Self service laundries Forms for Houston
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FAQ
Self-service laundry facilities in the United States are most commonly called laundromats.
Laundromats generate about $5 billion in combined nationwide gross annual revenue. 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.
Laundromats in the U.S. see an average cash-on-cash ROI of 20-35% (9)much higher than most alternative investments. And when you factor the flexibility and low labor costs, laundromats just make sense. All the benefits of a profitable investmentwithout all the risks.
The amount of money you can make from a laundry varies tremendously. According to the Coin Laundry Association's Brian Wallace, the annual gross income from one store can range from $30,000 to $1 million. The expenses incurred while running a store range between 65 and 115 percent of the gross income.
Some other essential laundromat equipment (besides the washers and dryers themselves) to get are:Change machines.Credit card payment system.Laundry carts.Oversized washing machines.Security cameras.Soap dispensers.Vending machines.
Today, self-service laundromats are a common sight in big cities and suburbs. Just pop into a laundry shop, find a vacant cleaning appliance, load your dirty laundry, and pay to use the machine. Most of these laundry shops are equipped with user-friendly coin-operated washing machines and dryers.