How much does it cost to lease commercial laundry equipment

Because everyone needs to clean clothing regularly, entrepreneurs starting a laundry business may expect guaranteed demand for their product. However, the start-up costs may be significant: starting your own small laundry business could cost $250,000 or close to $1,000,000 depending on its location, your choices for equipment and financing and how much of the operation you intend to own rather than rent or lease.

Building and Property Costs

Building costs include the value of the property and the price of remodeling: if the building was not originally a laundromat, you may need to install new water pipes, electrical outlets and sewer access to accommodate the new washing functions. The average laundromat space costs between $200,000 and $500,000, and renovations to the site may cost another $100,000. If you are purchasing an already functioning laundry business, your costs are simply the value of the business, which varies depending on success and location.

Material and Personnel Costs

You have the option of either purchasing or leasing equipment for a laundry business. The price of commercial washing and drying equipment ranges from $150,000 to $450,000, depending on the sophistication of the equipment and the size of your laundromat. Laundromats require little attention from personnel, but a dry cleaning business needs friendly, competent staff to be successful. Evaluate your personnel needs and add them to your start-up costs: laundromat employees may work for a wage, but dry cleaners may need a salary.

Licensing and Regulatory Costs

Owners of a laundry business must obtain several licenses before they open. In addition to a general business license, you may need a water pollution control permit, a sign permit and a permit from the health department if you plan to serve food; some laundromats offer food from vending machines. Permit prices vary from county to county, but they may be significant.

Financing and Investment Costs

Entrepreneurs starting their own laundry business may finance the operation through a traditional loan or investments from business partners. Investments initially cost less than loans because the investor requests a partnership or partial control of the business in exchange for no interest payments; however, your long-term profits diminish with every partner you acquire.

In-house financing from a manufacturer of laundry equipment is the most expensive financing option because the manufacturers acquire money from a lender and then lend you the money at an even higher interest rate. Always factor total interest payments into your start-up costs.

Laundry Equipment Leasing for Different Categories

Working with Commerical Laundries Inc. will ensure the proficiency and flexibility you need. Each communal space requires a laundry room, but with entirely different terms. This is why we will create your leasing options with you.

Multi-Housing

As the property owner of an apartment complex, your main goal is the satisfaction of your residents. Providing a superior laundry experience for them will need a dependable and large laundry center. At Commercial Laundries Inc., we can help you make your laundry equipment efficient and profitable even with monthly fees.

Academic

We all know that laundry machines take a beating on college and university campuses. At Commercial Laundries Inc., we work closely with our university and college partners to ensure that our rentals are equipt to handle large amounts of clothes while keeping their sleek, modern look.

On-Premise

Other businesses, such as nursing homes, restaurants, hotels, spas, and many more, greatly benefit from industrial laundry equipment. With a low monthly fee, they have eliminated external laundry services, which saves them up to 50% on linen costs and a lot of time.

Full Service Laundry RoomManagement

Let us take care of your laundry

The Perfect Fit

Our sales team will work with you to select the right machines and options for your businesses and budget.

Zero Out-of-Pocket. Zero Risk

With $0 out-of-pocket expenses or start-up costs, laundry equipment leasing from WASH allows you to save your capital for other investment opportunities and eliminates the business risk of owning your own equipment. And, all you pay is a low monthly fee.

WASH also offers the option of a 360 Laundry Room Solution that includes a lease of washers and dryers, vend management, service and maintenance for those that are looking for a complete, full-service solution.

Flexible Terms

With customizable contracts, and a variety of washer and dryer options, laundry equipment leasing from WASH allows you to retain control of your laundry room operations while equipping your laundry room with top-of-the-line commercial laundry machines for an economical monthly rate.

Five-Star Service

At WASH, our lease for washers and dryers come with the option of service and maintenance, so if there’s ever a problem with a machine we’ll be there to fix it–typically within 24 – 48 business hours or less. And, we stock a full range of replacement parts to always keep your machines in top-running order.

Top-of-the-Line Washers & Dryers

Featuring Speed Queen, Maytag, and Whirlpool commercial washers and dryers, with the option of new or WASH-certified used commercial washers and dryers, ENERGY STAR front- and top-load washers and heavy-capacity dryers, WASH offers a variety of products to fit your specific needs..

Top-Load Washers

Conventional agitator-style washers typically cost less but may use more water and energy.

Heavy-Capacity Dryers

These commercial dryers have a heavy capacity to handle bigger loads of laundry.

Stackable Dryers

Great for large or small laundry rooms, these stacked dryers conserve floor space.

Stackable Washer / Dryer Combos

Ideal for laundry rooms with space constraints, this unit contains both a washer and a dryer.

Coin Operated Washers or Coinless

With front-loading, top load or stackable washers and dryers, WASH offers traditional coin operated machines and the option of mobile payment or card systems.

How much does a commercial wash machine cost?

How much does a commercial wash machine cost? Commercial-grade washing machines can cost anywhere from $1000 to $2000. Similarly, commercial dryers can also cost over $1000.

Is a self service laundromat profitable?

Opening a self-service laundromat is a profitable business that calls for a low initial investment. Staff costs and risk of non-paying clients are zero.

Is a commercial dryer worth it?

While the initial cost of commercial laundry machines is greater than domestic machines, the savings you'll achieve throughout the life of the machines make it the more economical choice. If you can afford to make the investment, commercial laundry equipment will pay off in the long run.

Is a commercial washer worth it?

If yes, commercial laundry equipment is the way to go. There are some larger capacity residential washers available (up to 30 pounds or so) but the commercial washers can handle even larger loads. Plus, they'll keep running those larger loads for years to come giving you quite a bit of extra productivity.