How much income from coin operated laundry machines
Hey BP Community. Looking for some input. I have 16 units on one block in a downtown market. None of my units have washer or dryers so they all go to laundromats close by. I am wondering what I could expect to bring in monthly on coin op machines. One of the units has a small commercial in the front that just got vacated and I can use that space to put easily 5 washers and 5 dryers. I am hoping people will share following info below. I am looking also to purchase the machines and not go with a lease and split option. How many machines do you think are adequate for 16 units?
Number of Units
Number of Washers and Dryers
Estimated Income per month
Thanks BP Community
Anish