Industry
Coin laundry industry about 60 years old and are mainly composed of the owner / operator of individuals. At present, there are about 35,000 coin laundries in the United States, generating nearly $ 5 billion in gross revenue per year.
Clean clothes, such as food and shelter, are regarded as necessities of life and operated laundries provide basic health services for everyone. Although Laundromat found in almost all parts of the country, stores seem to perform well in the area is densely populated mostly tenant-occupied. These areas are growing in number with every year throughout the country. Intense population growth, coupled with the development of rental housing, has increased its customer base to the Laundromat.
Business Cycle
Coin laundries thrive in periods of both growth and recession. In the last recession, when home ownership decreases, the self-service laundry market expands as more people can not afford to repair, replace or buy a new machine and clothes dryer machine, or as they move to apartment housing with laundry facilities are inadequate or non-existent. The market size grows in proportion to the increase in population. People will always need health services is fundamental - people always need to wash your clothes!
Features and Trends
Industrial growth based on demographic density, mixed population and incomes of the population. The more concentrated population, the greater the need for quality self-service laundry facilities. Demographics of the United Syartikat show tenants, the main users laundromat coin, is the fastest growing segment in the country.
According to the US Census, 31 percent of the 116 million households in the country were occupied by renters. The number of coin laundries built over 60 years ago has increased as the population has grown and shifted to areas where there are more populous. This industry has developed a mature, stable and predictable turnover rate and financial self-service laundromat, and expansion and replacement of equipment.
Market value
Laundromat usually sold at multiples of their net income. Aneka may vary between three and five times the net cash flows, depending on several factors. The main factors creating the following markets:
Net income before debt service, after adjusting for depreciation and any items that are not standard including owners salary or wage costs in services.
Terms importance of property (lease), especially long; frequency and amount of the increase; expenditure; and the overall ratio of rent to gross income.
Age, condition and use of the equipment, and leasehold improvements; the physical properties of real property in which the coin laundry is located, especially the entrance / exit, visibility of the road and parking lot.
Existing conditions, such as vend price structure in the market.
Demographic profile in common areas or regions.
Replacement cost and land use issues.
The resale market standard scenario assumes the owner / operator, without provision for external management fees. Time marketing to stores average sales of 60 to 90 days, depending on the price, terms of financing and the quality and quantity of existing stores at the time of sale.
Standard acceptable shelf life for commercial coin-operated laundry machines are as follows:
Washing Machine Download Top (6kg to 7kg): 5-8 years
Front Load Washing Machine (9kg to 25kg): 10-15 years
Clothes Dryers (15kg to 30kg): 15-20 years
Coin Exchange Machine: 10-15 years
Life expectancy depends on the use of laundry machines, the number of sales and maintenance.
