Here is some basic information about self-service laundries:
Laundries are a Growth Industry According to industry statistics; there are over 35,000 coin and card-operated laundries in the United States,
generating more 3 BILLION in annual revenue. For more info look at www.coinlaundry.org
Laundries perform especially well in densely populated, ethnic, and lower to middle income areas, however, middle class areas are also proving to be a strong market. The primary customer base will include people who live in rental housing, college towns, and immigrant dominated markets.
Coin laundries also appeal to a broader array of customers because of their convenience, time and cost savings, and full range of services not found in the home or most apartment dwellings.
Business is strong during recessions regardless of the slow-growth or a no-growth economy. The self-service laundry market is a recession proof industry because people will always need to wash clothing. Throughout economic downturns, the outlook for the coin laundry business is positive.
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