How much capital would it take to open a laundromat?

Answer by  jennifercrowe84 (202)

It depends on how big you want it. I would say that it would cost around 20,000. Because of the rent, the machines, the power, etc. It also depends on the amount of machines that you have. Do not forget the change manchines as well. You will need those.

Answer by  Peg (459)

It would take approximately $12,000. The start-up costs include rental or purchase of a building. Commercial washing machines and dryers cost around $500 each. Depending on the number of machines, this cost alone could be $10,000 (if you had 10 of each). You will also need to buy change machines and tables.

Answer by  Emr (698)

It depends on how big you want it to be. Calculate the square footage, how many machines you need, and rents in your area.