Before Getting into the Laundry Business\u2026<\/strong><\/p>\nFor 20 years, Hinkel was the public relations director for the Rochester Red Wings, a Minor League Baseball team and the Triple-A affiliate of the Washington Nationals.<\/p>\n
Store Opening<\/strong><\/p>\nHinkel purchased Laundry Depot in May 2016.<\/p>\n
Business Hours<\/strong><\/p>\n7:00 a.m. to 9:00 p.m. daily<\/p>\n
Staff<\/strong><\/p>\nOne full-time employee and one part-time attendant<\/p>\n
Employee Retention Strategies<\/strong><\/p>\n\u201cWe\u2019ve built a pay structure that allows the employees to enjoy the benefits of the company\u2019s growth,\u201d Hinkel explained. \u201cAs I make more money, they make more money. The pay structure includes a 401(k) plan with a 4 percent company match, profit sharing, healthy wash-dry-fold commissions, monthly bonuses and hourly wages.\u201d<\/p>\n
Total Square Footage<\/strong><\/p>\n2,300 square feet<\/p>\n
Parking Availability<\/strong><\/p>\n15 parking spaces<\/p>\n
Lease or Own?<\/strong><\/p>\nHinkel owns the building.<\/p>\n
The Facility<\/strong><\/p>\nLaundry Depot was an existing laundromat. Hinkle has spent the last five years retooling the entire store in stages. This $275,000 renovation process is scheduled to be complete by March 2022.<\/p>\n
Turns Per Day<\/strong><\/p>\n\u201cOur washers do between 4.5 and 5.5 turns a day,\u201d Hinkel said.<\/p>\n
Utility Costs<\/strong><\/p>\nUtility costs represent 18 percent of the business\u2019 gross sales.<\/p>\n
Marketplace Demographics<\/strong><\/p>\nThe laundromat draws widely from 19 towns and villages within New York\u2019s Finger Lakes region.<\/p>\n
Competition<\/strong><\/p>\nThere are two competing laundromats within the Laundry Depot\u2019s marketplace.<\/p>\n
Customer Loyalty Program<\/strong><\/p>\n\u201cWe offer a customer loyalty program through our credit\/debit card system,\u201d Hinkel noted. \u201cFor every 10 washes, the 11th wash is always free.\u201d<\/p>\n
Payment Options<\/strong><\/p>\nCoins and credit\/debit cards, including PayPal, Google Pay and Apple Pay<\/p>\n
Washers and Dryers<\/strong><\/p>\n5 Primus toploaders, $2.50
\n11 Maytag 20-pound frontloaders, $3.00
\n6 Continental Girbau 40-pound frontloaders, $4.75
\n6 Maytag 55-pound frontloaders, $6.25
\n26 ACD 45-pound stack, reversible dryers<\/p>\n
Water Heating System<\/strong><\/p>\nLochinvar 360-BTU water heating system<\/p>\n
Card System<\/strong><\/p>\nSpyderWash card system<\/p>\n
Bill Changers<\/strong><\/p>\n2 Standard Change-Makers bill changers<\/p>\n
Laundry Carts<\/strong><\/p>\n8 R&B Wire Products laundry carts<\/p>\n
Folding Tables<\/strong><\/p>\n7 folding tables<\/p>\n
Flooring<\/strong><\/p>\nTile flooring<\/p>\n
Lighting<\/strong><\/p>\nLED lighting<\/p>\n
Additional Amenities<\/strong><\/p>\n\n- Detergent, beverage and snack vending options<\/li>\n
- A 50-inch television with cable package<\/li>\n
- Free Wi-Fi access for customers<\/li>\n
- Video games<\/li>\n
- Coffee for sale to customers<\/li>\n
- Car vacuums in the parking lot<\/li>\n<\/ul>\n
Wash-Dry-Fold Service<\/strong><\/p>\n\n- This service is available Monday through Friday, from 9:00 a.m. to 5:00 p.m.<\/li>\n
- $1.25 per pound; $1.00 per pound for military veterans and college students<\/li>\n<\/ul>\n
Financing<\/strong><\/p>\nCanandaigua National Bank, Canandaigua, N.Y.<\/p>\n
Distributor<\/strong><\/p>\nCSC ServiceWorks<\/p>\n
Other Laundromat Businesses<\/strong><\/p>\n\n- Laundry Depot \u2013 Geneva, N.Y.<\/li>\n
- Laundry Junction \u2013 Greece, N.Y.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"
Chuck Hinkel Laundry Depot Waterloo, N.Y. Before Getting into the Laundry Business\u2026 For 20 years, Hinkel was the public relations director for the Rochester Red Wings, a Minor League Baseball team and the Triple-A affiliate of the Washington Nationals. Store Opening Hinkel purchased Laundry Depot in May 2016. Business Hours 7:00 a.m. to 9:00 p.m. […]<\/p>\n","protected":false},"author":1230,"featured_media":10987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[9351],"tags":[],"class_list":["post-10986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlights"],"_links":{"self":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/10986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/users\/1230"}],"replies":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/comments?post=10986"}],"version-history":[{"count":1,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/10986\/revisions"}],"predecessor-version":[{"id":10988,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/10986\/revisions\/10988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media\/10987"}],"wp:attachment":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media?parent=10986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/categories?post=10986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/tags?post=10986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}