Laundry Broker Reports On The Latest Trends From The Laundromat Industry
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!
|Helpful Resources To Assist In Selling And Buying California Businesses|
|William Dang, Broker Specialist: Laundromats - Southern CA
Specializing in the sale of laundromats in the Southern California area.
|Deborah Byon, Laundry Broker Specialist - Southern California
Deborah Byon, Agent gives you the expertise to ensure your investment yields superior results. We offer knowledgeable advice on how to successfully invest in a financially rewarding Laundromat business, and our financing options help you invest wisely.
|Peter Siegel MBA, BizBen Founder, ProBuy, ProSell, ProIntermediary Programs
Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
|Norman Kim, Business Broker: LA, Orange Counties, Inland Empire
I am currently specializing in Orange, Riverside and San Bernardino County. Mainly focusing on retail business listings. Specifically, specializing in gas stations, liquor stores, beer & wine markets, coin laundries, and car washes.
|Steven Abraham, Business Broker: Orange County Area
Steven Abraham has 30 Years of Professional Business Broker Experience. He has Successfully Represented both Buyers & Sellers with Business (Bulk Sale) Transactions since 1986. Steven Works for the Leading Real Estate Company in Orange County with more than $5.3 Billion in Sales Annually.
|Sean Edelstein, Business Broker: Southern California
If you're looking to sell your business, I offer maximum confidential exposure to the right Buyers. Competitive commissions with no upfront fees. Restaurants, Manufacturing, Wholesale/Distribution, Retail, Service & Internet based businesses. Call me - Sean Edelstein at 949-682-8711 for more info.
|Chris Kim, Business Broker: Southern California
I offer business broker services in southern California. If you are serious buyer I will find a business you want. I always work hard and I am honest.
|Fred Berlin, Broker - Laundry Specialist - Southern CA.
Elite Business Investments, Corp. specializes in business sales and acquisitions, coin laundry brokers/consultants and commercial laundry equipment sales and remodeling. The firm also maintains a residential and commercial R.E.division.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|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.
|Laundromat Due Diligence - Use Of Water Records, Conducting Investigation
A laundromat needs to be thoroughly looked over before a buyer should complete an acquisition. The income is important of course but, the path forward is even more important. Chuck Post, Laundry Advisor, Due Diligence Consultant offers laundry buyers valuable advise on this BizBen blog post.
|Laundry Broker Explains Laundry Leases: 4 Big Issues For Buyers And Sellers
Chuck Post (Laundry Buyer Rep, Consultant, Due Diligence) discusses what laundry buyers and sellers should consider when reviewing and considering a laundromat lease. A must read for potential laundry buyers and owner/sellers of card and coin operated laundromats. Reach Chuck at 619-227-5711.
|Laundry Broker Reports On The Latest Trends From The Laundromat Industry
Steve Erlinger, (laundry broker specialist/consultant 949-500-5893) reports the latest laundry industry trade show & what's new in the coin and card laundry industry. He discusses what various manufacturers are doing and why laundry distributors can be important ally when buying a laundry business.
|Increasing Your Laundry Business: Getting Your Laundry 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.
|Laundromat Business Valuations: Could Buyers Of Laundries Be Overpaying?
Chuck Post (laundry buyer rep, consultant, due-diligence expert) discusses the factors of appraising laundries. Why such high purchase prices is baffling - many times the value is so misunderstood that it results in laundry buyers over-paying for a laundromat. Reach Chuck direct at 619-227-5711.
|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 Southern CA 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.
|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.