The laundromat industry is changing rapidly. Once made up largely of one-store mom-and-pop operations, today, well capitalized investors are discovering the great return on investment. And these newcomers are planning for multiple locations out of the gate. It’s about scaling and scaling fast.
Mike Hand of CLEC, a factory-direct Speed Queen distributor, recently penned a column on scaling the business, which appeared in American Coin-Op. The article, “Scaling Business Relies Heavily on Having Right Team,” is also appears on the publication’s website in two parts.
In the article, Hand discusses basics such as choosing a highly experienced partner, which will speed up permitting, financing and other elements. He also positions technology as a cornerstone element to scaling not just quickly, but in a way that makes management infinitely easier and able to be accomplished from greater distances.
To read the full article at American Coin-Op, click here.
