Philip Kodroff<\/strong>
\nLaundromart<\/strong>
\nHollywood, Fla.<\/strong><\/p>\n

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

\n
• Kodroff was a corporate executive in the fashion industry.<\/li>\n<\/ul>\n

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

  \n
  • April 20, 2016<\/li>\n<\/ul>\n

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

    \n
    • 24 hours a day. The laundry is open every day, except for Christmas Day.<\/li>\n<\/ul>\n

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

      \n
      • Three full-time attendants and four part-time employees<\/li>\n<\/ul>\n

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

        \n
        • 6,162 square feet<\/li>\n<\/ul>\n

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

          \n
          • There are 35 parking spaces in a private lot. The store has two entrances \u2013 one from the rear parking area and one from the side parking area.<\/li>\n<\/ul>\n

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

            \n
            • Kodroff leases his store\u2019s location. The lease agreement is for 10 years, with three five-year options.<\/li>\n<\/ul>\n

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

              \n
              • The store was originally a Sizzler steakhouse, which was turned into a self-service laundry by a previous owner. However, the facility eventually devolved into a rundown laundromat. At this point, Aaxon Laundry Systems, over the course of eight months, designed and rebuilt the store into a modern, upscale vended laundry.\n
                \n
                • Today, Laundromart features a bright, comfortable d\u00e9cor \u2013 with a separate lounge area that includes a number of table-and-chair seating units; 60-inch televisions; vended food, snacks and beverages; and video\/arcade games.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

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

                  \n
                  • 3.5 \u2013 with that number steadily increasing since the laundry\u2019s grand opening last September.<\/li>\n<\/ul>\n

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

                    \n
                    • Utility costs represent 23 percent of the laundry\u2019s gross sales.<\/li>\n<\/ul>\n

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

                      \n
                      • The laundry is located in a strong rental area, with mid- to low-income residents.<\/li>\n<\/ul>\n

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

                        \n
                        • There are four other vended laundry competitors in the marketplace.<\/li>\n<\/ul>\n

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

                          \n
                          • Laundromart is a smartcard-operated store, which accepts credit\/debit cards, EBT cards and cash to load the smartcard.<\/li>\n<\/ul>\n

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

                            \n
                            • 10 Huebsch Horizon 20-pound frontloaders, $1.95<\/li>\n
                            • 10 Huebsch Galaxy 20-pound frontloaders, $2.75<\/li>\n
                            • 10 Huebsch Galaxy 30-pound frontloaders, $3.75<\/li>\n
                            • 10 Huebsch Galaxy 40-pound frontloaders, $4.75<\/li>\n
                            • 7 Huebsch Galaxy 60-pound frontloaders, $5.75<\/li>\n
                            • 2 Huebsch Galaxy 80-pound frontloaders, $7.75<\/li>\n
                            • 40 Huebsch 30-pound stack dryers, 25 cents for eight minutes<\/li>\n
                            • 8 Huebsch 45-pound stack dryers, 25 cents for six minutes<\/li>\n
                            • 2 Huebsch 75 pound dryers, 50 cents for eight minutes<\/li>\n<\/ul>\n

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

                              \n
                              • 3 Takagi instant hot water heaters<\/li>\n<\/ul>\n

                                Card System<\/strong><\/p>\n

                                \n
                                • ESD card system<\/li>\n<\/ul>\n

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

                                  \n
                                  • 20 R&B Wire Products laundry carts<\/li>\n<\/ul>\n

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

                                    \n
                                    • 10 Solomatic six-foot folding tables<\/li>\n<\/ul>\n

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

                                      \n
                                      • Wood-plank-style porcelain tiles<\/li>\n<\/ul>\n

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

                                        \n
                                        • LED lighting<\/li>\n<\/ul>\n

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

                                          \n
                                          • 1 Vend-Rite Manufacturing upright, glass display window, card-operated detergent vending machine, prices range from 75 cents to $7.50<\/li>\n<\/ul>\n

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

                                            \n
                                            • 2 rented beverage vending machines, prices range from $1.00 to $2.00<\/li>\n<\/ul>\n

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

                                              \n
                                              • 2 rented snack vending machines \u2013 one includes dry snacks, and the other has ice cream<\/li>\n<\/ul>\n

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

                                                \n
                                                • 4 60-inch televisions<\/li>\n<\/ul>\n

                                                  Arcade\/Video Games<\/strong><\/p>\n

                                                  \n
                                                  • 1 Pac-Man video game<\/li>\n
                                                  • 1 Prize Cube redemption game<\/li>\n
                                                  • 1 Star Wars video game<\/li>\n<\/ul>\n

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

                                                    \n
                                                    • The laundry features a 1,150-square-foot area located at the rear of the store with comfortable tables and chairs, arcade games and snack machines.<\/li>\n<\/ul>\n

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

                                                      \u2022 Free Wi-Fi access
                                                      \n\u2022 In-store music streaming
                                                      \n\u2022 Outdoor seating<\/p>\n

                                                      Wash-Dry-Fold Service<\/strong><\/p>\n

                                                      \n
                                                      • The store\u2019s Regular Service is 99 cents per pound, and the Premium Service \u2013 which includes ironing \u2013 is $1.50 per pound. Both services require a 10-pound minimum. The per-piece service has a five-item minimum.<\/li>\n<\/ul>\n

                                                        Drop-Off Drycleaning Service<\/strong><\/p>\n

                                                        \n
                                                        • Prices range from $1.89 to $9.99, depending on types of items.<\/li>\n<\/ul>\n

                                                          Distributor<\/strong><\/p>\n

                                                          Aaxon Laundry Systems
                                                          \nFort Lauderdale, Fla.
                                                          \n(954) 772-7100<\/p>\n

                                                          Project Consultant<\/strong><\/p>\n

                                                          Arthur Lapon<\/p>\n","protected":false},"excerpt":{"rendered":"

                                                          Philip Kodroff Laundromart Hollywood, Fla. Before Getting into the Laundry Business\u2026 Kodroff was a corporate executive in the fashion industry. Store Opening April 20, 2016 Business Hours 24 hours a day. The laundry is open every day, except for Christmas Day. Staff Three full-time attendants and four part-time employees Total Square Footage 6,162 square feet […]<\/p>\n","protected":false},"author":1230,"featured_media":7023,"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":[98,243,244,245],"tags":[10293,9164,312,10131],"class_list":["post-3606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-articles","category-feature-1","category-feature-2","category-feature-3","tag-business-owner","tag-commercial-laundry","tag-laundromat","tag-laundromat-lease"],"_links":{"self":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/3606","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=3606"}],"version-history":[{"count":3,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/3606\/revisions"}],"predecessor-version":[{"id":7027,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/3606\/revisions\/7027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media\/7023"}],"wp:attachment":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media?parent=3606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/categories?post=3606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/tags?post=3606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}