EVI Industries & Commercial Laundry Equipment | In Practise

EVI Industries & Commercial Laundry Equipment

Former Owner and Operator of 28 Dryclean USA Stores

Learning outcomes

  • Why the dry cleaning industry is declining
  • How fabric changes are pressuring volume and revenue growth
  • Equipment required for dry cleaning and washing services per store
  • Typical issues and replacement cycles for washing and dry cleaning
  • Working with distributors and suppliers to fix issues and source parts
  • The value-add of distributors to laundry operators
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Executive profile

Joon Noh

Former Owner and Operator of 28 Dryclean USA Stores

Joon Noh has over 21 years in the dry cleaning business and is the former owner of 28 Dryclean USA laundry stores across Nashville. In 2002, Joon purchased the stores for $2.5m and ran the group of units for over 18 years generating over $4m in revenue per year. EVI Industries supply the residential and commercial laundry markets with commercial equipment and Joon has experience working with technicians and distributors to purchase and maintain the equipment across his stores. Read more

When did you first open a DryClean USA store?

2001.

How many stores did you buy?

Myself and my two brothers-in-law purchased 28 stores and they were owned by a company called DCI Management.

How much did you pay for the stores?

We paid over $2.5 million.

You were running the stores?

The stores were run by the employees, but we had a central location where we had our equipment and we had over 170 people there, running the operations.

Whereabouts were the stores?

Near downtown Nashville. It used to be a bread factory and they went out of business and someone set up all the equipment there and that was our main hub. We had four vans that would run around from 5:30 in the morning until close to 5:30 in the afternoon, when they would go and pick up for the next day and they delivered the ones that were done for the day.

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Audio

EVI Industries: Running 28 Dryclean USA Stores

December 10, 2020

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