Laundromats can fail for a variety of reasons. Poor location, high overhead costs, and competition from other businesses are all potential contributing factors.
Additionally, it is likely to fail if a laundromat does not offer quality services or provide a good customer experience.
Laundromats are also susceptible to crime. A laundromat located in an area with high crime rates can deter customers from using the business and lead to its eventual failure.
Finally, if a laundromat is not well-maintained, it is likely to fail as well. Customers will not want to use a dirty or run-down laundromat and will instead take their business elsewhere.