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
