Coin-Operated Laundries and Laundromats
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
- Market size, product segments, and major markets
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
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
Coin-Operated Laundries
https://www.bizminer.com Search for "812310"
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital 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.
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.
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