The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 14, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
PWS is Expanding Its CA Laundromat Locations


PWS, the nation’s largest developer of new laundromats and the premier broker of existing laundromats, is developing five new locations across California, with another two locations in final lease negotiations.

The new retail laundromats will serve customers in Angels Camp, Citrus Heights, Modesto, Orange and Salinas, Calif. Most of them will operate under the brand name SpinCycle Laundry Lounge. PWS is also close to finalizing deals in San Francisco and Long Beach.

Brad Steinberg, Co-President of PWS, said that current market conditions favor the business type. These conditions include an increasing number of renters who are the primary customer of self-service laundromats, the availability of prime neighborhood retail real estate locations, increased flexibility on the part of landlords who often cover the cost of build-outs, and demand for the operating businesses by entrepreneurs.

“Laundromats are stable, consistent performers as operational businesses. They are Covid-resistant as an essential business, Amazon-resistant, and recession resistant. These are all great locations,” Steinberg said.

The new laundromats range in size from 1.4k sf to 5.6k sf. All leases are 10 years with multiple five-year options.

PWS builds state-of-the-art retail laundromats and typically sells them to independent operators. The laundromats the company develops feature modern materials and fixtures, are extremely energy efficient and provide a truly enjoyable experience for patrons.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media