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Archive for the ‘Laundromat’ Category

Payback in the year 2013

By: TRistaino, 5/20/13

The payback period for investing in new equipment is a simple calculation. Take the purchase price of the unit divide it by the expected annual savings. The result will tell you how many years it will take to get your investment back. Most businesses want the number to be in the area of 3 to …

Time to sell my laundromat

By: TRistaino, 4/20/13

You have owned a laundromat for a certain period of time and now you want  to sell it. Maybe you are near retirement. Maybe you no longer have a passion for the business. Maybe you have attained the goal you had when you first bought. There are many reasons people sell. Assuming you are not selling due …

Defining “Long Term Relationships”

By: JJones, 3/22/13

“We form long term relationships with customers to help them manage profitable and environmentally friendly laundries.” This is the mission of Yankee. This past weekend at Yankee’s 35th Annual Vended Laundry Trade Show this Mission was defined by the site of many familiar faces in attendance. None more so than John and Bonnie Demars of the Village Wash Tub in …

Gerry Guertin Name #1 Salesperson by Set-O-Matic/Spyderwash

By: JJones, 3/22/13

Gerry Guertin, Yankee Sales Representative covering Maine, New Hampshire and Vermont has been actively promoting new technologies in the Vended Laundry Market. Gerry has taken part in converting 9 Coin Laundries this past year from accepting only coins to allowing for Credit/Debit Cards, Loyalty Cards, and Coin payment using the Spyderwash payment system. We congratulate …

Planned Maintenance on High Efficiency Water Heaters

By: TRistaino, 3/19/13

A high efficiency water heater does not have a lot of moving parts. Nonetheless, it does require periodic maintenance to operate properly and avoid a costly, catastrophic failure. Depending on the brand purchased different items may need to be checked. However, it is a safe bet that basic steps like inspecting intake and exhaust screens …

The Benefits of Strategic Equipment Replacement

By: TRistaino, 2/23/13

There is a popular saying that goes ” If you don’t know where you are going, any road will take you there.” This saying applies to many aspects of our lives, especially our business lives. As managers, owners, directors of businesses what is our roadmap to success? Where are we going? How will we get …

I agreed to this ?

By: TRistaino, 2/08/13

Every so often a customer wants to upgrade their equipment but can’t because of a clause in their lease or financing documents or other contracts. Some common clauses that catch people by surprise are automatic renewals in multi-housing contracts, renewal options on real estate leases, or blanket liens on new equipment by lending institutions. Automatic renewals …

Stocking Parts

By: TRistaino, 1/18/13

Years ago it was common for all laundry and dry cleaning operators to stock a good amount of repair parts at their location. Laundromats, hotels, skilled nursing care centers, commercial laundries, all had parts on their shelves.  It was relatively cheap insurance. Since UPS took 2 to 4 days depending on the distance travelled and …

Equipment Rental Anyone?

By: TRistaino, 1/12/13

Traditionally, capital equipment has either been purchased with cash either from operations  or financed or leased for a specific period of time with some type of pre determined buyout at the end of the lease. With capital budgets under some stress lately in certain sectors of the economy ( municipalities come to mind ) rental is …

Used Equipment

By: TRistaino, 12/11/12

Given the state of the economy the last few years the popularity of laundry owners and managers considering the purchase of used equipment has risen dramatically. Not a week goes by without at least one inquiry for a used piece. The interest is industry wide. Laundromats, Hotels, Skilled Nursing Facilities, Commercial Laundries are all calling. …