Alliance Laundry Systems to Acquire PWS
Alliance Laundry Systems has announced that it is acquiring the distribution assets of PWS Inc., the largest distributor of Speed Queen equipment and replacement parts in North America. The deal is expected to close in March. PWS opened in 1968 and maintains offices...HappyNest Adds New California Location
Laundry pickup-and-delivery service HappyNest recently announced the company’s further expansion into Orange, Calif. “Once again, we have found a great partner who will complement our conversion of Springboard licensees in the Orange County area,” said HappyNest...
On the Money
An Overview of the SBA’s 504 Loan Program The Small Business Administration’s 504 Loan program is a powerful economic development program that offers small businesses, such as laundromats, another avenue for business financing, while promoting business growth and job...First Tide Laundromat Opens in Chicago
The first Tide Laundromat recently opened for business in Chicago, on the city’s far north side. According to the Procter & Gamble brand, it is a part of Tide’s strategic focus “to bring innovation and new technologies to the out-of-home laundry services...
Cents Announces $4.25M Financing Round
Cents, a leading business management and in-store operations platform for laundromat owners, recently announced a $4.25 million financing round. The round was led by Bessemer Venture Partners, with participation from Newfund Capital, Riverpark Ventures and 1517 Fund....
Enthusiasm for Our ‘Essential’ Industry
The laundromat business has proven itself to be recession-resistant, pandemic-resistant – and, yes, “essential.” As a result, the industry is growing at a rate at which I’ve never seen before. People are fleeing corporate America to build or buy laundromats. Current...HappyNest Launches Fresno Location
Laundry pickup-and-delivery service HappyNest has expanded its operations into Fresno, Calif. “California became a big growth market in the fourth quarter of 2020 and that expansion is continuing into 2021,” said HappyNest founder John MacKrell. “We are excited to...
The New Investors
As Interest in the Laundromat Industry Grows, Who’s Getting into the Business… and Why? Melody Fanto has never been afraid of hard work. She has been a registered dental hygienist in Long Island, N.Y., for 30 years. In addition, she previously owned an auto repair...
Keep Your Customers Coming Back for More…
…Or Why You Should Eat Pizza with a Knife and Fork I recently popped open a very good bottle of Cabernet Sauvignon, and poured myself a glass. That first sip was amazing. The flavor was beyond overwhelming. Unfortunately, a few minutes and a few sips later, I hardly...
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