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Coin operated self-service laundry

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  • Coin-operated washing machines are otherwise known as Self service laundry. We can found its application right from apartment complexes to our local Laundromat.
  • This is now a blessing for many, especially students and office goers. They operate same as a regular washing machines but we have to insert coins to work.
  • Laundromat is a full-service coin-op laundry which does washing, drying, and optional folding  service.
  • Coin operated laundry provides good customer satisfaction furnishing a clean, enjoyable atmosphere at a competitive price or value relationship.
  • The Laundromat business is one that can exist for a long time  as  because of the high demand for this service.
  • If you are looking for a business to buy or build, Coin-laundry is a great option and commercial laundry machines are a must. This is a widespread industry and you can get into in any city or town.
  • Eighty percent of Americans use a washing machine dryer for between 2 and 9 loads per week. Millions others use a multi-housing laundry or coin-operated laundry to wash and/or dry their clothes.
  • Machines with the coin-operated electronics included can cost around $300-$400 more than typical household machines. When laundromat owners purchase washers or dryers they must also pay for the electronics which make the machines coin-operated.
  • An average investment in a coin operated laundry is about 30 percent return on investment, and almost 100 percent of laundromat owners hit success after five years.
  • Total cost depends on the location and size of the store but the total investment including the equipments will range from $125,000 to $250,000.
  • The market value of a Coin operated laundry ranges between $50,000 to $1,000,000 by generating a cash flow between $15,000 and $200,000 per annum.
  • The retail laundry business in India comes around Rs.5,200 crore.
  • Minimum of 2,000 square feet is required for a full-size coin operated laundry. It is ideal of having 2,500 to 3,000 square feet as one can allow the room for expansion, and other facilities such as tanning beds, a coffee bar, games, drop-off dry cleaning, etc.
  • Site selection plays an important role in starting a coin operated laundy. The area you choose must have less competitors and easily accessible from road.
  • And also consider the point that the area you choose must have a high population growth and mostly of renters rather than homeowners. Be sure that your store has adequate parking facility for your drive-in costumers.
  • Your laundry equipments must be installed properly by an experienced individual in order to avoid failures.
  • Its very simple handling a coin operated laundry. Place adequate amount of detergent in the washing machine and set the controls to your need. Insert coins in the coin slot. Now add your clothes to the drum once the drum fills with water. This makes your detergent to  distribute well. Close the machine lid and wait till it completes the cycle which may take time depending on your load size.
  • Finally customers visiting Laundromats are enjoying their visit as it is an attractive place to be.

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