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Gold coin rush: How TikTok spun the passive income dream of the luxe laundromat

Social media and post-COVID demand are pushing investors into laundromats, where startup costs can reach $700,000 and competition is rising, operators say.

Summary by Sydney Morning Herald
The business of the humble spin-dry has caught the attention of entrepreneurs and private equity investors. Is it fool’s gold?

2 Articles

Sydney Morning HeraldSydney Morning Herald
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The AgeThe Age
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Gold coin rush: How TikTok spun the passive income dream of the luxe laundromat

The business of the humble spin-dry has caught the attention of entrepreneurs and private equity investors. Is it fool’s gold?

·Sydney, Australia
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Sydney Morning Herald broke the news in Sydney, Australia on Friday, April 10, 2026.
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