Laundry Money Podcast Show Notes

#5: Laundromat Business Costs Beyond Washers and Dryers

Written by Laundry Money Podcast | Jun 26, 2020 4:44:16 PM

  • Intro
  • [0:30] Laundry Money
  • [0:38] Max Branstetter, Hippo Direct, Wild Business Growth Podcast
  • [0:44] Howard Shear, Rex Anderson, Lakeside Laundry Equipment
  • Laundromat Business Costs Beyond Washers and Dryers
  • [1:35] How much time commitment is owning and operating a laundromat business?
  • [2:02] Camera systems
  • [2:49] How much of a laundromat business can be automated and operated remotely?
  • [3:08] ESD system, Maytag machines
  • [4:05] Real-time fault codes
  • [4:56] What are the biggest overhead costs in a laundromat business?
  • [5:07] Human capital
  • [5:26] Utilities, Gas, Water, Electricity
  • [5:53] Should I make my laundromat business attended or unattended?
  • [6:16] Laundromat Attendant
  • [6:29] POS System (Point of Sale)
  • [7:01] Electronic Monitoring System
  • [7:15] Partial Laundromat Attendant
  • [7:34] What other overhead costs should you consider in a laundromat business?
  • [7:42] Service costs
  • [7:51] Revenue
  • [8:02] Depreciation, Parts warranty
  • [8:14] Maytag and Fagor machines
  • [8:44] Distributor with service schools
  • [9:04] Reader, Dump valve
  • [9:34] What is the most common problem with laundry machines?
  • [9:53] Preventive maintenance
  • [10:04] Dryer vents, Dryer lint catches
  • [11:56] How much flexibility do you have in operating your laundromat business?
  • [12:23] Coin box, Changer
  • [12:59] How do you maximize cash flow in your laundromat business?
  • Outro
  • [13:31] Bring your laundromat business to life by visiting LakesideLaundry.com/Podcast and filling out the form
  • Theme Song: Rock Your Life – Abydos Music – provided by Jamendo
  • The numbers discussed in this podcast are based upon estimates and may vary from location to location. Past performances are no guarantee on future estimates, but are used as a guideline
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