Category: Invest

Invest, Laundromat, Statistics

Key Statistics Laundromat Investors Should Know

laundrybizcenter

The laundry industry continues to boom in 2023 as more people are renting and using laundromats and laundry rooms than ever before.  In this article we will break down the state of the laundry industry and offer you tips on the changing shape of the industry in the coming years.   35,000 Laundromats Nationwide and Growing  What once was a trend only with people starting out in life is now something that’s used by people of all ages and generations.  As of 2023, there are 35,000 laundromats nationwide that are generating about $5 billion in combined gross annual revenue.  Most coin … Continue reading Key Statistics Laundromat Investors Should Know

How to, Invest, Laundromat

Questions To Ask Before Investing

laundrybizcenter

Questions To Ask Before Investing in An Existing Laundromat Laundry Business. Are you planning on investing in an existing laundromat business? You’re making a smart choice because, laundry continues to be a service that everyone needs, and laundromats continue to produce passive income while other businesses fail.  Before investing in an existing laundromat, make sure you ask these questions first.  Question #1 – What Are Your Average Monthly Operating Costs?  The first and most important question to ask before investing in an existing laundromat is what are the average monthly operating costs at the location?  Don’t take the owner’s word … Continue reading Questions To Ask Before Investing