Laundromats generate about $5 billion in combined nationwide gross annual revenue. Coin laundries can range in market value from $50,000 to more than $1 million. Coin laundries generate cash flow between $15,000 and $300,000 per year.

How much should I charge for coin operated laundry?

Average costs to wash a load of laundry range from $1.50 to $4.00, with the national average hovering right around $2.00 (source).

Are laundromats a dying business?

The Atlantic reported that the number of laundry and dry cleaning facilities in the U.S. has declined by almost 20 percent since 2005. But Coin Laundry Association data also shows that the nation's laundromats earn a collective $5 billion each year, which is a huge sum.