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.
When washing clothing at home, consumers pay about 36 cents for the energy to run the washing machine for one load of laundry, 40 cents for energy for the dryer and 11 cents for water. The estimate does not include cleaning products or equipment costs. The average cost of a washing machine is about $700. It has a lifespan of about nine and a half years, assuming that one load of clothing is washed per day. A dryer costs about $600 and lasts about 11 years. Based on the savings by washing at home versus at a laundromat, it takes about 610 loads of laundry to recoup the cost of purchasing a washer and dryer.