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.
Neighborhood Laundry – Santa Maria, Calif
Before Getting into the Laundry Business… Co-Owner David Stewart was running a small bed-and-breakfast operation, while also building spec homes. His son – the laundry’s other owner, who also is named David – was working as a project engineer for a civil... Read more
Laundromat Business: How to Succeed in a Super-Competitive Marketplace
What would make someone decide to enter the uber-competitive southern California retail laundry business? The answer in Parto Famouri’s case is a desire to capitalize on a great location — and a calculation that he could develop a coin operated laundry that would... Read more
From Thailand to the U.S.: Everyone Needs Clean Laundry
In June 2010, Sam Bae moved from Thailand to the U.S., settling in a north Los Angeles community in sunny southern California. Five months later, he opened his first laundromat in nearby Eagle Rock, a densely populated neighborhood consisting mostly of renters. Bae... Read more
Running a Successful Laundromat Business on an Island ‘Paradise’
Third-generation Catalina Island resident, Steve Hoefs, is a pillar of the community. In addition to serving as the island’s longtime fire chief (since retired), he has also served as town manager, and has owned and operated a popular local, arcade and restaurant for... Read more