New and established owners of dry cleaning operations will need to find places to purchase or rent dry cleaning equipment. Requirements for a dry cleaning business include dry cleaning machines, accessories and furnishings.

Popular dry cleaners equipment that suppliers offer are spotting tables, tunnels, air compressors, conveyors, chillers, irons, vacuums, washing machines, pressing machines, dry cleaning machine and shirt finishing equipment. Since many of these pieces can prove expensive, the owner may want to look into dry cleaning equipment leasing options.

1. Make up a list of pieces of equipment needed for your dry cleaning business. You may want to research some basic pricing in order to set your budget.

2. Contact suppliers of dry cleaner equipment. You should request brochures and quotes from each firm in order to make comparisons between vendors.

3. Save with renting dry cleaning equipment. Leasing dry cleaning equipment to buy can also cut overhead costs.

Action Steps
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Research the type of dry clean equipment needed

Before you start a dry cleaning business, you'll need to know about the dry cleaning equipment leasing basics. You'll also need to know the state and federal regulations regarding the type of equipment and chemicals that you use to clean garments.

I recommend: On the Department of Environmental Conservation website, you can read about the requirements for machine standards. Use these recommendations to make sure your dry cleaning machines comply with regulations. HJ Ventures can help you develop a business plan that will include all of the equipment that you will need to launch your dry cleaners.

Buy dry cleaners equipment

After you determine the type of equipment that you need, you'll want to start contacting vendors about making a purchase. Suppliers can make recommendations based on the size of your operation as well as what type of services that you offer. For example, if you plan to offer laundry services, you'll need a set of washing machines and dryers.

I recommend: Crystal Cleaners will not only sell you the equipment needed for your dry cleaning business, but also provide installation and training. Even if you purchase dry clean equipment elsewhere, the company can still provide services. Bestway Equipment and Service have several types of machines available for purchase. The company also repairs and services dry cleaning equipment. Both companies have leasing agreements available as well.

Contact dry cleaning equipment leasing companies

Leasing dry cleaning equipment can allow you to use the apparatuses until you no longer need them. At the end of the lease equipment, you'll need to return the equipment or discuss buyout options.

I recommend: At Direct Capital, you can look through the different options to lease dry clean equipment. The company offers leases on dry cleaning machines, pressing machines, boilers, steamers and more. With eLease, you can choose to not only lease your dry cleaning equipment, but point of service terminals as well.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Many established companies as well may need to buy or lease dry cleaning equipment. Numerous companies are changing their machines in order to process clothes with the use of non-toxic chemicals.

The dry cleaning business is consistently a high volume industry. Dry cleaning machines get a rigorous daily workout in most dry cleaning companies. Good leases on dry cleaner equipment ensure the best quality service and products at competitive terms.

Dry cleaning equipment leasing is a great way to go when replacing a well used dry cleaning machine or starting a dry cleaning business. Dry cleaning equipment leasing provides peace of mind that your machines get the service they need in a timely manner.

Dry cleaners equipment includes everything from spotting boards to irons and shirt finishing equipment. Look for these accessories at bargain prices with dry cleaning equipment leasing.

Improvements in dry cleaning machines produce clean garments with no yellowing or odor. Keeping up with trends in highly efficient dry cleaner equipment will keep your customers happy. Leasing dry cleaner equipment will:

1. Keep your machines up to date on service and performance.

2. Ensure your customers you’re using the best dry clean equipment for their clothes.

3. Provide tax advantages to company owners.

4. Promote high standards in the dry cleaning industry with cleaner clothes and less exposure to toxic chemicals.

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Use equipment rental that offers complete service packages to lease dry clean equipment

Your dry cleaning business is only as reliable as the equipment you use. Without the proper maintenance package for your leased equipment you can't guarantee prompt reliable service to your customers.

I recommend: Belenky Inc. provides maintenance packages, quick response time, phone support and preventative maintenance plans to meet your dry cleaners equipment needs.

Lease dry cleaning machines that use up to date methods of fighting redeposition on clothes

Over time dry cleaning can leave clothes looking yellow or dingy and smelling not so fresh. This comes from improper filtration of the dry cleaning solution. Over time less than clean solution redeposits dirt and grime back onto clothes. Newer cleaning systems eliminate this problem.

I recommend: The Metropolitan Laundry Machinery Company, Inc. is the nation’s oldest supplier of laundry and dry cleaning equipment. This company features the patented Sail Star cleaning system with three solvent tanks and two ecological filters to reduce redeposition on clothes.

Take advantage of tax breaks for dry cleaning machine financing

Certain tax deductions are available for businesses who lease equipment. This includes dry cleaning and other related equipment.

I recommend: Capital Funds Leasing offers true lease or tax lease options for those in the laundry business looking to lease equipment with a variety of options available at the end of the lease term.

Choose lease options that provide easy dry clean equipment upgrades every few years

Staying ahead of the pack when it comes to quality and service is how to keep regular customers happy and new customers coming in the door. Having an upgrade option in your lease is the best way to stay up to date on new trends and equipment.

I recommend: Direct Capital Corporation offers dry cleaning equipment leasing options with easy upgrades at the end of the lease term.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Shop around for the kind of dry cleaning machines and accessories you want for your business before shopping for the right lease financing. Going to a lender with your wish list in hand, including prices, makes determining your lease options easier.

