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Select Page Collecting Your Coins from Your Laundry Business Safely by CLA Insurance Feb 7, costs , laundromat insurance , Laundry , liability , protection , theft prevention 1 comment When the general public thinks about coin laundries, one of the first images that comes to mind is that of the store owner raking in all of those quarters. So, if your self-service laundry business requires you to collect quarters, here are some personal safety precautions to heed: Vary your collection schedule.
The first basic tip to remember is to alter your collection schedule. If someone is going to rob you, there is a good chance that he will watch you and your store for a period of time before actually following through with his plans. Typically, would-be thieves know exactly who the laundry owners are. In fact, they probably know more about your business than you think they do. They probably know where you keep your money and how often you collect. Use discretion when handling money in your laundry.
Put your cash in a toolbox, or some other container that will not make it so obvious that you are taking money out of your laundry. Some laundry owners have even altered large boxes of detergent, placing metal cases inside of the soapboxes. This way it looks like they are just carrying soap in and out of the store. Be observant when collecting.
Keep an eye on who is in your facility. Alter your route to the bank. After collecting, make your deposit as soon as possible.
Just as you vary your collection schedule, be sure to vary your route to depositing your money as well. Again, continue to be as observant of your surroundings as you were when you were collecting in your store. Alter your stops and your route to the bank.
Collect during business hours. Collect during the daytime or during business hours whenever possible. If your store is too busy to collect during store hours, lock the doors after hours, or do the collections first thing in the morning. Collect with a partner. Use two people when you collect your store. One person can collect and the other person can watch your back.
He can keep an eye out for what is going on inside and outside the store. Collect in bags, not buckets. Many owners collect their coins in buckets, which can be a big mistake. You should really collect coins in bags. Plus, buckets are loud. When you dump coins into a bucket, it sounds like a drum. And a bag full of money lies on a cart less conspicuously. Carry a sacrificial bag. Perhaps consider carrying a sacrificial money bag when collecting. If someone is going to run up and grab something, let it be that.
When collecting, park close to your store. In fact, park right in front of your laundry. Some owners may be tempted to leave a choice parking space near the front door for a customer. Call someone. When you walk outside after collecting, especially late at night, be talking to someone on your cell phone.
That way, if you are accosted, even if you drop the phone in panic, the person on the other end will immediately hear that something is wrong. Now someone is expecting you. Walk tall. Posture can draw or repel predators. People who are afraid tend to hunch their shoulders and lock their hips.
Work toward avoiding such fearful posture. These tips are intended as guidelines to help you stay safe. Make sure you also protect your business and its assets with the appropriate property and liability insurance. Click the link below to begin an application.
The Different Types of Coin Laundry Businesses Owning a coin laundry business certainly has many benefits, but, like any business, building and running a successful laundromat will require time, skill, and monetary investment.
The amount and ratio of these elements time, skill, investment will depend on the type and number of stores you plan to open. Learn more: Financing Your Laundromat Business Coin laundry businesses come in many shapes and sizes, and in future blog posts, we will look at the benefits of the different types of stores.
In particular, we will explore the growing trend of hybrid laundry cafes and laundry-bars. Fully-staffed, Full-service Coin Laundry Business If you like the idea of employing staff and providing a range of laundry services, a staffed laundromat may be right for you.
Unattended, Self-Service Coin Laundry Business If you want a simple, hassle-free business that only offers one type of laundry service, owning an unattended, self-serve coin laundry business could be right for you. This type of store is popular in high-density areas like city centers and university campuses. The number of hours, types of skills, and level of investment required to open and operate a fully-staffed versus a self-service coin laundry business may be very different, and it will be useful to think about the hours, skills, and investment needed for your preferred type of store.
Time Dedicated To Your Coin Laundry Business The weekly hours you dedicate to running your coin laundry business will depend on the type of store you plan to open and the number of staff you plan to hire. You will still need to manage the business, collect revenue choose electronic payments to avoid this task , clean the store, keep the environment safe and monitored, maintain the machines, and of course open and close daily.
If you plan to run your laundromat as a side business, or you plan to open multiple stores, there are ways to minimize your time and staff requirements. You can use software like LaundryPulse — a digital laundromat management tool from Laundrylux — that allows you to run your store or multiple stores remotely from your laptop.
