Implement a regular cleaning schedule
Implement a regular cleaning schedule One of the most important day-to-day tasks associated with running a laundry business is keeping the establishment clean. A clean laundromat is attractive to customers and will ultimately attract... Read More
The Eastern Way: Fundamental #4 – Just do it
The Eastern Way – Fundamental #4: Just do it This week’s fundamental was written by Margie Colangelo. Margie joined Eastern Funding’s Specialty Vehicle division in 2013. She has over 30 years of experience in... Read More
Eastern Funding: A partner throughout the business life cycle part 1
Eastern Funding: A partner throughout the business life cycle The business life cycle is a commonly referred to set of seven stages through which most companies pass. Each stage is characterized by distinct focuses,... Read More
Consider a vending machine for added profit
Consider a vending machine for added profit Chances are good that you pay a lot for every square foot of your laundromat, so every piece of floor space needs to be producing in one... Read More
Use Interest on Tenant Improvements and Betterments
Does your lease include a mutual subrogation waiver? In many cases, laundry business owners pay for improvements to a property that they are renting. Sometimes, these are improvements that can be dismantled and removed... Read More
Does your lease include a mutual subrogation waiver?
Does your lease include a mutual subrogation waiver? There are many elements of running a successful laundry business that are not clear cut. Leases, contracts and other legal agreements frequently include language that it... Read More
Should I advertise my laundromat?
Should I advertise my laundromat? Many new laundromat owners are unsure as to whether they should invest in advertising. If you aren’t looking for it, it can be easy to assume that most laundromats... Read More
Preparing a business plan to repay your loan
Preparing a business plan to repay your loan When determining what level of finance to offer qualified laundry business owners and investors breaking into the field, Eastern Funding considers a variety of factors. It... Read More
Why every laundromat should install security cameras
Why every laundromat should install security cameras Self-service Laundromats, especially those that are open 24 hours and do not have attendants, are more susceptible to crime than other businesses. As a result, installing security... Read More
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