Pricing
The Right Price for Ice:
How much are you willing to pay to:
Eliminate all your time, work and operational troubles?
Eliminate the risk of early machine failure?
Achieve peace of mind?
Enjoy complete flexibility?
Receive hassle free ice service?
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Hassle free ice is a great alternative
The Easy IceSM subscription plan costs less than owning. The purchase and installation cost for an average 600 lb ice machine is $3,094 and represents only 14% of the Total Cost of Ownership over its expected 10 year life. During those years you would spend an additional $9,445 on repair labor, replacement parts, preventive maintenance, and filters. In addition, if you do not have a backup ice supply, you can expect to spend an additional $1,500 on packaged ice while your machine is being repaired and cleaned. The data below represent the actual cost analysis on 10,000 installed ice machines in the US over a 15 year period.
Ten Year Total Cost of Ownership
| Ownership | Subscription | ||
|---|---|---|---|
| Cost | % of Total | Cost | |
| Purchase/ship/install vs. Set-up Fee | $3,094 | 14% | $250 |
| Cleaning labor | $3,200 | 14% | Included |
| Filter cartridges | $1,675 | 8% | Included |
| Repair labor | $3,000 | 13% | Included |
| Repair parts | $1,570 | 7% | Included |
| Back-up ice | $1,500 | 7% | Included |
| Energy | $8,230 | 37% | $8,230 |
| Depreciation and tax savings | ($8,752) | NA | ($9,228) |
| Monthly subscription | N/A | N/A | $15,000 |
| Subtotal | $13,517 | 100% | $14,252 |
| NPV: Actual 10 year cost (15%) | $8,522 | $8,290 | |
What is NPV?
NPV stands for Net Present Value. It is a business tool that companies use to evaluate different investment/purchase alternatives. NPV quantifies the total cost of an asset over its life and presents it in "today's" dollars, and it is the most common method used for choosing between investment choices such as buying vs. leasing. The main features of NPV are that 1) it takes into account the fact that the cash invested in assets needs to earn a return and 2) a dollar invested today is more expensive than a dollar invested a year from now (sometimes referred to as the time value of money). As stated before, NPV quantifies the total cost of an asset over its life and presents it in "today's" dollars. When comparing two different ways to "acquire the benefits" of an asset, the alternative that results in the lowest cost (as measured by NPV) is generally more attractive.
One fact you might want to consider is that an ice machine, while necessary, does not create profit or value for your business. Ice from an ice machine is typically provided free of charge, making it an expense. Secondly, ice does not differentiate you from your competitors. No one chooses to eat an establishment because of their ice. Hence, since an ice machine does not create value, minimizing the dollars spent over time (as measured by NPV) is a smart business decision.
Easy Ice is the right choice
With Easy Ice all the services and costs are included in one low monthly subscription fee. You are only responsible for electricity, water and a space to put the ice machine. You have no surprise repair bills. No staff needs to run out for packaged ice when your machine breaks. And you can invest your capital in something that brings a return and greater profitability to your business. We offer the ultimate "Hassle Free" on-site ice solution at a great price!