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You really need a good business plan- It solidifies your ideas and wishes into achievable goals and it really helps you identify the kinks in your business idea and also if it is even viable in the first place. If you need a loan to start off your business you will almost certainly need a business plan to show that you will pay back the bank or lending institution.
location is very important in starting a laundromat. Where are the other businesses located? What is your target demographic? Is your market large enough to support your business? Is the location you've picked close or far away from those other businesses? If it's close what is your "hook" to pull customers away from an established business already in place?
Laundromats have a high startup cost, involving the purchase of commercial washers and dryers, installation of infrastructure to support the water and energy they'll need, and the store itself. You would like a lounging area. How much will you pay in soundproofing to make that area comfortable? Wireless? couches and comfy chairs? You have to compile a list of how much all this will cost and your expected revenue month to month and see when this will break even. Can you afford to eat those costs for a few months (or years?)
All important considerations.
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"Asking a bomb squad if an old bomb is still "real" is not the best thing to do if you want to save it." - denim
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