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.
By the Numbers
This article first appeared in PlanetLaundry magazine. It is being reprinted with the permission of the Coin Laundry Association. DemographicStory_plmag_April19... Read more
Are You Still Single? Industry Experts and Veteran Laundry Operators Discuss the Continued Growth of the Multi-Store Ownership Model
This article first appeared in PlanetLaundry magazine. It is being reprinted with the permission of the Coin Laundry Association. In southern California, owner Art Jaeger entered the vended laundry industry by building two stores simultaneously. And, in Houston,... Read more
How to Succeed in the Laundromat Business? Location, Service, and More…
Neighborhood Laundry is a state-of-the-art laundromat in Santa Maria, California that features all brand new Dexter laundry equipment and a 400-foot indoor playground for children. It is already a big hit with the local community — especially among families with... Read more
A Filmmaker and Teacher Go Into The Laundromat Business
Stories about successful Los Angeles-based filmmakers are not that uncommon, but here’s one with an interesting twist that might make a good movie someday: ‘guy and his wife decide to find a more interesting investment vehicle than a 401K, so they invest in a local... Read more