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.
Big money in those days. Rent was $300 a month and electric and gas was about $78 a month total. The numbers are obviously different today but for the most part laundromats are still fairly profitable. Back then a wash was a quarter and a dry was 10 cents for 10 minutes. One day we bought all new machines which came with a 30 cents coin start.