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Buying a Launderette with Hilton Smythe

The local Launderette is a community hub.

It can be a simple business to run but offers great career satisfaction in terms of the people you meet and the friendships you’ll make. Commercial dry cleaning services are also very profitable. There’s little chance of running out of custom. Let Hilton Smythe find you your perfect Launderette.

Airing dirty laundry is big business

You may not think running a Launderette would be a great business idea now that most people own a washing machine. However, a community-based business can service both the general public and local companies. Demand is quite steady in the right location, as people always need their clothes washing!

Many people living in small apartments or studio flats don’t have the room for a washing machine. So they often have no choice but to use a Launderette. Additionally, many people don’t have a tumble dryer so find it difficult to dry clothes indoors. As certain items can only be dry cleaned there will always be a need for a local dry cleaning service.

There’s also a market for students or people who don’t have regular access to a washing machine. Considering the business can be managed by one or two people, staff costs are minimal. Some Launderettes are now self-service which even further reduces overheads.

The number of Launderettes has been in a steady decline for the past few years. Only around 3,000 remain across the UK. However, this only means there is now less competition as many people still rely on laundrettes for essential laundry.

Transforming the image of the traditional Launderette

It was once the only option to go to a Launderette, but now many modern households have a washing machine. Laundry businesses have reinvented themselves to add additional services which bring people through the door. Vending machines can generate extra income, as can an internet area to keep people occupied while they wait for their laundry.

Gone are the days when it was just students or people on low incomes visiting the local Launderette – as our lives become busier, they are now frequented by businessmen who want their suits crisply dry cleaned and ironed, and young professionals living in apartment blocks.

Financing your laundry/dry cleaning business

If you think you can take on the challenge, the first step is securing the finance you need to buy a business. We understand it can be difficult to approach lenders if you don’t have experience in commercial sales – but we’re here to guide you through the application process.

Our friendly advisors at Hilton Smythe Financial Services will make sure your application for business funding is approved, so you can achieve your dream of becoming your own boss. Start the search today by searching Launderette for sale in your chosen location.

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