Laundromat cost reddit. Laundromat is listed for $224,000/- .

Laundromat cost reddit While this cash price usually has a generous mark up from a normal cash price at a major retailer, it is still usually about 1/4 to 1/3 the cost of the total lease term. At my local on it is $4. Laundromat is only open until 5pm so can't go until the weekend which is added inconvenience. I don't know where you live - but minimum for me to use a laundromat washing machine where I go at home is $3. 80 for just washing. The best locations would be an urban location or near a college campus. Wouldn’t imagine a laundromats would do so good in touristy or wealthy neighbourhoods 11 votes, 44 comments. Setting a load running on my home machine costs 5 minutes per load. The good news is if you find an existing laundromat, the plumbing is done and that’s a very expensive start up cost it’s a cash business, you will have to verify the income the laundromat claims on their statements buy analyzing their water bills and physically counting people going in an out of the laundromat. The rest of the cycle time is usable for useful stuff. I made my prices lower than the local competition when you do the math for paid dry. our community is the best way to get help on Reddit with your questions about investing Get the Reddit app Scan this QR code to download the app now. Some of the reasons why laundromats are charging more in 2023 for a load of 3a. I have lived most of my life in Astoria minute 10 years in the Bronx. Investment joy is one and I know the owner of the channel Saturdays and Sundays would be the real money makers and the laundromats are pretty packed from 10am-8pm per Google Maps and my just driving by it on weekends. This sub will not include potential owners There are a few laundry services that are about 10-15gel for 1-2kg of washing. The place I am looking at price is $40,000. how much does it cost per wash at murano street student village? My mother in law bought a laundromat a couple years ago and it's been very successful for them. This is a friendly reminder that r/smallbusiness is a question and answer subreddit. I found one nearby but one machine per cycle self-service is $15. Hello, reddit! I live in a small apartment that does not have a washer or dryer in it. Thats a good price, last time I paid a price like that would have been maybe 2019 or so at my local, varies place to place. The main problem is probably entry cost and slow return. Factors contributing to this lower cost include When we used laundromats, the machine cost ran about 3. Compare year over year gas usage to see if you actually used more or if it was simply rates. Laundromats are Skip to main So I drive to nearby laundromats to do large loads for the same price. I was told to expect about $350 per sq ft, to included renovation, and equipment. Newbie here. S. My laundry adventures have taken me to Bright Bubble on Monroe & Meigs, Park Ave Laundromat and Dirty Laundry on S. Some businesses are still recouping excessive costs from that time period. Do not buy a laundromat as an absentee business. Level payments are disabled - I like seeing my real monthly cost without a true up month. You ask a question about starting, owning, and growing a small business and the community answers. Most stores will post their rates for this near the counter. Laundromat is listed for $224,000/- representing a 30% increase in rent if I assume the cost of the water utility hasn’t changed drastically in the last 2-3 years. Each laundromat is going to be a little different. 00, and we have had them 6 years so far. Since we moved in here, and clothes washing has either been taken across the street (at $1. A Reddit post suggests that the cost to buy a laundromat business typically ranges from $100,000 to $500,000, depending on factors such as location, size, equipment, and the condition of the facility. Definitely check you can renew the lease. It now costs $9. You can probably estimate your cost from that and then multiply by how many times a month you to laundry. No difference in the prices between the boroughs. Since the laundromat is now Closer to home, maybe you can make it so you do a load early in I had a washer and dryer in my house forever. Internet Culture (Viral) Amazing; Animals & Pets I gotta schlep my I track the monthly costs and average it out for the year to budget. I sent two bags of laundry, had it return following day. Welcome to r/Laundromats! Join us to discuss literally anything about laundromats! Are you interested in joining the laundromat industry? Already an owner/operator and have questions about how to fix your equipment or operations? Join our subreddit! No soliciting or advertising. I know it's kind of an apples and oranges comparison, especially because the time spent at a laundromat is a value factor. Choose your location with as many people in close proximity as possible. Location, good parking, Free Dry. 10/10 experience 😿 View community ranking In the Top 1% of largest communities on Reddit. I personally didn't think he was business minded enough to figure it out. I generally wash laundry twice a week and have 3 loads each time. And when I travel for a long stretch I really have no choice but to find a laundromat and do a load or 2. In Oxford England, the laundromat I went to was charging 6 pounds for a washer that was too small for a cat, and that doesn’t include the cost of The upfront costs and running of buying a machine(s) make using the laundromat cheaper than buying or even renting a machine. Welcome to r/Laundromats! Join us to discuss literally anything about laundromats! Buying one already cash flowing but older would've been easier then trying to rebuild a shit show but would've cost more. The cost is currently $2. 