Coin-operated Laundries

Coin-operated Laundries

Overview

The 9,800 coin-operated laundries in the US operate facilities with coin-operated or similar self-service laundry and dry cleaning equipment or supply and service equipment in other locations, such as apartments and dormitories. Some operators offer drop-off laundry services and some facilities offer a snack bar, coffee shop, or Wi-Fi access to occupy customers as they wait. Coin-operated laundries are also known as coin-op laundries, self-service laundries, and laundromats.

Dependence on the Rental Market

The coin-operated laundry business is highly dependent on the apartment rental market and occupancy rates.

Capital-Intensive Operations

The coin-operated laundry business is capital intensive and requires firms to regularly invest to maintain and replace equipment and implement new technology.