Coin Meter Company

What Coin Meter Company does

Coin Meter Company is a family-owned, Portland-headquartered route laundry operator founded in 1972 that installs, owns, and services commercial laundry equipment in multi-family and campus housing properties across Oregon and Washington. The company is the exclusive Speed Queen distributor in its two-state territory and supplies front-load and top-load washers, single and stacked dryers, plus a full payment stack spanning coin, credit/debit card, smart card kiosk, and a mobile app (CleanPay Mobile) for cashless cycle start and status tracking. Its core operational differentiator is an in-house service organization: factory-trained technicians provide same-day and 24-hour response, supported by a resident-facing service portal at freshlaundrynw.com.

The business model is a revenue-share / route laundry arrangement rather than a direct equipment sale. Coin Meter places equipment at properties at no upfront cost to the owner, retains ownership of the hardware, handles all maintenance, repairs, collections, and resident support, and remits a usage-based monthly payout back to the property. Pricing is quote-based and varies with property size, machine count, and usage; no public price list is disclosed. Multi-family property owners and property managers are the primary customer segments, with campus housing as a secondary vertical. Go-to-market is consultative field sales — free on-site assessments, custom proposals, a toll-free sales line, and a website quote-request form — supported by content marketing through an "Insights" blog and organic social channels.

Coin Meter operates from a Portland headquarters and a Seattle sales presence, with active geographic expansion along the Washington I-5 corridor from Vancouver to Everett including Tacoma and Olympia. Leadership includes President Mike Marsden, VP of Sales and Marketing Blair Holt, CTO Mike Marinelli, and a Controller and Service Manager, consistent with a small-to-mid-sized privately held operating company. There is no disclosed institutional investment, parent company, or M&A activity in the source material; the business has remained family-owned since founding.

Name

Coin Meter Company

Legal name

Coin Meter

Website

https://coinmeter.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Coin Meter Company is a family-owned, Portland-based route laundry operator (founded 1972) that installs, services, and shares revenue from Speed Queen commercial laundry equipment in multi-family and campus housing properties across Oregon and Washington.

Ownership category

akta.pro rank

Product category

Commercial Laundry Services

NAICS

Coin-Operated Laundries and Drycleaners (81231), Drycleaning and Laundry Services (8123)

SIC

Wholesale-Machinery, Equipment & Supplies (5080)

akta.pro primary industry

Card/App-Based Self-Service Laundromats (HSAJAAAB)

Keywords

• Commercial laundry equipment
• Multi-family laundry services
• Vended laundry solutions
• Revenue-share laundry
• Cashless laundry systems

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Route Laundry Service / Revenue Sharing: Coin Meter installs and maintains commercial laundry equipment at multi-family properties at no upfront cost to property owners. Monthly revenue is shared between Coin Meter and property owners through a usage-based transaction model. Property owners receive passive income while Coin Meter handles all operations including collections, maintenance, and repairs.
2. Equipment Leasing / Multifamily Laundry Leasing: Revenue-sharing model where Coin Meter provides apartment laundry equipment sales alternatives through leasing arrangements. No initial investment required from property owners. Monthly payouts generated from laundry operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Coin Meter Company installs, owns, and services commercial laundry equipment in multi-family apartment buildings and campus housing under a revenue-share model with no upfront cost to property owners. As the exclusive Speed Queen distributor in Oregon and Washington, the company supplies front load washers, top load washers, single dryers, and stacked dryers, paired with flexible payment systems (coin, credit/debit card, smart card kiosk, and CleanPay Mobile app). Coin Meter handles all installation, collections, repairs, and maintenance while sharing monthly laundry revenue with property owners.

Product overview

Coin Meter provides comprehensive multi-family laundry solutions through a route-based service model in Oregon and Washington. The core offering centers on exclusive Speed Queen commercial laundry equipment (front load washers, top load washers, single dryers, and stacked dryers) combined with flexible payment systems including cashless options (mobile apps, smart cards, credit/debit cards) and traditional coin systems where needed. The company operates on a revenue-sharing model where equipment is installed at no upfront cost to property owners, with Coin Meter handling all maintenance, repairs, and collections while providing monthly revenue payouts. This integrated approach combines equipment provision, payment technology, and service support into a unified laundry management solution.

