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!
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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