Share |

Content about StatShots

March 28, 2012

CHICAGO — Drop-off service sales also rise in year-to-year comparison

CHICAGO — Self-service laundry sales were up in all four regions for a second straight month in February, according to the most recent AmericanCoinOp.com StatShot unscientific survey.

February sales in the South were up 6.8% (compared to February 2011 sales). Sixty percent of the respondents reported an increase in sales, while 20% reported a decrease. Sales were unchanged for 20% of respondents.

Sales in the Midwest rose 5.6% compared to February 2011 sales. Roughly 64% reported year-to-year sales increases, while 14.3% reported decreases. Sales were unchanged for 21.4% of respondents.

“My customer count is up 15% over last February,” a Midwest operator reported.

In the West, February sales were up 3.6%. Fifty-five percent of respondents reported a bump. “Coin sales very spotty,” reports an operator there. “Have added credit card readers to one-third of the Laundromat, which resulted in better results.”

February sales were up 2.4% in the Northeast, where 57% of respondents reported increases.

Despite the rise in sales overall, many operators offered gloomy comments. Some said their local markets are suffering because of the economy.

  • West — “Not good. Nearby businesses are dropping their rate to 75 cents per top loader!”
  • Midwest — “Maybe fair at best. The national media keeps reporting the economy is in the upswing, but I do not see or believe it.”
  • West — “The economic slowdown did not impact our rural area as quickly as most of the nation but is affecting us now. I had the lowest income in 14 years during November-January.”
  • Northeast — “Too much competition, but I am the best.”

Respondents were also asked about drop-off-service sales for February (compared to February 2011). Every region reported sales were up, but there was quite a bit of difference in two of the regions compared to the others.

In the Midwest, where 71.4% of respondents have offered drop-off service for two years or more, sales were up 7.1%. Twenty-one percent don’t offer drop-off service, and 7.1% didn’t offer drop-off service last year but they do now.

Southern operators saw their drop-off-service sales rise 6% in February from the previous year. Eighty percent of the respondents have offered this extra-profit service for at least two years.

Sales increases were much less in the Northeast (0.5%) and the West (0.4%). Fifty percent of Northeast operators have offered drop-off service for at least two years, while 58.3% of West operators have offered the service during that time.

“Coin laundry flat, but oil drilling clothes for drop-off is great income,” says a Midwest operator.

“We ran a great promo in February that really boosted drop-off,” adds another. “Drop-off is thegrowth segment for our business.”

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs or other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website, on a regular basis. Self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

February 29, 2012

CHICAGO — While overall sales results were positive, respondents’ comments were more varied

CHICAGO — Every region of the country reported small sales increases in January, fresh off a year that saw coin laundry sales rise more significantly compared to the prior year, according to results of the latest AmericanCoinOp.com StatShot survey.

Sales in January were modestly higher compared to January 2011 figures. The Midwest enjoyed the largest upswing at 3.7%, followed by the Northeast at 1%, the South at 0.9% and the West at 0.3%.

The 2011 numbers were much glossier when compared to 2010 results. Here, the South led the pack with a 9.6% sales increase, followed closely by the Northeast at 7.6%. Sales rose 6.5% in the West compared to 2010, and the Midwest saw a 2% increase.

Nationally, self-service laundry operators who responded to the unscientific survey averaged a 1.4% sales increase in January compared to January 2011 and a 6.5% sales increase in calendar year 2011 from 2010.

While the overall sales results were positive, respondents’ anonymous comments about their local market conditions were more varied.

Some of the good:

  • West: “Business has noticeably picked up. I also see a lot of new faces. I did add cable TV, but could that have made that big a difference?”
  • Midwest: “Slow just like everywhere else, but laundries are doing fine.”
  • Northeast: “I think people that do not regularly use the (Laundromat) are using them more for large items. Also, there are more people living in apartments in our area.”
  • South: “Houston has replaced all jobs lost since the beginning of the great recession and the labor market here continues to improve every month!”

Some of the bad:

  • South: “Slow.”
  • West: “Soft at best. Local mines are running but over half the population depends on a government check.”
  • Northeast: “Loss of customers.”
  • Midwest: “Stagnant and iffy.”

The StatShot includes information on sales, wages, costs or other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website. Self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

January 25, 2012

CHICAGO — Self-service laundry sales rose in the West, Midwest and Northeast in December, while Southern operators saw sales drop for a second straight month, according to the most recent AmericanCoinOp.com unscientific StatShot survey.

