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Updated over 6 years ago, 08/31/2018
Laudary lease- is this a decent 4 year contract?
Hello folks,
I am in the verge of signing a 4 year contract with my laundry service provider. Currently it is lease free and getting 80% commission from monthly earnings.
I want to upgrade from a coin laundry system to coin/ credit card style machine. The company is offering a lightly used washer dryer with this facility and wants me to shift to a different plan.
With the newly refurbished machines, they want the first $12.75 from each machine as rent and then a commission of 70% is sent to me. It does take a hit on my current earnings but they state that the earnings usually goes up when they have a credit card option.
Do you have any idea in this area and if this seems like reasonable contract to get into for a 4 year term?
Thanks in advance.