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Mac-Gray estimates that an initial investment of $50,000 in non-financed cash is needed to open a laundry facility. Total start-up costs for a laundromat range from $150,000 and up depending on the store size and location. About one third (1/3) of the total start-up costs are considered the minimum required down payment. A potential owner's net worth should be at least two times the total loan amount. Your new facility may also require "Leasehold Improvements", the average cost of these are approximately 40-45% of the total investment. Mac-Gray can assist you in arranging flexible finance options that are right for you.
The capital that you invest is usually recovered in less than three years. However, success rates may vary. Tax benefits are relative to yearly income. For those people in a 30% personal income tax bracket or higher, the tax benefits are extremely beneficial.
Please call Mac-Gray at 1-800-MAC-GRAY (1-800-622-4729) for more information. You can also request information online and one of our experienced consultants will contact you to set up an appointment.
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