Laundry-Room Business Growing with Times

Summary


Alan Gebroe was working as a real estate broker, helping to negotiate sales of apartment buildings, when he saw an opportunity to clean up with a new business.

After seeing laundry rooms in apartment buildings that were dirty and dingy, with machines in various states of disrepair, and hearing property owners complain about the companies that operated their laundry rooms, Gebroe founded Spin Cycle, a laundry-services company, in 1995.

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Extract


Laundry-Room Business Growing with Times

He began taking over laundry-room operations as a sideline, and expanded the business to 400 laundry-room locations in apartment buildings in New York, New Jersey and Pennsylvania.

Spin Cycle has a staff of 12 and is based in East Hanover. Its mechanics and ...

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