The coin-operated laundry industry, at approximately 60 years old, is highly fragmented. There are about 35,000 coin laundries in the U.S., generating nearly $5 billion in annual gross revenue. Much of this income is realized by individual owner/operators. Though small operations are typical to the industry, some chains exist. Coinmach Laundry Corporation, with more than 870,000 machines in the U.S. and more than 160 Kwik Wash Laundromats, has established itself as the industry’s clear leader.