OAKBROOK TERRACE, Ill. – November 12, 2013 –
“How does my laundry business stack up?”
“What can I expect from an investment in a self-service laundry?
The Coin Laundry Association can help answer these and other crucial questions on the minds of every store owner and potential investor – with the recent release of its 2013 Industry Survey.
This annual publication contains both national and regional averages, essentially creating a profile of self-service laundries in the United States. Industry professionals can use this information to piece together the “typical” laundry owner’s challenges, services and opportunities. Everything from the percentage of card-operated stores to expansion plans is covered within this survey.
“The results contained in this survey are critical for self-service laundry owners and distributors,” explained CLA President and CEO Brian Wallace. “This tool establishes a solid benchmark for comparing everything from monthly revenue per square foot to average rent on both a national and regional level.”
The CLA commissions Readex, Inc., a nationally recognized independent research company, to conduct this annual industry-wide survey of self-service laundry owners. The findings were taken from respondents indicating their organizations own at least one self-service laundry facility, and the results represent a population of more than 9,000 stores.
Some of the key statistics included in the 17th annual CLA Industry Survey are:
- The nature of the respondents’ jobs
- The type and size of the store, including ancillary services offered and number of machines
- The number of self-service laundries owned, planned to be built, and planned to be purchased by the respondents’ organizations
- The biggest problems the respondents face in the industry
- Store operations, including hours open, number of employees and employee wages
- Store financial information, including current vend prices, expectations for price increases, rent per month, gross revenues and net profit