The economy has been on the rise for the past few years. Unemployment is down. Now would seem like the opportune moment to finally start a business, right? What if the economy were to enter another recession? Would your investment be secure? These are all legitimate concerns. You work hard for your money and you have to be careful with where you put it.
Thankfully, history has shown us that a recession-proof business does exist: laundromats.
Why are laundromats recession-proof?
The answer is actually very simple. People will always need to wash their clothes, no matter the state of the economy. If anything, shopping and spending on new clothes will be down, so people will make the most of the clothes they already own.
Even people with their own washers and dryers may have to visit a laundromat during a recession. If their machines break during a recession, they may not have the resources to fix them in a bad economy.
Modern commercial washers and dryers are built to last for many years. With proper care and maintenance, these machines will last even longer. Store owners can be confident that their laundry equipment can weather the couple years it will take to come out of a recession, only having to worry about minor maintenance and upkeep.