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Similarly, you may ask, how profitable is owning a laundromat?
According to the Coin Laundry Association, the cash flow of laundromats is typically in the range of $15,000 and $300,000 per year. To maximize your business's profitability, carefully consider the aspects above and create a smart business model. With hard work and prudent planning, you're sure to find success.
Considering this, are laundromats still a good investment?
A laundromat can be one of the wisest business investments, with due diligence on the part of the investor and a few upgrades, a laundromat storefront can become and continue to be a profitable investment for years to come.
All of these things will impact your profits. On average, laundromat owners report $5,000 to $7,000 of profit each month.