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. Clean clothes, like food and shelter, are considered a necessity of life-and coin laundries provide a basic health service for millions of Americans. 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. The more concentrated the population, the greater the need for quality coin laundry facilities. National and regional demographics indicate renters, the primary users of coin laundries, are the fastest-growing segment in the nation.