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Franchise Highlight

“LaundryBar” offers exceptional interest rates for franchise SMEs in partnership with Bangkok Bank

Bangkok, 5th April 2021,

LaundryBar Thai – 24 hours self-service laundry, in collaboration with Bangkok Bank, has recently announced a new optional credit loan, offering exceptional interest rates and other privileges entitlements for those interested in a LaundryBar franchise.

Miss Pimolwan Cheevakrianggrai, Chief Marketing Officer of Laundry Bar Thai Company Limited revealed “LaundryBar is the No. 1 market leader in Southeast Asia with over 640 branches globally. The self-laundry business in Thai market continues to increase in urban population outpaces and more people turn to services like LaundryBar because it can meet the needs of lifestyles living in a limited area. As franchising opportunities rising in demand, LaundryBar, therefore, offers prospective investors, without collateral assurance, a special credit loan from Bangkok Bank to expand their investment boundary and opportunity to apply for more credit offers.”

Without previous experience in business or investment, LaundryBar’s prospective customers enable to apply for Bangkok Bank’s credit offers, subject to meeting LaundryBar and Bangkok Bank terms and conditions

Mr. Chanont Tovikkai, Executive Director of Laundry Bar Thai Co., Ltd., added that “More than 60% of SMEs investors applied for credit loans to go into business with LaundryBar. This collaborative partnership with Bangkok Bank reaffirms our confidence in boosting our client base by 40%. We believe that Bangkok Bank which is one of the top financial institutions in Thailand with expertise in business and SME customers can help loan applicants’ prospects to be successful.”

Across the country, LaundryBar has 75 branches nationwide and is anticipated to increase growth up to 100 branches by the end of 2021. LaundryBar is currently working on service expansion by building regional technical support teams in response to a surge in business across southern, northern, northeaster, and eastern regions of Thailand, particularly in dense urban population centres.

“The self-service laundry market has grown during the Covid-19 outbreak due to the sluggish economy. Many business owners are taking the chance to expand and diversify into new market territories where income can be generated 24 hours a day, without the burden of labour shortages or raw materials stock management”.

Mr. Chanont pointed out that “The self-laundry business is marked as one of the businesses supporting human beings’ four basic needs. In addition, LaundryBar is operated with a modern IoT (internet of things) system, allowing owners to check their income through a mobile application, anytime and anywhere.  As a less human labour-centred operation, with more supportive technology and machine management, self-laundry is a low risk, quick return, high profit investment; a true solution for the new normal business operation.”

“Starting from 1.5 million baht, the chance to own your own business is yours.For those interested in investing LaundryBar franchises, please contact LaundryBar staff to assess and analyze the location for free or find a location proposal appropriate to your budget.” Ms. Pimonwan concluded.

Please call 092-675-4455, 094-959-6111 or email LaundryBarThai@gmail.com or visit www.LaundryBarThai.com Facebook : LaundryBarThai and Line @LaundryBarThai

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Source: Bangkok Post

Full Article: https://www.bangkokpost.com/thailand/pr/2095315/laundrybar-offers-exceptional-interest-rates-for-franchise-smes-in-partnership-with-bangkok-bank

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