Coin Operated Laundries in the US

of three

Market Sizing - Coin Operated Laundries in the US

The market size of coin-operated laundries in the United States is estimated at $4.273 million for 2018, with a projected increase of 1.26% from the previous year. It is projected to continue to grow at a 0.86% CAGR from 2018-2020.

The coin-operated laundry industry in the United States consists of approximately 29,5000 coin laundries and is estimated to be approximately 70 years old. There are no significant franchises, due to the market being chiefly composed of individual owner/operators. However, the industry is fragmented, with 50 of the largest firms, generating an estimated 40% of the revenue.

The coin-operated segment currently holds a 15% market share of the entire laundry industry in the United States to include dry-cleaning. Renters are the target user demographic, with 71% using coin-only stores, 5.6% using card-only stores, and 23.6% using both. Due to an increasing renting population, we can predict that this industry will continue to thrive.


2011- $3.481 million
2018- $4.273 million (estimated)
2019- $4.315 million (estimated)
2020- $4.347 million (estimated)

Using a CAGR calculator, we can determine that the growth rate was 1.26% CAGR from 2017-2018 and that the market is projected to grow at a 1.73% CAGR from 2018-2020. We can also determine that the industry grew at an average of 2.14% yearly, over the past five years. (2013-2018).


The market overview, along with the size by revenue and the projected growth rate has been provided in this report. The market size for coin-operated laundries in the United States is estimated at $4.273 million for 2018, with a projected increase of 1.26% from 2017.
of three

Coin Operated Laundries in the US - Number of Laundries and Machines

There are 29,500 coin operated laundromats in the United States. Based on an average of 39 washing machines and 39 dryers, there is an estimated 2,301,000 total machines in the coin operated laundries in the United States. Below you will find a deeper dive into my findings.


The Coin Laundry Association estimates that there are 29,500 coin operated laundries throughout the United States which generates over $5 billion in revenue each year. These businesses can range in value between $50,000 to over a million dollars. Cash flow created from coin laundries ranges from $15,000 to $300,000 annually. The average coin operated laundry space is about 2,170 square feet with store space ranging from 1,000 square feet to 5,000 square feet or more.

While the Coin Laundry Association helped to build a picture of the coin operated laundry industry, it did not provide the average number of washers and dryers per location. After an exhaustive search through market reports, news articles, laundromat how-tos, and numerous laundromat websites, we were not able to locate any information specifically relating the exact number of machines or an average number of machines per laundromat. In order to determine the number of machines, it was necessary to estimate the number of washers and dryers based off of current laundromats in operation.


To find the average, we first looked for top players but did not yield many results on the number of machines due to limited data available.
Therefore, we populated a random sample from various coin laundries both current and for sale that listed the total number of machines they had. For each location, we added the total number of washers together than divided by the total number of laundries. The same was duplicated for the dryers.


45 + 23 + 47 + 40 + 19 + 42 + 63 + 34 = 313
313 / 8 = 39 washers


46 + 22 + 43 + 38 + 24 + 22 + 78 + 36 = 309
309 / 8 = 38.6 = 39 dryers

Total Machines

29,500 x 39 = 1,150,500 washers
29,500 x 39 = 1,150,500 dryers
1,150,500 washers + 1,150,500 dryers = 2,301,000 total machines


There is an estimated total of 1,150,500 washers and 1,150,500 dryers across 29,500 coin operated laundries. That is an estimated total of 2,301,000 coin operated washer and dryers in the United States.
of three

Coin Operated Laundries in the US - Key Operators and Industry Association

While there is no pre-existing information to fully answer your question, we've used the available data to pull together key findings: The coin laundry industry is extremely fragmented, with most locations being individually-owned and the few larger franchises being localized to particular cities or regions. Thus far, no key players have emerged to dominate the field. More information about this industry is available to members of the Coin Laundry Association through its publications.
Below you'll find an outline of our research methodology to better understand why information you've requested is publicly unavailable, as well as a deep dive into our findings.


