Utility rates are on the rise. More and more, I am getting calls from laundry owners complaining of the costs, asking for ideas. So what is the answer? What is the best approach in combating these costs? And, how does a laundry owner say competitive?
While the costs of doing business of a coin laundry are relatively basic. Increases of utilities continue to affect profitability. To a great degree, we are fortunate that our business is a necessity of life service business, and the rising costs are more massive than localized. So, it is typical that if your utility costs are rising, so are your competitors. So, it is critical to look at your utility cost in terms of percentage of gross income and look for the most effective ways to control them. Read the whole story…