Laundromat Resource › Forums › New Member Introductions! › Does opening a laundromat make sense for me? › Reply To: Does opening a laundromat make sense for me?
Hello Mike,
The population numbers in the 2 square mile range is more than double the 1 square mile radii which is favorable as is the location and traffic count. But 10 different laundromats within a 1.5 mile radius will be one of your biggest challenges. Especially when you consider a need to grow the business from nothing to 20k a month in some semblance of a short order. Are both your Father and you willing to work / run the business for free until it manages to grow and be self sustainable?
By the time you pay off the equipment loan (depending on what brand machines you go with), you will be facing a situation where you will be looking to replace some equipment all over again.
Good luck.
