Archive for the ‘On Premise Laundry’ Category
Payback in the year 2013
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 5 years. Up until mid 2008 the payback on a gas fired appliance was very fast with natural gas trading at an all time high. So dryers and water heaters were popular purchases. However gas now trades for less than half of the 2008 high water mark. As a result, payback on those items is quite a bit longer than before. Labor by and large has been stable during that time due to the Great Recession. What has not decreased or been stable in that time frame is water and sewer costs. Government regulations and local municipalities have caused the rates on both of these items to increase sharply. So, if confronted with a few purchase options this year we suggest you start with your washers as a way to decrease costs and be Green at the same time. Times have indeed changed.
Planned Maintenance on High Efficiency Water Heaters
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
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 …
Stocking Parts
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?
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
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. …
Giving Thanks
In 2000 I began riding in the Pan Mass Challenge which is a 190 mile two day cycling event to raise money for Dana Farber Cancer Institute. Each rider solicits donations from family, friends, and colleagues. Our team captain at that time made it clear that a key element of fund raising was to thank …
No Money Down Financing
In an effort to get you the money needed to replace equipment easily and cost effectively. Yankee is Offering No Money Down 3 Month Deferred Financing for Qualified Customers through Direct Capital. No Down Payment No Upfront Costs Buy Now Pay Later $99/mo For 3 Months Get Started Today: https://www.directcapital.com/promo/nomoneydown Disclaimer: Offer applies …
Controlling Lint in your Laundry Part II
In part one we discussed the origin of lint, its impact on machine performance, and how to control it in your equipment. Now lets look at the lint that somehow escapes your lint screen and gets into your duct work, your laundry, and outside. We now know lint screens are not meant to capture 100% …
Controlling Dryer Lint in Your Laundry Part 1
If you manage any type of laundry lint is an everyday fact of life. Washers create lint. Dryers create lint. Most washer lint is discharged during the rinse cycles. If a lint interceptor has been installed in your laundry most lint washer lint will collect there. The lint interceptor will require periodic cleaning. Some washer …
What are you counting?
Counting and keeping track of key elements of your business are key elements in a well run business. Sports teams and large corporations count and track numerous components of their respective industries. Batting averages, earned run averages, goals against averages, unforced errors are key statistics in various sports. Pounds of waste per unit produced, accidents …
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