Industry Analysis & Industry Trends
The Dry-Cleaning & Other Cleaning Services industry has been put through the wringer, with revenue contracting in four of the past five years. The industry covers a range of different businesses, including dry-cleaners, laundries, self-service laundrettes, carpet cleaners and other cleaning service providers. Although consumers represent approximately 35% of the market for industry services, commercial customers are more important and include organisations from the health, hospitality, manufacturing and government sectors. Commercial laundry businesses supply these typically large clients with linen and uniforms or work wear on a leasing or rental basis.
Revenue is forecast to rise by 4.3% in 2011-12, to reach £1.34 billion. However, revenue is expected to fall by 0.7%.. purchase to read more
Industry Report - Industry Investment Chapter
The industries capital requirements are the likes of washers, dryers, dry-cleaners and other laundering equipment; in addition to the buildings and vehicles used for distribution. Often, these expenses can be deferred, and this has been the case over the economic downturn, as operators have made do with old equipment, preferring to pay down debt and build cash reserves for an uncertain future. Also reducing capital costs has been the closure of many loss-making establishments over the downturn... purchase to read more