Why Replace with Speed Queen
Lower Costs, Higher Returns.
Lower utility costs
Increase revenue opportunities
Minimize maintenance costs and downtime
Boost efficiency and productivity
Attract and retain more customers
Make running your business easier.
WHEN TOO OLD IS COSTING TOO MUCH.
How Old Is Your Equipment?
If your laundry equipment is old and outdated, it’s likely costing you more and making you less. Excluding variables (e.g. usage, condition, repair and maintenance frequency), the following are typical peak performance lifespans of laundry equipment†:
Top or Front Load Washer
5-7 years
Washer-Extractors
12-15 years
Tumble Dryers
12-15 years
Lower Your Utility Costs
Maximize Efficiency
Nearly 4 out of 10 laundromat owners reported spending 25% or more of gross revenue on utilities†. And 60% of laundromat owners cite utilities as the largest obstacle for their laundry business†.
1 new Speed Queen washer-extractor saves
6,824
gallons of water per month
Save with Speed Queen®
Save With High-Efficiency Machines
New Speed Queen machines can significantly reduce your annual utility costs. Built with advanced controls, they’re designed to conserve more water and use less energy, maximizing cost-savings per square foot of laundromat space.
$1.16
Old 35 lb washer-extractor utility costs** per cycle
—
$.37
New 40 lb Speed Queen® washer extractor* utility costs** per cycle
=
$.79
Total savings per cycle after upgrade.
$84.06
Total savings per month per washer-extractor
$1,008.72
Total savings per year per washer-extractor
* Based on nationwide average of utility rates. Utility rates for water, sewer and heating vary. Check your local rates and adjust estimated costs accordingly.
** Based on replacement of a 12-year-old Speed Queen® 35 lb washer-extractor with MD2 Controls to a new Speed Queen 40 lb washer-extractor with Quantum® Controls.
Maximize Profitability
New Speed Queen equipment does more than save you money––it makes you money: less downtime and more turns per day means more revenue.
Customers expect to pay more for newer equipment with updated features. Owners can reasonably expect to charge 10-20%† more for new equipment of similar capacity.
1 – 40 lb washer-extractor upgrade
$.48
average price increase per turn*
3.5
turns per day
365
days per year
= $613.20
in added profit per year per washer-extractor
* According to a 2016 Coin Laundry industry survey, the average vend price per turn is currently $4.75 and is expected to rise to $5.23 with new equipment.
** Based on replacement of a 12-year-old Speed Queen® 35 lb washer-extractor with MD2 Controls to a new Speed Queen 40 lb washer-extractor with Quantum® Gold Controls.
† According to the Coin Laundry Association (CLA) whitepaper “Deciding when to Replace Laundry Equipment.”
† http://www.coinlaundry.org/investor-resources/additonalinfo#businesscycle
Quantum Touch makes it easy for customers to add premium wash and dry options by featuring them in step-by-step menus. Owner have reported significant increases in the percentage of customers adding these highly profitable modifiers.
- Multi-level Pricing: Charge different prices for each wash cycle and capitalize on premium upsells.
- Default-Level Pricing: More than 50% of customers push start on whatever cycle your machines are defaulted to*****. Default-level pricing lets you easily create a profitable pricing strategy.
- Time-Of-Day Pricing: Increase pricing during peak laundry hours and decrease them during slow periods to create more stable traffic and increased overall capacity.
- Lucky Cycle: Reward customers with a free wash or dry to encourage customer loyalty.
1 – 40 lb washer-extractor upgrade
$.26
– average cycle modifier price increase*
3.5
turns per day
365
days per year
= $332.15
in added profit per year per washer-extractor
* Based on reports from laundromat owners who saw their price per turn increase 5%, on average, from $5.23 to $5.49 after upgrading to new Speed Queen® with Quantum® equipment.
** Based on replacement of a 12-year-old Speed Queen 35 lb washer-extractor with MD2 Controls to a new Speed Queen 40 lb washer-extractor with Quantum Gold Controls.
Based on reports from laundromat owners who saw their price per turn increase 5%, on average, from $5.23 to $5.49
after upgrading to new Speed Queen® with Quantum® equipment.
** Based on replacement of a 12-year-old Speed Queen 35 lb washer-extractor with MD2 Controls to a new Speed Queen 40 lb washer-extractor with Quantum Gold Controls.
- Increasing productivity, your profit stream and customer satisfaction.
- Reducing your minutes per quarter while keeping your revenue the same, which also makes customers happy and increases turns per day.
- Providing faster dry times and better performance, which help customers get in and out of your store quicker, and makes your store a premium laundry destination.
- Maximizing capacity per square foot of space with stack tumble dryers.
The initial cost of new machines is one of the biggest barriers laundromat owners face when upgrading their machines. But it doesn’t have to be. Speed Queen® financial services offers personalized plans that fit your budget.
$1,302.33
-average monthly utility savings and added revenue* (with eight 40 lb washer extractors)
–
$825.69
average monthly payment
=
$476.64
profit per month
* Based on replacement of a 12-year-old Speed Queen 35 lb washer-extractor with MD2 Controls to a new Speed Queen 40 lb washer-extractor with Quantum® Gold Controls.
** Based on nationwide average of utility rates. Utility rates for water, sewer and heating vary. Check your local rates and adjust estimated costs accordingly.
Attract and Retain More Customers
A better customer experience means a healthier bottom line. Give your customers what they want. New equipment enhances the laundry experience, attracting more customers and more business by creating:
A premium laundromat experience that helps you attract and retain more customers.
Competitive advantages like mobile payments, touch-screen controls and more efficient machines give you an edge over other laundromats in your area
New marketing opportunities that showcase your store’s new upgrades and reinvigorate your business.
64% of customers prefer large-capacity 40 lb, 50 lb or 75 lb machines.***
New Equipment
It’s Good for Business
From increased value and potential tax advantages to more control of your business, better equipment translates to a more profitable laundromat.
Reduced Maintenance
When you own world-class equipment with the warranties to match, you reduce lost revenue due to downtime, repair costs and replacement part expenses.
Tax Advantages
When you invest in new machines for your business, many countries allow you to write it off on your taxes. Plus, government incentives can make it even easier to upgrade your equipment. *Consult your tax advisor to see what tax advantages you are eligible for.
More Business Control
Wireless networking lets you run your business remotely, giving you convenient access to everything from routine machine diagnostics and auditing capabilities to service alerts, time-of-day pricing and more.
Why Replace With Speed Queen?
Laundry is all we do, and we do it better than anyone else.
Reliable Products
Innovative Controls
Our cutting-edge controls make running your business easier and more profitable, while freeing up more of your time
Comprehensive Support
Our best-in-class distribution network of true laundry experts are dedicated to your success.
Design Services
No matter what your space looks like now, we can help you transform it into an efficient and profitable laundry facility.
Unmatched Warranty
We offer an industry-leading 10-year extended warranty on Speed Queen vended cabinet hardmount washer-extractors that are between 20 and 100 lb capacities.
Laundry-Focused Financing
When you finance with Speed Queen®, you get a comprehensive financing plan that’s tailored to fit your needs, your budget and your goals.
