The location of a coin laundry business can greatly impact its success. A good location should be easily accessible and surrounded by businesses that complement the coin laundry services. In this article, we'll explore the different businesses that are important to have near a successful coin laundry location.
1. Residential Buildings
Having a coin laundry near residential buildings, such as apartments and condos, is a great way to attract customers who need to wash their clothes. Many people who live in residential buildings don't have access to washing machines in their units and therefore need to go to a coin laundry to do their laundry. Additionally, having a coin laundry near residential buildings also makes it convenient for customers who need to do their laundry quickly and easily.
2. Convenience Stores
Convenience stores are another important business to colocate near a coin laundry. Customers who stop to buy snacks or other items may also choose to do their laundry at the coin laundry. This presents a good opportunity for the coin laundry business to target a different customer base and increase its customer base. Additionally, customers who visit convenience stores are often in a hurry and may prefer a quick and convenient laundry solution.
3. Shopping Centers
Shopping centers are a great place to locate a coin laundry, as they attract a large number of people who are already out and about. This presents an opportunity for the coin laundry to target customers who are looking for a quick and convenient solution for doing their laundry. Additionally, having a coin laundry near a shopping center can attract customers who are on their way to or from the shopping center and may want to do their laundry while they are out.
4. Colleges and Universities
Colleges and universities are another important business to colocate near a coin laundry. Many students who live in dorms or off-campus housing may not have access to washing machines and therefore need to go to a coin laundry to do their laundry. Additionally, having a coin laundry near a college or university can also attract students who are looking for a convenient and affordable solution for doing their laundry.
In conclusion, having a coin laundry located near residential buildings, convenience stores, shopping centers, and colleges and universities can be beneficial in attracting customers and increasing revenue. When selecting a location for a coin laundry business, it's important to consider the surrounding businesses and how they complement the services offered. By choosing a location near these complementary businesses, a coin laundry business can increase its chances of success and growth.
Kevin James has over 20 years of combined experience in commercial real estate, retail, software, and machine learning. He is a data nerd -- He is passionate about turning data into actionable insights so that customers are empowered to make better decisions.