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Buying a Laundrette with Hilton Smythe

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The local laundrette 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 and there’s little chance of running out of custom. Let Hilton Smythe find you your perfect laundrette.

Airing dirty laundry is big business

You may not think running a laundrette, laundry service or dry cleaning business would be a great business idea now that a lot of people own a washing machine. However, a community-based business such as a laundry/dry cleaning service can service both the general public and local companies as commercial clients. 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 often have no choice but to use a laundrette. 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 working away from home who don’t have regular access to a washing machine. Considering the business can be managed easily by just one or two people, staff costs are minimal so the bottom line can increase. Some laundrettes are now self-service which even further reduces overheads.

The number of laundrettes has been in a steady decline for the past few years, with around 3,000 remaining 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 laundrette

It was once the only option to go to a laundrette, 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 laundrette – 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 laundrettes for sale in your chosen location.

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