Valuation Resources

Coin-Operated Laundries and Laundromats

SIC 7215  |  NAICS 812310

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more. See the following sections listed below to view available resources by category: industry analysis, trends, statistics, and forecasts; financial statements and financial ratios; compensation and salary surveys; and business valuation resources. For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Coin-Operated Laundromats  (view report)
Dry Cleaning Services  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample report and selected data including market size based on revenue, five-year average growth rate, number of businesses, and total employment are available free online.

American Trade Magazines, LLC
American Coin-Op
https://americancoinop.com/

Monthly publication provides news and information for the self-service laundry business, with special features including the state of the industry survey (April issue) which covers topics such as business conditions, service pricing, equipment purchases, biggest challenges, turns per day, and utility costs. Archived digital editions are available free online, with free subscription available for qualified parties.


Coin Laundry Association
Information resources available from this organization include:

PlanetLaundry
https://planetlaundry.com/
Monthly trade association journal provides news and information for self-service laundry owners and managers, with featured topics covered in the magazine including increasing revenues, streamlining operations, reducing expenses, marketing best practices, finding and retaining employees, business profiles, and regional updates. Current and prior editions of the magazine can be viewed free online.

Industry Overview
https://www.coinlaundry.org/
Introductory section provides an overview of the coin laundry business, with topics covered including definitions and background information, demographic trends, operations and performance, operating expenses, standard useful life of equipment, factors considered in establishing the market value of a coin laundry, and typical net cash flow multiple range used in valuing a self-service laundry business.

Industry Survey
https://www.coinlaundry.org/
Annual owner survey provides a profile of coin laundries in the U.S., with information provided by the survey respondents including type and size of store, number of machines, ancillary service offerings, number of laundries owned, plans for expansion, hours open, number of employees, current vending prices, expected price increases, store revenues, rent, payroll, and utility costs, and net profit margin.


BizMiner
Market Analysis
https://www.bizminer.com

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.



Financial Statements and Financial Ratios

BizMiner
Industry Financial Ratios
Coin-Operated Laundries
https://www.bizminer.com  Search for "812310"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:
Sample national and metropolitan area reports are available free online.

IBISWorld
Laundromats
(see links for individual reports)

Financial benchmarking section of this report provides an analysis of industry income and expenses as a percentage of annual revenue for companies that operate facilities with coin-operated or similar self-service washer, dryer, and dry-cleaning equipment for customer use on premises and/or provide this equipment for customer use in locations operated by others such as apartments and dormitories.



Compensation and Salary Surveys

PayScale, Inc.
Self-Service Laundromats
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such
as chief executive officer, district manager, operations manager, laundry manager, laundry attendant, maintenance and repair worker, and office manager, with companies for which salary or hourly wage data is provided including Coinmach Service Corp., a subsidiary of CSC ServiceWorks Holdings, Inc.


U.S. Bureau of Labor Statistics
Drycleaners and Laundries
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data on a national, state, and local area basis for persons employed by companies in this sector that operate facilities with coin-operated or similar self-service washer, dryer, and dry-cleaning equipment for customer use on premises and/or provide this equipment for customer use in locations operated by others such as apartments and dormitories.



Business Valuation Resources

Coin Laundry Association
How To Value A Coin Laundry
https://www.coinlaundry.org/

Topics covered in this valuation guide include common and preferred methods for placing a value on an existing facility, key factors that directly impact a valuation, considering the quantity and quality of local competition when assigning a value, considerations in placing a value on an older facility, most common mistakes made by buyers and sellers, and advantages and disadvantages of using brokers.


Lombardo Holdings, LLC
How to Find, Evaluate, and Buy a Laundromat: A Comprehensive Guide
https://www.amazon.com/

Comprehensive guide covers the ins and outs of evaluating a laundromat, with topics covered in this publication including finding a facility for sale, determining income and expenses, verifying revenues, conducting the walkthrough, determining what it is worth, writing the offer, financing a purchase, and avoiding costly buying mistakes. Selected pages and table of contents can be previewed free online.


BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



Related Industries:
Carpet and Upholstery Cleaning Services
Commercial and Industrial Laundries
Dry Cleaners
Uniform and Linen Rental Services

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