Your success in the laundry business is directly dependent on the quality and terms of your lease. In most states, the written lease agreement is one of the strongest and most binding agreements you can sign. Over the next several years, 50 percent of laundries that go out of business will do so because of a combination of bad leases and uncooperative landlords. Therefore, negotiating on a “win-win” basis is the best way to assure that you secure the best lease possible for your laundry. Attend this program to learn what makes a laundromat lease different from other retail stores and the key elements that should be included in your lease for the long-term success of your business.

Presented by Karl Hinrichs, Owner, HK Laundry

Speaker Bio

Karl Hinrichs has spent most of his life in laundromats, growing up revolved around the family distributorship. At the age of 13, he carried his father’s toolbox and started to learn how to fix washers and dryers. At 16 he was collecting laundromats and fixing machines. Every summer during school, he was working on the HK installation crew or running the distributorship while his father was on vacation.

After college, Karl worked for 3 years as an environmental research chemist before his father “gave him an offer he could not refuse.” Karl has been in the laundry business full time since 1980 and purchased his father’s distributorship in 1995. HK Laundry Equipment is 53 years old and has been a Huebsch distributor since its inception in 1967. Karl & HK Laundry Equipment won the Huebsch distributor of the year in 2013. Karl is a past CLA board of directors and routinely contributes to Planet Laundry with articles and commentary. Currently, Karl owns and operates five laundromats along with the HK distributorship.

The cost to attend this program is $29. Each person who registers will receive a recording of the program.

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