We first searched for one or more trade associations for laundromats in the US, as these often publish news and statistics about their industry. We soon found one (described below), but this did not provide us with a list of key players. Indeed, most of the Coin Laundry Association's publications are available only to its members, and we were unable to access them. We next searched for market reports about this industry; while these are generally expensive to obtain in full, it is common for the abstracts to have details about the industry in question's size and key players. We found exactly one such report, and while it did provide some background information, it did not indicate the existence of any key players in the industry. Therefore, we conducted a broad-based search of not only industry sites and newsletters, but other trusted media sources in order to determine either who the industry key players are.


We soon found our answer in an industry overview provided by the Coin Laundry Association, which was established in 1960 to serve laundry owners and prospective owners as well as equipment manufacturers and distributors. They note that while the coin-operated laundromat industry has been around for about 70 years, no significant franchises have emerged. Instead, the approximately 29,500 coin laundries in the US (which generate $5 billion in annual revenue) are mostly individually-owned, like The Village Tub or Gigi's Laundromat or owned in local clusters, usually of seven or fewer stores. In other words, while there are some companies who own multiple laundromats (several of which we highlight below), none of them are dominant enough to really be considered "key players."
The Atlantic recently highlighted that the laundromat industry is in decline, in large part because the earnings and expected future earnings of those in growing cities now pale in comparison to the value of the land they sit on. The rising cost of rent is eating into their profits, causing many to close. In fact, while IBISWorld and the Coin Laundry Association both claim that the industry still has annual revenue of $5 billion, other sources claim that revenue has declined from $5.2 billion in 2002 to $4 billion in 2016. The local nature of the business, combined with rising rents and declining revenues, appear to have acted against consolidation under a handful of key players.


We were unable to locate a pre-compiled list of top companies in this industry, and so used sources such as Yelp to identify companies with both a good reputation and ownership of multiple locations. In all cases, these companies are privately owned and so do not produce public financial reports. We are therefore unable to determine the revenues of any of the businesses listed below, nor how they rank against each other or against any other laundromat company not in our list. In other words, the list below is somewhat arbitrary due to the lack of data available in the public sphere.
The closest we could come to identifying as a "key player" is PWS, which isn't exactly a coin laundromat owner, but rather "the leading broker and developer of laundromats in California and Nevada." In addition to selling laundry equipment, PWS has 16 licensed sales agents in California who specialize in "listing and selling new and existing laundromats."
The Laundry Lounge describes itself as "a local family-owned and operated Laundromat and dry-cleaning service serving commercial and residential customers throughout Western New York."
Coin Laundry USA has seven locations and prides itself "on having the cleanest laundromats’ in Louisiana" and providing a relaxing and enjoyable environment.
Unlike the other examples in this list, the self-styled World's Largest Laundromat in Berwyn, Illinois comprises only a single location, but is included for its sheer size: 13,500 square feet of floor space containing 300 machines, including several "massive 90-pound washers." Just for its size, it claims to be "the flagship store of the industry," though we did not find any independent source backing that claim.
Mega Laundromat was established in 1997 and now owns locations throughout the suburbs of Maryland as well as in Washington, DC and the metropolitan areas of northern Virginia.
Best Laundromats of Florida owns nine locations in the Tampa Bay area. It also claims to be environmentally-conscious: "We are operating some of the newest 'green' energy saving washers on the market today, and our dryers run on 'clean natural gas' so we always have the best for the environment in mind."
Suds Laundromat, established in 2011, has six locations in southeast Georgia, including two in Savannah.
The above examples illustrate our earlier point that coin laundry companies are local in nature. Even in cases where we could locate companies with multiple locations, these locations are clustered geographically around a single city or region.


The coin laundry industry, which generates between $4 billion and $5 billion in annual revenue, is both shrinking and incredibly fragmented, with no key players emerging to consolidate it thus far. Due to their small nature and private ownership, we are unable to determine the revenues of any coin laundry company, and therefore can only provide a somewhat arbitrary list of larger players. This chiefly serves to illustrate the localized nature of the business. Additional information about this industry is available to members of the Coin Laundry Association.