00. Also, Welcome to /r/orangecounty, the Reddit community for all things related to Orange County, California. His issue was never trusting other people. 25 for wash and $1 for dry. If you also need to use a commercial dryer, then the cost for these services is also about $2 to $8 , which means that the total cost I remember too clearly complaining to my boss over lunch about laundromat prices. There is a same as cash price at most RTO places. And that's just the washer. I just checked, and Iceland's rates are comparable with what we pay in Colorado, but we are a lower-cost state than most. My friend has a car wash/laundromat and added a I don't mind it. It cost my nearly ¥10000 but they pick up from my hotel. But It is usually around that price around leuven i think :( Reply Top Posts Reddit . My company uses an app, and it increases the cost by 25 cents if you say your laundry is moderately or heavily soiled, and increases the drying cost 10 cents per extra five minutes. Bring your own detergent, tho some laundromats have the little pods/capsules you can just buy there for convenience sometimes. That's it, for ten loads its 50 minutes. 25 a wash ($2. For rent, keep that cost as under 30% of gross and if it is that high, you better have really good traffic. I found some links on the internet which seems kinda accurate but it doesn't show some real stats. Open comment sort options. What costs does the owner incur that are direct inputs into the product of providing a space for people to clean laundry? From what I understand, utilities are not very expensive for Icelanders and almost everyone has one in their home. I've just never gone on a trip longer than 2 weeks so doing laundry every 5-ish days might add up. reReddit: Top posts of Having a washer/drier in your apartment is of course ideal, but having shared laundry in your building is a close second with laundromats being much worse. FYI Here are the specs: - 1600sq ft - Coin operated only - (27) Speed queen top loaders raging from 20-80lbs Year 2017 - (15) SQ Dryers 30-40lbs Year 2017 - Decent location, high traffic, good parking, around the majority of apartments, competition decent Asking Price: $200,000 Basically think if all your vending machines are in one location, however the utilities and build out costs are pretty extreme. Because the unit cost of a laundry is higher than doing it yourself or hiring a washer. Competition can be fierce. I would not want to have to walk to a laundromat and have indie scenes now, even with a granny cart. I live in Burnaby. Now you need a 2x or 4x load machine. I don't think many people using a laundromat can't afford one. OTOH my partner used to have a coworker in his 40s with newborn twins, a toddler, and another kid who was a bit older. View community ranking In the Top 5% of largest communities on Reddit. It ruined my clothing! That waste cost me money and time shopping for new clothing. In the US, and even in Canada, you get your laundry done for $2-3 usually (although on average the Canadian laundromats are a bit smaller, so a worse deal). Know what your common maintainence fees are. Indians are not big on outsourcing because there is nothing they would rather do with the time that's freed up by outsourcing. With equipment leasing, he is looking at 600/day Renters who pay for laundry -how much does yours cost? I live in an apartment complex without in unit washers and dyers in a suburban area in New Hampshire. Work out several scenarios, with different CapEx, an increase in rent, an increase in wages and utility costs, and see what each scenario does for the valuation. They cost me 1,200 each. I’m beginning the process of talking to lenders, suppliers and contractors on the cost. 50 for detergent/softener/bleach. Now we do dropoff wash and fold at the Dominican laundromat for 89 cents per pound. Doing ten Get the Reddit app Scan this QR code to download the app now. These are hidden fees that will eat you up depending on the land lord. Laundry mats will cost a lot, especially if you have kids. They use Tide detergents and have either regular Tide or Tide clear which I like since I have sensitive skin and have to use the fragrance free detergents. If you can share some insights will be awesome. $20k isn't enough capital in my opinion. totally extortionate lol It was a