Equipment replacement to boost revenues

Many factors – such as shifting demographics, economic conditions, marketing effectiveness and others – can impact the amount of revenue your operation may generate. However, no element might be as critical as the quality and condition of the equipment. Research has indicated that retooling your store may attract more customers and help improve profits.

It appears that the laundromats that are most profitable, are the ones that are also continually updating their equipment to maintain customer satisfaction, attract new customers, maximize profit potential and keep competitors at a distance. Replacing equipment also seems to play a psychological role. According to results of a CLA Insights Report, end-users of laundromats are attracted by new equipment. Furthermore, customers are also often willing to pay more for the latest, up-to-date washers and dryers. Finally, new equipment also provides the opportunity to increase prices.