LCT acquires shares of Marvel Laundry Equipment

Self Service laundry continues to grow in Spain

Self Service laundry continues to grow in Spain, with more than 100% over the last 4 years. According to the latest numbers, there are currently more than 1,200 self-service laundries throughout the country.

One of the main reasons is the changing consumer habits, especially for millenials. However, in the spanish case equally important is the ease of setting up a new Self-Service Laundry and the high profitability of the investment. Setting up a small self service laundry under a franchising model can cost less than 15.000 euros. Furthermore, the management expenses are very limited, namely the maintenance of the machinery, the cleaning of the premises, and the supplies consumed.