First of all, the key question is Why invest? ... Investing is able to provide another source of income, it is a way of reassuring money. Some people have their attention on the retirement fund, others of a potential financial jam in the future, it all depends. Above all, investing helps with the growth of people’s wealth — letting some financial goals to be met and increases purchasing power over time.
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” - Warren Buffett
When the questions “where to invest?” or “What is the best business sector to invest in?” come to mind, think of laundry franchises. While no investment is guaranteed, this sector is a great business opportunity to focus on. It is true that at first glance it seems like a traditional old fashion sector not likely to have great Return of Investment or any excessive benefits. But the beauty of it is that what you just read it's not even close to reality! Currently, the laundry industry is one of the fastest growing businesses! There has been a great increase on the service’s demand over the last couple of years, making laundry franchises one of the best profitable business opportunities.
Laundry franchises are booming because of the way people live their lives. Nowadays the world is crazy, everything is chaotic, stress is all over the place and people are starting to have less and less time to do tasks that they enjoy. Most people have a routine that looks something like this: Coffee, workout, breakfast, work, lunch, work, dinner, sleep. Repeat. Weekends? Laundry and housecleaning. Where is the time for fun?
According to recent studies, laundry is a task that can take us up to 500 hours a year, this is the equivalent of a summer vacation.The customs of the population are changing by leaps and bounds. As previously stated, free time is highly valued, since work takes up much of the day. Why should people spend the little free time they have left, on washing and dry cleaning clothes instead of enjoying it on valuable moments with lovely people?
The laundry franchises are a business of a lifetime, but they have been performing in the same way for years and years. Laundry is a sector to be exploited, with outdated techniques and with much room for improvement.
Here are some points to be considered:
That is why the population begins to delegate these domestic tasks to new business models. The new trend is to make online purchases, hire a domestic assistant because there is no time to clean and most common, ordering food either to home or to work because it is to tiering to get cooking after a long day at work. Take a look at Amazon, why is it so amazing? Because it gives people everything they ask for on the precise moment they ask for it. This brand has everything: clothing, movies, books (from physical to online), stuff for camping, most of the things people look for, Amazon has.
BUT BUT BUT, companies such as Amazon have not thought of “attacking” the laundry sector, this has not occurred yet. The washing and ironing services are still being “ignored”. This is the precise moment to participate in this big change and create a great business opportunity out of this boring activity nobody likes to do.
STILL WASTING TIME!
People actually waste more time than washing their clothes at home, since the customer must not only take the clothing to the store, he/she has to wait for the washing and drying cycles to finish AND THEN the best part, they have to do the ironing.
All these self-service laundry businesses have experienced a boom in recent years, they are easy businesses since no labor is required for them to start. But the key to success is to provide a service that solves the problems discussed above.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” - Warren Buffett
Mr Jeff has not only found the solution for this big problem, but this enterprise is revolutionizing the world! It has taken over the Latin American market with presence in countries such as: Mexico, Brazil, and Argentina; it has now its eyes on Middle East & Asia! Being already present in: the Philippines, Egypt, Thailand, Vietnam, Romania and Poland.