How to Calculate Laundromat Profits

A laundromat can be an extremely lucrative business, worth every bit of the owner's investment. However, when you start a business, it is important to monitor the successfulness of the business by calculating its profits in order to determine if it is making enough money for you to stay in business. Profit is nothing more than the positive gain from a business operation after subtracting business expenses. You can easily calculate laundromat profits with simple mathematics.

Things You'll Need

Financial records

Calculator

Step 1

Peruse the laundromat's financial records to obtain the information needed to calculate the business's profits.

Step 2

Note the revenue generated by the laundromat. Revenue includes any sales made to customers for use of laundry facilities. Add any assets and capital as well.

Step 3

Note the expenses incurred by the laundromat. Expenses include the operation costs of the laudromat, such as utility bills, employees' wages, equipment maintenance and initial start-up costs as well. Include any liabilities as well.

Step 4

Subtract the expenses from the revenue to calculate laundromat profits.

Tips

Calculate profits monthly and compare them from month to month to monitor any increase or decrease in profits.

Warnings

If the difference between the revenue and expenses is negative, then the laundromat has incurred a loss rather than a profit.