Entrepreneur Diversifies His Portfolio with Addition of Two Laundromats


In Planet Laundry's April issue, Kwah Wai Pang, a business developer from Oklahoma City, Okla., discusses being a laundromat owner. With the addition of two coin stores, Pang expanded his business portfolio, which already includes five gas stations with attached convenience stores and residential real estate. Outfitted with only Speed Queen machines (104 total machines between the two stores), Pang's laundromats are completely different from any other laundry in the city-space for kids to play, a lounge with video games, big-screen TVs and free coffee daily.

"I was looking for a way to diversify my business portfolio," says Pang. "I discovered coin laundries had a lot of the same characteristics as convenience stores; mainly, customer service is the key to success."

To read more, click here: Diversifying His Portfolio

YouTube My Alliance