The first laundromat opened in the United States in 1887. It was invented by the entrepreneur Josephine Cochrane, who was frustrated with having to wash her family’s laundry by hand.
The laundromat is a self-service facility that provides washing and drying machines for personal use. There are many different types of machines available, including coin-operated ones and those that require a card. They also provide various types of detergents and fabric softeners for use with the machines.
A laundromat can make a lot of money if it is in the right location and has the right prices.
Here are some real life success stories of starting a laundromat:
1. Nina's Laundrette ($112K/year)
Jono Santamaria, a digital marketer, purchased an outdated laundromat in Australia and used his digital marketing and automation skills to transform it. Within a year, he doubled the previous owner’s revenue and is on track to double it again in FY23, thanks to investments in digital presence, store upgrades, and the addition of a commercial laundry service.
How much they make: $112K/year
Where they're located: Northcote VIC, Australia
How much did it cost to start: $13.3K
Current team size: 1
A digital marketer purchased Nina's Laundromat in Northcote, Australia in July 2021, investing in its digital presence and upgrading the machines to create a new brand. Within 12 months, the revenue doubled and the store added a commercial laundry service, bringing an additional AUD24K per year.
So... can you actually make money with a laundromat?
Of course. There are millions to be made in this industry.
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
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2. SudShare ($1M/year)
How much they make: $1M/year
Where they're located: Minneapolis, Minnesota, USA
Current team size: 25
SudShare, an app-based national laundry service, created by two Baltimore-based founders, is seeing 10-30% growth each month and has over 90,000 users across the United States, with plans to start serving commercial customers and go international in 2023 after raising $10M in seed round funding.
3. Rosie Wash Express Laundry ($288K/year)
How much they make: $288K/year
Where they're located: Los Angeles, CA, USA
Current team size: 4
Rosie Wash Express Laundry has doubled its income and expanded outside of its local area by introducing a wash-and-fold facility with pickup and delivery choices, generating $300K ARR and using Google My Business and loyalty programs to attract and retain customers.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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