This will depend on whether you’re buying an existing laundromat or
fitting out the business from the ground up.
As a general guide, you can expect to invest between $100,000 and
$400,000 in setting up a laundromat from scratch. Costs will vary
depending on size, rent, equipment capacity, number of machines,
services offered and fit-out.
Subject to approvals, Richard Jay can finance your entire laundromat
set-up through Capital Plus if you have a good credit rating, enough
money to service the lease and access to funds for store furnishings
and advertising. This includes fit-out, equipment, installation and
accessories – everything you need to establish your laundromat.
The capital you need to start a self-service laundromat business will
depend on the size of the laundromat, the equipment required and the
complexity of the fit out. A small shop may cost <$100,000+ while a
spacious business offering lots of equipment could be up to $500,000.