What type of people use laundromats?

Customers Demographics

• Low income renters are the primary users of coin laundries.
• More than 60\% of laundromat patrons are women.
• 87\% of customers live within a mile of the facility.
• Laundromat customers’ median household income is $28,000.
• 90\% of patrons become repeat customers.

How many people in the US use laundromats?

One estimate indicates about 29,500 laundromats (also known as coin-ops) operate in the U.S.; another estimate puts the number at nearly 22,800. Based on those figures, it’s easy to conclude that millions of Americans wash and dry their clothes at laundromats every year.

What state has the most laundromats?

Which States have the highest number of businesses in the Laundromats industry in the United States? New York (2,270 businesses), California (1,193 businesses) and Texas (810 businesses) are the States with the most number of Laundromats businesses in the US.

Why do people go to coin laundry?

Convenience – Many coin laundry stores offer pick up and drop services. You get your laundry washed, dried and neatly folded while you finish other chores at home and elsewhere. Access to Help – Some coin laundry stores appoint professional staff to help the customers.

Is laundromat business dying?

The laundromat industry is thriving today and is projected to continue to grow in the coming years. Self-serve laundromats are far from dying. However, the service side of the business is growing at an increasingly rapid pace through the addition of drop-off laundry services and laundry pick-up-and-delivery services.

Is owning a laundromat worth it?

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 investment––without all the risks.

Is laundromat a dying business?

The Atlantic reported that the number of laundry and dry cleaning facilities in the U.S. has declined by almost 20 percent since 2005. But Coin Laundry Association data also shows that the nation’s laundromats earn a collective $5 billion each year, which is a huge sum.

Why are laundromats still relevant?

This is a tremendous time, money and labor-saving advantage for people who are elderly or disabled. Laundromats provide an important service to their communities. They will remain relevant so long as people value cleanliness and take pride in their appearance.

How many laundries are there in the United States?

Surprisingly, clean clothes are big business. According to Wikipedia, over 35,000 laundries are in existence in the United States. These businesses employ 197,650 workers, according to US Government statistics from May 2013. Consider how and when a family with their own washer and dryer might want to use a laundromat.

What kind of laundry services do you need for your business?

Washers and dryers are big, heavy and hard to transport when a move becomes necessary. Cleaning companies, for instance, must frequently launder rags, towels and mop heads that are used every day. Car washes and small catering companies are also among the businesses that need laundry services on a regular basis.