As we continue to look at the costs of used laundry equipment in comparison to new commercial equipment, we turn our attention to the reasons that laundromat owners hesitate to buy new equipment. The most prominent reason that most laundromat owners wait to purchase new equipment is cost. Truthfully, new equipment is expensive, and it can take quite some time to pay off the loans on brand new machines. Laundromat owners are blinded by the expense of the equipment and lose sight of what is actually beneficial to their business long term. The real value in the new machines lies in the peace of mind that comes with knowing your washers and dryers are running efficiently and covered by a warranty. The warranty from the manufacturer helps protect your bottom line and the energy savings add up each month. Poor quality machines or machines that have been worn out by extensive use have the potential to nickel and dime owners into debt. While it may seem like a good idea to continue to use these machines because they are paid for, the truth is that they cost you money in energy bills, repairs, and out of order time. It's easy to make a monthly payment on a machine that is in your laundromat making money, especially when that machine is replacing an entirely broken down machine or one that needed constant repairs. For the best prices on used and new laundry equipment in Raleigh, NC, call T & L. We'll save you a lot of money!
Washers and dryers that were manufactured 20 years ago weren't as energy efficient as newer machines. These machines were designed when the electricity, gas, and water used to run them was less costly than it is now. Rising utility costs have forced manufacturers to take energy efficiency into consideration in order to remain competitive. Cycles can now be customized, and better machine design has resulted in less water use in washers and less gas use in dryers. Inverter drives save money on electricity, and new store operators are reporting utility costs at below 20% of their gross income. Owners of old stores with old equipment have confessed to utility costs as high as 40% against gross income.
While it's hard to determine the return on investment (ROI) that you will receive from purchasing a new machine, experience in the industry tells us that:
- Old dryers get very hot on the inside and use more gas than newer models. As a result, customers' clothing or other items may become damaged. The high limit burners and out of tune burners pose risks to customers belongings. Broken down baskets may be covered with old gum or tar and prone to snagging delicate items.
- Worn out washing machines are noisy and have soap compartments that are hard to clean and often caked with residue. The glass in the door has become scratched and hazy and the door handles can be difficult to open or close.
Customers don't want to use machines that are dirty or that have the potential to ruin their bedding or clothing. Laundromat customers expect clean, bright, and shiny machines. New machines have wider door openings and give the appearance of the machine being larger in size. The condition of the machine and the appearance of a larger capacity will allow owners to charge more for these new machines.
In fact, purchasing new equipment is less about calculating the ROI. The real question is how to improve your business. New equipment is one of the best ways. Installing new equipment in your laundromat will bring in new customers. Technology makes it even easier for your customers to use and pay for their laundry than ever before. With more features and faster washing and drying times, you can be more competitive in your market and charge more for the conveniences that customers want.
Most owners finance their new equipment for seven or eight years. New machines have a life expectancy of about 15 years. Long after the loan is paid off, these new machines will be providing a higher vend price and continuing to save you money on your energy bill as well as your repair costs. Bottom line: new equipment is a valuable improvement in your business.
The Most Affordable Laundry Equipment in Raleigh, NC
T & L Laundry Equipment saves owners time and money when it comes to the purchase of new equipment for their laundromat. By offering both Speed Queen and Continental laundry equipment in Raleigh, NC, T & L gives owners access to full product offerings, not just a few sizes. We have all the tools we need to get you the best new equipment at the best price. Our onsite consultation service helps you get the most out of the space you have available in your laundromat. From layout design to seating placement, to machine locations, our expert staff can help you get your equipment in the right place. Whether you need a total refit, a small rearrangement or a direct replacement, we can do it all. Factory financing and dedicated installation teams make it all possible.
At T & L we don't want you to feel like you're just another customer. We want to walk you through the process of purchasing new equipment. Let us come to your store and talk about all the options and show you how you can afford to upgrade your laundry equipment in Raleigh, NC. Together we will prepare your application and use our relationships with the finance companies to help you get the equipment you need for the business you love.
Call or come by the showroom and experience the T & L Laundry Equipment difference. Find out why our customers have been coming back to us for more than 40 years. Put our knowledge, service, and selection to work in your laundromat. Visit with T & L today!
