If there is no annual percentage increase in the CPI-W, the Board and Bureau will not adjust this exemption threshold from the prior year. Based on the annual percentage decrease in the CPI-W as of June 1, 2015, the exemption threshold will remain at $54,600 through December 31, 2016.
Typically, start-up costs for a laundromat can run from about $200,000 to over $1,000,000, according to Entrepreneur magazine. After assessing your start-up costs, your budget should include allowances for regular future expenses, such as loan financing payments, rent and maintenance.
This will largely depend on the cost of real estate in your area and what service and items you plan to offer. The startup costs for a convenience store can range from as low as $10,000 to well over $1 Million, so do your research and consider the costs of business in your area to determine your own budget. 4. Secure the required funding. Chances are, you won't have enough funding just lying around to cover your startup costs.