Small Business Funding Options For Laundromats & Dry Cleaners
Laundromats business revolves around their machines working properly. Washing machines and dryers naturally break down over time. If multiple machines were purchased from the same year they are likely to break down around the same time. These repairs can be expensive and be disastrous for a business.
These machines require so much water that laundromats often have to deal with plumbing issues. These problems must be fixed quickly because too many “out-of-order” signs can cause customers to leave and go to another nearby laundromat.
Massive electricity and water bills can prevent a laundromat to update its machine supply. The use a lot of electricity and water on a daily basis. Monthly rent can be high as well due to the normal location of a laundromat.
A popular route for expansion for laundromats is offering a new service such as dry-cleaning. It could take months for these new services to bring in enough revenue to cover the cost of starting the new service initially.
First Premier Funding has funded numerous Laundromats & Dry Cleaners. We can provide you the funding to improve your business and begin updating your company. Contact us today at (888) 358-8484 or apply now to see how First Premier Funding can help your business grow.