How Do You Pick a Coin Operated Laundry?

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How to Use a Coin Op Laundry

  • Insert coins into the machine, choose the cycle and start the wash.
  • Remove clothes and place loosely in the dryer.
  • Remove all lint from the lint drawer.

Coin-Operated Laundry Overview

Cost and Revenue:

  • Average wash costs $2.50.
  • Average dry costs $1.25.
  • Generates $200 washing machine revenue and $100 dryer revenue daily.

Coin-Operated Machines:

  • Require quarters to work.
  • On average, 20 machines used 4 times daily.

Coin-Operated Laundry Business

  • The business runs on coin operation similar to vending machines.
  • Machines are found in hotels, dorms, and apartments.
  • Kenmore makes coin-operated front load washers.

Financial Considerations

  • Monthly cost based on 8 loads weekly is $166.72.
  • Investing in coin-operated laundry can have a 20-35% ROI.
  • Larger properties can benefit financially from coin-operated laundry.

Accessing Quarters for Laundry

  • U.S. Bank, Bank of America, Citibank, Chase, and Credit Unions offer free coin counting and cash exchanges for customers.

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