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.
Laundromats Ready to Reopen and Recover: Western State Design and Dexter Laundry Can Help
As our communities and businesses prepare to reopen safely, Western State Design and Dexter Laundry are here to help. After all, clean laundry is an essential need — now more than ever. To facilitate resumption of your laundry business, Dexter is offering important... Read more
Customers Rave About This New ‘Laundromat from the Future’
Scott and Ryan Overholtzer know a lot about the laundromat business. Not only have they been designing, building, and remodeling coin laundries for about 25 years, they have also owned and operated a few of their own along the way. They learned the ropes at the young... Read more
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