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Published 07/03/2009 - 9:59 a.m. CT
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Going cashless at a self-service laundry is more complex than just taking quarters out of play. Operators have a variety of options when it comes to implementing a cashless solution.
First, starting a machine by swiping a reusable card instead of dropping quarters will always appeal to some owners. In addition, cashless systems can allow owners to monitor sales, collections and system status from an outside location. Price changes can be made quickly. Marketing activity, such as loyalty programs, can be implemented.
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Published 07/01/2009 - 9:22 a.m. CT
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| Photo: iStockphoto.com/Norman Chan |
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Whether initiated by a new investor or an industry veteran, when a new self-service laundry goes up, the decision to go cashless remains a key question.
While the cashless concept has been around for some time, some operators still have questions about it. What cashless myths exist? Is the cashless option only beneficial for larger stores? What mistakes can owners make when implementing a cashless system?
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Published 06/30/2009 - 10:01 a.m. CT
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RIPON, Wis. — Alliance Laundry Systems has won Wisconsin’s Export Achievement Award in the large manufacturer category. The Export Achievement Award honors Wisconsin companies that have had success marketing their products internationally and have helped contribute to Wisconsin’s ability to compete in a global market.
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Published 06/29/2009 - 10:43 a.m. CT
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| Photo: iStockphoto.com/TommL |
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WASHINGTON — Unit shipments of major appliances such as washers and dryers fell more than 17% in May, marking the sixth consecutive month of double-digit declines in factory sales, according to the Association of Home Appliance Manufacturers (AHAM). Shipments fell nearly 1 million units in May and were down 5 million units, or nearly 17%, in the year to date.
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Published 06/26/2009 - 9:48 a.m. CT
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There seems to be a common misconception that there is no single time that’s better than another to sell a laundry, but that’s only a myth. The laundries that are showing a nice cash flow are the first choice of today’s investors, who would otherwise have to dive in full-force to build a new business from the bottom up. Investors are first looking for verifiable income from not only those operators who are keeping good books and records, but also those who are managing the business for exactly what it’s supposed to be — a business.
Today’s buyers want an almost perfect scenario: a business from which they can draw immediate cash after all debt service. That’s why those of you who are keeping good books and records are going to have a much easier time selling your business — not to mention doing it faster and for a higher margin — than those who suck the business dry and say “just trust me” when it comes time to sell. Who do they think they’re kidding?
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