The US Laundry Market

The coin laundry industry in the United States is approximately 60 years old, and is primarily composed of individual owner/operators. Approximately, less than 10% of the whole country’s population, which is under 30.000.000, use a service offered by the coin laundry industry. Currently, there are around 35,000 coin laundries in the United States, generating several billion dollars in gross revenue annually.

Coin laundries range in market value from $50,000 to $1,000,000, and can generate cash flow between $15,000 and $200,000 per year. Business hours typically run from 6:00 a.m. to 10:00 p.m. The stores usually occupy 1,000 to 4,000 square feet of retail space. New coin laundries are valued based on actual construction and equipment costs; while existing coin laundries are valued based primarily on revenues. Coin laundries are perfect examples of passive-income generators.

Coin laundries thrive in periods of both growth and recession. During periods of recession, when home ownership decreases, the self-service laundry market expands as more people are unable to afford to repair, replace, or purchase new washers and dryers, or as they move to apartment housing with inadequate or nonexistent laundry facilities. The market size grows proportionately to the increase in population. Revenues of a coin laundry rarely vary from month to month. The public will always need this basic health service-people always need to wash clothes!

Not only the coin laundry industry but On-Premise-Laundry is still booming in the United States. The market usually is divided either by geographical or market segment. A lot of people has found jobs working in this kind of industry and sell numerous O.P.L. laundry equipments, which generate billions of dollars in gross revenue annually.