Washing clothes at a laundromat can offer more flexibility than laundry
Utilities are a significant ongoing expense for laundromats. Since the business relies heavily on water, gas, and electricity, you can expect to pay between $4,000 and $8,500 monthly, depending on the size of your operation and local utility rates.
The cost per load at a laundromat typically ranges between $2 and $4, depending on the location and amenities offered. In addition to this base rate, there are additional charges for using the dryer.
Most laundromats cost between two to four dollars per load. Commercial dryers cost about the same, making the total cost four to eight dollars per load. However, these prices often fluctuate depending on how much time the process takes. Longer washing and drying times often require additional fees.
The average cost of doing laundry at home can range between $0.50 to $2.00 per load, depending on your utility rates, the efficiency of your appliances, and the type of laundry you're doing. Washing Machine: New, energy-efficient washers can cost around $0.15 to $0.30 per load for water and electricity.
If you live alone, you should expect to have at least one load of laundry a week, sometimes two – you can expect to pay about $60 to $120 per month. For a family of three or four, this could increase to $200 or $300, depending on the frequency of use and the weight of the loads.
On average, prices range from $1.45 – $2.95 per pound of laundry, with some premium services charging upwards of $5 per pound. In urban areas and cities with a higher cost of living, such as New York City, San Francisco, and Los Angeles, prices tend to be on the higher end of the spectrum.
If you have to do laundry for just yourself, you can probably get away with two or three loads a week, making the average cost of laundry per month for one person roughly $30 to $60 if they're using a service. For a family of four, that number could reach $200 a month.
The high rate of success, excellent ROI, flexibility, scalability, and easy-to-manage cash flow make laundromats a smart choice for new and experienced small business investors. To learn more, explore our blog post “Is the Coin Laundry Business Right For You?” or contact an expert at Laundrylux today.
Self-service laundromats have developed a reputation for being unhygienic over the years. In reality, they're often much cleaner than your home washer. Ask yourself, when was the last time you cleaned the inside of your washing machine? Here at Liquid Laundromats, we clean ours routinely.
How much do laundromats make a year? According to Dave Menz, the average laundromat makes around $300K in revenue per year. Depending on the location, competition, number of machines, and additional services, a laundromat business may make more or less than this estimate.
How Much Does the Average Load of Laundry Weigh? Generally speaking, while the number of clothing items in a load will vary, a medium or regular-sized load of dirty clothes weighs around 6 pounds. Large loads of laundry weigh about 11 pounds and extra-large loads about 21 pounds.
A laundromat's profitability is closely tied to its lease terms. A favorable laundromat lease includes affordable rent, a long lease duration (5–10 years), and clear renewal options. On average, laundromat rent ranges from $2,000 to $6,000 per month, depending on the location.
Understanding laundromat value
U.S. Laundromats post impressive numbers with a 95% average success rate and 20 - 35% profit margins. But whether or not your laundromat can meet (or exceed) these industry standards depends on some important factors.
Answer: Monthly profits can vary widely based on the location, size, and operational efficiency of the laundromat. On average, smaller laundromats might earn between $1,500 to $5,000 in profit per month, while larger, well-established ones in prime locations might see profits of $10,000 to $30,000 or more per month.
A coin-operated laundromat can be a profitable business, but there's also a high risk of it attracting thieves. You'll also need to keep cash on hand to provide customers with change for the washers and dryers.
We talked to the Laundromat Millionaire, Dave Menz, who owns four laundromats and makes nearly $2 million annually. He even helps other business owners navigate the industry to get more customers, become a full-service laundromat, and outshine absentee owners.
If your laundromat charges $2.50 per wash and $1.00 to dry, and you do laundry bi-weekly, you're looking at around $30 a month.
"Regular washing, or about once every one to two weeks, is recommended to maintain cleanliness and a healthy sleep environment," says Harris. Once a week if you don't use a top sheet. Once a month if you do. Once a week if you don't use a top sheet.
Wash every wear
Clothing worn close to the skin should be thrown into the washer after each wear. This includes the recommendation to wash underwear after each wear.
To give you an idea of how much a typical load weighs, the following items all together weigh about 10 pounds: Seven pairs/sets of underwear. Seven pairs of socks. Five short-sleeve T-shirts.
Your time is valuable, so whether you would be losing money by taking time off work to do your laundry, or your chores eat away at your free time when you should be relaxing, paying for a laundry service can be cost-effective.
Washing machines typically range from $700 to $1,300, with an average washing machine price around $1,000. Dryers generally cost between $800 and $1,200, with factors like dryer size, dryer depth, and dryer capacity influencing the price.