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.
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
‘State of the Art Laundromats with Phenomenal Customer Service’
If you’re going to build and run a chain of local laundromats, you may as well make them as appealing, efficient, and customer-friendly as you possibly can, because, otherwise, what’s the point? Clearly, that’s the mindset of the Grande Laundry Places’ owner, and area... Read more
Silver Lake Laundromat Gets A Major Upgrade
Long-established, family owned and operated, Clean Coin Launderland, in the Silver Lake neighborhood of Los Angeles, is in the final stages of being remodeled and upgraded to better serve the needs of the changing, local resident population. Named the top ‘Hippest... Read more
From Banking to Success in the Coin Laundry Business
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