The dedicated, professional team at Metropolitan Laundry Machinery Sales, Inc. has been a fixture in the commercial laundry industry since 1968. We have been involved in the development of thousands of new Laundromats and we can’t wait to help you! We thrive on helping entrepreneurs open and manage successful businesses throughout New York, New Jersey, Connecticut, Philadelphia, Eastern Pennsylvania, and Delaware. Beyond offering the highest quality laundry equipment with unmatched service and support, we also act as business consultants, ensuring our customers have all the resources they need to be as successful as possible.
Should I open a Laundromat?
Opening a Laundromat is one of the most rewarding business decisions you can make. Laundromats can be highly profitable, with an average Return on Investment between 20-35%. You also get a lot of flexibility as the business owner. As with owning any business, there are demands and challenges you need to be prepared for, but overall opening a Laundromat is a solid financial investment. If you have the capital to invest, a work-hard attitude, and the desire to create a business that will give back for years to come, a Laundromat is the right choice for you!
What are the benefits of owning a Laundromat?
Laundromats are a top choice for entrepreneurs looking for great ROI, flexibility, and profits! Here are just a few of the reasons why you should consider opening a Laundromat:
- High success rates, approximately 95%
- Exceptional ROI opportunities
- Great work-life balance
- Low inventory needs
- Year-round business
- Low labor costs
- Not dependent on weather
- No franchise fees
- Easy to manage
- Essential business
- Flexible work schedule
- Simple business model
- Unlimited expansion potential
- Added revenue streams available
Opening a Laundromat is an attractive option, but to do so successfully requires hard work and commitment.
How much does it cost to open a Laundromat?
There are many factors to consider when budgeting for a new laundry business, but most investors should expect to spend between $375,000 to more than $1,000,000 to open a Laundromat.
Is owning a Laundromat profitable?
Yes, it absolutely can be! According to the Coin Laundry Association, the average Laundromat in the US can generate cash flow between $15,000 and $300,000 per year. However, locations in a densely populated city can generate even more.
Is the Laundromat industry competitive?
Yes, very! The Laundromat industry is a very well-established, essential business in the US. Currently, there are about 30,000 coin laundries open in the country, generating approximately $5 Billion in gross revenue annually. Finding the right Laundromat location is imperative in opening a successful laundry business. From there, you’ll need to establish your Laundromat as a clean, safe, efficient and economical place to do laundry to set yourself apart from the competition.
What commercial laundry equipment do I need in my Laundromat?
Great question! A successful Laundromat will have a mix of the highest quality, energy-efficient commercial laundry equipment including:
- Commercial Washer Extractors of varying size capacities
- Single Tumble Dryers in varying size capacities
- Stack Tumble Dryers in varying size capacities
- Hot Water Heating System
- Laundry Card Payment System
- Bill Breaker
- Change Machine
- Vending Machines
- Laundry Carts
- Folding tables
- Seating Units
The specific pieces of equipment and the number of machines you need will be determined by your business location, space, and customers. It’s important to work with a professional distributor to find the right equipment mix for your specific needs.
Which commercial laundry equipment brands are best for Laundromats?
To us, the answer is simple, Huebsch & Speed Queen! The technology and equipment being developed for Laundromats is astounding! It’s important you’re focused on selecting the right equipment from trusted brands for your Laundromat. With our long history in the industry, we’ve taken the time to carefully select the equipment and brands we carry at Metropolitan Laundry Machinery Sales, Inc. and proudly recommend commercial Laundromat equipment from the Alliance Laundry Systems brands, Huebsch & Speed Queen for our Laundromat customers.
Are you ready to take the next step in your career and open a Laundromat?
Let’s talk! Put our experience to work and browse our available Laundromat real estate listings, or contact the Metropolitan Laundry Machinery Sales team today.
If you have other questions, you can also call us at 1 (866) 448-5468. We’d love to hear from you!