Pricing Your Wash-Dry-Fold Laundry Service with Dave & Carla Menz

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:

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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

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