very cold December, so everyone's gas costs went way up. Expect to pay around 10,000 KRW to do a full load including dry. I had a small load (about 4 days of clothing) but 16 minutes in the dryer didn’t dry everything completely. So just a bit of late night scrolling at work led me to a couple of videos on how profitable laundromats are? Anybody know if they’re actually profitable/ start up costs or have any experience in running a laundromat? I’m probably not going to open one based off tik tok videos lol but just curious. lurkingghost • Additional comment actions Does it make sense to say I will deduct total laundromat fees from the next rent payment? It's £6 a cycle so will definitely add up over 2 weeks. I've been wanting to check out Hop Sing Laundromat for awhile and my husband and I are having dinner in Chinatown tonight. Say you need a triple load washer but they are all taken. It's a little smaller but has all the different sized machines. Time consuming but cost effective Reply reply Living in Thailand its a combination of using laundromats like Otteri and using one of the countless laundry services on every single road. How Much Does a Load of Laundry Cost at the Laundromat? The cost of a load of laundry at the laundromat is anywhere between $2 and $8 per load. 76/month. I do work-related stuff while I wait or take a long walk. If you have your own Tide Pods you could bring them from home if you want to save the dollar or two. Laundromats / Otteri are cheaper but you have to set the time aside. $2. For the truly nerdy, here's a link to About a week ago I used “Laundry place self service” (name on Google Maps) on Via Faenza. I've never had my clothes stolen, but using a laundromat you have to weigh the risk of leaving your stuff unattended against having to sit in a laundromat for 2 hours. How many people are you washing for? How large of a load are you needing to wash? Will you need to dry as well? Laundromats can easily vary from one location to another. 00 for a wash, $1. Put all new machines in it and have the same business for just the new machine cost and some repairs/paint instead of 400k$. Much like the city, this forum is a dusty old jewel of Puget Sound. 8x net income multiple We use a laundromat. I used a laundromat one time where someone had washed clothing with gas on them. Would that be per month or per year? Every laundromat I’ve used was more dryers than washers (wash 30 minutes – dryer 60 minutes). my laundromat uses a laundromat card. Just came back from a very slick Turkish resort where laundry was crazy expensive - paid an extra $10 USD for pick up and drop off of a decent amount of laundry (5 days worth, 2 adults, 2 kids). 2 X 10 = 20. I don't think that they are as popular here as they are in the U. €4 for wash, €1/8 minutes in the dryer. Do all laundromat in SF charge this much? There is a company called Wash&Fold that offer delivery&pick up. On longer cruises (like 12+ nights), they will frequently offer a discount on laundry service. Some say that about 30k a year other says like 100k year but no one say with how many machines, costs etc. Also if you just stepped out of a time machine from a time when washing machines cost $200 you might want to sit down when you read about the last 20 years. This is your one-stop-shop for discussions, news, events, if i remember correctly from a similar accommodation (all of them use circuit laundry) its something like £6. All jokes aside, I think I 14 votes, 32 comments. Either they live in an apartment or a house without hookups or they are washing something large and bulky. But if you're a tourist, just go for the laundry services. I'm weighing out laundromats versus a wash and fold service. I own 2 laundromats and looked into buying a car wash. You get to listen to your own music and focus on one thing. It was a drop off for the local dry cleaner and offered laundering For the most part, a laundromat can be lucrative because there is low overhead cost. utility prices, the state and age of the machines, the rent, the cost of paying someone to tend to it, and many In LA. A prime location, modern equipment, and a loyal customer base significantly enhance a laundromat's value. first one is owned buy a plumbing company, they fix and maintain the machines. It would have cost more than that if I use hotel laundry service. Transformation-Surprise Laundromat 5505 8th Ave NW, Seattle A lot of people live in apartments that were not designed with washer/dryer hookups do they must go to a laundromat. I drop off my dirty laundry in a bag between 9am and 2pm, which are the hours that an attendant is present. Hence, it is difficult to track how much revenue a laundromat takes in. We can't let reddit know that people can work things out when they actually talk to each other, it will upset the balance or something. Good laundry equipment will cost at minimum $3k new, per machine. In the long run, would it cost me less to just buy a washer and dryer (used, of course) and then pay for the electricity that they use, or to