by Wally Makowsky | Apr 1, 2016 | Wash With Wally
My rent payment is killing me. Is there some type of calculation as to what percentage of gross the rent should be? Ideally, your rent should be between 15 percent and 25 percent of your gross volume. When you venture into that 25 percent range, have debt service on...
by Wally Makowsky | Feb 25, 2016 | Wash With Wally
My wash-dry-fold and commercial laundry businesses are going very well and my attendants are busy all day. However, I recently landed a contract with a security company to do their shirts. This client wants the shirts washed and ironed. Unfortunately, I’ve been...
by Wally Makowsky | Jan 27, 2016 | Wash With Wally
We’ve owned our small laundry in northern Minnesota for just over a year now. Recently, I noticed a slight musty odor in our store, so I crawled into our laundry wash pit to clean it out. Not only did I find a bucket full of dirt, sand, hair and lint (along with...
by Wally Makowsky | Dec 22, 2015 | Wash With Wally
I’m toying with the idea of opening a store that caters strictly to drop-off laundry customers, with no self-service business at all. The location I’m considering is densely populated, with residents in the upper-middle income range. What do you think? The...
by Wally Makowsky | Nov 24, 2015 | Wash With Wally
I bought a laundromat a few months ago, and I have been seeing the wash-dry-fold business decrease every month. I’ve taken my own clothes to my store to have them washed with our drop-off service, and the clothes came out smelling quite bad – to the point...