The Coin Laundry Association has announced the release of its annual Industry Survey.
Each year, the CLA commissions Readex Inc. – a nationally recognized independent research company – to conduct an industrywide survey of laundromat owners. The data, in essence, creates an accurate profile of vended laundries within the United States.
“Good data can be difficult to come by in the laundromat industry,” said CLA President and CEO Brian Wallace. “However, for the past 25 years, the CLA has conducted reliable annual surveys in order to provide store owners the information needed to guide their businesses toward increased profitability. The Coin Laundry Association is the only place you can find these annual numbers and key statistics that are so critical to running a successful laundry business.”
The annual survey reveals the most up-to-date stats on such crucial data as gross profitability, gross revenue, square footage of laundromats and revenue per square foot, as well as examining the expense ratios for rent, utilities and labor. In addition, the survey looks at the prevalence of the various payments options within the industry – from coins and loyalty cards to credit/debit cards and mobile payment.
“Whether you’re new to the business and trying to put together your first business plan or you’re an industry veteran looking to take your laundry operation to the next level, start with the benchmarking data from the CLA,” Wallace explained. “It’s the only place you can put your hands on this type of critical information. If you really want to get a true snapshot of the laundromat industry, you need to turn to the Industry Survey.”
The 2020 Industry Survey is available to CLA members as a free download. For non-members, the survey may be purchased at the association’s online store at coinlaundry.org.
