{"id":2402,"date":"2016-07-27T00:00:00","date_gmt":"2016-07-27T00:00:00","guid":{"rendered":"http:\/\/bob-nieman\/2016\/07\/27\/business-bio"},"modified":"2019-02-25T11:19:58","modified_gmt":"2019-02-25T17:19:58","slug":"business-bio-wash-n-fold-express","status":"publish","type":"post","link":"https:\/\/planetlaundry.com\/business-bio-wash-n-fold-express\/","title":{"rendered":"Business Bio: Wash-N-Fold Express"},"content":{"rendered":"

Dan Thanh Dang, Gary Miller, BangTam Miller and Quynh Simon
\nWash-N-Fold Express
\nEdgewood, Md.<\/strong><\/p>\n

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

All of the store’s owners are still employed full-time outside of the laundry business. Dan Thanh Dang, a former newspaper reporter, is currently a furniture manufacturer’s representative. Gary Miller is a retired Army pilot, who now flies for the Department of Defense. BangTam Miller is an administrator in the local public school system’s central office; he is a former educator and assistant principal. Ngoc Quynh Simon is a government business development manager.<\/p>\n

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

January 2016<\/p>\n

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

7:00 a.m. to 10:00 p.m. daily<\/p>\n

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

One full-time employee, and five part-time attendants<\/p>\n

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

2,250 square feet<\/p>\n

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

There are 12 adjacent parking spaces at the laundry’s side entrance, as well as open access parking spaces at the front entrance of shopping plaza.<\/p>\n

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

The owners currently have a 10-year lease, with two five-year options.<\/p>\n

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

Wash-N-Fold Express occupies an end unit in its shopping center. The store is located in a former bank, which had been vacant for approximately five years. Basically, the ownership team built the self-service laundry from the ground up, adding a side entrance.<\/p>\n

The Construction Process<\/strong><\/p>\n

The owners broke ground mid-July 2015 and completed the process in December 2015. This nearly six-month project, including the laundry equipment, cost almost $500,000<\/p>\n

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

4<\/p>\n

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

14 percent of gross revenue<\/p>\n

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

There are about 39,000 people living within a three-mile radius of the laundry, with a mix of single-family homes, townhomes and apartment complexes.<\/p>\n

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

There is one other self-service laundry in what the owners of Wash-N-Fold Express consider to be their trade area.<\/p>\n

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

Coins, tokens and credit\/debit cards<\/p>\n

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

5 Dexter 20-pound frontloaders, $3.50
\n8 Dexter 30-pound frontloaders, $4.50
\n8 Dexter 40-pound frontloaders, $6.00
\n6 Dexter 60-pound frontloaders, $8.00
\n2 Dexter 80-pound frontloaders, $9.50
\n15 Dexter 30-pound stack dryers, 25 cents for seven minutes
\n3 Dexter 50-pound stack dryers, 25 cents for five minutes<\/p>\n

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

Advantage 96 commercial water heating system<\/p>\n

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

1 Standard Change-Makers changer<\/p>\n

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

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

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

9 Sol-O-Matic fiberglass folding tables<\/p>\n

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

Ceramic tile<\/p>\n

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

Fluorescent tubes<\/p>\n

Soap\/Laundry Supplies Vending<\/strong><\/p>\n

1 Vend-Rite Manufacturing eight-column laundry supplies vending machine, 75 cents<\/p>\n

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

3 42-inch LED flatscreen televisions<\/p>\n

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