The Laundromat business is a very cyclical one, meaning that there are times when we can always count on heavy months (the winter time) and other times when the collections are a bit lighter than we would prefer (the summer). In an established coin laundry, the gross revenue in the summer months is generally somewhere between 10 and 15% less than that of the winter months. Why, you ask? In most places in the US, the winter time has colder weather and it rains more. This means that customers wear thicker clothing and more of it. This is all good for filling up the washers and dryers.
So here we are in the spring time and getting ready for the summer, which is quickly approaching. Something interesting happens each year right around this time. There is what I like to call “The Spring Bounce”. It is usually only one month and it changes every year. Sometimes it is April, sometimes it is May, but whenever it happens, we see that the business picks up and we have a great month.
There are a couple of reasons for this sudden increase in business, both of which makes complete sense. Firstly, when the weather breaks and the seasons change, away go all...
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