Ever wondered exactly how much your on property laundry operation is costing? It’s a good number to have on hand, and making a thorough hotel laundry equipment list is part of the process.
For OPL hotels, the list can help in managing laundry for hotels and in helping decide whether to switch to an outsourcing provider. It isn’t uncommon for properties to underestimate their costs, so it’s worth making a concerted effort to get an accurate figure.
Here’s a quick look at using a hotel laundry equipment list to calculate OPL costs.
Make a List, Check it Twice
Start by making a hotel laundry equipment list that includes absolutely everything used in your laundry operation and its value, including:
- Water extractors
- Air compressors
Too often when calculating their laundry costs, properties fail to take into account the amount they’re losing over time in the depreciation of equipment and their physical building.
Once you have your laundry equipment list, you’ll want to divide the value of each item by 15 years to come up with a depreciation figure.
Enter the Information into a Cost Calculator
You’re almost there! Emphasis on the almost. Because now you’ll plug your depreciation figure into a customized OPL Cost Calculator that also includes things like labor, chemicals such as commercial laundry detergent and utilities such as gas, water, electric and sewer.
Once the calculator comes up with a figure, you may be surprised to discover just how much you’re paying to handle your laundry in house.
Knowing where you are now can help you make things more efficient in the future and help you decide whether it’s most cost-effective to shut down your on property laundry and turn the care of your luxury hotel bedding, towels and other linens over to the professionals.