Is buying a laundromat a good investment?

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 a 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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