CHICAGO – Coin laundry owners in the West reported a June sales increase of 9.8% over June 2012 sales, the strongest amongst all regions, in this month’s American Coin-Op StatShot survey.
The Northeast and Midwest posted similar gains in year-over-year sales for June, up 4.8% and 4.7%, respectively. Operators in the South reported their June sales increased 1.5% over those of June 2012.
One operator in the South describes market conditions there as “up and down, [with] no predictability from week to week,” while another explains that conditions are “stable, with some slight increases.”
“There are some operators who have not made investments in their stores in a while, and [it is] helping those that have to gain more business,” says another operator from the region.
The West also posted the strongest year-over-year sales gain for the second quarter (April through June) of 7.2%. Quarterly sales were also up year over year in the Midwest (5.3%), Northeast (5.0%) and South (2.6%).
Operators in the Northeast describe market conditions there as “stable, to getting worse” and “slow and steady,” while operators in the Midwest share a similar tone regarding conditions in their region.
“[Market conditions are] about the same as always, but a competing Laundromat opened up late last year,” says a Midwest operator. “The market is not big enough to support both stores, or even the new one if we were to close.”
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 via e-mail to participate in the 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.