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May 15, 2012

OMAHA, Neb. — Great opportunity for unveiling fresh look at your store

OMAHA, Neb. — Have you recently upgraded your washers or dryers, changed your services or finished a retool? If the answer is yes, a grand reopening should be in your future.

A grand reopening is a great opportunity for your current and new customers to get a fresh look at your store. Although a small financial investment is required, the return can be significant for both you and your customers.

Timing

The event should be held to celebrate new machines in your store. If you’ve recently replaced all of your washers, for example, an event to highlight this shows customers your commitment to both the store and their business.

To really show off your store, make sure everything is in place. When hosting a grand reopening, you should take the time to paint the walls, wax the floor, replace stained ceiling tiles, and add new signage. Although not all of those fixes may be necessary, an event is a great time to evaluate the condition of the store. Customers assume you have functioning equipment, but the difference between your store and the one down the street lies in the details.

Now that you know what qualifies as an appropriate time to have a grand reopening, when should you actually host the event?

Although weekends are most likely your busiest period of the week, they still provide the best time for your event. More people can attend then than during the week, and it shows that you, as an owner, want to thank them for their business during a convenient time.

Market the Event

To draw the most traffic to your event, a little marketing is needed. Direct-mail pieces, flyers, or door hangers are always good options.

Also, consider community newspapers and local radio stations as a means to reach clientele.

Social media sites are another place to publicize your event. If your store currently has Facebook, Twitter or other social media accounts, make sure to promote the event through these channels. You can also offer an incentive to customers who check in to your event on Facebook Places or Foursquare.

Word-of-mouth advertising is the most flattering form of marketing. Make sure to tell current customers about the event and its highlights. They can tell their friends and family, who could wind up using your store’s services.

Activities and Promotions

If you had a grand opening, many of the events that happen during the grand reopening will be similar. When it comes to the activities offered, make sure you’re aware of your demographics.

An idea that I’ve seen work extremely well in the past is reaching out to a local radio station that resonates with your target consumer. If you have a significant Hispanic population, for example, the Hispanic radio station may be willing to broadcast from your store. The presence of the radio station will attract your primary target audience.

It’s important to plan family events as those customers bring in the biggest loads. For example, project a movie on the side of the building and create a drive-in atmosphere. This shows that you’re in tune with their needs.

Offering food at your event is essential. It can be something as simple as having a barbecue with hot dogs and hamburgers, which shows your customers that you appreciate their business—building loyalty in the process.

Promotions going on during your event draw new customers into the store. They should coincide with the machines you just replaced. For example, if you just had all new dryers installed, you may want to offer free dry time. If you’ve replaced washers, offer half off certain wash cycles. Either way, provide an incentive for customers to use the machines and become familiar with them.

You may also want to offer some sort of giveaway—especially if it ties into your new machines. For example, if you recently replaced your top loaders with front loaders, you may offer your customers a sample of high-efficiency soap. This will help them become familiar with your product, keeping them coming back regularly.

Making the Impact Last

During your event, it’s important to connect with your attendees and build a relationship that makes them become repeat customers.

In order to make a new customer a regular, you should make sure to promote your weekly specials at the event. If you offer dollar-off washes on Tuesdays and Thursdays, let your attendees know that through handouts and by word of mouth. Make sure to print materials in both English and the language spoken by most of your customers. This ensures that customers will not only understand your message, but it will help them feel welcomed at your store.

Store owners should aim for a 25-30% increase in customers following the event. Have a sign-up sheet for promotions at your event to help keep customers coming back. This can be hard to measure, but it’s not impossible.

Tapping Your Distributor for Help

If having an event at your store seems overwhelming, or if you just would like extra guidance, contact your distributor. They have been a part of events like this in the past and can offer best practices that they have found to be successful in your area.

On-Going Customer Marketing

Even after the grand reopening, you must continue to attract new customers and retain the ones you have. Try to connect with your customers every month by offering a promotion to show that you value their business.

With proper planning and execution, a grand reopening is the perfect opportunity to show how your laundry fits into the community and can help you grow your business in the process.

April 2, 2012

FORT LAUDERDALE, Fla. — The conference will focus on increasing profits through business cycle changes and

FORT LAUDERDALE, Fla. — The 2012 Spring Educational Conference of the Multi-housing Laundry Association (MLA) will focus on increasing profits through business cycle changes; interviewing, hiring and evaluating employees; and the political picture of 2012.

Also, the group will bring back its popular route operator roundtable discussion.

The Ritz-Carlton Fort Lauderdale (Fla.) will play host to the event on April 22-24.

Three educational sessions are scheduled in addition to MLA committee meetings, networking opportunities and more.

Educational sessions on the tentative agenda include:

The Intersection of Politics and Policy, by Ron Brownstein, National Journal Group.

A two-time Pulitzer Prize finalist, Brownstein explains with lucid precision the complexities of American politics. He appears regularly on MSNBC programs, including Hardball, Andrea Mitchell Reports, and Morning Joe, and has served as a regular panelist on Face the Nation.

His sixth and most recent book, The Second Civil War: How Extreme Partisanship Has Paralyzed Washington and Polarized America, was published in 2007.

Talent Acquisition and Retention, by Deidre Siegel, PEAR™ Core Solutions.

Siegel is founder and CEO of an outsourced, human resources management firm that provides core competencies in behavioral analytics for individuals and in the workplace, talent acquisition strategies, and all levels of human resource support in areas of legal compliance and organizational development pertaining to policies, procedures, process, and people.

Her company has worked with teams in many organizations across a variety of industries. Clients are able to understand their unique business culture in a strategic manner, MLA says, and using this knowledge of specific and unique corporate dynamics, as well as the implementation of proper processes, documentation and communication, remain in growth mode perpetually.

