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Do People Still Go to the Laundromat in 2021?
Do People Still Go to the Laundromat in 2021?
In 2021, it might feel like if you go to the laundromat, then you might be stuck in the old days, but we're here to tell you otherwise.
Despite a lot of people having access to laundry in their own homes, one thing has become clear over the past few years: the laundromat industry is not going anywhere anytime soon. Why? Well, because when it comes down to it, at-home laundry is a common luxury, but not as common as we might think. Keep reading to learn more about the laundromat business.
Are Laundromats a Dying Business?
The short answer: absolutely not. You might wonder, how can we make such a bold claim? Well, it turns out that the laundromat and coin laundry industry is still making a collective $5-billion dollars a year. That's quite a bit of money for a business that people have considered a "dying business" over the last few years. In fact, over the past 70 years, the industry has grown steadily as the population has increased and shifted to more concentrated areas. Let's break it down a little bit more.
Who Still Goes to the Laundromat?
Renters are essentially the ones who go to the laundromat, especially the renters that live in densely populated big cities. In large cities, populations continue to grow; people continue to reside in old spaces and small apartment complexes that do not cater to in-home laundry. Basically, the laundry industry trend is that the more people who rent apartments in big cities, the more the laundry service business will grow.
Are You Fit for the Laundromat Business?
Besides the growing market for laundry services, if you're an entrepreneur looking for a new opportunity, there are many reasons to get into the business. Here are some reasons other business owners love the laundry business:
- Passive Management: As the owner of a laundromat, you still are responsible for making sure that your laundry equipment (washers, dryers, coin machines, etc.) continues to function correctly. Additionally, your customers should be satisfied with the services, and you should be aware of whether or not they are happy with your laundromat. However, owning a laundry business doesn't necessarily mean you have to be there every day of the week. Instead, you have more flexibility built into your schedule since a laundromat can run itself, at least for a short period of time.
- The Equipment is Worth the Investment: Just like at-home laundry equipment, commercial laundry equipment will last quite a while. Here's an estimate of the average lifetime of a laundromat's equipment:
- Washer (top-load) 5-8 years
- Washer (front-load) 10-15 years
- Dryer - 10-15 years
- Coin machine - 10-15 years
- Heating systems - 10-15 years
Just imagine how many loads you can get out of your equipment in as little as ten years? That's something to get excited about.
- Never Worry About Inventory - Unlike many businesses and companies, you'll have very little inventory to work with. All you'll be concerned about is the maintenance of your machines and stocking the detergent vending machine. That means minimal ordering, rotating, or discarding products; talk about a major plus!
Ziggurat Products for Laundromats
Are you sold on the idea that people still go to the laundromat? Are you so sold on the idea that you're ready to open your own? If so, don't go at it alone! Ziggurat Products specializes in making and selling dryer vent kits and related products that make hooking up and maintaining dryers easier than ever. We even make it easy for business owners who are looking for a wholesaler. Ready to get your products ordered at a great price? We ship throughout the United States, so give us a call today!
In 2021, it might feel like if you go to the laundromat, then you might be stuck in the old days, but we're here to tell you otherwise.
Despite a lot of people having access to laundry in their own homes, one thing has become clear over the past few years: the laundromat industry is not going anywhere anytime soon. Why? Well, because when it comes down to it, at-home laundry is a common luxury, but not as common as we might think. Keep reading to learn more about the laundromat business.
Are Laundromats a Dying Business?
The short answer: absolutely not. You might wonder, how can we make such a bold claim? Well, it turns out that the laundromat and coin laundry industry is still making a collective $5-billion dollars a year. That's quite a bit of money for a business that people have considered a "dying business" over the last few years. In fact, over the past 70 years, the industry has grown steadily as the population has increased and shifted to more concentrated areas. Let's break it down a little bit more.
Who Still Goes to the Laundromat?
Renters are essentially the ones who go to the laundromat, especially the renters that live in densely populated big cities. In large cities, populations continue to grow; people continue to reside in old spaces and small apartment complexes that do not cater to in-home laundry. Basically, the laundry industry trend is that the more people who rent apartments in big cities, the more the laundry service business will grow.
Are You Fit for the Laundromat Business?
Besides the growing market for laundry services, if you're an entrepreneur looking for a new opportunity, there are many reasons to get into the business. Here are some reasons other business owners love the laundry business:
- Passive Management: As the owner of a laundromat, you still are responsible for making sure that your laundry equipment (washers, dryers, coin machines, etc.) continues to function correctly. Additionally, your customers should be satisfied with the services, and you should be aware of whether or not they are happy with your laundromat. However, owning a laundry business doesn't necessarily mean you have to be there every day of the week. Instead, you have more flexibility built into your schedule since a laundromat can run itself, at least for a short period of time.
- The Equipment is Worth the Investment: Just like at-home laundry equipment, commercial laundry equipment will last quite a while. Here's an estimate of the average lifetime of a laundromat's equipment:
- Washer (top-load) 5-8 years
- Washer (front-load) 10-15 years
- Dryer - 10-15 years
- Coin machine - 10-15 years
- Heating systems - 10-15 years
Just imagine how many loads you can get out of your equipment in as little as ten years? That's something to get excited about.
- Never Worry About Inventory - Unlike many businesses and companies, you'll have very little inventory to work with. All you'll be concerned about is the maintenance of your machines and stocking the detergent vending machine. That means minimal ordering, rotating, or discarding products; talk about a major plus!
Ziggurat Products for Laundromats
Are you sold on the idea that people still go to the laundromat? Are you so sold on the idea that you're ready to open your own? If so, don't go at it alone! Ziggurat Products specializes in making and selling dryer vent kits and related products that make hooking up and maintaining dryers easier than ever. We even make it easy for business owners who are looking for a wholesaler. Ready to get your products ordered at a great price? We ship throughout the United States, so give us a call today!