Thanks to the continued demand for laundry and dry-cleaning services in the United States, the U.S. laundry facilities and dry-cleaning market is expected to grow to $16.1 Billion by 2030. The huge growth can be directly attributed to the internet, and on-demand laundry services which have made it easier than ever before for consumers to get their laundry done. With the market anticipated to grow at a CAGR of 4.5% from 2022 to 2030, investors to shifting their focus to laundromats, and on demand laundry services, as traditional investments continue to produce subpar results. The Sky Is the Limit? Yes, … Continue reading US Laundry Facilities and Dry Cleaning Market Expected to Grow To $16.1 Billion By 2030
One of the most common reasons why some investors don’t invest in laundromats, even in the 2020’s, is because they think the laundromat industry is dying, when that couldn’t be further from the truth. Like any great industry over the last 100 years, the laundromat industry is changing and adapting to the needs of consumers who will likely continue needing laundromats for the next 100 years. How Are Laundromats Changing? Customers want multiple payment options – Washers and dryers cannot accept just cash or coin any longer, they must also accept all forms of payment, including payment from a customer’s … Continue reading Is The Laundromat Industry Changing or Dying in the 2020’s?