Coin laundry industry

   The coin laundry industry is approximately 60 years of age. It is primarily made up of individual owners and operators. No significant franchises are in operation at this time. Currently there are approximately 35,000 coin laundries in the United States. Coin laundries generate nearly 5 billion dollars in gross revenue annually.  Clean clothes, as well as food and shelter, are considered a necessity of life. Coin laundries provide the basic health services for millions of people. While coin-ops (coin operated machines) are found in virtually all neighborhoods across the United States, stores seem to perform exceptionally well in predominately populated areas.

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These numbers continue to increase through out all these areas in the United States. The intense population growth, along with the expansion of rental housing, has incredibly increased the customer base for coin laundry services.  Coin laundry operations consist of three basic areas: janitorial, maintenance, and the handling of money which includes the collections and loading of coin changes. Bookkeeping, administration and banking are typically off-site management areas. A standard profit and loss statement for a coin laundry typically includes income, consisting of wash and dry. As well as other income, this would include vending, dry-cleaning and/or Wash-dry-fold services.   All in all, today’s coin laundry industry is a strong and vibrant one. Even more appealing is the fact that this dependable public service continues to grow and thrive. A demographic trend towards it is predicted a continuous prosperity. 

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