If there is no annual percentage increase in the CPI-W, the Board and Bureau will not adjust this exemption threshold from the prior year. Based on the annual percentage decrease in the CPI-W as of June 1, 2015, the exemption threshold will remain at $54,600 through December 31, 2016.
Typically, start-up costs for a laundromat can run from about $200,000 to over $1,000,000, according to Entrepreneur magazine. After assessing your start-up costs, your budget should include allowances for regular future expenses, such as loan financing payments, rent and maintenance.
Conversely, the new minivan or Escalade that just spent $12 for your UltraWash and another $4 to vac might not be a regular, high-volume laundromat user. My prices range from $2.50 to $12.00 for a wash, and I have soap and snacks in my venders from $1.00 to $10.00. I'm quite familiar with how fast coin boxes fill at those prices.