I am looking to invest in a laundromat and am concerned about the capital improvements that will need to be made in the future. In particular the cost of machine replacement and the lifetime usage of machines.
For those with experience, what is the lifetime of an average washer and dryer? What about good quality washers / dryer vs. poor quality?
How often do washers / dryers that are 5 years old vs. 10 years old need to have maintenance or repairs completed?