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Coin Laundry Insider Tip!
Topic: Common mistakes made by 1st time coin laundromat investors!
your forecasted financials.
experience.
factors into your coin laundromat business plan.
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Under or over estimating
Coin Laundry Industry Tips
For additional questions, The Coin Laundry Business to become more informed and to purchase your gas station guides now click here to Order Now.
1. A Coin Laundry owner's most common dilemmas are:
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Finding honest and hard working employees
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Taxes
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Unruly Customers
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Vandalism
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Competition
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Water and Electric bill
2. If you decide to hire employees - their job description will include:
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Wipe down the outside and inside of the machines
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Sweep and mop the floor
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Wipe down the folding tables
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Clean the lint out of the dryers
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Wash the windows
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Empty the trash
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Take Wash and Fold orders
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Fulfill Wash and Fold orders
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Clean the soap dispensers
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Clean vending and video game machines
3. What kind of profits can a Coin Laundry Business make?
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If your annual gross income is about $1.2 million you can expect your expenses to be about $300,000. Your expense amount can run high or low it all depends on how you operate your Coin Laundry business.
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Remember low expenses means a higher profit margin.
4. A Coin Laundries main operating expenses.
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Rent
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Gas
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Sewer/Water
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Electric
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Trash Collection
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Insurance
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Personal Property Tax
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Camera Security
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Vending Expenses
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Parts
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Janitor/Attendants
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Miscellaneous
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Business Tax and License
5. How much can a Laundromat make?
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A Laundromat's profits will vary according to the location, traffic flow, management, price of wash/dry, and any other added ancillaries you might have in your Laundromat that can bring in added income for you. See below for some Laundromat (with just venue from washer and dryer sales) buying prices along with the monthly gross:
Buying Price Monthly Gross
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$89,000 $11,900
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$130,000 $15,000
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$248,000 $18,000
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$431,000 $18,600
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$590,000 $26,500
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$648,000 $32,000
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$750,000 $40,000
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$800,000 $45,000