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Industry Experts Discuss Their ‘Formulas’ for Increasing the Value of Your Laundry Business The valuation process of a self-service laundry is an art, not a science. Therefore, when it comes to boosting a store’s value, absolute formulas won’t necessarily work for every single laundromat...
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An Interview with Economic Forecaster and Business Author Dr. Alan Beaulieu One of the country’s most informed economists, Dr. Alan Beaulieu is the president of ITR Economics. Since 1990, he has been consulting with companies throughout the U.S., Europe and Asia on how to forecast, plan and...
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Louisiana Store Owner Pulls His Community Together Through Popular Barbeque Cookouts When one of the local elementary schools in Lake Charles, La., was looking for ways to increase parent involvement and boost attendance at its PTO meetings, the principal called local laundry owner Paul Pettefer...
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Jim Mason South 4th Street Mega Grande Laundromat DeKalb, Ill. Before Getting into the Laundry Business… Jim is a real estate investor who has serviced the laundry equipment in his apartment buildings all over the Midwest for 30 years. Store Opening May 22, 2015 Business...
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Store Owners Share Some of Their Laundry Business Miscues “We should not look back unless it is to derive useful lessons from past errors, and for the purpose of profiting by dearly bought experience.” – George Washington Even successful, long-time laundry owners make mistakes. The...
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An Interview with Author and Demographics Expert Paul Taylor Paul Taylor is the author of “The Next America: Boomers, Millennials and the Looming Generational Showdown.” The book draws on his work at the Pew Research Center, a non-partisan “fact tank” that provides information on the issues,...
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Smart Moves for Your Money in 2016 In my opinion, the best tax shelter that exists is a retirement plan. The most common retirement plans are IRA’s (Individual Retirement Accounts), profit sharing plans, 401(k) plans, SEP (Simplified Employee Pension) plans, defined benefit plans (pension...
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The Four Factors That Determine a Successful Coin Laundry Location [This article originally appeared in the December 2009 issue of The Journal of Coin Laundry and Drycleaning. This is the first in an ongoing, periodic series, in which we will resurrect some of the classic, timeless industry...
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Recapping the Issues That Defined the Year – And Looking Ahead to 2016 In odd-numbered years, typically nothing that occurs in the self-service laundry industry can steal the spotlight from the Clean Show. And 2015 – with the industry’s trade show and convention returning to Atlanta this past...
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An Interview with CLA Member of the Year Tom Rhodes At Clean 2015 in Atlanta this past spring, second-generation, multi-store owner Tom Rhodes was presented with the Coin Laundry Association’s Member of the Year award. As a member of the CLA Board of the Directors, as well as the current vice...
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A Primer for Today’s Self-Service Laundry Operator Hot water – along with total water usage (and the demand for both in the latest generation of washers) – is as much as 65 percent less than it was for most washers when I started in this business in 1979. With that said, we regularly hear...
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Tips for Planning and Designing Your New Self-Service Laundry Business for Maximum Effectiveness and Customer Convenience [The following is an excerpt from the popular laundry business book, “Secrets of Buying and Owning Laundromats.”] When planning and designing your store, whether...
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Now More Than Ever, Women Laundry Owners are Being Heard and Making a Difference Pat Cunningham was in junior high school when Title IX passed. The groundbreaking statute essentially ended gender inequity for every educational initiative that receives federal funding, including sports programs....
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Key Factors to Consider When Choosing a Point-of-Sale System for Your Business So, you own a self-service laundry, and you either currently offer a wash-dry-fold drop-off laundry service or are considering adding such a service to better help meet your customers’ needs and increase your store’s...
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An Interview with Michigan Laundry Owner Mark Murray Mark Murray is president of the Adrian Image Center, which features a 4,000-square-foot self-service laundry – along with a tanning salon, fitness center and car wash business – based in Adrian, Mich. Mark has been involved with the...
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Chris and Josie Asanya Clothes Quarters Laundromat Winooski, Vt. Before Getting into the Laundry Business… Chris is an attorney. Store Opening February 8, 2015 Business Hours 7: 00 a.m. to 9:00 p.m. daily Staff “There are no employees,” Chris said....
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Running a Self-Service Laundry in Rural America Rural laundromat. At first glance, it’s almost an oxymoron. Just like “jumbo shrimp,” “deafening silence,” “virtual reality” and “random order,” the term “rural” simply should not be used to describe a self-service laundry. After all,...
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An Interview with International Council of Shopping Centers Spokespeople Jesse Tron and Noelle Malone Founded in 1957, the International Council of Shopping Centers is the premier global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include...
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Kelly Corbett and Pat Cunningham Lafayette Laundry Detroit, MI Before Getting into the Laundry Business… Kelly was a nurse, and Pat worked as an underwriter for Blue Cross Blue Shield. Store Opening August 17, 2013 Business Hours 7:00 a.m. to 9:00 p.m. daily...
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Negotiating Strategies and Tactics for Your Next Laundromat Lease Since there have been self-service laundries, there have been landlords. And, since there have been landlords, there have been leases. Of course, in the beginning, these were simple one- or two-page documents. However, over...
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