Are You Making a Profit on Your WDF Service? How much? Follow along as Dave & Carla Menz explain how to calculate your costs for a pound of laundry processed, share their actual costs, and teach you how to determine what you should be charging in your market. Grab that notepad and a calculator, you’re definitely going to want to take some notes on this one!
Referenced Links:
• Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching
Our Website: www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: www.queencitylaundry.com
Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery
Cents Payment Software: www.trycents.com
Timestamps
00:00 Laundromat Millionaire Intro
01:53 Some Ground Rules for the Discussion
08:44 Creating a Sample for the Averages
14:44 Cost Categories & Our Actual Numbers
15:00 Labor & Bonus Cost per Pound
20:09 Why Give Bonuses
23:00 Credit Card Cost per Pound
23:39 Utilities Cost per Pound
26:35 Machine Maintenance Cost per Pound
27:12 Packaging & Supplies Cost per Pound
28:24 Determining Your Price Based on the Profit Margin You Want
32:29 What About “Free Labor”?
36:32 Our Costs By Percentage
37:26 When to Raise Prices
39:08 Closing Remarks