If there are already multiple laundromats in the area, opening another would be very risky unless those laundromats are in very bad shape or have a poor reputation.
However, it is entirely possible for two laundries to be successful in the same neighborhood, especially if they offer different services.
Estimate that top-load washing machines cost about $500 to $700 each, while front-loaders run between $3,500 and $20,000 each, depending on size.
Stacked dryers generally cost between $5,000 and $6,000.
If the sale doesn't include the land, you'll need to factor that cost in as well, which is dependent upon your specific location.
Coin Operated Laundry Business Plan
If you choose to build your own laundromat, a 2,000 square-foot space will typically cost between 0,000 and 0,000.
So you may be wondering what the features and aspects are that influence the answer to the question, “How profitable is a laundromat business?
” Before you purchase your store, consider these factors: COMPETITION Who will you be up against?
Contact your local water authority to determine which fees would apply to your start-up laundromat.
Multiply the number of laundry machines you need by the unit cost.