Landlord Waivers vs. Landlord Lender Agreements
Landlord Waivers vs. Landlord Lender Agreements When working with new borrowers who plan to replace equipment, build or purchase a laundromat, Eastern Funding sometimes requires that the landlord of the space sign a Landlord... Read More
4 key facets of operating a laundromat
According to an expert in the laundromat industry, there are four key areas every coin-operated laundry owner should focus on. According to an expert in the laundromat industry, there are four key areas every... Read More
4 key facets of operating a laundromat
According to an expert in the laundromat industry, there are four key areas every coin-operated laundry owner should focus on. According to an expert in the laundromat industry, there are four key areas every... Read More
Eastern Funding to Host Educational Event
Eastern Funding will host a fall educational conference for laundry owners on November 20 at the company’s headquarters in New York City. This event, scheduled for 3 p.m. to 6 p.m., will feature Coin Laundry... Read More
Take advantage of energy rebates
Take advantage of energy rebates There are a number of aspects of running a laundry business that new entrants to the sector frequently do not anticipate. One of those aspects is the need to... Read More
The value of laundromat location
While there are many factors you should consider when purchasing a laundromat, location is one that should not be overlooked. Approximately 85 percent of laundromat customers said that their decision on which laundromat to... Read More
Avoiding the pitfalls typical of failing laundromats
When a laundromat fails, it is typically due one of the same few reasons. Laundromats run into the same pitfalls as other small businesses, and when owners can’t find a way out, they are subject... Read More
Important laundromat safety precautions
While it may seem that a laundromat is a relatively safe place to be, there are always accidents that can happen for which you may be held liable. For this reason, it is essential... Read More
Create a schedule to ensure your machines work
What works for one laundry business may not work for another, but one constant of successful laundromats is that all machines are kept in working order. While having a few broken washers or... Read More
How your laundry business can make extra money
Laundry and drying are your bread and butter as a laundromat owner, but that is no reason to ignore other sources of income. When customers are doing their laundry, they are a captive audience.... Read More