Hey Fam! The global coin-operated laundries market size was valued at USD 14.6 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2020 to 2027. 
Did you know that Laundromats make anywhere between between $15,000 and $300,000 per year and you do not even have to be there 24/7? Of course a machine can run you up to $2500 and more but starting out is always tough. But imagine the potential? On average, laundromat owners report $5,000 to $7,000 of profit each month. This is how you make money in your sleep. It is worth the investment if you find a good location with the demand for it. It is very time-saving too! 
 
So, what makes a laundromat profitable?
First you need to realise that you are not going to make six figures overnight with a laundromat, it will take some time. This is a great additional source of income if you are looking to make extra money to grow your money because we all know money in the bank doesn't grow that fast.
 
Laundromats can be extremely profitable if placed in a good location with a good flow of people. People need to wash their clothes and if there aren't enough residents in your area be sure that people aren't going to travel all the way to wash their clothes. 
 
You will ask see more cashflow if you have more than 4 to 8 machines in an area. Even though you can still start with a few you can afford. Starting is the most important part. 
 
Laundromats also do well in hostels, hotels, apartment complexes and areas with a lot of students for example community colleges.
 
Are you ready to start your own laundromat business?
What will you learn?
1. How to start a laundromat business on a budget 
2. Learn how to reduce running costs, how to stay on top of repairs and how you can reinvent the business 
3. Learn how to market your laundromat
4. Learn how to make your laundromat business more profitable
5. What elements to include to make your business different from competition. 
6. Brainstorm product ideas 
7. Vendors
8. Content Ideas
9. Brand Names you can use
10. Pricing formula and bundle deals ideas 
11. Marketing strategies 
12. Selling strategies 
13. Branding strategies 
14. Extra laundromat side hustles ideas