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Published 01/06/2010 - 9:58 a.m. CT
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Buying a coin laundry in today’s market is difficult at best, with banks pushing themselves away from the table, not looking to expose their portfolio, while some laundry brokers are making it virtually impossible by trying to sell laundries with few records and/or no audited books or financial statements.
The financial meltdown of 2009 was a bloodbath for many across the country who suffered through what was nothing less than a living nightmare. The banks that are doing deals are now asking for more than 50% cash down and looking for more than a little extra collateral to secure a deal, while some brokers are trying to push their deals without actual records, which shows no integrity.
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Published 01/05/2010 - 10:00 a.m. CT
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| Photo: iStockphoto.com/CamiloTorres |
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ORANGEBURG, S.C. — A man charged with breaking into the Washy Co. self-service laundry in Orangeburg, S.C., tried to cover his tracks by pretending to be asleep, according to police.
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Published 01/04/2010 - 9:20 a.m. CT
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WASHINGTON — The Government Accountability Office (GAO) has released a report that shows the Small Business Administration’s (SBA) oversight of lenders does not adequately reduce loan defaults and losses.
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Published 01/01/2010 - 9:48 a.m. CT
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| Photo: iStockphoto.com/alxpin |
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While a variety of things helps make a self-service laundry successful, there’s no doubt that the equipment plays a vital role.
What are some of the newest equipment offerings? Can equipment become even more efficient? What lies ahead? We posed these questions, and others, to representatives from some of the industry’s major manufacturers.
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Published 12/30/2009 - 9:40 a.m. CT
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| Photo: iStockphoto.com/alxpin |
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While a variety of things helps make a self-service laundry successful, there’s no doubt that the equipment plays a vital role.
What are some of the newest equipment offerings? Can equipment become even more efficient? What lies ahead? We posed these questions, and others, to representatives from some of the industry’s major manufacturers.
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