Many full-service store owners enjoy their time at work as they get to meet lots of different types of people. If so, owning a self-service laundromat might be right for you.
Alternatively, if you enjoy talking to customers, managing staff, and have a large property, opening a full-service laundromat business would be right up your alley! Laundromat Business Skills and Experience One of the main benefits of the coin laundry industry is its low barrier to entry. There are, however, certain skills and types of experience that may help you succeed.
Management Experience A background in running a business will certainly benefit a prospective coin laundromat owner — whatever type of store you plan to open. Providing a quality service to your customers while keeping your overheads low is an art, and those with an understanding of business will have an advantage when starting off.
But, there are lots of resources available to help new owners learn how to run a successful laundromat, and of course, the laundry experts at Laundrylux are always there to help our current and future store owners succeed. Because all laundromats offer a similar service, how customers feel about a store will determine whether or not they become regular visitors.
And probably the most important factor of all in an attended laundry is the presence of friendly staff. Laundromat Technical Know-How Those owners with a mechanical background may save on upkeep costs by maintaining and servicing their equipment themselves — although, modern washers and dryers are built for reliability, so these skills are certainly not essential.
You should be aware, however, that installing, maintaining, and repairing commercial laundry equipment requires specialist training. When choosing a commercial laundry distributor, you should always make sure that they will provide you with access to trained commercial laundry technicians to take care of these jobs. The business experience will benefit you — no matter what type of store you want to run.
And make sure your commercial laundry distributor can provide you with well trained commercial laundry technicians. Once your store is established, your main expenses will be your utility bills, property rental or finance repayments, equipment upkeep, and staff. A quick note here for anyone who is reading about the laundromat industry for the first time — the coin washers and dryers you see in laundromats are not the same as their residential counterparts.
Commercial laundry equipment is built for round-the-clock, reliable performance; it also has a higher load capacity and many more programs available. Coin laundry equipment — like Electrolux Professional Washers and Dryers — will help keep your utility costs down. Hopefully, you now understand the benefits of opening a laundromat and the time, skills, and investment needed to run a successful store. Stay tuned for upcoming blog posts, where we will explore, in much greater detail, the many different aspects of running your own laundromat business.
Are you ready to start your laundromat business? Laundrylux has been helping people open and operate laundromats for over 60 years. We can help you achieve your business goals. Connect with our industry experts.
How to break into a Greenwald coin box . coin op laundry vault
You can fill your laundry card online or at a pay station in the laundry room. Select preferred wash cycle. After the wash remove clothes and place in the dryer.
Clean the lint drawer. Select preferred dryer time.
Is The Coin Laundry Business Right For You?
Fill the detergent, fabric softener or bleach trays with your preferred cleaning solution. Insert coins into the machine, choose the cycle and start the wash. Remove clothes and place loosely in the dryer. Remove all lint from the lint drawer.
DIY Fix-it Guide for a Jammed Coin-Operated Washer.
Simply put, the laundromat business is steady, strong, and vibrant. So there are plenty of coins going through plenty of machines and occasionally one gets stuck. Everything slides through perfectly well and nobody has to get frustrated. However, the washers get used heavily and parts wear also the coins are rarely the perfect shape they were when they were made. All this means coins get stuck from time to time. Use tweezers to reach into the coin slot.
See if you can grasp the coin and pull it out. Chances are someone has already slapped the side of the machine where the coin slot is located. Try upping your game, place a piece of wood or something that will protect the paintwork against the side nearest to the slot and use a hammer to rap sharply on the wood to try to unjam it.
If your store is too busy to collect during store hours, lock the doors after hours, or do the collections first thing in the morning. Collect with a partner. Use two people when you collect your store. One person can collect and the other person can watch your back. He can keep an eye out for what is going on inside and outside the store.
Collecting Your Coins from Your Laundry Business Safely
Collect in bags, not buckets. Many owners collect their coins in buckets, which can be a big mistake. You should really collect coins in bags. Plus, buckets are loud. When you dump coins into a bucket, it sounds like a drum. And a bag full of money lies on a cart less conspicuously. Carry a sacrificial bag. Perhaps consider carrying a sacrificial money bag when collecting. If someone is going to run up and grab something, let it be that.
When collecting, park close to your store. In fact, park right in front of your laundry.