Laundromats nationwide are valued at $50,000 to $1 million or more. The typical net earnings range from $15,000 to $300,000 annually. Laundromats make about $5 billion in nationwide gross yearly revenue.
Industry overview shows 35,000 laundromats nationwide, generating $5 billion combined gross yearly revenue. Self-service laundromats have coin/card-operated washers/dryers. Full-service ones offer washing, drying, and folding. The global market reaches $365 billion by 2026, rising at 3.5% yearly.
Laundromats automate, customers provide labor. This reduces employees, saving salaries and benefits. They are cash-based. But marketing is vital to attract and retain customers. Simply opening doors won’t bring customers. You need a strategy.
To maximize profitability, consider key factors and create a smart model. Proper marketing and management means potential for profitable investment. Location, size, and pricing determine income. Small ones earn $5,000-$10,000 monthly. Larger ones upwards of $20,000. But profitability depends on overhead costs too.
With average laundromats in the U.S. bringing in $300,000 yearly, you can generate healthy profits by controlling costs. Laundromats have returns even higher than 33% and are expanding by 9.4% yearly.
Laundromats have 20-35% cash-on-cash ROI, much higher than most investments. With flexibility and low labor costs, they make sense. All profits without risks. The average laundry customer spends $1.50-$4 per load. Drying costs are similar. Weekly revenue is typically 50% of washing revenue.
Laundromats are places to do laundry, usually open 24/7. Employees work 9-5. People come if they have no washer or dryer at home or need to clean large items. You need change and time. Laundromats get busy during the day with long wait times. The best times are in the morning or after midnight since some have peak pricing.