In order to control the capital of your dry cleaning business, you can decide to lease equipment. Advantages of dry cleaning equipment leasing include reduced payments, tax deductions, increased cash flow and better manage your assets.

Making the most of dry cleaning equipment leasing also includes getting the best rate and buy out terms on your lease. If you’re looking to own the dry cleaner equipment at the end of the lease, you’ll want to make adjustments in order to ensure that you can pay a reasonable price.

1. Determine the cost differences between leasing and owning dry cleaners equipment. If a lease will not save you that much money, you’re likely to benefit more from financing the dry clean equipment.

2. Consider the benefits to your company when leasing dry cleaning equipment. A dry cleaning business needs to stay current with their equipment.

3. Apply to lease dry clean equipment. Use the leasing institution with the best rate and terms for dry cleaners equipment.

Action Steps
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Look at the benefits of leasing dry cleaning equipment

Part of making the most of a lease is to see how well it will work for your company. Leases work especially well for a dry cleaning business, since pieces of equipment like dry cleaning machines can cost a lot of money. Many leases also allow you to include installation and maintenance into the price.

I recommend: Direct Capital gives an overview of the many benefits that business owners can take advantage of when leasing new or used dry cleaning equipment. The company also offers leases for a dry cleaning machine, pressing machine, steamers and more. Pinnacle Funding also provides information on the benefits of dry cleaning equipment leasing.

Compare quotes for dry cleaning equipment leasing

You'll likely have several different lease options for dry cleaning equipment. Popular types include a fair market value lease, a $1 buyout lease or percentage purchase option. With a fair market value lease, you return the equipment at the end of the lease agreement. With a $1 buyout, you purchase the dry clean equipment at the end of the agreement for a $1. For the percentage purchase option, you will pay a percentage of the original price in order to own the equipment.

I recommend: Receive an instant quote on a dry cleaning lease from Crest Capital. Use the Bowe Textile Cleaning online calculator to determine the cost of leasing on their dry cleaning machines.

Get quick approvals to lease dry clean equipment

You'll want a low priced company to finance your lease agreement for dry cleaning equipment. Additionally, many new and used dry cleaning equipment leasing companies allow for online submission of applications. This can help you make the most of the lease by getting quick and easy approval.

I recommend: Five Point Capital has an online application process that gives user the chance to receive approval notification quickly. Once you receive approval, the company opens an account and that can be used whenever you need a new piece of dry cleaning equipment. Elease International also accepts online applications.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  The type of dry cleaner equipment lease that you take out will determine the payment rate that you make each month. For instance, the $1 buyout and payment percentage leases will cost more monthly than the fair market value lease. Typical time periods of leasing dry cleaning equipment is between 12 and 60 months.

Dry cleaning equipment leases are financing agreements that allow the small business owner to reduce overhead costs and improve cash flow. You can lease different types of dry cleaning equipment, including pressing machines, vacuums, air compressors and commercial dry cleaning machines.

When looking at dry cleaning equipment lease providers, you’ll see several terms that describe your lease options as well as the process of applying for an equipment lease. Understanding these key terms can help you make a knowledgeable decision regarding your dry cleaning equipment lease.

Action Steps
The best contacts and resources to help you get it done

Dry cleaning equipment consultants

When you are planning to lease, you are likely going to want to meet with a dry cleaning equipment consultant. These consultants will help you not only determine the equipment that you need to buy, but also which financing option will work best for you.

I recommend: HJ Ventures discusses the roles of a dry cleaning equipment consultant and the benefits of hiring an advisor.

True lease

With a true lease, you will not maintain ownership of the dry cleaning equipment, but rather have the ability to operate the equipment for the length of the agreement. At the end of the true lease, you will return the equipment to the provider.

I recommend: Capital Funds Leasing is a provider of dry cleaning equipment leases and defines the meaning of a true lease, also referred to as a tax lease.

100% finance programs

You are likely to hear the term 100% finance programs tossed out by dry cleaning equipment leasing companies. This means that you can finance the entire equipment required for your company, including training, maintenance and tax charges.

I recommend: Direct Capital, a dry cleaning equipment lease company, details their 100% finance program on their website.

Second chance lease program

A second chance lease program is a finance option for dry cleaning business owners that have poor credit history or have claimed bankruptcy in the past.

I recommend: Read about the second chance program for dry cleaning equipment leases on the Pinnacle Funding website.

Dollar buy-out lease

Dry cleaning equipment leases will have several end-of-term options available to customers. End of term options are ways that you can buy out of an equipment lease agreement, including dollar buy-outs. With a dollar buy-out lease, you pay $1 at the end of the lease term to own the equipment.

I recommend: Get a definition for dollar buy out lease on dry cleaning equipment provider Five Point Capital.

AMT double taxation

Many dry cleaning equipment lease programs will point out the tax benefits of leasing, including the avoidance of Alternative Minimum Tax (AMT) double taxation. AMT double taxation is a law passed by congress that taxes businesses that claim equipment depreciation.

I recommend: Read about AMT double taxation and the advantages of using an equipment lease to avoid this tax on Equipment Leasing.