In it you’ll learn everything you need to know to get the process started! If you’re considering buying your first laundromat or want to learn more about the business, make sure you get a copy of the free e-book, The Keys to Buying Your First Laundromat. It is available to both the free members and the pro members, but you can also download it here for free if you don’t tell anyone. In order to make this even easier for you, I put together a tool that will calculate the estimated income of a laundromat for you. Now you know how to estimate any laundromat’s income quickly and easily! This should help you on your search for a laundromat to buy. I want to emphasize that this is an estimate, but it will give you an idea of how much money a laundromat is making. In our example, our estimated income of the laundromat we’re considering is Now that we have our estimated washer and dryer income, we can estimate our total income. In most cases, I use 33% in my calculations as I find it generally more accurate. The typical dryer income is usually between 33% and 50% of the washer income. We’re able to simply calculate an estimate of the dryer income using the washer income that we calculated above. So we can estimate our total income from the washing machines to be about $9,666 per month. Here’s how we would calculate the estimated washer income:Īnd to extrapolate that out to all washing machines in our laundromat: The vend prices are $3, $5, $7, and $9, respectively. Say you do some recon work on a laundromat and find out that a laundromat has 10 20lb washers, 6 40lb washers, 4 60lb washers, and 2 80lb washers. If you want to estimate the washer income of a laundromat, you’ll need to gather the 2 missing variables in our equation: the number of each size of washing machine and the vend price of each size of washing machine. I also use 30.4 as days in the month, as that’s the average number of days per month (365/12). ![]() However, just know that some laundromats average less than 3 turns, while some average more than 3 turns. ![]() The average turn per day is around 3, so we’ll use 3 to estimate our income. “Turns” refers to the number of times, on average, a machine is used each day. “Vend price” refers to the cost to do a load of laundry in a particular machine type. Let’s define a couple of those terms and then I’ll give you a practical example. # of washing machines x vend price x turns x days in the month = estimated income You can get an estimation of any laundromat’s income with a fairly simple math equation. While I’ll explain how to quickly estimate any laundromat’s income in this guide, read through to the end and I’ll tell you where to download a free tool that will do this for you! 1. If you’d prefer to watch, check out the video below to learn how to estimate the income of ANY laundromat! One way to increase income is to integrate a business management system like Cents to help you increase the performance of your laundromat business. So, while we talk about how to calculate a laundromat’s estimated income, keep in mind there are specific things you can do to make even more money with a laundromat. One of the great things about laundromat businesses is that there are always opportunities to make more money once you own one.
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