First-time investors can be drawn to the promise of being an “absentee owner,” imagining a steady stream of income without the headaches of daily operations. But reality often tells a different story.

“ The reality is that fewer than 5% of current laundromats are actually operated as fully absentee. Keep in mind that someone has to read the paperwork, the lease, negotiate the agreement for ...

The State of the Industry Survey report provides many statistics valuable to store owners and investors who wish to compare ...

As one of the largest franchise commitments in the out-of-home laundry sector, the deal “significantly accelerates” Tide Laundromat’s expansion in the Southwest, the franchisor adds.

CHICAGO — Based on results from this year’s American Coin-Op annual State of the Industry survey, nearly 70% of owners and operators saw their total business improve last year. How did your operation ...

CHARLOTTE, N.C. — In celebration of National Laundry Day on Tuesday, April 15, LaundroLab is giving back to some local communities it serves by offering free laundry services and family resources at ...

ADDISON, Ill. — Card Concepts Inc. (CCI), a provider of laundromat payment technology, is celebrating 25 years of delivering innovative solutions to the laundry industry. Since its founding in 2000, ...

Commercial lender Eastern Funding will host another in its series of Laundry Business Workshops in Dallas on Thursday, April 10. The four-hour workshop (10 a.m. to 2 p.m. Central) is open to existing ...