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{"id":10500,"date":"2021-09-22T15:02:58","date_gmt":"2021-09-22T20:02:58","guid":{"rendered":"https:\/\/planetlaundry.com\/?p=10500"},"modified":"2021-09-22T15:02:58","modified_gmt":"2021-09-22T20:02:58","slug":"free-equipment-for-your-laundromat","status":"publish","type":"post","link":"https:\/\/planetlaundry.com\/free-equipment-for-your-laundromat\/","title":{"rendered":"Free Equipment for Your Laundromat!"},"content":{"rendered":"

Well, Not Quite\u2026 But Here\u2019s a Not-So-Secret Formula That Will Make It Almost Seem Like Those New Washers and Dryers Came Free of Charge<\/h2>\n

What if I told you I had the secret to getting brand new commercial washers and dryers for your laundromat? Would you be interested?<\/p>\n

Yeah, I thought so.<\/p>\n

No, it\u2019s not a get-rich-quick scam. It\u2019s just smart business, so stay with me.<\/p>\n

Of all the crazy things I\u2019ve come across with regard to laundromat ownership, nothing takes the cake like hearing an owner say, \u201cI can\u2019t afford to buy new laundry equipment.\u201d<\/p>\n

The reason why new equipment will pay for itself is actually fairly simple and straight forward. In today\u2019s day and age, brand spanking new commercial laundry equipment nearly always pays for itself. However, way too many owners aren\u2019t aware of this fact, or simply don\u2019t believe it. Instead, they continue downloading how-to videos on YouTube to keep their 25- to 30-year-old washers turning.<\/p>\n

Wait! Before you run away, please understand that I have nothing to sell, and I get nothing out of writing this. Simply put, it\u2019s part of my obsessive mission to help raise up our industry. If you read to the end of this article, with an open mind, it could change your laundromat business, your bank account\u2026 and your life!<\/p>\n

When I entered this industry in 2010, I started with virtually no capital. We\u2019ve built our laundromat portfolio by borrowing, investing, growing, reinvesting, sweat equity\u2026 and then more reinvesting. I estimate that I\u2019ve easily spent a few million dollars on commercial laundry equipment for my four stores since getting into the business. I\u2019ve also had the pleasure of meeting hundreds \u2013 if not thousands \u2013 of other laundromat owners along the way, and what I\u2019ve learned is rather astounding.<\/p>\n

The operators with old equipment, struggling businesses and little to no income believe they \u201ccan\u2019t afford\u201d new equipment. They just scrape by \u2013 fixing their old machines and occasionally buying a few used pieces here and there.<\/p>\n

Conversely, the store owners at the top of the industry don\u2019t hesitate to invest in new equipment whenever it\u2019s needed, because they know it\u2019ll pay for itself. Whether they pay cash or use leverage is completely irrelevant. (For the sake of this column, let\u2019s assume you don\u2019t have enough cash and will require financing.)<\/p>\n

First, a few caveats:<\/p>\n