The Northeast saw the biggest month-over-month sales increase (compared to December 2010) of 8.4%. The Midwest and West each posted 4.4% increases. The South was down 6.5%, after having been down 0.7% the previous month.

One Western operator raised prices 10%, with turns per day unchanged. Wash-dry-fold sales were up 26%. “I have only laundries in county of 30,000. I think WDF (is) up because of subcontractors here for restart of copper mines.”

“Construction in the area has brought in out-of-state workers with drop-off laundry” amid an improving economy, a Midwestern operator reports.

Respondents were also asked about their 2011 fourth-quarter sales (compared to 2010 fourth-quarter sales).

Fourth-quarter sales rose 7.4% in the Northeast, 4.5% in the West, and 3.7% in the Midwest. Southern operators experienced a 7.1% decrease in the final quarter of 2011.

“(We) used coupons more this year, and less snow meant less days closed to weather,” says one Midwestern operator who also reported increased theft of laundry carts, presumably for metal scrap value.

“My sales were up, I believe, because first we expanded and added another 15 washers and 20 dryers, and we got a better mechanic to fix our machines so we have way less ‘out of orders’ than before,” reports a Western operator.

A Southern operator reported having a record quarter for wash-dry-fold business, up more than 30% from the previous best quarter.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs or other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website, on a regular basis. Self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

December 28, 2011

CHICAGO — Self-service laundry sales were a mixed bag in November, with two regions reporting increases and the other two lamenting drops, according to the most recent AmericanCoinOp.com unscientific StatShot survey.

November sales in the Northeast were up 5.3%. Fifty-three percent of the operators experienced an increase in sales, most of them double-digit increases.

Sales rose 1.4% in the West, where about half of the operators had increases.

In the South, sales fell 0.7%. Operators reported having been impacted by increasing utility costs, a recently passed immigration law, layoffs among NASA clientele, and bans on the local fishing trade.

The Midwest saw the country’s biggest sales decline, 2.2%, for November. “Still very flat here in Michigan. People put more in each load and come in less often,” says one operator.

“The market is pretty bad,” adds another. “Most self serves are starting to move into the commercial sector to stay afloat.”

Respondents were also asked about November 2011 front-loader prices — their lowest prices, highest prices, and whether the prices had changed since the previous November. The lowest and highest prices varied quite a bit.

In the West, customers can get a front-load wash for as little as $1.50. The lowest-priced front-load washes range from $1.50 to $3.75. Nearly 88% of these prices were unchanged from November 2010. The remaining 12.5% of respondents have raised their lowest-price wash in the last year.

The price range for the most expensive front-load washes in the Western region is $2.75 to $7.89. Every respondent reported these prices were unchanged from a year earlier.

Low-end front-load prices in the South range from $1.75 to $4.25. Approximately 62% of respondents have kept the same low price since November 2010, and 31.6% have raised the price. Just 5.3% have lowered the price.

Southern customers face the widest price range of all regions — $2 to $17.50. Nearly 58% of operators reported having raised their high-end price since November 2010, and the remainder were unchanged.

In the Northeast, the most inexpensive front-load prices are $1.50 to $5.50. Just 6.7% of operators have raised their prices in the last year, while the remainder has kept the prices unchanged.

When it comes to the most expensive wash, Northeastern customers are paying $2.25 to $8. Approximately 21% have raised this price compared to November 2010, while the remainder has stood pat.

The most inexpensive front-load prices in the Midwest range from $1 to $4.50. Just 5.9% of operators have raised their prices in the last year, while another 5.9% have lowered them. The remainder has kept prices unchanged.

When it comes to the high side of front-load prices, Midwestern customers face a range of $2.50 to $8.79. Some 12% of respondents have increased prices, with the remainder keeping the status quo.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs or other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website, on a regular basis. Self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

Click the “Subscriptions” button at the top right-hand corner of this page and follow the instructions to sign up for the free e-mail service.

November 23, 2011

CHICAGO – Every region posted sales increases in October, with the South leading the charge with an impressive 10.9% boost, according to the latest AmericanCoinOp.com StatShot survey. Nearly all of the Southern operators who provided data reported enjoying double-digit gains for the month compared to October 2010.

Self-service laundry sales were up 4.8% in the Northeast, 4.4% in the Midwest and 1.7% in the West.

One Southern operator reports that wildfires burned 1,500 houses in their area, which could account for increased patronage. Another says October sales were up 10% primarily due to increasing wash prices.

