Chicago Coin Laundry questions

[Maria Bocanegra]

Coin Laundry questions! I am considering coin laundry in a multi-unit I am closing on . . . i have several questions I thought I'd source here in one post rather than rummaging thru the forums!

New or Used?

Buy outright or lease? Do you in turn sublease?

Brands? Resellers?

How much do you charge per wash and per dry? I am not trying to make money on this but pass on water and electric costs.

How often can you negotiate terms of leased units?

What else may I be missing here?

[John Warren]

@Maria Bocanegra I just recently decided to buy brand new to replace perfectly good, but used machines in one of my Berwyn buildings. I am using pay range to collect and will not have any coins. I have been watching this company for a while, and finally decided to take the plunge. They are charging me 3% of the collected revenue, but I never touch a single quarter! 

I would not lease machines for a small building as the companies that do this tend to not be the most reputable. 

@Dave Madoch has more experience than me with pay range since he took the plunge before me.