continue going to a laundromat, which Fun fact: Laundromats were used as a front for shady/illegal businesses in the past because they only deal in cash/coins. Hi all I’m checking out a laundromat on Thursday and wanted to get your thoughts. The default pricing is $3 to wash or dry, $1. I usually air dry anyway to save on cost. The dryer is $1. Pretty standard price for laundromats here. Not really. Ok, so I hate washing clothes in the laundromat, but here in Denmark, a lot of people don't have washing machines because apartments are small and old. Unfinished full basement. Reply reply More replies What you should do is find a laundromat with terrible machines where only half work and the owner can't paying the rent. Or, laundromat with cheap price in area such as richmond, haight-ashbury, pacific height, outer sunset. I usually went to a full-service laundromat because then I could drop off the clothes one day and pick them up the next, all freshly washed, dried, and folded. Can have your laundry done in a matter of hours for like, 90THB. He's pulling out about 10k per month so he's def not going to let it go for 150k. My December 2021 was actually pretty comparable with December 2020 costs. When the washer broke, I started going to the laundromat until I could buy another one. At my apartment complex in WeHo it costs what I would consider an arm and a leg: $5 a load. The How much does it cost to start a laundromat? Initial costs range from $200,000 to $500,000, encompassing purchase or leasing, renovations, equipment, and legal You can expect to pay between $200,000-$500,000 to open an average-sized laundromat. true. I regularly use the wash & fold service offered by the laundromat down the street. , and based on what we pay for laundry (28 pisos per kilo, folded), I wouldn't think it is as profitable either. It adds up quickly. Experiencing laundromats in different parts of the country has been interesting. When I was living the bachelor life-style, my apartment building had one downstairs, the machines were pretty brutal though, with one setting that destroyed your clothes; it was very handy having dryers though; especially in the winter when you could Need some advice on this laundromat purchase. every time after that you can just reload the Considering we do a few loads a week, spending less than a dollar a load makes way more sense for us than having to haul it to the laundromat and pay a couple bucks each time. So if your laundromat brings in (or is projected to With utilities, he is looking at a good 12k/month without equipment cost, so he better makes almost 15k/month to break even or 500/day. For context ay suburban residential area namin at along the highway yung mga shops, mga at least 2 mins walking distance from one another. I would recommend at least 60 The price is in line in my area so not much i can do there. Wash it with the soap or shampoo, rinse, rinse again, squeeze it out, roll out the bath towel and roll the wet laundry up in it and then walk over the rolled towel to get rid of excess water, unroll the towel and hang up the laundry to dry. Drop off/delivery laundromat will save you time, versus you doing your own laundry or waiting if machines are all in use It will then cost about 200 yen to wash and 100 yen per 30 minutes to dry. People in this sub LIVE IN THEIR CARS, I don't understand why so many people in here are so combative. Can confirm that it’s this expensive here too. All this is really depends on how long it takes to pay off. Clinton in Brighton. The cost of doing a load of laundry at home = . If I have a realllly dirty or large item, I go to a laundromat over doing them in my own washer. Does anyone have experience building a Laundromat? There should be some coin-operated laundromats as well as full-service laundromats around. Laundromats force you to pause and take a break from your life. I think something that has made the popularity of laundromats grow is the increase of people sharing flats. Laundromats have become my Big Mac index. This sub-reddit is for almost anything related to appliances. Don't forget commercial dryers have greasable bearings that should be done regularly. My variable costs (utilities & vending Time is valuable to all of us. bring a debit card and cash too just in case it’s like that. Or check it out in the app stores What’s the best laundromat in Asheville? Locked post. If you don't find anything better, I suggest Laundry Mtskheta ( ქიმწმენდა მცხეთა ), 8 Mtskheta St. ask about 3 euros/piece and they rarely clean and iron within 24 hours. If you have to work the laundromat because it’s not making enough money then it wasn’t a good purchase. We used to have a WD in unit, so free twice a week or so. As for leaving your clothes, yes you can leave the laundromat for a short while and run and go do something else, Dryers are free or priced such that they don't fully cover their operating cost, or dont make a significant profit for the owner. ft stick-built home. This is about $8 more than 2022 and $11 more than 2021. Sort by: