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.