A Western operator says business is “a little slow, but improving,” while another beams about having had “our best month in 15 years.”

“Sales vary with gasoline prices,” a Midwestern operator says. “Higher gas prices equal lower sales, and vice versa.” Another blamed lengthy road construction projects for hurting business.

In the Northeast, one operator had already surpassed 2010 sales with two months to go. Another complained about stores being built too close together. “Competition hurts us all when they build new stores close to the existing ones. New stores should be built in new neighborhoods where there are no other Laundromats.”

Operators were also asked to compare current dryer prices to October 2010 prices. In cases where operators have multiple prices, they were to list the lowest price.

In 2010, dryer prices in the South were 36.6 cents for an average of 7.9 minutes, with times ranging from 5 to 20 minutes. The average price has increased to 38 cents but for a longer average of 9 minutes.

Midwestern dryer prices have increased slightly. October 2011 prices averaged 32.5 cents for 8.2 minutes compared to 31.2 cents for 8.5 minutes in October 2010. Drying times range from 3 to 30 minutes.

Western prices (25 cents for an average of 7.6 minutes) and Northeastern prices (26 cents for an average of 7.6 minutes) are basically unchanged from October 2010. Drying times in the Northeast range from 5 to 10 minutes; they are 6 to 10 minutes in the West.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website. All self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

October 26, 2011

CHICAGO – Three of the four regions posted sales increases in September and in the third quarter, but the results were mixed, according to the latest AmericanCoinOp.com StatShot survey.

Self-service laundry operators in the Northeast reported September sales were up 7.2% compared to September 2010, and that their third-quarter sales were up 4.3% compared to the same period in 2010.

In the Midwest, September sales were up 4.8% from the previous September and third-quarter sales for this year were up 0.9% compared to July-September 2010.

September sales in the South were up 1.3% from September 2010, but third-quarter sales were down 1.1% when compared to the same period one year earlier. The West’s September sales declined 2.5% from September 2010, but its third-quarter sales rose 1.5% in comparison to July through September last year.

“People are looking for a clean Laundromat with equipment that works,” says one Northeast operator.

“In the last four weeks, sales (have been) up 5% from the previous four weeks,” adds another.

In the South, the “current market is not good … spotty at times,” says one operator. “Just hope as the colder weather moves in that business will pick up.”

“Summer sales were the worst since we’ve owned this Laundromat for the last five years,” laments another. “Our September sales were average, though.”

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in the unscientific surveys, which are conducted online via a partner website. All self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

September 28, 2011

CHICAGO – The West is the only region that reported increased August sales from one year ago and greater profits for the first half of 2011, according to the latest AmericanCoinOp.com StatShot survey.

Self-service laundry operators in the West reported August sales were up 7.7% compared to August 2010, and that their first-half profits were up 8.1% compared to the first half of 2010.

In the Northeast, August 2011 sales were up 1.8% from the previous August while first-half profits for this year were down 5.8% compared to the first six months of 2010.

All of the numbers were in the red for operators in the South and the Midwest. Sales in the South were down 2.0% in August from the previous August, while profits were down 4.1% when comparing first-half 2011 to 2010. The Midwest’s August sales declined 5% from August 2010; the region’s first-half profits were down 4.7% compared to 2010’s first six months.

Even with things looking good, the Western operators who offered comments still leaned toward the negative. “Utilities are increasing anywhere from 3.5% in one town to more than double in another!” says one. “Only frequent, non-quarter-increment price increases will keep operators afloat long term in this market.”

“Cost is going up, and everything else is going downhill,” remarked a Northeastern operator.

In the South, “(our) second-quarter sales were down 4.5% compared to first-quarter sales due primarily to higher gasoline prices,” says one operator. Another says their municipality’s water rates “literally doubled” beginning in August.

In the struggling Midwest, which has failed to make it into positive territory in sales all year, one operator reports having taken a number of steps to turn a profit.

“We implemented many new ways (to) cut the cost of doing business. We installed a new hot water heater, added insulation, (and) dropped the landline phone and added a cell to our existing cell phone contract and kept the same number. Garbage is picked up [every other week] rather than weekly without any problem with overflow. … Income was down but because of the cost-cutting measures, our profit was up a bit.”

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted online via a partner website, on a regular basis. All self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

August 24, 2011

CHICAGO – Self-service laundry operators in three of the four regions reported their sales declined in July, traditionally one of the weakest revenue-generating months of the year, according to the most recent AmericanCoinOp.com StatShot survey.

