Average profit margin is between 20% and 30%. ranges from $30,000 to $1 million, according to Brian Wallace of the Coin Laundry Association. The average annual income of a laundromat in the U.S. Know how much profit can a laundromat make On average, you can charge customers $3 per load of laundry, washed and dried. Know how much you can charge customersĬosts for laundry services are driven almost entirely by the location. However, accepting credit cards increases convenience, potentially leading to more customers. Cash-based transactions help to keep costs down for the customers and owner because there are no credit card fees. However, some laundromats do offer the use of credit cards, checks, and even laundromat-specific cards. This business usually handles transactions in cash. A laundromat may choose to operate as a self-serve operation, where customers insert quarters into machines to operate the washers and dryers, or it may be run as a full-service business in which customers pay to have staff do their laundry for them. Know how they make moneyĪ Laundromat makes money by charging customers to wash and dry their clothes. This might mean placing the laundromat near low-rent or poor neighbourhoods. Ideal customers are those living in apartments where there are no onsite laundry services or washers and dryers for self-service.
However, a laundromat can also service the general public and bring in a consistent stream of revenue. Preferred clients are businesses with long-term service contracts. Maintenance costs can range from $50 to $150 per machine for simple maintenance and repairs. You should also set aside money for maintenance.
Expect to pay between $200 and $2,000 per machine just for the water and heating. The biggest ongoing expenses are the utilities. Know the ongoing expenses for a Laundromat
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