Best. Rundown ones, like the one on Plainfield just north of Leonard, was so bad 2 of my 3 loads had to be restarted because of the washer not rinsing at all or straight up stopping mid wash. And then there is the machine maintenance, depreciation, and what not. Thugs and gangsters who own laundromat businesses would then mingle their ill-gotten gains with the legitimate revenue of the laundromat, and then claiming that all their cash was made The only aside I would make is that whilst he is after free laundromats there is a premium on lost time. Hello, Im looking to purchase a franchise re-sale Laundromat and need help with assessing the financial numbers to determine the sale price and viability of the business. Especially true during this past winter with the natural gas fiascoe going on in some areas. Have a fun conversation about anything I've had good experiences at Laundromat Express by the McDonald's on Millbrook and Glenwood (their card is 1-2 dollar deposit to obtain and you get 5 extra bucks on it when you load $20 at a time), the jumbo washer at B & B laundry east of Millbrook and Atlantic is the best cleaning I've ever seen plus there's a Honduran food truck at the gas station right next to it with great chicken. Take 20 X 12 months = 240. That and I was fairly forgetful with the laundry. If you are able to parlay time wasted at the laundromat to doing some work on a laptop, or completing phone calls, then maybe it's OK to use a laundromat. Full-service always seemed fairly cheap to me. Really depends on who you talk to. Reykjavik has a laundromat café, but also a new self-service laundromat!! It’s called Wash, and they were a godsend for us because we were there Dec 22-Jan 4 during the super cold weather that broke a lot of pipes in the south. Hopefully you have a bathtub like another comment recommended that you can wash your clothing in. The laundromat I go to has increased pricing per machine by more than €2 per and drying +€1 (€5,6 per small machine and €1/6 min of drying), obviously to be expected with energy prices etc but it still adds up quickly. Dito sa amin ay may 3 laundromats at lumipat kami dun sa pinakahuling nag-open kasi less tao. 00 for wash and dry. 20 if you want to do both wash and dry, and £3. It is not cheap, but most convenient and more cost effective than the hotel laundry service. 00 a load, plus 15 cents for detergent and additives. Some spend all day talking about how gritty it is, others simply think this is where trucks were invented but Tacoma is a beautiful city filled with A subreddit for Millennials also known as Generation Y. You can put a gum ball machine in there, a video game, a I was doing due diligence to buy a laundromat and it didn't go through cause we couldn't agree on price. The increase in rent drops the net profit estimation to around $40,000/- annually. Laundry in my building isn't coin, it's card, but to wash costs $2. For now, I am washing my clothes at my boyfriend's house, and at laundromats. And as you wait, you can either watch other people, or do something completely frivolous, while a machine (or three) does something completely non-frivolous in a fraction of the time it would take you to do at home. But then again, it's impossible to do a proper valuation based on the data provided. Hey all! I'm looking to see how much everyone pays for a laundry service where they come and pick up your laundry, wash and This is probably a long shot but does anyone have any recommendations for an affordable laundromat in or around the boston area? There are shared laundry facilities in my apartment complex but my property manager just upped the price to $3 per load (each, for the washer and dryer) and my boyfriend and I are consistently spending a ridiculous amount to do our laundry. I found a lot of guides over the internet about How much money you can make with a laundromat. I'm Trying to find best laundromat for lowest price, my apartment’s laundry is starting to cost too much. Some laundromats have a wash-dry-fold service. You definitely have to go at least once a day sometimes more. Washing machines only cost $400 for a cheap small top loader or $500 for a front loader, say you do two loads a week $8, taking into account of electricity the top loader pays for it self in 15 months the front loader about 18 months. To put it short, it's not bullshit, but commercial-grade ozone cleaning may be hit-or-miss and will need time to develop. Doing some searching here on Reddit I keep seeing that a laundromat makes about 20% net of its sale price. You probably have 1-2 employees, maybe a few people in case they don’t show up and pay them like $10-$15/hr. 75 or something close. I do prefer packing light as well. You can send your stuff away and they will do it (for a cost). Highway robbery The dryers DO work well though, and if you turn the temp to high, a large load will be dry in an hour. It sets a bad precedent. If you also need to use a commercial dryer, then the cost for these r/laundromatowners: Current or Former Laundromat