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 a laundromat profitable in 2022?
With an ROI (return on investment) of between 20-35%, laundromat businesses have a 94.8% success rate, bringing in a gross income anywhere from $30,000 to $1 million a year.
Can a laundromat make you a millionaire?
Dave Menz’s initial purchase of a run down laundromat he found on Craigslist has led him to becoming a millionaire. Here’s how he did it – and you can, too. As of 2022, there are 18,264 laundromat businesses in the United States that generate about $5 billion in combined nationwide gross annual revenue.