Asked by: Anand Prevost
home and garden home appliances

What is the average size of a laundromat?

Last Updated: 6th August, 2021

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An Average Laundromat Business
The average laundromat facility is 2,170 square feet, but businesses range from 1,000 to 5,000 square feet. Laundromats are typically open between 6 a.m. and 11 p.m., while some choose a 24-hour model. 70% of laundromats have two employees or less.

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Furthermore, what is the average profit of a laundromat?

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.

Additionally, how much does a laundromat make a day? So, on an average day laundromat X has 20 machines x 4 uses a day x $2.50 per use = $200 and another $100 for the dryers. That would equal $300 profit on a typical day. Multiply that by 365 and you end up with a pretty decent amount of money for a very small investment of your time.

Moreover, is a laundromat a profitable business?

According to the Coin Laundry Association, the cash flow of laundromats is typically in the range of $15,000 and $300,000 per year. To maximize your business's profitability, carefully consider the aspects above and create a smart business model. With hard work and prudent planning, you're sure to find success.

How many people use a laundromat?

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.

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