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.
Material and Personnel Costs. You have the option of either purchasing or leasing equipment for a laundry business. The price of commercial washing and drying equipment ranges from $150,000 to $450,000, depending on the sophistication of the equipment and the size of your laundromat. Laundromats require little attention from personnel, but a dry cleaning business needs friendly, competent staff to be successful. Evaluate your personnel needs and add them to your start-up costs: laundromat employees may work for a wage, but dry cleaners may need a salary.