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Laundry Broker Reports On The Latest Trends From The Laundromat Industry


Latest Trends In The Laundry Business

From this summer the laundry industry manufacturers, distributors, suppliers, end users and other various businesses associated with the Laundry world met in New Orleans for several days of informational seminars, deal making, showing off of new technology and seeing old friends and meeting new ones.

Oh yes, and a little fun in frivolity was had on Bourbon street and its surrounds!

The coin laundry world has come a long way from the old days of water guzzling top loaders and single pocket gas sucking dryers. You will be amazed when you attend the next Clean Show and see the continued advances in technology, efficiency, speed and size of laundry equipment.

The technology does take time to develop and implement so The Clean Show only happens every two years.

Though the coin equipment is not quite as advanced as the On Premise Laundry (the very large technologically advanced equipment that goes in large hotels or laundry plants) there is still a lot that goes into developing new and useful features for your laundromat. As an owner or future owner there is much to see and learn and I would recommend the serious laundry owner attend.

As you know there are always seminars at these events and the Coin Laundry Association had several.  These seminars are a great way to get useful, practical knowledge about operating your store, keep up on industry trends, meet people from different markets and get ideas on how to improve your business.

By the way; the CLA can also be an ongoing source of knowledge and training as there are also local chapters that meet quarterly.  Training by an expert and meeting with other owners to share ideas is something we all can do through the CLA on a regular basis.  There are several benefits to the CLA member including free admission to the above mentioned quarterly meetings, an industry periodical, hosting of web sites and tried and tested premade mailers or door hangers.

You will see all of the manufacturers of laundry equipment at the Clean Show.  If you are a new owner or just thinking about getting into the business you will be learning more and more about the various manufacturers of coin laundry equipment. The Clean Show affords you a unique opportunity to get up close and personal with them. Some think that equipment is equipment; as long as it goes around and around with some water it should do the trick, right?  Of course there are differences of opinion but for you to develop yours I would highly recommend you evaluate to your satisfaction.

The various manufacturers are all there and happy to speak with your about who they are and why you should buy their equipment.  Again, this is a huge decision; you are going to be using this equipment and deriving a majority of your revenue for many years to come so you need to know who you can rely on and why.

To a degree the manufacturer is your partner. You want to know they have reliable equipment, will continue to innovate, will serve you and will be there for the long run.

The other partner you will have in our laundry business is your Distributor. Though Distributors typically don't have a booth we are all at the Clean Show.  Set up meetings with your sales person so you can meet others in his or her organizations so, like the manufacturers, you can develop and strengthen that partnership. I assure you both the distributor and the manufacturer want to be your partners and help you be successful.

Of course you need other things besides washers and dryers in your store.  You'll see change machines, payment systems, furniture manufacturers, lending sources, vending machines and suppliers of various vended products.

Like any business you want to make your Laundromat efficient and consistent. Why reinvent the wheel with each new store? Why use four different manufactures of equipment? Why deal with different distributors? Between now and the next Clean Show in Atlanta in 2015 start to take stock of what is working in your store or other successful stores.

You probably don't want to live in a cookie cutter house in a cookie cutter neighborhood but I would submit that the more efficiency and consistency you have in your stores the more efficient, consistent and SUCCESSFUL you will be!

Categories: BizBen Blog Contributor, Buying A Business, How To Buy A Business, How To Sell A Business

Contributor:

Steve Erlinger
Areas Served: Southern California
Phone:  949-500-5893 Cell, 949-500-5893 Text
I specialize in the laundry industry broker and consultant in Southern California. I assist buyers navigate the many facets of finding, evaluating, and operating a laundry business. I also help current laundry owners find additional stores, sell, evaluate an existing laundromat. Call 949-500-5893.






