How much money do laundromat owners make per month?

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asked Oct 2, 2019 in Investing by Lo009k (310 points)
How much money do laundromat owners make per month?

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answered Oct 2, 2019 by Andy2roo (450 points)
Laundromat owners make between $1,000.00 to $4,000.00 per month per laundromat depending on how busy the laundromat is.

And of course the busier the laundromat the more income you'll make and the more laundromats you own the more money you'll make.

The amount of money that laundromat owners make per year per laundromat is around $30,000.00 to $100,000.00 per year depending on the size of the laundromat and how busy the laundromat is.

If the laundromat is in a less busy location then you might only earn $20,000.00 to $30,000.00 per year after all the expenses are taken into account.

If the laundromat is in a very busy location and you own more than one really busy laundromat then you could earn $200,000.00 to $500,000.00 and sometimes more.

The average laundromat owner earns around $30,000.00 to $50,000.00 per year which is on par with an average minimum wage salary job in some places.

Owning a laundromat is a pretty good passive income source though because laundromats will always be in demand as long as people wear clothes and need to wash them.

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