Well without wasting any time I can say that laundromats or not a dying business. If you look at the history of laundromats they are going continuously. They are in demand because of the one reason that couples are getting busier and busier. Both husband and wife Are working, on holidays they need some time for their family also, this is the reason why laundromats are in great demand. The second reason is that they Are the need of time. This business is hyper-local in demand so the supply has to be local.
In the past few years, I have seen that there are so many companies emerged to capture the large audience in the field of the laundromat. India is a time rich and a Money poor country. But entire two City the condition is completely different people have money but they don't have time, this is where Laundromat comes and plays its part.
The next 10 years will be a boon in the laundry industry. Don't wait if you want to start this business go ahead there are great profit margins. After six months of opening a shop, you will realise that this is the best business you can start with, all the very best.
From my experience, I have seen so many laundromats shutting down. The reason was not the lack of sales but the lack of experience and complete knowledge regarding Laundry. They opened a shop where there was no need. There are a lot of factors which have to be considered while opening a laundromat in India. The location, the target group, and the quality or the quantity have to be kept in mind while opening a laundromat.