Category: Starting a Business

How Much Does It Cost To Open a Laundromat in 2024

November 28, 2023 Gerri Detweiler

If you open or purchase a laundromat, you’ll be in good company. There are about 30,000 coin laundries in the US, generating about $5 billion in annual revenue, according to the Coin Laundry Association, which represents the laundromat industry. A laundromat in the right location can create a profitable business for years to come. But how much does it cost to open a laundromat? Here we’ll explore the costs and benefits of a coin laundry business. Start a Laundromat in… Read More

Buying An Existing Business in 2025

October 25, 2023 Tiffany Verbeck

Jump to SectionShareFacebookLinkedInTwitterShare LinkState of the "Businesses for Sale" MarketPros and ConsWhere to Find Existing BusinessesWhy Consider a Boring Business7 Steps to Buying a BusinessDue Diligence and Legal Considerations Funding OptionsFAQs There are many opportunities to buy an existing business, offering an excellent way to break into entrepreneurship without starting from scratch. The positives of buying an existing business include inheriting a customer base and operational plan, while the negatives include a potentially high purchase price, inaccurate financials, and problems that… Read More

Startup Costs for a Health Information Website: What You Need to Know

August 11, 2023 Tiffany Verbeck

Deciding to start a health information website can be lucrative — the entire healthtech (healthcare technology) industry is expected to be worth $721 billion by 2026. More and more people are turning to digital healthcare options, especially since the pandemic left many people unwilling to go to in-person appointments. While health care costs are going up, telehealth usage has increased since the start of the pandemic and is only expected to continue rising. In this article, learn what challenges you’ll… Read More

How to Start and Finance Your Own Auto Repair Business in 2023

August 11, 2023 Tiffany Verbeck

Business owners looking to start an auto repair business can create a successful enterprise if they understand the industry and how to run a small business. Opening an auto mechanic shop requires industry expertise and small business know-how — all of which is possible to learn. In this Nav article, we cover what the auto repair industry looks like today, the challenges of opening an auto repair shop and how to handle them, and the steps to take when applying… Read More

How to Get an LLC in Ohio: A Step-by-Step Guide

May 23, 2023 Thomas Plaizier

Are you interested in starting a business in Ohio but worried about the legal risks involved? Forming a Limited Liability Company (LLC) in Ohio can protect your personal assets while allowing you to enjoy tax benefits and management flexibility. In this comprehensive guide, we'll take you through the step-by-step process of how to get an LLC in Ohio, starting from understanding its benefits to filing the Articles of Organization. Understanding the Benefits of an LLC in Ohio Before we dive… Read More

How to Get an LLC in New Jersey: A Step-by-Step Guide

May 17, 2023 Thomas Plaizier

If you're looking to form a limited liability company (LLC) in New Jersey, you've come to the right place. This step-by-step guide will walk you through the process of forming an LLC in New Jersey, from understanding the basics of an LLC to filing the certificate of formation. Let's get started! Understanding the Basics of an LLC Before we dive into the specifics of forming an LLC in New Jersey, it's important to have a solid understanding of what an… Read More