Laundromats are currently a $5.3 billion industry.
There are more than 30,000 laundromat locations and more than 21,000 owners of laundromats. With these stats, it’s obvious there is no single leader.
A brand is available in this industry, keep reading to learn more….
Why would you want a laundromat franchise?
- Modern laundry equipment allows the customer to pay with cards and mobile payment, along with cash and coins. In other industries, there may be a 30-60 day payment cycle.
- The US government declared laundromats and laundry services essential businesses during the recent pandemic.
- Full-time, on-site ownership isn’t needed.
- The Tax Cuts and Jobs Act of 2017 provided owners extra tax incentives on washers and dryers through January 1st, 2023 that includes bonus depreciation.
- Simple Labor. Store owners have an average of between 1-2 full time employees and 4-5 part-time employees to manage.
- Marketing expenses for laundromats are low compared to many other industries.
- The industry average for a laundromat has a cash-on-cash ROI of 20-35%.
Are you interested in learning more?
Let’s schedule a call. https://lnkd.in/e-QMQ4e
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