The Claim: Laundromats Are Dying

Recent articles from Marketplace and The Atlantic cast laundromats as one of America’s “fastest-dying businesses.” But if you look into justification for the claim, you’ll find that laundromats aren’t dying – they’re just changing to keep up with a rapidly transforming market. The Atlantic reports that as developers transform urban neighborhoods across the country, renters and buyers are opting for apartments and condos with in-unit washers and dryers. This phenomenon, combined with price-cutting competition, rising rents, and costly utility bills can all pose threats to independently-owned laundry businesses. However, laundromats remain an essential community service, and laundromat owners are stepping up to make their businesses even more indispensable. … Continue reading The Claim: Laundromats Are Dying

US Laundry Facilities and Dry Cleaning Market Expected to Grow To $16.1 Billion By 2030

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