How much profit does a laundromat make a month?

The good news is, despite expenses, laundromat owners report an average of $5,000 to $7,000 of net profit each month. Hooray! But this doesn’t mean you shouldn’t crunch the numbers before buying or building your own laundromat.

The main operating costs in running a laundry business are Water, electricity, laundry products, rent, and staff (if you need extra hands). It’s a relatively low-cost business to operate. If you opt for a self-service laundromat, then it also takes minimal time and effort to manage.

Most two-person households do three to five loads of laundry a week, so the average two-person household probably does about 15 to 20 Loads of laundry a month.

The average water amount used per full load is about 40 gallons. A laundromat uses much more than 40 gallons of water each day which requires a good water heater to fulfill the customer needs.

How much does a commercial wash machine cost? Commercial-grade washing machines can cost anywhere from $1000 to $2000. Similarly, commercial dryers can also cost over $1000.

Keep in mind that there aren’t any specific diseases you can only get from a laundromat. Generally, public laundry facilities are clean. Still, keeping an eye out for signs of proper sanitation in laundromats means you are less likely to be exposed to germs and viruses that lead to some short-term health issues.

Start a laundromat by following these 10 steps:

1. Plan your Laundromat.
2. Form your Laundromat into a Legal Entity.
3. Register your Laundromat for Taxes.
4. Open a Business Bank Account & Credit Card.
5. Set up Accounting for your Laundromat.
6. Get the Necessary Permits & Licenses for your Laundromat.
7. Get Laundromat Insurance.

How much does a commercial wash machine cost? Commercial-grade washing machines can cost anywhere from $1000 to $2000. Similarly, commercial dryers can also cost over $1000.