Owning a Laundromat
Small business entrepreneurs have long been attracted to the coin laundry business for good reason. It is estimated there are 35,000 coin laundromats in the U.S., generating approximately $5 billion dollars in gross revenue each year. A common industry refrain is that the coin laundry business is ‘recession proof’ since there will always be a need for clean laundry.
The key to successfully owning a coin op is choosing the right location, negotiating a manageable long-term lease, upgrading the space to attractive, safe, modern standards, installing efficient, state-of-the art coin operated washers and dryers, and marketing it effectively using social media. But that’s not all. You also have to offer the right mix of amenities and value added services in order to compete in a crowded marketplace. Our Laundry Specialists can help you get a headstart. Following are some profiles of successful coin laundry customers with whom we have worked.
Brandon R. currently owns and operates four successful laundromats in California’s sprawling Inland Empire. He is a relative newcomer to the business, having traded in his busy banking career for one where he can make his own hours and be his own boss. Along the way,... Read more
Three laundromats in California’s wine country hosted a Free Laundry Day on October 30, 2017 to help victims of the devastating wildfires in the region, with support from WSD, Dexter Laundry and the LaundryCares Foundation, the 501(c)3 charity of the Coin Laundry... Read more
Capitalizing on its success in the coin operated laundry business over the past five years, the popular Wash N Go Laundry chain in San Diego recently opened its fifth laundromat—this one at 1489 East Plaza Boulevard in National City—to an enthusiastic welcome from the... Read more
A few years ago, Rita and Greg Ferrero were pondering ways to make a living as they transitioned from corporate careers to retirement. It was about this time that fellow laundry owners, Deborah and Jim Dower, asked Greg to help them collect when they were out of... Read more
Thousands of residents of northern California’s wine country have lost their homes as wildfires raged out of control—’like a blowtorch’—through their neighborhoods in recent weeks. Tragically, many people lost their lives and others remain missing or unaccounted for.... Read more
If you were one of the many people watching the San Francisco Giants play the Los Angeles Dodgers at Dodger Stadium on TV last week, you might have seen a commercial for a Comcast’s XFINITY TV during the baseball game, featuring a cameo appearance of gleaming,... Read more