What Is Coin Laundry?
Often, coin-operated laundries are safe ventures. This is because people have to wash clothes daily or weekly. They go to places where they can pay to have their clothes cleaned. These places use commercial-grade washing machines and dryers. To use these machines, you need coins to operate them. Places like these are known as coin-op laundries, Laundromats, or self-service laundries. They are usually called coin laundry. These ventures may also provide dry cleaning services.
How Much Is A Coin Laundry Machine?
Coin laundries use coin-operated machines. There are many different coin laundry machines to choose from. The prices of these machines range between $900 to $5,000. Their value depends on:
- Build quality,
- Brand,
- Productivity, and
- Loading size, among other factors.
How Much Profit Does A Coin Laundry Make?
A laundromat’s annual gross income ranges from $30,000 to $1 million. Its profits often come from the coins deposited into the equipment by punters. Also, they profit from venders for laundry products, food, and beverages. Pickups and deliveries services also add to the profit.