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Money in laundering

30 May, 2008 08:33 AM
ONE Cootamundra business seems to have found the magic recipe for expanding in a hostile climate, and they are hoping to continue to clean up financially.

Elouera Laundry, operating from premises in Wallendoon Street has found that the demand for their services has increased to the point where they must either expand their current premises or relocate.

After careful consideration, plans were recently finalised to not only expand existing premises and increase the number of coin operated washing machines and dryers in use but to look at relocating part of their operation to another premises.

The Herald understands Elouera is considering purchasing part of the Cohen’s Corner complex.

The usage of the laundry’s front section utilised by the public is currently three times higher then originally anticipated when the laundry opened in 2004.

Elouera Chief Executive Officer Allan Young said the concept of the coin section of the laundry was designed to supplement the service’s income and to help pay the rent of the building but it had exceeded expectation.

It is this part of the business that Mr Young is hoping to move into new premises in the Cohen’s Corner complex.

“The revenue from the coin section covers more than the rent of the building it also covers the wages of those employed, which has allowed us to expand the service,” Mr Young said.

The Laundry, which employs up to eight people with a disability and one staff member, also provides laundry services to a number of local hotels and motels as well as sporting teams.

Mr Young said that before the laundry was established the majority of the service to motels, hotels and sporting teams was done out of town.

Mr Young said it will take a while to finalise the purchase in the Cohen’s Corner complex, however it is hoped that the renovations and relocation will be completed by the end of the year.

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EXPANSION: the success of the Elouera Laundry over the past four years has enabled the expansion of the
EXPANSION: the success of the Elouera Laundry over the past four years has enabled the expansion of the

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