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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, market research and analysis, financial ratios and salary surveys, and more.



For guides to other industries, see our index of over 400 industries.





Industry Analysis, Trends, Statistics, and Forecasts


Coin-Operated Laundries and Laundromats  (view report)
Dry Cleaning & Laundry Services  (view report)

Comprehensive market 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. Report contents include:

  • Market size and characteristics
  • Key statistics and ratios
  • Current performance
  • Competitive landscape
  • Major firms and market share
  • Key risk and success factors
  • Five-year growth forecast


American Trade Magazines, LLC
American Coin-Op
https://americancoinop.com/
Monthly trade publication features news and information for the laundromat industry, with special features including the annual state of the industry report and monthly reader surveys which provide information on sales, price, and profitability trends. Current and prior editions of the magazine are available free online.


Laundry Facilities & Dry Cleaning Services
http://www.firstresearch.com

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


Coin Laundry Association
Industry Overview
http://www.coinlaundry.org/
Introductory section provides a summary overview of the coin-operated laundry industry, with topics covered including definitions and background information, business cycle, demographic trends, resale market value, operations and performance levels, and operating expenses. All information can be viewed free online

IRS Cash Intensive Businesses Audit Technique Guide
Chapter 15 - Laundromats
https://www.irs.gov/
IRS audit guide includes an overview of the laundromat industry and its business practices, with the primary focus on determining and verifying income from washing and drying machines, vending machines offering laundry products, soft drinks, and snacks, and laundry-related services. Publication is available free online.

Entrepreneur Magazine Business Startup Guides
Coin-Operated Laundry
https://bookstore.entrepreneur.com/

Business startup guide provides an overview of the business and takes users through the various aspects of starting a company and running it successfully. Detailed table of contents and selected excerpts from  Kindle e-book edition of this publication can be viewed online via Amazon.com's "Look Inside" feature.


More Resources ››



Financial Statements and Financial Ratios



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.

  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


Coin Laundry Association
Industry Survey
http://www.coinlaundry.org/
Annual survey allows users to benchmark a laundry's performance against national and regional averages for measures such as total gross revenue; revenue per square feet; percentage of revenue from ancillary services; rent, payroll, and utility expenses; and net profit before interest, taxes, and owner compensation.

More Resources ››



Compensation and Salary Surveys


U.S. Bureau of Labor Statistics
Occupational Employment and Wages - Drycleaning and Laundry Services
https://www.bls.gov/oes/current/naics4_812300.htm

Annual employment and wage survey provides hourly and annual wage data for laundry and drycleaning personnel on a national, state, and metropolitan area basis, with statistical measures for national data including mean, median, and upper/lower quartiles and deciles. All information is available free online.


More Resources ››



Business Valuation Resources


Coin Laundry Association
Information resources available from this trade association include:

Today's Coin Laundry
https://cla.ps.membersuite.com/
Publication provides information on factors to be considered in buying or constructing a self-service coin laundry, with major topics covered in this publication including coin laundry basics, buying an existing laundromat, constructing a new laundromat facility, and operating a profitable self-service laundromat.

How To Value A Coin Laundry
https://cla.ps.membersuite.com/
Whitepaper takes a closer look at the valuation process, seller preparation, and buyer due diligence, with topics covered in this publication including various valuation methods, factors that affect the valuation process, mistakes and errors to avoid, and the role of a business broker in the buying and selling process.

How to Find, Evaluate, and Buy a Laundromat: A Comprehensive Guide
https://cla.ps.membersuite.com/
Comprehensive guide covers the ins and outs of evaluating a coin laundry listed for sale, with topics covered including finding laundromats for sale, determining a laundromat's typical income and expenses, calculating machine turns or cycles per day, verifying a laundromat's revenues, and avoiding costly buying mistakes.


Small Business Valuation Multiples

Coin-Operated Laundries
https://valuationresources.com/

Comprehensive reference guide provides market-based business valuation multiples for small businesses in more than 200 industries. Valuation multiples are derived from actual business sales transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.








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