How much revenue can a coin laundry make?
Given all of the right conditions, it’s possible for successful coin
laundries to generate upwards of one million dollars per year.
However, this figure depends on factors such as the local population
and the range of revenue-generating facilities on offer in the
business. Pay-per-use video game consoles, for example, can
generate up to $300 per month in additional revenue.
How profitable is a coin laundry business?
A coin laundry can become a very profitable business venture with the
right business acumen and industry knowledge. As a general
rule, owners of established laundromats can expect to see about
20-35 percent of their initial investment returned as profit; however, this is
only a general guide. Key factors for consideration include the
business location, set-up, functional capacity and operating costs –
including water, gas, chemicals and capital requirements. If you
intend to hire staff, this will also increase your expenses
significantly, given that employing team members is the most
significant expense in the laundry business. In any case, it’s
important to work out your profitability through estimated revenue,
return on investment, and profit and loss calculations.