How Much Does Coin Laundry Cost Per Month

04 Apr, 2020 Post a Comment

Average costs to wash a load of laundry range from 1 50 to 4 00 with the national average hovering right around 2 00 source. Depending on the laundromat most will have two to three different washer and dryer sizes.

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To be profitable in the vended laundry business you need to understand some basic premises.

How much does coin laundry cost per month. Cost per load at laundromat. If you use a more efficient front loading washer all your costs are lower. Cost per eight loads of laundry at laundromat.

However the startup costs of a laundromat are high. What about the basic costs of a home washer and dryer. The cost of drying a load of laundry is very similar though it typically depends on the amount of time it takes for the clothes to dry.

It is a great way to check profitability in your coin laundry. That adds up to an annual cost between 84 and 488. To start you can estimate that your average ongoing cost will be somewhere between 4 000 and 8 500 per month.

Energy cost per washer load. It costs me 1 50 to wash and 1 to dry per load i usually do 6 10 loads a month so laundry is at most 25 a. A very small store could do 8 000 in gross revenue a month average size stores like ours would be closer to 16 000 a month in gross revenue while a very large store could pull in as much as 40 000 a month or more.

Honestly though you can estimate and estimate but with laundry income it is highly dependent on your local utility rates efficiency of your units which if you are buying on your own and have older existing units they use. 0 31 0 49 averaged at 0 40. This comes from alliance laundry system s wash and learn series.

This varies a lot based on how you use your washer and dryer. This reduces running expenses considerably especially if the owner as is usually the case also operates the business. Utilities i have seen on my end run about 20 per month for the roughly estimated 100 loads wash dry per month.

On average plan on spending around 1 50 to as much as 9 per load. On average the price of a laundromat will depend on the washing machine size the center and your geographical location. They range from 0 21 per load with cold water cheaper detergent and line drying to 1 22 per load with hot water pricey detergent and electric drying.

Cost per cycle front load washer and top load washer. One of the biggest is knowing your costs. 0 04 0 68 averaged at 0 36 source energy cost per dryer load.

According to the coin laundry association cash flow from a laundromat may vary from 15 000 to 200 000. Since i don t want to buy a w d until i get a decent apartment i use the coin laundry. Laundromats require few if any employees.

But as a savvy business owner you should do a little more digging to find a number that will better match your business. And a general rule of thumb for profit margins in the coin laundry industry is 25.

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