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 Laundry Capital Co., is the largest operator of laundry superstores in the U.S. We have been successful because we ignore the norms, reject the status quo and have become the leader in the self-service laundromat industry by turning the traditional paradigm of the business upside down.
A typical neighborhood offers laundromats with 25 to 40 machines in cramped 1,500 square foot, run down properties. In contrast, Laundry Capital offers customers large, open and bright "super" stores of 3,500 to 7,500 square feet, with the convenience of an average of 120 machines, and the benefits of clean rest rooms, uniformed attendants, large folding areas, climate control, snacks, beverages, and cable televisions.
All of our sites have ample, well-lit, on-site parking, video surveillance, full-time, well-trained attendants and state-of-the-art security systems because our customers' health, well-being and safety are very important to us. You see we are not just in the laundry business to be a part of this industry; we are championing a revolution that is fundamentally changing the way in which the laundromat industry operates.
Laundry Capital Co., and its affiliated chains of laundromats, Laundromax and Clean Rite Centers, have developed, opened and/or operated over 100 stores. The Laundry Capital family of companies is the largest operator of retail laundromats in the USA.
Laundry Capital's senior management team brings together more than 100 years of combined experience in real estate, development and laundromat operations and management. Our team brings chain store style management and operations savvy to a business that has long been held back by "mom and pop" style stores. Our state-of-the-art laundromats bring vibrancy to a tenant mix and are ideal co-tenants. Our customers have time to shop in center stores, while they wait for their laundry, and they do so, every week, on a year-round basis. Laundry Capital also offers stability. We have never closed a store in the decade we have been in business. With an average leasehold and equipment investment of $750,000, Laundry Capital commits to a location for the long term. We prefer to purchase properties, but also lease locations, typically signing a lease with a 20 year base term. If you want to know more about the staying power of Laundry Capital, we will furnish you with a list of our landlords upon request.
For these reasons and others, Crain's Business, New York referred to Clean Rite Centers as the "Gold Standard" of the laundromat industry. In order to maintain this lofty moniker, the Laundry Capital family of companies pays particular attention to customer service and convenience. Visit one of our stores today and see our "Gold Standard" for yourself.
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