Coin Laundry

[Phil C.]

How much can one expect in revenue from adding coin-ops in a 4-plex? I have seen some listings which advertise $50-$75/week, is this a good estimate? Also, has anyone dealt with the maintenence of these things? Does this offer a good return considering all of the risks associated with them?

Thanks everyone,
Phil

[Frank Adams]

Revenue is not the same as INCOME, which is really what you're after!

I don't know how typical we are but when we were working we did 4 loads a week, on average. 16 loads in a 4-plex, generating $4/load, $64 sounds a bit high to me. $4 PROFIT per load sounds ridiculously high.

What is that going to do to your water/sewer and gas or electric heat bill?

If it's plumbed for W/Ds I'd let the tenants just do their own. But that brings up the question of how to account for the water and utility use. Unless each system is routed through the corresponding units plumbing.

BTW, years ago my wife had the responsbility for operating a coin laundry, long story! Nothing ruined a "date night" more than the call from an irate customer saying "the da**ed dryer ate my socks, come retrieve them!"

Frank