  Helpful Resources To Assist In Selling And Buying California Businesses
Steve Erlinger: Laundry Broker, Consultant - Southern California

I specialize in the laundry industry broker and consultant in Southern California. I assist buyers navigate the many facets of finding, evaluating, and operating a laundry business. I also help current laundry owners find additional stores, sell, evaluate an existing laundromat. Call 949-500-5893.

Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs

Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.

Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence

I have 32 years experience in the laundry industry, specializing in assisting laundry buyers with buying or starting up, building, re-tooling, laundries throughout CA. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations. Call 619-227-5711 (Cell).

Larry Larsen: Laundry Consulting, Brokerage, Insurance

I have over forty years of experience in the sales, ownership, management, and construction of coin laundries. He is a licensed broker active in the sale of coin laundries, a licensed insurance agent specializing in coin laundry insurance. Phone me at 714-630-9274 or 714-630-Wash.

Mike Hurrell, Broker: Laundry Specialist - Southern California

Providencia Properties Inc in association with Golden State Laundry Systems is a full service Coin Laundry Real Estate Broker. At GSLS you will receive personalized attention from our professional staff of coin laundry experts. To sell or buy a Southern CA laundromat call Mike at 310-223-2240 X209.

Brad Steinberg, Business Broker: Laundromat Specialist

PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.

Shalonda Chappel-Pilgram: Escrow & Bulk Sale Services - Southern California

Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.

Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
Increasing Your Laundry Business, Getting Your Laundromat Ready For Sale

Running a laundromat is simple, yes, but it's not easy. In this article Steve Erlinger - Laundry Broker & Consultant at 949-500-5893 will cover what it takes to increase business and get your card or coin, laundromat in top shape ready to sell for top dollar in any economic environment.

Buying A Laundry: Coin Operated Laundromat Or Card Operated Laundromat?

More and more we see "Coinless Laundries". Anyone in the business or entering the business will face the age old question; Coin or Card? Well, perhaps it's not an age old question, but it is a question worth considering. Steve Erlinger (Laundry Broker & Consultant at 949-500-5893) explains.

What Critical Factors Contribute To Coin & Card Laundry Business Valuations?

We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.

Interview: With Chuck Post On How To Buy A Laundry Business Successfully

Chuck Post (and his Associate Chris Mason) a California laundry consultant, due diligence specialist, buyer representative for laundry buyers shares his thoughts with Peter Siegel, MBA on this BizBen Podcast & Webinar. Chuck and Chris cover all related topics on buying a California laundromat.

FREE Online Webinar This Week: For Buyers - How To Buy & Value Laundromats

Chuck Post hosts this live FREE online webinar on How To Buy & Value A California Laundromat. Webinars are scheduled every week! Have your questions ready for an open and honest discussion about both the pros & cons of the laundry business. Phone 619-227-5711 for more information & to RSVP today.

Determining The Value Of A Laundry Business: What Factors Are Important

Steve Erlinger (laundry Broker & Consultant at 949-500-5893) discusses how to value a laundry. Issues that affect a value include: demographics, the lease, past financial performance of the laundromat, age and condition of the equipment, utility costs, competition and other factors all play a role.

FREE Live Laundry Seminars For Buyers: See Our Upcoming Schedule Of Seminars

Looking to buy or start up a card or coin laundromat? PWS Laundry is presenting their schedule of upcoming Seminars for laundry buyers & entrepreneurs. These informative live Seminars will cover an overview of the laundry industry, selecting the right location, an overview of leases, Q&A, plus more.

Laundry Expert Reviews: The Laundry Lease And Its Effect On The Valuation

Read why longer leases increase the value of a card or coin laundromat when buying or selling a laundry. Chuck Post (Laundry Broker, Consultant at 619-227-5711) expands on the topic of lease structures on the purchase or selling of a laundromat. Laundry sellers and buyers will want to read this.


Larry Larsen Laundromat Broker
Steve Erlinger Laundromat Broker
Golden State Laundry System Laundry Business Brokers
Chris Lazurik Business Broker
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