Business Idea: Start A Laundromat in 2024
The first laundromat opened in the United States in 1887. It was invented by the entrepreneur Josephine Cochrane, who was frustrated with having to wash her family’s laundry by hand.
The laundromat is a self-service facility that provides washing and drying machines for personal use. There are many different types of machines available, including coin-operated ones and those that require a card. They also provide various types of detergents and fabric softeners for use with the machines.
A laundromat can make a lot of money if it is in the right location and has the right prices.
Revenue & Profitability
How much do laundromats make?
- On average, successful laundromats report $656K/year in revenue.
Startup Costs
How much does it cost to start a laundromat?
- It can cost as low as $13,300 to start a laundromat.
- It can cost as high as $850,000 to start a laundromat.
Learn more about the costs of a laundromat.
Examples Of Successful Laundromats
Successful laundromat businesses and case studies
Pick My Laundry, India's on-demand laundry and dry-cleaning service provider has developed a mobile app and website serving almost 50,000 customers in its first year after signing up 100 third-party laundry services and franchising its model with over 50 franchises across more than 15 Indian cities.
A digital marketer purchased Nina's Laundromat in Northcote, Australia in July 2021, investing in its digital presence and upgrading the machines to create a new brand. Within 12 months, the revenue doubled and the store added a commercial laundry service, bringing an additional AUD24K per year.
See full list of successful laundromats.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
