PlanetLaundry Podcast
America’s #1 Resource for Vended Laundry News & Info
PlanetLaundry is the official publication of CLA and is trusted by thousands of laundry professionals to deliver the latest news and industry-specific topics.
Getting Paid, Part 1
Payment Options and Considerations for Today’s Laundromat Owners [This is the first of a two-part feature on payment acceptance options for laundromat owners.] As a laundromat owner in 2022, you need to give yourself as many opportunities to succeed in your business...
Doing ‘Good’ Close to Home
Laundry Capital’s Commitment to Bettering the Communities It Serves It takes more than money and desire to better a community. Just ask Alex Weiss. He should know. Weiss is the owner of Laundry Capital Co. LLC – whose affiliated network of stores owns 80 Clean Rite...
The Power of a Pro Forma
Don’t Neglect One of Your Laundry Business’ Most Important Planning Tools Whether you’re purchasing and renovating an existing laundromat or starting one from scratch, a pro forma income statement is one of an investor’s most important tools in not only attaining...
Headlines
Tax Changes Taking Effect in the New Year
On January 1, 38 states enacted noteworthy tax changes, according to a report by the Tax Foundation, an independent tax policy nonprofit organization. Most of these changes represent net tax reductions, which are the result of an unprecedented wave of rate reductions...
Cents Launches Lending Service
Venture-backed technology company Cents has unveiled a new lending arm – Cents Capital, which was created to facilitate low-interest loans for its customers. This new offering will help laundry owners grow their businesses, whether it be through expanding their...
Paving the Way for Future Generations
An Interview with Carol Dang of Elite Business Investments Carol Dang is the vice president of Elite Business Investments Corp., a laundry equipment distributorship and business broker headquartered in Valley Village, Calif. – a company she founded in 2008 with her...
Laundromat Software Startup Raises Pre-Seed Funding
Turns, a vertical SaaS startup for the laundry industry, has raised $500,000 in pre-seed funding, led by Better Capital, along with participation from PointOne Capital and a group of angel investors. Turns provides laundromat owners with an integrated software and...
Laundry Owner to Speak at Women’s Conference
Monica Wales, owner of Happy Laundry in Spokane, Wash., will be a featured speaker at the upcoming WE Ignite Conference 2023, a virtual event scheduled for February 9-11. Wales’ interactive session – “From Paycheck to Paycheck to Abundance” – will be held at 1:00 p.m....
Section 179 Deduction Limit Increased for 2023; Bonus Depreciation Amount Decreased
The Section 179 deduction for 2023 is $1,160,000, which is an increase from $1,080,000 in 2022. All U.S. companies can deduct the full purchase price of all qualified equipment purchases, up to the limit of $1,160,000. In addition, the “total equipment purchase” limit...
SDA’s Cleaners Showcase Free to CLA Members
The Southwest Drycleaners Association recently announced that conference registration and housing is now open for Cleaners Showcase 2023, which will be held April 28-30 in Irving, Texas. Registration is free for Coin Laundry Association members, while non-members are...
Managing Your Fleet, Part 3
A Look at One of the Most Critical Aspects for Successfully Scaling a Pickup-and-Delivery Service [This is the third of a three-part feature article on managing a fleet of laundry delivery vehicles. Here are links to Part 1 and Part 2.] One of the main elements in the...
CLA Announces Connect LIVE Events for 2023
The Coin Laundry Association has scheduled 10 Connect LIVE events in select locations for 2023. The main purpose of the events is to provide opportunities for laundry owners to network and share ideas over dinner at a local restaurant. The events scheduled for the...
SBA Adjusts Disaster Loan Program
The U.S. Small Business Administration has announced it will waive the interest rate for the first year on new disaster loans and extend the initial payment deferment period automatically to 12 months. “We must ensure that communities struck by disaster have the help...
Managing Your Fleet, Part 2
A Look at One of the Most Critical Aspects for Successfully Scaling a Pickup-and-Delivery Service [This is the second of a three-part feature article on managing a fleet of laundry delivery vehicles. You can read Part 1 here.] Make no mistake: your delivery vans are...
