Business Idea #8 - Open a Laundromat

With some start-up capital, a laundromat can be a great money making endeavor.

Author

Michelle L
January 08, 2025

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LAUNDROMAT BUSINESS IDEA

How to Start and Run a Successful Laundromat Business

Starting a laundromat can be a smart, stable, and often passive-income business if done right. With the right location, equipment, and strategy, you can build a profitable operation that meets a constant need in any community. Whether you’re looking for a hands-on business or a semi-passive investment, here’s a step-by-step guide to help you start and run a successful laundromat.

1. Understand the Business Model

Laundromats operate on a fairly straightforward model: customers pay to use your washers and dryers. Some offer additional services like wash-and-fold, dry cleaning drop-off, or vending machines for detergent and snacks. Most are open 12–24 hours a day and can be unattended, attended, or fully staffed.

2. Do Market Research

Before you invest, make sure the area can support a laundromat. Look for:

  • Population Density: Urban and apartment-dense areas often have higher demand.

  • Competitor Analysis: Are there already laundromats? Are they busy? Outdated?

  • Income Levels: Middle- and lower-income areas tend to rely more on laundromats.

  • Demographics: College students, renters, and travelers are common users.

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Until next time.
Michelle, Sophia & Seth. The Green Owl team.

Business ideas anyone can implement.