Differentiator

Problem solved

Functional benefit

Products and services

• Speed Queen Commercial Laundry Equipment Exclusive Speed Queen commercial washers and dryers distributed in Oregon and Washington, including front load washers, top load washers, single dryers, and stacked dryers. Equipment features energy efficiency, high spin speeds, and durable construction for multi-family and campus housing use.
• Cashless Payment Systems
• Coin Payment Systems
• Repairs and Maintenance Services
• Route Laundry Revenue-Share Service

Quantifiable outcome

• Reduced water usage by up to 35% with modern high-efficiency commercial washers and dryers
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Speed QueencoreTechnology or IntegrationExclusive partnership making Coin Meter the exclusive Speed Queen distributor in Oregon and Washington. Speed Queen is a renowned commercial laundry equipment manufacturer known for durable, energy-efficient washers and dryers. Coin Meter provides Speed Queen equipment to multi-family properties with integrated payment systems (coins, cards, mobile apps). Factory-trained technicians provide expert installation and maintenance. This partnership provides priority access to latest Speed Queen models and seamless integration with Coin Meter's service model.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• CSC ServiceWorks: Largest national vended laundry and air-vending route operator in the U.S., serving multifamily housing, colleges, and laundromats. Direct competitor to Coin Meter's route-based, revenue-share model across every market in which Coin Meter operates.
• WASH Multifamily Laundry Systems: National provider of vended laundry services to the multifamily housing industry, with equipment, service, and a mobile app comparable to Coin Meter's CleanPay offering. Competes head-to-head for property owner contracts.
• LaundryLux: Distributor of commercial laundry equipment (Electrolux, IPSO, Maytag) with route and leasing services for multifamily and on-premises customers. Directly comparable equipment-plus-service model to Coin Meter.

Regional players

• Westland Laundry Systems: Regional commercial laundry equipment distributor and service provider in the Western U.S., offering route, lease, and parts services. Comparable in scope and customer type to Coin Meter, though operating in adjacent rather than overlapping geographies.
• Commercial Laundry Equipment Company: Regional distributor and service provider of commercial laundry equipment on the U.S. West Coast. Comparable regional route-and-service business model to Coin Meter, though not necessarily overlapping in the same metropolitan areas.

Broad incumbents

• Dexter Laundry: U.S. manufacturer of commercial vended and on-premises laundry equipment with an established dealer network. Competes with Speed Queen for route-operator equipment portfolios and shapes the competitive landscape Coin Meter navigates.
• Whirlpool Commercial Laundry: Commercial laundry division of a major U.S. appliance manufacturer, offering coin- and card-operated vended equipment to multifamily and laundromat operators. Competes at the equipment level for Coin Meter's OEM relationships and property-owner RFPs.
• Girbau North America: Manufacturer and distributor of commercial laundry equipment serving vended, on-premises, and industrial laundry customers in North America. Competes in the same equipment and route-service ecosystem as Coin Meter's Speed Queen portfolio.
• Huebsch Commercial Laundry: Commercial laundry brand owned by Alliance Laundry Systems (Speed Queen's parent), distributing vended laundry equipment through a North American dealer network. Sibling brand to Coin Meter's core equipment line and a competitive reference point for property owners evaluating alternatives.

Emerging players

• Coinless Laundry: Provider of cashless payment retrofit kits and mobile payment solutions for existing coin-operated laundry equipment. Comparable to Coin Meter's CleanPay Mobile and card-system offerings from a technology-stack perspective, though it is a vendor rather than a route operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCrFq9JlWVCxVOFZ6Wozs-4g
• Facebookfacebook.com/coinmetercompany
• LinkedInlinkedin.com/company/coin-meter-company
• Xx.com/coinmeter

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coin Meter Company