners who have
experience with laundry equipment are able to cut down on the cost of repairs.
The good news is that with Whirlpool-Maytag, they give 5 year-warranty to all
their machines and 3 year-warranty for the parts. It saves you worries, bucks
and fears in case the machine has problems. They’ve got customer repair service
centers nationwide.
In addition to the fundamental in running the laundromat,
Whirlpool-Maytag also extends its support in sales, marketing and management
principles—letting you know the ins and outs of the laundromat business before
you even started.
“You must have some kind of business background in order to run a business. You need to know how to keep records of transactions, salaries, expenses as well as the cash coming in”, says someone we had interviewed who has worked in the laundry industry for the last ten years.
My friend Rence Chan trying to check out Whirlpool's washing machine |
Setting up a laundromat can be an overwhelming process if
you don't have the right advice. There are many pitfalls for the uneducated,
which can negatively impact the success of your shop. Factors such as location,
inexperienced trades, and government requirements and equipment selection can
add months and additional costs to your set-up.
Purple Plum Fairy with the Whirlpool washing machine |
This is why partnering with Whirlpool-Maytag will alleviate
the stress and hassle in setting up a laundromat. Backed with Whirlpool, a
well-loved and trusted brand for years, their experienced team will guide you
from the initial store selection, through to the designing and opening of your
new laundromat. Whirpool-Maytag offers an extended line of commercial and
industrial laundry equipment such as washers, dryers, and stackable units for
you to select from that offer reliable performance and high-energy savings.
Equipped with an Inverted Drive Technology that ensures energy efficiency and
high extraction speed which lessens wear and tear on its components. These
models also have advanced software that tracks payments, wash cycles, and
settings so both the owners and customers can relax sans the worry about their
security.
So WHY INVEST IN A LAUNDROMAT BUSINESS?
There’s a 25-35% Average ROI.
MINIMAL LABOR REQUIRED
Most self-service laundromats operate with little to no
staff, resulting in low wage to operate your shop.
HIGH SUCCESS RATE
With the right advice and shop fit-outs, many customers
enjoy a high success rate when compared to typical retail business.
WORK/LIFE BALANCE
With the flexibility of a non-staffed premise, you can
decide when, where and how to run your business.
SPACE
You will need to evaluate what kind of space you need for
your laundry business. The space needs to be big enough to fit several washing
machines and dryers as well as space for people to comfortably walk around with
their baskets. But rest assured, Whirlpool-Maytag can help you built your
business even on a small space. The area also needs to be able to accommodate
wires and cords, vents for the dryers, and other electrical necessities.
LOCATION
Something you should consider is how to access and appeal to
your client base. Basing on demographics, it’s best to build your laundromat in
highly-populated urban areas that will surely avail and require of your
services. University students living on or near campus will surely be your best
friend! You may want to go the extra step and ensure there are coffee shops and
parking nearby; so coming to your business will be convenient for your clients.
EMPLOYING STAFF
Generally, in these types of self-sufficient businesses,
multiple staff members are not required. You will probably need one or two
members of staff to supervise and look after the machines and your space. The main
aspect of employment you should consider is to do with machine repair and
electrical maintenance. If a machine breaks down, this will affect your income
greatly, if the issue is not fixed immediately. Worry not with
Whirlpool-Maytag, they have customer service to assist you and with their
warranty, it won’t be a problem anymore.
You can always rely on Whirlpool-Maytag Commercial Laundry
to work with you. From equipment selection to installation, you’ll have the
knowledge and experience of an industry leader behind you through business
seminars they offer nationwide.
Indeed, the laundry industry has a lot of untapped potential
waiting to be discovered.
Have more questions? Whirlpool-Maytag Commercial Laundry is
ready to help you get started. To schedule a consultation, you may contact Ms.
Windy Punzalan at (0917) 8236285 or email mpunzalan@exatech.com.ph.
You may also drop by anytime at their showrooms located in
Quezon City, Cebu, Davao, Iloilo, and Bacolod. You may also visit their website
at www.whirpoolmaytag.com.ph.
Disclaimer: I am not compensated for this post. Opinions
expressed are 100% my own.
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