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-resistant’ since there will always be a need for clean laundry.
The key to successfully owning a vended laundry 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 card and/or 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, avoiding common industry pitfalls. Following are some profiles of successful coin laundry customers with whom we have worked.
Local Laundromat Serves as a Community Center
Since we drafted this post earlier this year, the COVID-19 pandemic hit the U.S., changing normal, daily life, including Family Laundry’s operations. As an essential service, the laundromat was permitted to remain open but with a substantial change in operating... Read more
Announcing New Dexter Laundry Financing Program
Dexter Laundry and WSD are committed to helping laundromat owners provide superior laundry facilities to those who need it, especially during these challenging times. To that end, Dexter Financial Services (DFS) is currently offering its lowest financing rates... Read more
From Equipment Mix to Payment Structure, Here’s How Laundry Owners are Fitting Dryers into The Overall Business Equation
Despite major advances in high-speed washer extraction technology, a laundromat completely free of dryers is still nowhere on the horizon. At the end of the day – and no matter their G-force – washers can remove only so much water from laundered garments. And, with... Read more
Laundry Business Entrepreneurs Grow Their Empire
Ross Dodds and Russel Pinkard have figured out how to succeed in the Los Angeles laundry industry.The partners own three thriving laundry businesses: Wash on Western — a full-service laundromat they refurbished and re-opened in 2017; a self-service laundromat in West... Read more