Is a laundromat a good investment?
For example, the average return on investment of a laundromat business is 20% to 35%, a much higher return than the S&P 500 has historically provided. A laundromat is also relatively simple to set up and flexible to maintain. Here are 15 reasons to consider this potentially lucrative side business as your next venture.
Can you make a living with a laundromat?
How profitable can a laundromat possibly be? Turns out, they can be very profitable. According to the Coin Laundry Association , the average laundromat in the US can have annual revenues of around $300,000. Statistics show that owning a laundromat is a very safe investment, too.
Is owning a laundromat stressful?
Owners are required to be flexible and respond to emergency situations whenever they occur, day or night, which could infringe on vacation or other planned time away from the business. Moreover, laundromats are a customer service business, and customer complaints can occasionally be stressful and challenging to manage.