Owners Only. 21 votes, 25 comments. New Sold them for an outrageous price as a "turn-key business", with an enormous premium over the cost of a low-rent I used a laundromat twice when I was recently in Paris. He conversationally mused that he should charge his tenants more because he had no idea in At home, the cost per load of laundry is approximately $1. The cost of a washer and dryer set when googled was somewhere between 900 dollars and infinity, with the average being about 1000 dollars for the pair. If you can find a dead or dying location and create Value after buying it thins is probably the lowest capital entry into the industry, obviously there are a ton of variables. We bought new machine recently anyway and now have washer and dryer but still only use if its too wet or humid to dry clothes efficiently and use it with the free 3 hrs of power $3. My current fav is Dirty Laundry. Or check it out in the app stores     TOPICS. Total price including logistics was Yep. I’d also look at pet grooming. Ozone does reduce the microbe count for multiple types of pathogens, but there are factors such as saturation of ozone in the water, temperature of operation, and efficacy of device in general. Ozone(O3) breaks down clothing just as oxygen(O2) does so it takes high exposure for weeks or months to see a differance. More often, whether available, express service costs even Hotels can probably clean at a hefty cost. He would take his family's laundry and literally stay at a 24 hour laundromat overnight (legit, 9 hours). first time went to a laundromat a week ago and looking at people come and go. 00) with a minimum of 10lbs (or similar). Or check it out in the app stores I just can't imagine laundromats being that expensive or that inconvenient to justify spending $100 per t-shirt. Beyond cost and convenience, the most important thing is for sure time. It just got to be too much with out enough financial reward. Doing a single load at the laundromat costs about 50 minutes. 50-2. Google tells me the average laundromat cost in the US is now $3 per load, so the savings Personally, If you’re below market rent, I would not push it for a small(er) expense like temporary laundromat fees. And if you think about it, the owner of the laundromat probably doesn’t want No. 25 for additional drying time. I’m tempted to start going to the laundromat to save some money. The cost of a load of laundry at the laundromat is anywhere between $2 and $8 per load. 37, making it a budget-friendly option compared to using a laundromat. Just wondering what the norm is. So, I saw an old building in an amazing location that would be perfect for a Laundromat. I gotta find a I am located in Maryland, USA. 25 base cost to dry. While my washer was broken the only laundry mat within 45 mins of me cost $8 a load. Three years ago when I was living in Culver City I was paying $1. OoOOo, maybe if Reddit is ok with it; I"ll name my laundromat "Reddit" and then arrange for the TV screen to display whatever is on the front page! Share Add a Comment. It's usually a cost per pound (usually $1. We do ten loads a month at a cost of two dollars per load. From what I have researched, the valuation is typically a multiple of the cash flow or SDE and ranges from say 3 to 5 pending factors such as age of the machines, lease terms etc. Your costs can vary from one location to another. Eventually it will get to the point where people will be at home washing shit by hand like back in the day Yep, as others have said, coin laundries are still pretty common here; especially out in the more residential areas of the cities. If I have a few laundromats to choose from, the I'll probably use hotel laundry services rather than laundromats - costs more, but my time in each location is very limited. New comments cannot be posted. You could call this an opportunity cost on time. I have never found laundromats cost effective. This price would generally be over the course of 4 months It gives you a glimpse into a nitty gritty part of other people's lives - how they do laundry and pass the time while it's being done. It’s amazing to me that enough people live in places without laundry access to keep a laundromat still in business. It was very clean, in a decent area. Price is 100 bhat per kg, and you can usually pick it up Perhaps, but their per-load cost is much smaller than a laundromat. I wouldn't go back. Reddit's news We liked park ave laundromat - its close to bright bubble and has options for food around if you are killing time Reply reply Top 2% Rank by size My local laundromat near GGP. At least where we live, most people own their own washer/dryer, so they're generally only using a laundromat to wash the shit they don't want to put in their own Hi, I am trying to understand the valuation of laundromats for sale. 00 a load for a normal machine, $7 dollars for one that does a double load (so blankets etc). If you wanna add on and expand to wash and fold, delivery service. If you hire someone to manage the place you will cut into profits