by Editor | Oct 23, 2020 | Industry News
Coin-O-Matic, based in Alsip, Ill., is teaming up with Tony Fremarek, the owner and founder of A Fractional CFO, to present a webinar on bonus depreciation at 10:00 a.m. on October 29. Bonus depreciation is a tax incentive that enables laundromat owners to deduct up...
by Editor | Oct 21, 2020 | Highlights, Industry News
Delaware Gov. John Carney, Delaware State Housing Authority Director Anas Ben Addi, local legislators, town officials and members of the business community recently celebrated the grand opening of Splash Laundromat – and presented owners Enrique and Veronica Nunez...
by Editor | Oct 21, 2020 | Industry News
EVI Industries Inc., headquartered in Miami, has executed a definitive merger agreement to acquire commercial laundry distributor Yankee Equipment Systems Inc., based in Barrington, N.H., for $13.5 million, to be paid in a combination of cash and EVI common stock. The...
by Editor | Oct 13, 2020 | Highlights, Industry News
U.S. Senators Mike Enzi (R-Wyo.) and Maggie Hassan (D-N.H.) have introduced bipartisan legislation to allow the U.S. Mint to adjust the metal content of circulating coins in an effort to save taxpayer dollars. The Mint estimates that, by adjusting the metal content of...
by Editor | Oct 13, 2020 | Industry News
Payment systems provider ESD recently teamed up with Cents, a business management software company. Through this partnership, laundromats that currently feature ESD’s card reader equipment now have access to the Cents operating platform – with a no-cost delivery...
by Editor | Oct 9, 2020 | Industry News
Star Distributing – headquartered in Nashville, Tenn. – has named John Herron vice president of sales. In his new position, Herron will be responsible for the company’s sales efforts within the vended laundry and OPL segments. He will serve operators in Tennessee,...