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LAUNDROMAT
DEMOGRAPHICS - WHAT TO LOOK FOR
The local demographic to the Laundromat will essentially give you an
idea of potential for a Laundromat business. One should always drive
around to look at the competition but also get an idea of the
neighborhood driving around at least a mile radius. Ideal
neighborhoods tend to be those with a higher concentration of
apartments with working class families who do not have washers at
home. College areas, working class neighborhoods or those with
younger populations are also good locations. In order to get an
specific idea, one should purchase a local demographics report and
look for more data.
As a rule of thumb these are some of the factors favorable to
Laundromats:
- At least 25% renters with higher percentages the better
- Older neighborhoods with higher concentration of apartments, at
least 20 years old.
- At least 35% working class with higher percentages the better
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