• Small Business and Entrepreneurship
  • Salary and Pay Rates

How much money does a laundromat owner make?

User Avatar

Wiki User

βˆ™ 2011-09-13 04:18:38

Best Answer
Earnings of a Laundromat OwnerI was looking for the answer myself and do not own a laundromat myself but, my research shows that an average laundromat which would cost you roughly $150,000 makes a profit of between 25 and 40 thousand dollars annually. Of course you would have to subtract the payments on the loan that you take out to pay for it. But after the loan is paid, I think you can expect to make about 25 to 40 grand and you actually only have to do about 15 hours of work per week if you want it that way.

My uncle owns 4 laundry mats in the town i live in. It is a very small town. I am positive he makes more then 25 to 40 grand anually. If you want to build a new one you could save thousands in the long run if you knew how to do electrian work and Plumbing. I am not sure his exact figure but I can give you an idea how good a life you will have if it is a successful laundry mat business. He lives on the lake in a over 1million $ house. He drives a Yukon just because he doesnt give a crap about cars. My cousin which is hes daughter drives a new 2007 BMW. Recently he bought a brand new mastercraft x30 paid in cash on the spot. So if you had a successful one you could make alooot of money.

2011-09-13 04:18:38
This answer is:
User Avatar

Your Answer


Related Questions

How much money you need to start a laundromat?

That depands on what kind of laundromat and how big is it. I think.

How much does a laundromat owner earn?

Depends on location location location

How much money can you make if you owner you on truck?


How much money does an owner of Hilton Hotels make?

how much does a Hilton hotel make a year?

How much money does a daycare owner make?


How much money does a daycare owner make hourly?

This depends on how much they charge.

How much money does a pet store owner make?

Around 1500

How much money does a kennel owner make?

any amount they want

How much money does a liquor store owner make?

100k plus

How much money does an owner make from a professional football team?


How much money does ice cream truck owner make?


How much money does Miami Heat owner make a year?


How much money does a small bakery owner make a year?


How much money does a bar owner make each year?

75,000.00 year

How much money does an owner of a amazing net adult superstore make?


How much money does a ballet studio owner make in the city for a year?

Not sure

How much money does the owner of google make per year?

20 billion

How much money does a skate shop owner make?

Depends on whether the skate shop makes money. If it doesn't, the owner loses money. If it has good product flow and low overhead, they can make a good living.

How much money the wine store owner makes?

$$$5789256 thats how much my daddy make

How much money does a horse owner make per year?

nothing they cost you a lot of money to feed and keep

How much money does a Burger King's owner make yearly?

35 thousand a year

How much money does a shoe store owner make?

500000 thousands dollars a year.

How much money would a concrete and landscaping business owner make?

250,000 a year

How much can a small business president make?

A small business president can make as much as the business owner wants them to make. If the business is small then they may not make a lot of money.

How much does a bull owner make?

they make a lot of money because they are taking a big risk and could get really injured.