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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 Laundromats  (view report)
Dry Cleaning 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 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.



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
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.


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


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.


More Resources ››



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.


More Resources ››



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.








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