Six Regulatory Issues to Watch in 2023
Human resources and payroll solutions company Paychex recently unveiled its annual list of the most prominent regulatory issues employers will need to contend with in 2023. Here’s a look at the leading compliance-related topics laundromat owners should keep an eye on:...
SPONSORED CONTENT
This Month's Issue
- Metrics That Matter: Profit, Performance, and Planning in Vended Laundry
- Women In Laundry: Haley Gould Finds Perfect Fit
- Company Close-Up: Company Founded to Help Small Businesses Shines
- New Member Spotlight: How Robotics Could Change Laundromat Industry
- And More…
THE LATEST ON LAUNDROMATS
Industry News
Star Distributing Celebrates 65 Years of Industry Service
Established in 1958 by Durwood R. Davis Jr., Star Distributing – headquartered in Nashville, Tenn. – this year celebrates 65 years of serving the laundry industry. A long-time full-service distributor, Star has provided laundromat owners in the Southeast with sales,...
EVI Reports Record Growth
EVI Industries Inc. recently reported record results in key financial metrics for the fourth fiscal quarter and the fiscal year ended June 30, 2023. The company also announced that its board of directors has declared a special cash dividend on the company’s common...
Tide Opens Third Chicago Laundromat Location
Tide Laundromat has announced the opening of its third Chicago location in the city’s North Riverside neighborhood. To celebrate the grand opening, the community was invited for a Free Wash Weekend on October 14-15. “We are thrilled to open our third location in the...
Laundrylux Distribution to Host Educational Events
Laundrylux Distribution will host The Laundry Experts Forum, a series of free educational and networking events focused on laundromat owners and potential investors in the vended laundry industry. These events will take place at four separate locations and will...
New Jersey’s Minimum Wage to Exceed $15 Per Hour
New Jersey’s statewide minimum wage will increase by $1 to $15.13 per hour for most employees on January 1, 2024. This surpasses the goal set by legislation signed by Gov. Phil Murphy in February 2019 to raise the minimum wage to at least $15 per hour by 2024. “When I...
FROM YOUR FAVORITE INDUSTRY EXPERTS
Columns
The Laundry Doctor
Kaizen: Get Better at Getting Better
Improve Productivity by Embracing This Japanese PhilosophyYears ago, my good friend and fellow store owner Paul Pettefer and I began work on an employee manual. We wanted to create the best possible set of processes and procedures for our businesses and staff...
The Business Mind
The Psychology of Loyalty
How to Develop an Impactful Customer Loyalty Program for Your Laundry Business Consumer loyalty is mighty fickle these days. In fact, it’s been estimated that 77 percent of current brands could simply disappear and no one would really care. This likely applies to...
Wash With Wally
Wash with Wally: Dealing with a Dryer Fire
I recently had a dryer fire at my laundromat. A customer had placed a mix of synthetic, nylon and cotton garments into one of my dryers at the “hot” setting for more than 45 minutes. There was no type of electrical issue with the dryer. In fact, the dryer worked...
Viewpoint
A New Laundromat in the Neighborhood?
Not that long ago, I had a competitor build a store right across the street from me. Literally, I could stand at the front door of my laundromat and throw a rock through his window. (Just for the record, I didn’t.) Fortunately, it takes a while to build a store from...
Digital Marketing
Reaching Out to Today’s ‘Omni-Shopper’
How to Unify Your Business’ Online and Offline Experiences We’ve been living in an “omni-channel world” for a while now. What does that mean? It means your customers aren’t just looking you up online or finding your ad and making a decision. They’re looking everywhere...
Strategic Corporate Allies Program
Our Strategic Corporate Allies support CLA’s mission through advocacy, education, and innovation to strengthen the industry, advance our members’ businesses, and prepare the next generation of laundry professionals for the future.
Interested in becoming a Strategic Corporate Ally of CLA? Contact President & CEO, Brian Wallace via email at [email protected] or call (630) 491-0499.
