The laundry business is often a low risk business to invest in because there is always a demand for laundry services.

Laundry businesses are usually on long term leases of about 10 to 25 years and are capable of generating some steady income during the span of the lease. What makes coin operated laundry businesses so appealing is because they require no inventory.

The market value of  laundry businesses ranges from 50k to 1 million. They typically generate about 15k to 200k annually. The hours of operation for a coin laundry is usually from 6am to 10pm. Existing coin laundry businesses are priced according to their revenues. New coin laundries are valued on the cost of construction and the costs of the coin operated washer and dryers. Laundry businesses are great investments for building passive income stream.

The laundry service industry has been around for sixty years and most businesses are owned by individuals and not large companies. Out of the approximate 35k coin laundry facilities in the US, they generate about 5 billion dollars each year. Coin operated laundries are considered recession proof because clean clothes are something everyone needs in life just like food and a roof over head. Laundry facilities seem to succeed the most in areas where the population rents apartments. Every year there are more and more people renting as a result of population growth and the economy. This means that there is a growing number of customers in need of coin laundry facilities.

Laundry businesses succeed in times of economic growth as well as declining economies. People will always need to wash clothes so the coin laundry business will grow when more people are unable to afford their own washer and dryers or the costs of repairs. In addition, many apartment complexes don’t have a laundry facility or they have unreliable machines.

Operating a Coin Operated Laundry Facility
Coin operated washer and dryer facilities has the basic areas of operation: Money management, maintenance, and cleaning. The only on-site operations are cleaning and maintenance.

The level of performance for a coin operated laundry business depends on several factors. The most significant factors include demographics, services offered, condition of facility, design, quality and quantity of washer and dryers, hours of operation, inviting building, and competitors in the area.

Conclusion
Now as always, is a great time to get into the coin laundry industry. In current times, coin laundry is a service provided to the public that is thriving more than ever and continues to grow. As demographics shift even more towards the growth of apartment occupants the business is predicted to prosper.

If you are interested in joining the industry you should talk to a professional or other experts in the industry before making a big decision.

If you decide this type of work isn’t for you, you could try your hand at the business of laundry – more specifically the coin operated washer and dryer business.

The coin laundry business is changing, launderettes are no longer the boring and dim places they used to be. Some newer and more modern launderette’s are now providing games consoles, televisions and snacks to help make the launderette experience that little bit more fun.

Coin laundry is becoming one of the best and cheapest ways of doing laundry in bulk what with the rising cost of utility bills.

To run a successful launderette business all you need is a few machines to start with, somewhere you can put the machines, a catchy slogan and an extremely attractive price tag. All of these combined can make extremely easy money.

You do not necessarily have to charge for the use of the machines especially if they are coin operated, but if you decide to update your launderette with more modern items, you could charge to use them. For example, a £1 for every half hour on the gaming console, this could attract more customers and a younger customer base. Meaning you get even more profit.

Clean laundry is a necessity to everyone and coin operated laundry systems provide this necessity at a low price. What more could you ask for? Easy profit and easy work.

Some people decide to wash their clothing with the conventional washing machine and dryer, this type of machine can use up a lot of electricity and water. Others decide to buy smaller appliances for washing and drying which can also use up large amounts of electricity and water.

For small households, hand washing is also a solution yet this can take longer than actual machines.

If you live in high priced areas for water and electricity, you may join a new craze of people purchasing coin operated washing machines.

These coin operated machines provide the ability to make washing and drying a cheaper solution. Meaning, you wash when you can afford it. This can be especially useful for households who don’t like large unexpected quarterly bills for electricity and water.

Coin operated washer and dryer can work by simply putting in what is usually 1 dollar and turning the dial on the machine to the desired setting.

These machines are becoming more and more popular as time goes on, as some electricity and water companies are charging extortionate rates for usage.

There are disadvantages to using coin operated washing machines though such as, if you are unlucky enough to have no money at all, you may struggle to do your washing and drying. Also, if you have a large family and need lots of washing done each day this could work out more expensive than conventional machines as thirty loads per week could work out at $120 per month.

This machines can be purchased for around $900 making them slightly more expensive than conventional machines. But overall they may work out cheaper in the long run so paying out might just be worth it.

Frigidaire FCCW3000FS Coin Operated Laundry Washer
This washer features 4 automatic wash cycles and 2 wash/spin combinations and it is a front-loading washer for added convenience. The coin box included two keys and Factory-installed coin chute, set for 1 dollar, adjustable from 50 cents to 2 dollars. Overall it is a very good washer effective for cleaning and your tenants will love it. The only downside is the inability to open the door during a load to add clothes.

Whirlpool 27 CAM2752TQ
This is an older style coin operated washer, but it is also more affordable. Some apartment tenants have complained about it not rinsing effectively enough, but overall it is getting good reviews. This machine pays for itself in 10 months based on 25 loads per week at $1.00. It is a very reliable model that will reduce down time. Its high and low water setting system reduces water consumption by 23 gallons per cycle.

GE – WCCH404HWW

This is a 27 inch front load coin operated washer that has 4 wash cycles, 3 wash temperatures, electromechanical controls, and an optional coin chute. Although expensive, it is a very nice washer that your tenants will enjoy.

The main thing when looking for a coin operated washer is finding a balance between quality and price. There are many sites online that will guide you through and help with your research so you will have a better understanding of which model to go with. Good Luck!