severely, employees will not care about I recently moved to a complex without in unit, and it’s super small and only one machine, and it costs $2. Any recommendations for a nearby laundromat or someone who can collect and drop off laundry? I live near the Exchange building. (I don't know what the coin-operated laundromats cost, or how much business they get. My dad almost bought a laundromat until he was warned off of it. Also a laundromat in Mumbai will be geared towards the upper middle class who have washing machines. Google search for a local, highly reviewed laundromat. How much does the on-campus laundromat cost per load? comment sorted by Best Top New Controversial Q&A Add a Comment. :) Reply reply -NotEnoughMinerals • If you need help or suggestions for where to live, let me know. He'd love to get someone in there to run it but not enough $$$ to go around. Even at the laundromats in the worst parts of town, the costs are this high. Talk to the landlord and have them rent the space to you. 50 for drying, and $0. The company decided to A good laundromat grade washing machine cost around 40k brand new. So I figure I’d gross $120 a week, and net $96 after the laundromat’s cut. The running costs at home will be cheaper than a laundromat. I get it now. I like the laundromat - I'm single, do one big load a week, costs $3. Idk if ill be in the same house in 12 months time, the next house may or may not have whiteware included, and Probably because inconsiderate customers would likely leave the laundromat facility and not come back to pick up their clothes (and make the dryer available) right away. Interesting. Laundromats, from what I’ve read, have pretty good cap rates anywhere from 20-30% (if someone here knows better, please let me know!). But, depending on how often you wash/dry, it may take many years to make back the initial outlay to buy the washer and dryer. Plumbers wife is a bookkeeper, she ran her bookkeeping business out of the laundromat, so minimal staff was required. 75 to wash an 'average' sized load, Hung out to dry) at least twice a week or hand washed (which seems to use a lot compared to an actual washer). 75 normal load + 25¢ heavy load + 25¢ extra rinse) I don’t focus on cost as much as upkeep of the laundromat. There are also some perks for different loyalty levels (free pressed item to free bag of laundry). Best. The owner was an owner operator and he told me that you don't get rich owning laundromats. Get the Reddit app Scan this QR code to download the app now. What the business does is setup and open the Laundromat and then at a certain point, sell it to a Franchisee. I wash it in the sink. From what I can find, the answer isn't a straight bullshit/not bullshit. So it's more like sharing their potato chips vs buying you dinner. Usually takes about 10 seconds for the hot water to reach the machine due to the size of the place but it gets hot and haven’t had any complaints. All of the ships have laundromats on most passenger decks. Laundromat costs a lot more than that. I can tell you exactly why the prior owner is selling - they're being robbed blind. I think laundromats generally do better in lower socio economic neighbourhoods where they need them. If I have one complaint it’s that it can be really messy sometimes. In some instances, it might be better to seller finance on a 1-1. 2900 sq. Electric costs ranges based on time of use, but given an average load of 1-2 kwh energy usage, that's another $1 in electrical costs alone if you're using it during peak hours of 3pm-12pm. My 2023 average monthly cost was: $134. 00 for ten minutes -it usually takes 4 x $1 to get things like towels dry. Laundrymats isnt a thing in Sweden, we have shared washing mashines available for apartment renters/owners included in cost. In this article we will break down the reasons why laundromat prices have changed over the years. We use ozone for restoring clothing from fires and other natural disasters. That is a killer price. At least for this inconvenience, you’ll have a modern machine that should have a healthy life before any repairs are * Vending costs $225 *Net income - $1,369. Welcome to r/Tacoma, The Subreddit of Destiny. 65* For the month of July, we're already well past the daily average rate by about 40% on washer/dryer sales then another 20% up on vending sales. It’s conveniently located and I barely notice the cost. I think buying one that’s already set up in a good location with sound financials is probably a safer bet. 25 base cost to wash, $2. You have to get front loading washers, toploading are too inefficient. I’m not driving an extra 10 minutes for a better laundromat. Price is reasonable - $2 per lb with a minimum of 10lbs. The only places I’ve seen 24-hour laundromats have zero staffing most of the time, which isn’t feasible in areas of Seattle with unmet demand for 24/hour laundromats due to crime. ) Depends. In my experience and others around me, sometimes it is easier to go to the laundromat than doing your washing at home when you are sharing a washer with 4 other people that are not your personal circle. However, you'll pay a lot more (and get a much smaller container) than if you buy someplace like Target or at your local grocery store. 