How much does it cost to do your laundry at a laundromat?
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). 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.
The amount of money you can make from a laundry varies tremendously. According to the Coin Laundry Association's Brian Wallace, the annual gross income from one store can range from $30,000 to $1 million. The expenses incurred while running a store range between 65 and 115 percent of the gross income.
- History of the Laundromat. The first laundromats were geared toward self-service—which was a change from the earlier commercial companies that laundered, folded, and pressed clothing as a complete service—which means customers paid by the hour to wash their clothing using early electric coin-operated washing machines.
- Contact your local water authority to determine which fees would apply to your start-up laundromat. Multiply the number of laundry machines you need by the unit cost. Estimate that top-load washing machines cost about $500 to $700 each, while front-loaders run between $3,500 and $20,000 each, depending on size.
- The average cost of getting your vehicle washed in an in-bay car wash is $6.34, which yields an average profit of $4.35 per wash. The average price of a car washed in a tunnel or conveyor car wash is $15 per vehicle, which adds up to an average annual revenue stream of $686,250 for this type of facility.
Updated: 7th December 2019