{"id":10630,"date":"2021-11-08T10:38:04","date_gmt":"2021-11-08T16:38:04","guid":{"rendered":"https:\/\/planetlaundry.com\/?p=10630"},"modified":"2021-11-08T10:43:34","modified_gmt":"2021-11-08T16:43:34","slug":"business-bio-laundry-24-24-fitness","status":"publish","type":"post","link":"https:\/\/planetlaundry.com\/business-bio-laundry-24-24-fitness\/","title":{"rendered":"Business Bio: Laundry 24 \/ 24 Fitness"},"content":{"rendered":"

Bryan J. Donegan<\/strong>
\nLaundry 24 \/ 24 Fitness<\/strong>
\nEvans Mills, N.Y.<\/strong><\/p>\n

Before Getting into the Laundry Business\u2026<\/strong><\/p>\n

\u201cI started out in the U.S. Marine Corps as an intelligence specialist with the 1st Battalion 9th Marines, including one tour in Afghanistan,\u201d Donegan said. \u201cAfter my discharge, I got into commercial land development and real estate with my family in northern and central New York. In my spare time, I\u2019m a volunteer interior firefighter and the captain of the fire department\u2019s dive rescue team.\u201d<\/p>\n

Store Opening<\/strong><\/p>\n

May 2021<\/p>\n

Business Hours<\/strong><\/p>\n

The laundromat is open 24 hours.<\/p>\n

Staff<\/strong><\/p>\n

Two part-time attendants<\/p>\n

Total Square Footage<\/strong><\/p>\n

3,100 square feet for the laundromat, and another 5,800 square feet for the adjacent fitness center<\/p>\n

Parking Availability<\/strong><\/p>\n

There are 157 total parking spaces. The facility is part of a combined parcel next to Donegan\u2019s four-suite commercial plaza, with the fitness center in same building as the laundromat.<\/p>\n

Lease or Own?<\/strong><\/p>\n

Donegan owns the building and the property.<\/p>\n

The Renovation<\/strong><\/p>\n

The location had been a 9,100-square-foot standard stock Dollar General location. The renovation process took about six months.<\/p>\n

The Pandemic\u2019s Impact<\/strong><\/p>\n

\u201cCOVID-19 impacted this project entirely, in almost every single detail and aspect,\u201d Donegan explained. \u201cI was planning this business before the pandemic, and I had to re-attack every detail \u2013 construction, store design, business model and plan, employment, SOPs, SOGs, and so on. It was one of the most difficult challenges I\u2019ve ever faced.\u201d<\/p>\n

Is There Anything You’d Do Differently?<\/strong><\/p>\n

\u201cWith regard to the development of this business and facility, I would\u2019ve reused less materials from original Dollar General store,\u201d Donegan noted. \u201cI didn\u2019t reuse a lot, but I definitely regret reusing the metal roof more than anything.<\/p>\n

\u201cAlso, I wouldn\u2019t undertake such a project again during a global health crisis, or during a labor and materials shortage. That made everything 1,000 times more difficult and stressful than it needed to be. However, as the saying goes: \u2018God put some of the most rewarding and serene experiences on the other side of risk and fear.\u2019\u201d<\/p>\n

Turns Per Day<\/strong><\/p>\n

1.7 turns per day on 65 machines<\/p>\n

Utility Costs<\/strong><\/p>\n

The store\u2019s utility costs currently represent approximately 11 percent of the business\u2019 gross sales.<\/p>\n

Marketplace Demographics<\/strong><\/p>\n

Within a five-mile radius of Laundry 24, the population is nearly 27,000, with 8,384 households. The median household income for the marketplace is just below $44,000 annually.<\/p>\n

Competition<\/strong><\/p>\n

\u201cThere is a laundromat one village over, and two stores on the north side of the neighboring city,\u201d Donegan said. \u201cBut, along the main drag that heads into the U.S. Army base at Fort Drum, this is the only laundromat, as well as the only gym.\u201d<\/p>\n

Payment Options<\/strong><\/p>\n

Quarters, dollar coins and the Speed Queen Quantum Touch payment system<\/p>\n

Washers and Dryers<\/strong><\/p>\n

8 Speed Queen Quantum Touch 20-pound frontloaders, $3.00
\n7 Speed Queen Quantum Touch 30-pound frontloaders, $5.00
\n7 Speed Queen Quantum Touch 40-pound frontloaders, $7.00
\n6 Speed Queen Quantum Touch 60-pound frontloaders, $9.00
\n6 Speed Queen Quantum Touch 80-pound frontloaders, $12.00
\n26 Speed Queen Quantum Touch 45-pound stack dryers, 50 cents to start, and 25 cents for every additional five minutes
\n4 Speed Queen Quantum Touch 75-pound dryers, $1.00 to start, and 25 cents for every additional five minutes<\/p>\n

Water Heating Systems<\/strong><\/p>\n

\u2022 Hamilton Engineering water heating system for the laundromat
\n\u2022 Navien tankless water heating system for the fitness center showers and mop sink<\/p>\n

Bill Changer<\/strong><\/p>\n

1 Standard Change-Makers double-slot bill exchanger<\/p>\n

Laundry Carts<\/strong><\/p>\n

12 R&B Wire Products laundry carts<\/p>\n

Folding Tables<\/strong><\/p>\n

7 High Mark Manufacturing folding tables<\/p>\n

Flooring<\/strong><\/p>\n

Laminate mock wood flooring<\/p>\n

Lighting<\/strong><\/p>\n

LED bulbs<\/p>\n

Detergent Vending<\/strong><\/p>\n

1 Vend-Rite Manufacturing eight-slot, single-box, wall-mounted vending machine
\n1 Wittern Model 3573, offering 10-ounce soap containers and single-serve boxes<\/p>\n

Beverage and Snack Vending<\/strong><\/p>\n

1 Wittern Model 3589 combination vending machine<\/p>\n

Televisions<\/strong><\/p>\n

3 55-inch televisions
\n13 40-inch televisions
\n4 55-inch televisions in the gym<\/p>\n

Children\u2019s Area<\/strong><\/p>\n

The corner of the store\u2019s lounge area features a bookshelf dedicated to children\u2019s books, as well as a table and chairs just for kids.<\/p>\n

Additional Amenities<\/strong><\/p>\n