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Published 11/27/2009 - 9:56 a.m. CT
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Purchasing insurance can be a daunting task for many business owners. It may seem comfortable to just stay with the carrier you have always had and not put yourself through the process of answering questions, getting quotes and making decisions. You have so many other things on your plate. Running your business takes every spare minute of your time.
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Published 11/25/2009 - 10:00 a.m. CT
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| Self-Service Laundry Sales for October 2009 Compared to October 2008. |
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CHICAGO — Self-service laundry owners and operators report falling sales again, with owners in the West reporting the biggest drop for the month, according to American Coin-Op’s most recent StatShot survey. Some owners seem to be raising front-load washer prices to help mitigate the losses.
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Published 11/24/2009 - 9:27 a.m. CT
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| Photo: iStockphoto.com/Sascha Burkard |
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SANTA CRUZ, Calif. — Benjamin Burke, 22, allegedly shocked a Santa Cruz, Calif., coin laundry customer with a stun gun, then stole the customer’s laptop computer so that he could sell it to buy drugs, according to the Santa Cruz Sentinal.
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Published 11/23/2009 - 10:00 a.m. CT
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ATLANTA — IPSO recently added Southern Automatic Machinery Co. (SAMCO) in Atlanta as a full-line distributor of its commercial laundry products. SAMCO is responsible for distributing IPSO coin and on-premises laundry equipment in Georgia, Alabama and Tennessee.
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Published 11/20/2009 - 9:38 a.m. CT
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| Photo: iStockphoto.com/pixhook |
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Given the current state of the economy, I’m getting blasted with calls and e-mails asking, “What’s the safest way to play your cards when entering the laundry business today?”
Given that there are no guarantees in any industry, my best advice is to look at purchasing a laundry business that’s already up and running and keep your purchase price between, say, three to four times net cash flow after all expenses and before depreciation.
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