One of the most common reasons why some investors don’t invest in laundromats, even in the 2020’s, is because they think the laundromat industry is dying, when that couldn’t be further from the truth. Like any great industry over the last 100 years, the laundromat industry is changing and adapting to the needs of consumers who will likely continue needing laundromats for the next 100 years. How Are Laundromats Changing? Customers want multiple payment options – Washers and dryers cannot accept just cash or coin any longer, they must also accept all forms of payment, including payment from a customer’s … Continue reading Is The Laundromat Industry Changing or Dying in the 2020’s?
If you have friends or family in California, you know the state has been in a mega drought for years that never seemed to end. Thankfully, with a huge onslaught of rainstorms in recent months, California’s lakes and reservoirs are now full and with huge snowpack in the local mountains, it’s looking like California finally is going to have a year without drought. Over the years that the state has been grappling with drought, the laundry business has quietly thrived behind the scenes because of one simple reason, California residents have been asked to conserve water at home, so they’ve … Continue reading How The California Drought Has Been Good for The Laundry Business
Juliette, the innovative laundry and dry-cleaning company that sits at the intersection of fashion, lifestyle, and technology, continues to thrive in spite of the challenges faced over the past two years: While the industry lost approximately 80 percent of revenue during Covid, Juliette founder and CEO Rechelle Balanzat is making up for lost time surpassing its 2019 revenue numbers last October. The city is bustling with activity again and with it returns a demand for reliable pick up and drop off laundry services. Coming off the financial growth of 2021, Juliette is delighted to announce its expansion, having recently acquired the … Continue reading Laundry Tech Company Juliette Acquires New Manhattan Facility