The West was the lone bright spot, posting a 6.3% sales increase when comparing July 2011 to July 2010.

In the South, month-to-month sales fell a collective 2.5%. More operators reported sales increases than not, but the double-digit losses incurred by the minority outpaced smaller gains elsewhere.

July-to-July sales in the Midwest were down 1.2%. In the Northeast, they were virtually flat—down only 0.2%.

At times when sales falter, running a self-service laundry as efficiently as possible is paramount. Operators were asked about their utilities cost as a percentage of gross. Northeastern operators fared the best, paying 16.6% for utilities in July. Western operators paid 20.3%, while Midwestern operators paid 27%. Operators in the South paid the highest percentage for utilities at 29.9%.

How did some operators keep their costs down? By repairing or updating equipment such as washers, dryers and water heaters. One operator reported installing a white insulated roof.

Some operators in the West credit cleanliness and a friendly atmosphere for helping them maintain their efficiency.

Meanwhile, one Northeast operator who reported their July-to-July sales were unchanged says that theft makes it difficult to run a laundry efficiently. “Attendant stealing is at an all-time high,” the respondent wrote. “Much of the money is missing from the inside.”

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

Subscribers to AmericanCoinOp.com’s Wire e-mails are invited to participate in these unscientific surveys, which are conducted online via a partner website and only take a few minutes to complete.

July 27, 2011

CHICAGO – Operators in three of the four U.S. regions reported June sales increases compared to the prior year, led by the Northeast’s 4.2% and West’s 2.6% gains, according to this month's unscientific AmericanCoinOp.com StatShot survey. The South saw sales rise 0.4%.

June-to-June sales in the Midwest were down 7%. Because the region’s swoon was so dramatic—nearly 73% of Midwestern operators who responded to the survey reported sales declines—sales dipped 1.4% nationally from June 2010.

Operators in the Midwest cited many different reasons for their tough times. Road construction, extreme heat/humidity, high gas prices and government regulation were among them.

But not all was negative. “Our sales are up for the year 11%,” says one Midwestern operator. “June was just a slow month.”

At the halfway mark of the year, June is the third straight month that sales have increased in three regions.

Survey respondents were also asked about their second-quarter sales. Combined sales for April, May and June were up substantially in the West (7.1%) and Northeast (6.8%) when compared to 2010 figures, while the South also posted a strong 4% gain. Quarterly sales were down 4% in the Midwest.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

July 1, 2011

CHICAGO – Operators in three of the four regions reported May sales increases compared to the prior year, led by the Northeast’s 11.8% and South’s 8.8% gains, according to the most recent unscientific AmericanCoinOp.com StatShot survey.

Nationally, operators saw sales rise a robust 8.6% from May 2010.

The West saw sales rise 4.4%, the second straight month of gains there. May-to-May sales in the Midwest were flat, which could be considered good news since the region had seen its sales in the red every month this year.

In the Northeast, where two-thirds of respondents reported gains, a competitor’s store closing benefited the bottom line for at least one operator.

Another storeowner says “June has backed off some, but (is) still ahead of 2010.”

In the South, only one-third of operators reported higher sales, but their gains were significant. One operator says severe storms that displaced families meant more business. “Terrible tornadoes in April have done more to help our economy than any stimulus package could ever hope to do.”

As we near the halfway mark of the year, May is the second straight month and the third this year (January) that sales have increased in three regions.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs and other financial data based on anonymous survey information provided by industry owners and operators.

Subscribers to AmericanCoinOp.com’s Wire e-mails are invited to participate in these unscientific surveys, which are conducted online via a partner website and only take a few minutes to complete.

March 23, 2011

CHICAGO — February sales were down in three out of the four regions, according to the most recent AmericanCoinOp.com StatShot unscientific survey. In last month’s survey, reflecting January activity, sales were up in three out of the four regions despite numerous winter storms.

February 23, 2011

CHICAGO — Although winter storms hurt business, operators in three out of the four regions reported

January 26, 2011

CHICAGO — December sales rose in the South, West and Northeast, while Midwestern operators saw sales fall after they had risen in November, according to the most recent AmericanCoinOp.com unscientific StatShot survey.

December sales in the South (compared to December 2009 sales) were up 1%. This might be somewhat misleading since about 60% of operators had a sales decrease. However, a good number of operators experienced healthy sales increases, which offset the larger number of decreases.