Increasing Profits through Business Cycle Changes, by Alan Beaulieu, ITR Capital Partners.

Beaulieu co-authored Make Your Move, a book on how to increase profits through business cycle changes. He is president of the Institute for Trend Research, principal and managing partner of ITR Capital Partners, and an active member of ITR’s Investment Committee.

Beaulieu has been consulting with companies throughout the United States, Europe and Japan. His firm’s accuracy rate and unique position—with more than 60 years of calls throughout every major historic economic turning point—as well as his extensive understanding of business cycles and the ability to explain the implications makes his presentation unique, MLA says.

Away from the conference, attendees can take advantage of Fort Lauderdale’s art and museum tours, yacht charters, sports fishing, casinos and racetracks, and more.

The reservation deadline has passed at the host hotel, but rooms may still be available. Call 800-542-8680 for information.

MLA membership entitles each company to two complimentary registrations. Additional registrants or guests may attend at a registration fee set to cover the cost of food, beverages, and speaker expenses.

To learn how to register, call 800-380-3652 or e-mail nshore@mla-online.com.

June 7, 2011

June 1, 2011

CHICAGO — American Coin-Op is proud to present the new and improved AmericanCoinOp.com. Not only does the site continue to offer you the features you've come to expect in an updated, reader-friendly design, it offers new features that make it easier to use.

Whether you're looking for an article, survey results or an equipment provider, you'll find it in a single, easy-to-navigate menu that allows you to focus on more (and more specific) content. And an improved search engine returns relevant results more quickly.

The site also offers new ways to interact. You can participate in polls and forums, or see what others in the industry are reading and doing. AmericanCoinOp.com now has an entire section devoted to helping you participate and get involved with the site.

Resource pages now include sections for New Products and Equipment Showcases, where you can read about the latest tools of the trade and request additional information directly from the manufacturers without leaving the site. And there’s more to come—check back often as we roll out more features and interactive capabilities in the months ahead.

Welcome to the new AmericanCoinOp.com!

February 10, 2011

BENTON HARBOR, Mich. — Whirlpool Corp. recently announced fourth-quarter net earnings of $171 million, or $2.19 per diluted share, compared to $95 million, or $1.24 per diluted share reported during the same period last year.

December 30, 2009

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.

ALLIANCE LAUNDRY SYSTEMS

At Alliance Laundry Systems, major goals include offering controls that give store owners greater management and promotional capabilities, and offering many water- and energy-saving features, says Jeff Brothers, vice president of sales for Alliance Laundry Systems (Speed Queen, Huebsch, IPSO, Cissell and UniMac).

“The Quantum and Galaxy control lines recently introduced for Speed Queen and Huebsch, respectively, do just that,” Brothers says. “They give owners the management and promotional features needed to expand their business and overall profit per square foot.”

Developmental projects have focused on reducing costs, such as designing products that keep water and utility usage low. “We also are heavily invested in manufacturing products that help reduce installation costs, as well as [reduce] repair and maintenance expenses.”

Front loader, larger-capacity washer-extractor, and stack tumbler dryer usage is on the rise. “As owners increasingly seek to maximize turns per day, they are also turning to high G-force washer-extractors in the 140 G-force range to accomplish this goal. Higher extract speeds reduce drying time significantly and, as a result, raise customer satisfaction by getting them out the door faster.”

In the past, owners have been inclined to run equipment longer, but today’s models, with great leaps in efficiency and better operating features, have them reconsidering, he says. “The return on investment on equipment upgrades has made retooling laundries more attractive. When that’s combined with tax-depreciation options, there’s an incentive to upgrade equipment sooner.”

[NP][/NP]Today’s equipment is vastly more efficient than that of a few years ago, he says. However, he also believes that the industry is reaching a level of efficiency that will be difficult to improve on without sacrificing cleaning results. On an efficiency scale of 1-10, Brothers ranks washer-extractors between 7.5 and 8, and dryers at 8.5 or 9.

Alliance’s equipment challenge is to deliver desired features and quality to laundry owners at an acceptable price point. “Commodity prices continue to rise, as do most other costs in the manufacturing process, including labor.” Manufacturers will need to carefully balance these costs as well as new-product development costs, he adds.

“Another challenge could be meeting standards if the U.S. Department of Energy decides to expand water and energy-efficiency benchmarks to large-capacity equipment.”

Expect to see more, and larger, front loaders, he opines. “Technology will expand within our industry as store owners see networking as more of a necessity to simplify store operations, especially for multistore owners. Diagnostic capabilities of networking systems also help lower costs associated with service calls.

“I believe that within five years, contactless credit card payment systems will become widely accepted by vended laundry owners.”

AMERICAN DRYER CORP.

“The ES3535 is the latest addition to the American Dryer Corp. (ADC) line of drying tumblers,” says Tony Regan, ADC senior vice president of sales and marketing. “It features a 100% axial airflow design that provides dramatic utility savings. As a true 35-pound tumbler, it boasts a basket capacity that is 17% larger than the previous 30-pound model.”

[NP][/NP]ADC is focusing on energy efficiency with a complete line of tumblers featuring the 100% axial airflow design. “The design saves money, yet does not sacrifice performance. It also promotes the global green movement,” Regan adds.

ADC’s goal has been to develop machines to maximize efficiency, he says. “Tests show we can achieve up to 25% savings without sacrificing performance.”

Another company challenge is to deal with fluctuating raw-material costs, specifically steel prices.

Regan sees more sophisticated owners taking advantage of modern technology to run more cost-effectively. Owners are also taking better care of their equipment. “Equipment is designed to last, but maintenance is critical to achieve this.”

He believes owners will continue to focus on the customer and provide a good, convenient experience. “We are also seeing a continuing trend toward larger-capacity machines.”

Click here for Part 1 of this story!