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Updated over 6 years ago on . Most recent reply

User Stats

41
Posts
9
Votes
Ali Ahmed
  • San Jose, CA
9
Votes |
41
Posts

Laudary lease- is this a decent 4 year contract?

Ali Ahmed
  • San Jose, CA
Posted
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.

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