As cities in Philippines have recently become concrete jungles,
more and more condominium buildings are being built. This creates the necessity
for coin/card laundry businesses, as people can no longer accommodate washing
machines and dryers in their homes due to their unit’s small space. Card
laundry business are a saving grace for those in apartment/condo-living. With
the right planning and determination, you can become a part of this
increasingly lucrative industry.
I recently attended Whirlpool-Maytag’s event where they have
introduced their top-quality machines as well as the opportunity to learn more
on how to earn big bucks via the laundromat business. It was where that I’ve
found out that laundromats have actually been in existence since the 1930’s in
the US. However, the fully-automated self-service machines where people brought
their own detergent and waited for their laundry to be done only rise to its
popularity in the Philippines back in the late 90’s. Nowadays, the growth of self-service laundry
shops had become so popular because of its high demand. Proof of such would be
seeing one in every corner of the neighborhood.
For serious budding entrepreneurs, opening a laundry shop is
not only appealing but it also raises the probability of success. It is one of
the few business ventures where with a low capital investment, you can even
bring high rates of return. Where else can you find a business where from a
mere Php600,000-1M pesos—you can have them returned in 18 months?
