After successfully launching a number of laundromats in Nairobi, LG Electronics is now expanding the services to the Coast region.
Speaking during the LG Electronics Inaugural Commercial Laundry Seminar held in Mombasa, the company’s EA Managing Director Dongwon Lee said the commercial laundry industry has shown remarkable resilience and consistent growth.
In Kenya demand for professional laundry services is expected to surge by the end of 2023 due to rapid urbanization, making the country’s commercial laundry industry one of the most attractive industries for entrepreneurs and investors.
“The growing reliance on laundromats as a convenient and time-saving solution presents an exceptional opportunity for investors to establish highly profitable ventures. Today’s consumers value convenience and quality, and by investing in the commercial laundry sector, entrepreneurs can cater to these demands while providing top-notch services.’’Said Mr. Lee.
‘’At LG, we are committed to delivering the best and most advanced technical solutions for commercial use, perfectly tailored to meet investors’ business needs.”
Entrepreneurs and investors who attended the Seminar from diverse industries had a chance to see the latest LG Commercial Laundry range that boasts Smart Commercial washers in sizes 10.5Kg and 15Kg.
In April last year, LG Electronics, Avana Laundromats and Home appliances distributors Hotpoint partnered to provide financing to entrepreneurs eyeing the laundromats. Besides financing, Avana Laundromat will also offer franchising opportunities for interested entrepreneurs under the Avana Laundromat brand. The aim was to open at least 1000 laundromats across the country in the next 5 years, and 50 laundromats by the end of 2022.
Hotpoint Head of B2B and Air Conditioning Business Mr. Ravi Kanani says they have witnessed successful laundromats since the pilot project went live. ‘’This has seen us witness over 100 laundromats open up in different parts of Nairobi. We project about 1000 new laundromats will open up across the country over the next three years as they are not capital-intensive for the investors” he said.
The seminar is part of LG Electronics EA’s commitment to champion the expansion of Smart Laundromats across the country and empowers entrepreneurs in the commercial laundry industry. To date, through strategic partnerships, the company has contributed to the roll-out of laundromats in Nairobi different estates like Langata, Buruburu, TRM, Waiyaki Way and Hurlingham among others.
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