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3. - The Mechanics of Raising Commercial Laundry Prices
February 18, 2011 - From my previous articles, Is Now the Time to Increase Your Vend Prices , hopefully you realize that you need to bring your commercial laundry vend prices into line with what is a fair and reasonable profit. But how high should I raise my vend prices? How much for each machine? Should I...
2. - Preparing to Raise your Laundromat Vend Prices
February 17, 2011 - In a previous article, Is Now the Time to Increase Your Vend Prices , I showed that from 1997 to 2010 that the average washer vend prices kept ahead of inflation but fell behind to the cost of Natural Gas. I also stated that we should be using the Laundromat's cost of Utilities as the basis...
1. - Is Now the Time to Increase Your Vend Prices?
January 28, 2011 - Before you answer this question, let me ask you some leading questions. Why did you get in to the Laundromat business? (To make money) How much money did you invest? (A lot of money in present day dollars) What was your expected rate of return (ROI) on your initial Laundromat...
Evolutionary Changes in the Vended Laundry Industry
December 02, 2010 - Evolutional Changes in the Coin Laundry Industry As someone who has been in the coin laundry industry as long as myself (over 30 years) you start to witness different changes and trends within the industry. I currently recognize a significant trend and witness its evolution...
A Laundromat Owner's personal Battle with cancer
October 18, 2010 - Nancy Sousa and the Town Line Laundromat in Rocky Hill, Connecticut are celebrating “Breast Cancer Awareness” month. Nancy Sousa is a breast cancer survivor and is also just opened the Town Line Laundromat. Nancy has been battled cancer since 1994 and takes this battle very...
Five Important Numbers in Evaluating Laundromats
The financial health of any business is revealed by financial statements, both income & balance sheets as prepared by your accountant. The financial health of any Laundromat can be expressed with five sets of numbers. There are five sets of numbers that you should know cold for each of your...
Proper sorting of laundry can provide significant savings in: time, energy, water, chemicals, productivity and money. Now is a good time to evaluate and review your present laundry sorting procedures. Do you Pre-Sort or Post-Sort your laundry and which is better? Post-sorting is when all the...
To Increase Your Vend Price (or Not)
August 31, 2008 - This is one of the most frequently asked questions I get these days. It's a big question and the answer will become clear to you by the end of this article. But before I answer this question for my coin laundry stores, let me ask you some questions: Why did you get in to the Laundromat...
September 28, 2006 - HK Laundry Equipment Inc. of Armonk, New York celebrates their 40th year in business. HK is planning their 40th anniversary and celebration on Wednesday, April 18 in the Wellesley Inn in Armonk, NY. HK is proud and excited to be celebrating our 40 years in the laundry equipment business with our...
