The secondary customer base consists of the non-rental population, which uses coin laundries only occasionally. No significant franchises are in operation at this time. Currently, there are around 35,000 coin laundries in the United States, generating several billion dollars in gross revenue annually. These areas are increasing in number with each year throughout the country. The intense population growth, coupled with the expansion of rental housing has increased the customer base for coin laundries.
Coin laundries thrive in periods of both growth and recession.
During periods of recession, when home ownership decreases, the self-service laundry market expands as more people are unable to afford to repair, replace, or purchase new washers and dryers, or as they move to apartment housing with inadequate or nonexistent laundry facilities. The market size grows proportionately to the increase in population. Revenues of a coin laundry rarely vary from month to month. Industry Trends and Characteristics Industry growth is based on the demographics of population density, population mix, and population income. The more concentrated the population, the greater the need for quality coin laundry facilities.