Laundromat

2 Laundromat Success Stories [2024]

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Updated: July 23rd, 2024

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.

In this list, you'll find real-world laundromat success stories and very profitable examples of starting a laundromat that makes money.

1. PickMyLaundry ($1.2M/year)

Pick My Laundry, founded by an engineering graduate and his team, was born out of their frustration with the lack of reliable laundry services during their college days. After conducting extensive research and surveys, they developed a mobile application and website to cater to the laundry needs of students and working professionals. They signed up 100 third-party laundry service providers and served 50,000 customers in their first year. With funding from accelerators and venture capitalists, the company expanded to more than 15 cities, processing 1,000 orders daily through their franchise model.

How much money it makes: $1.2M/year
How much did it cost to start: $50K
How many people on the team: 29

How We Started A Laundry And Dry Cleaning Franchise Business In India

Pick My Laundry, India's on-demand laundry and dry-cleaning service provider has developed a mobile app and website serving almost 50,000 customers in its first year after signing up 100 third-party laundry services and franchising its model with over 50 franchises across more than 15 Indian cities.

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2. 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Jono Santamaria, a digital marketer, purchased an outdated laundromat in Australia and used his digital marketing and automation skills to transform it.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 money it makes: $112K/year
How much did it cost to start: $13.3K
How many people on the team: 1

How I Bought A Laundromat & Doubled Revenue in 12 Months

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.

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