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.
I tend to do a single load of laundry every week. Kirkland Cleaners, my local laundromat in Cambridge, MA, charges $2.25 per load, and $0.25 per 7 minutes of drying time. I usually dry my clothes for 49 minutes, so an entire week's worth of laundry costs $4.00. Weâve developed a formula for determining the payoff period of buying a washer/dryer set.