How Much Would It Cost To Open A Laundromat. According to the houston chronicle, startup costs for opening up a new laundromat typically range anywhere from $200,000 to $1,000,000. A typical existing laundromat will end up costing you between $200,000 and $750,000.
Opening a laundromat often requires a hefty initial investment. These may add up on the cost of starting a laundromat as they may range between $150 and $8,000 per washing machine. If a typical customer visits your laundromat once per week, this could add up to more than $30 per month just for one customer.
The good news is, despite expenses, laundromat owners report an average of $5,000 to $7,000 of net profit each month.
However you will need some people to help you in the cleaning and operating of the laundromat. A 1,800 to 2,000 square foot space should be enough. A typical existing laundromat will end up costing you between $200,000 and $750,000. Buying an existing laundromat lets you start earning revenue right away rather than taking the time first to buy and install equipment.