Investment
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Laundry investments have combined growing profitability with a investment framework supported by industry experts.
History of Laundromats
As long as humans have been wearing clothes, they have been washing them as well. Although our early ancestors lacked the stringent laundry technologies we enjoy today, they surely appreciated the scent, feel, and look of freshly laundered clothing and linens. Launderers have been around for centuries, and electric washers were invented in the early 1900s, but the first modern laundromat dates back to 1930s Texas. To better understand the role self-service laundries have played in American households over the decades, let’s explore the history of laundromats.
The 1900s
The first electric wringer clothes washer was developed in the early 1900s. This ancestor of modern washing machines was quite dangerous because the motor rotated beneath the tub and could cause short circuits and shocks if water dripped onto it. This model was modified over the next few decades to improve its safety, convenience, and performance.
The 1930s
The real history of laundromats begins in Fort Worth, Texas, during the Great Depression. The first laundromat, which was known at the time as a “Wash-a-teria,” opened here in the 1930s. Customers loved the self-service format of the store, and soon laundromats were exploding in popularity and popping up all over the country. Typically, customers paid by the hour to use the stores’ electric, coin-operated washing machines. They appreciated being able to use the machines for a low cost, because many families couldn’t afford to purchase personal washing machines at the time. Laundromats allowed people to experience a luxury they wouldn’t otherwise be able to access.
1950s, 1960s, and 1970s
The public laundry concept took off in the 1950s. However, as laundromats gained popularity, the stores became increasingly beat up and battered through customer neglect. Investors began to recognize the importance of a hands-on approach to laundromat management. They invested in equipment maintenance, janitorial services, and extra services (dry-cleaning, wash-dry-fold, tailoring). After a decline in interest in the late 1950s, the self-service laundry industry swelled back up again in the 1960s and 1970s.
Today
Over the past few decades, laundry technology has improved dramatically. Energy-efficient, low-water washers are gaining in popularity, and dryers are much faster than they were in decades past. Although many machines still rely on coin-operated mechanisms, digital card-operated payment systems are also available. Because laundromats typically operate on a self-serve, automated system, their owners can step back and manage their stores from afar. Many laundromats include amenities like free Wi-Fi, TVs, vending machines, and children’s play areas. Besides, it isn’t unusual for laundromats to remain open 24/7, an extra convenience for customers with busy schedules.
Over 2000 laundromats are in operation today in Malaysia, and they generate millions in revenue each year. With a population of 32 million people in Malaysia, the current number of self-service laundry is insufficient to meet the growing market demand.
Make a prudent decision by enrolling in the Laundrybar investment scheme today to secure your future. For further details about our products and services, reach out to us at 03-6279 9010 or contact us online. We eagerly await your connection! Consider the trajectory of the self-service laundry industry in Malaysia a decade from now.
Start your investment journey with
Laundrybar's Investment Scheme
Introducing the Laundrybar Investment Scheme, a fresh investment opportunity strategically tapping into the expansive market of self-service laundry businesses. This scheme stands as the pioneering Self-service Laundry Interest Scheme approved by the Malaysian government and regulated by Suruhanjaya Syarikat Malaysia (SSM).
Annual Interim Yield
From Year 1 - 5*, investors receive a fixed 8% return on investment value per annum
*Guaranteed Pre-Harvest Returns
Low Investment Entry
Take a decisive step towards securing a prosperous future by investing today, with opportunities starting at just RM5,000 per unit
High Returns
Projected returns of 7x ROI and high Annual Average Returns as compared to other investment products
Capital Guaranteed
Full Capital Protection and Return of Your Full Investment On Maturity
Short-Term Investment
High returns of investments in short period of time
Minimal Risks
We have protections to minimise your investment risk
Financially Audited
Audited Independently Every 6 Months for Transparency
Appointed Trustee
UBB Amanah Berhad is responsible in monitoring the rights & interests of investors
Independent Consultant
A laundry expert produces a farm report every 6 months