cost of laundromat business
Your investment depends on many factors, including how large of a laundromat you wish to open and what percentage (if any) you plan to finance. In general, the average range of up-front investment is $50,000-$300,000.With Speed QueenÂ® Financial Services, you can finance up to 70% of the total project cost with a 30% investment requirement. You decide. Your laundromat investment can be either a full-time or part-time commitment.Many successful laundromat owners choose to keep their current jobs since the business is so flexible. In 2012, 63% of laundromat investors listed their laundromat business as their full-time occupation, while 36% were part-time.Your time commitment also depends on how many employees you wish to hire.Employees add to your overhead costs but allow you to offer additional profit-generating services, such as laundry drop-off. 70% of laundromat business investors employ 0-2 attendants.our time commitment also depends on how many employees you wish to hire. Employees add to your overhead costs but allow you to offer additional profit-generating services, such as laundry drop-off. 70% of laundromat business investors employ 0-2 attendants.