How much does it cost to open a laundromat?
Expect to pay between $200,000-$500,000 to open an average-sized laundromat due to commercial-grade equipment. No matter our differences, there’s one thing we can all agree on — clean clothes are a must. That’s probably why coin laundromats can generate anywhere from $15,000 to $300,000 in annual cash flow.
Are laundromats profitable?
Laundromats tend to be profitable even in an economic downturn. During a recession, more people will turn to self-service laundry rather than outsourced laundry or dry cleaning.
What is a laundromat worth?
Coin laundries can range in market value from $50,000 to more than $1 million. Coin laundries generate cash flow between $15,000 and $300,000 per year.
How much do Laundromats Make in Texas?
Laundromat Salary in Texas
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $28,796 | $14 |
| 75th Percentile | $22,151 | $11 |
| Average | $21,250 | $10 |
| 25th Percentile | $17,277 | $8 |
What is a cheap business to start?
20 businesses you can start with $500 or less
- Online seller. Whether you want to sell apparel, collectibles, or whatever, you can easily get up and running online on the cheap.
- Virtual educator/trainer.
- Dropshipper.
- Social media marketer.
- Freelance writer or editor.
- Sales consultant.
- DIY crafts and treats.
- Lawn care.
How do I start a successful laundromat?
How to Run a Successful Laundromat
- Supervise the store regularly.
- Inspect the machines.
- Clean the shop and equipment.
- Keep it safe.
- Interact with customers.
- Market your services.
- Collect your earnings.
How much money do laundromat owners make?
The profits you can expect to generate from a laundromat vary depending on the size, efficiency and popularity of each business. According to the Coin Laundry Association, cash flow from a laundromat may vary from $15,000 to $200,000. Laundromats require few, if any, employees.