75 a load. they’ll have a machine and you insert your debit card to the machine, choose how much to load onto the laundry card, and then it will give you a new laundry card to use at the washers & dryers. Understanding Laundromat Price Increases . We are the largest demographic that were born from 1981 to 1996. If not that is your first problem. At home our washer costs me about 40 cents in electricity, and the dryer costs me maybe 30 cents in gas if i use it. It was just a tiny bit more than I pay at laundromats near home. The house my mom and I live in seems to have a hookup for a washer, but at the moment there isn't one in the house. Rent and utilities are the big two expenses unless you're outsourcing your maintenance, in which case that'll cost a ton. Both machines cost us 350. Mine doesn't use coins, it has a refillable Does every laundromat have the option to buy soap there or will I need to bring it with me? I've never been to a laundromat that doesn't sell soap. How much does it cost to start a laundromat? Initial costs range Our community has 2 successful laundromats. Edit: google on tvättomat and there are some options, mostly about chemical wash I know in the UK (and other EU countries) dryers aren't used because the electric cost is so high. I used the service for a few years and found the extra cost well worth it. It just would have been split up into payments of $6 instead of $30. linen service etc then I suppose you could ‘work’ for a longer period of Generally in hotel laundromats you can expect 500-2,000 KRW for the detergent (generally from a vending machine) and 3,000-5,000 KRW for wash (same price for dry). Top. I wasn't as smart with bringing temps down at night in 2020, and so I actually managed to keep costs flat in 2021. If the Rent to own is slightly cheaper at say $80 a month then well OP is saving $10 a month off the bat plus the travel costs and time wasted waiting at the laundry. Commercial-grade washers and dryers alone can cost $2,000. Logically, even if you’d done laundry every week the cost would have been the same. 60 where I live. Op is paying $90 a month, plus time, travel and hassle to do laundry at a laundromat. I would drop off my week's worth of laundry and for $12 it would be all clean and folded with all my shirts on hangers and covered in plastic like at the dry cleaners. The friendlier part of Reddit. My first reason to choose one would be location. . 20% of that would be $8000. NO business promotion, blog spam, rants, lead generation, success stories, unsolicited instructional texts, treatise, or how-to's are permitted in posts. What is your opinion on the price of on-campus laundry? I'm working on a (not in-class) project regarding laundry and would love some preliminary data. She’s trying her best and I would say don’t potentially sour any good relationship you may have. If you bring in someone review the mix. Unless the entire setup is credit card based with no cash (unusual) the first way the absentee owner is being robbed is through cash skimming. I owned for about 4 years. Some ships have had free laundry due to challenges with the Medallion changeover or being their inaugural year. Nobody was consulted before it was ordered, no attempt was made to get one sooner. It would take 5-10 min to go there, 5-10 min to come back. Second, price. Pero in due time ay dumami din yung kasabayan naming nakikilaba, even on weekdays. Get the Reddit app Scan this QR code to download the app now I in my early 20 have some money saved and trying to do something except my 8-4 job. This is the info I have so far: $800k sales price business only with lease Gross income: $10k weekly Monthly net: $15k Annual net: $180k Loan servicing: assuming 5% w/30 year amortization $3500 (is this typicaly?) Net after loan servicing $138,000 Wash and fold is where the money is. Ask him what the utility costs are before you do your due diligence and then call the utility companies. 95 and to dry costs $2. Never go into a lease with the intention of going full term. Hello everyone. This sub-reddit is an english language friendly discussion forum focusing on life for living in Bangkok, as well as any other Bangkok related content. 00 to wash a single, normal load of laundry, excluding drying at my local laundromat. (or 1980 to 2000 in the absolute loosest definition). I haven't seen any self-service. Break even would be 4 months if the numbers work out, I am keeping them as conservative as I can. I'm just looking to get a general idea of how much a solo adult can expect to spend at a laundromat because I haven't used one since college! Thanks, y'all. Based on some quick calculations, the business's ask price seems on the high side. They wouldn’t make enough to cover the cost of staying open at red-state wages, either. Built in 1986. ufufb efqpw iim gpf lnlpte abxal ouhc jyb icjokvv ktwt