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 Room
Management
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.
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