Business Bio: Wash on Western

By Bob Nieman, CLA Member posted 06-26-2017 11:17

  
Ross Dodds and Russel Pinkard
Wash on Western
Los Angeles, Calif.

Wash_on_Western-Wash_on_Western-0061.jpgBefore Getting into the Laundry Business…

Dodds and Pinkard were involved in the business of wholesale and liquidation sales.

Store Opening

Dodds and Pinkard purchased the laundromat in December 2014. However, after six days of ownership, the restaurant next door to the laundry suffered a kitchen fire, which destroyed both the restaurant and the newly purchased laundromat. Wash on Western was reopened on January 1, 2017.

Business Hours

6:00 a.m. to midnight daily, with the last wash at 10:30 p.m.

Staff

Three full-time employees, one part-time attendant and two drivers

Total Square Footage

The self-service laundry is 1,800 square feet. However, after the fire, Dodds and Pinkard took over the space next door, which is an additional 700 square feet and serves as the business’s wash-dry-fold area.

Wash_on_Western-Wash_on_Western-0002.jpgParking Availability

16 parking space

Lease or Own?

The store is on a 15-year lease with two five-year options.

The Building

Wash on Western previously was an existing laundromat for 22 years.

The Construction Process

The project took just over two years, and it cost approximately $550,000 to $600,000, including the equipment.

Turns Per Day

5

Wash_on_Western-Wash_on_Western-0012.jpgUtility Costs

Utility costs represent 15 percent of the business’s gross revenue.

Competition

“Los Angeles has a lot of laundries, but our closest newer competitor is one mile away,” Dodds said. “There also are four older laundries less than a half-mile from us.”

Payment Options

The store accepts coins, loyalty cards and credit/debit cards

Washers and Dryers

7 Dexter 20-pound frontloaders, $2.50, plus 25 cents extra for hot water
6 Dexter 30-pound frontloaders, $3.50, plus 25 cents extra for hot water
4 Dexter 40-pound frontloaders, $4.50, plus 25 cents extra for hot water
6 Dexter 60-pound frontloaders, $6.50, plus 50 cents extra for hot water
2 Dexter 90-pound frontloaders, $9.50, plus 50 cents extra for hot water
4 Dexter 30-pound stack dryers, $1.00 for 30 minutes
9 Dexter 50-pound stack dryers, $1.25 for 30 minutes

Water Heating System

1 Bock 500 hybrid water heating system, with a 125-gallon storage tank

Wash_on_Western-Wash_on_Western-0020.jpgCard System

1 SpyderWash card system, including a loyalty card dispenser

Bill Changer

1 Rowe rear-loading bill changer with MEI bill acceptors and bill recyclers

Laundry Carts

10 R&B Wire Products 100E laundry carts with hanging poles
2 R&B 400 basket carts

Folding Tables

1 large, customized, quartz folding table with dividers every four feet
4 customized, metal folding tables

Flooring

Sealed concrete

Lighting

LED bulbs

Wash_on_Western-Wash_on_Western-0094.jpgBeverage/Snack/Laundry Vending

1 Vend-Rite Manufacturing side-by-side soda/snack combination vending machine, also with soap products.
1 Fastcorp Z400 ice cream vending machine

Televisions

2 42-inch televisions
1 60-inch television

Wash-Dry-Fold Service

$1.25 per pound, for next-day service
$2.00 per pound, for same-day service
$1.00 per pound, for “Start and Go” service

Additional Amenities

• Drop-off drycleaning service
• USB charging stations built into the store’s folding table
• Free Wi-Fi access
• Free Starbucks coffee and cocoa

Finance Company

Dexter Financial, for the laundry equipment

Distributor

Michael Ambrose, Western State Design, Hayward, Calif., (800) 633-7153
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