If you ask your family, friends, or associates, they will tell you that they’ve used a laundromat at least once in their lives.
Sadly, as with anything else in life, laundromat prices have gone up over the years and it’s more expensive to do a load of laundry than it was 10 years ago, but the big question is why?
In this article we will break down the reasons why laundromat prices have changed over the years.
Understanding Laundromat Price Increases
Some of the reasons why laundromats are charging more in 2023 for a load of laundry include:
- Machines cost more – The average cost of a new commercial dryer is $800-$2600 compared to $500-$100 just 20 years ago.
- Energy costs continue to rise nationwide – Water and electricity costs continue to rise each year, especially in states like California.
- Inflation – The reality is that inflation often hits laundromats the hardest because parts, labor and maintenance prices have continued to increase in the last year along with common laundry staples like detergent and dryer sheets.
How Can Laundromat Owners Stay Competitive in Changing Times?
Despite the need to raise prices when costs go up, owners can continue to keep their businesses competitive by doing the following:
- Improve the laundromat experience – Offer free WIFI, vending machines, free cable, comfortable chairs, and other amenities to keep people satisfied while they are doing their laundry.
- Establish a loyalty program – Last of all, another effective way to retain customers during difficult economic times is to establish a loyalty program that rewards consistent customers, offers discounts and more.
Laundromats continue to be a thriving business in the 2020’s so even though an owner may need to raise their prices a little, they can keep their customers satisfied by utilizing the strategies mentioned in this article.
By Jeremy Raglin, Content Writer
Also see: Suppliers Directory