What Midwest Laundries does

Midwest Laundries Inc is a privately-held, family-owned commercial laundry equipment distributor headquartered in Chicago, Illinois. The company has operated for 15+ years under the Schultz family and serves coin laundromat owners, multi-housing property managers, and on-premises laundry (OPL) operators across the Midwest, with primary coverage in Illinois, Indiana, and Wisconsin and a recently extended footprint into Ohio via a warehouse in Painesville. It maintains a 40,000 square foot Chicago showroom and warehouse, a 3,500+ subscriber newsletter base, and a multi-channel digital presence.

The company's core offering spans new and rebuilt commercial washers and dryers from nine major OEMs — Speed Queen, Dexter, IPSO, Electrolux, Huebsch, Wascomat, Unimac, Continental, and Primus — with 600+ machines in active inventory and an in-house rebuilding operation that has refurbished 2,500+ units since 2007. It holds official Dexter Equipment Partner status for the Chicagoland market and operates as a licensed general contractor in Chicago, enabling turnkey facility design, buildout, installation, service, and parts delivery. Service labor is billed at $105-$120 per hour and equipment units at $1,400-$10,800 depending on configuration.

Revenue is generated through a diversified mix of equipment sales (new and rebuilt), flat-rate leasing and rental programs with no upfront investment, parts and service contracts, financing facilitation through Eastern Funding and Dexter Financial, the Laundroworks cashless payment and remote monitoring platform, and Direct Chemical Injection consumable systems. The customer base is dominated by long-tail SMB operators, supplemented by recognizable OPL accounts such as Blue Cross Blue Shield, UPS, Rivers Casino, Goose Island, and Econolodge. The operating model is regional, full-stack, and asset-light on the financing side.

Name

Midwest Laundries

Legal name

Midwest Laundries Inc

Website

https://midwestlaundries.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Midwest Laundries is a Chicago-based commercial laundry equipment distributor selling new and rebuilt washers and dryers to laundromat owners, multi-housing property managers, and on-premises laundry operators across the Midwest, with in-house rebuilding, installation, service, leasing, and financing capabilities.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Laundry Equipment Sales: Sale of new and rebuilt commercial washers and dryers including Speed Queen, Dexter, IPSO, Electrolux, Huebsch, Wascomat, Unimac, Continental, and Primus brands. Equipment ranges from 20lb to 100lb+ capacity machines for coin-operated laundromats, multi-housing, and on-premises laundry operations. Both new and professionally rebuilt/refurbished units are sold with warranties.
2. Parts and Supplies Sales: Sale of commercial laundry parts, accessories, and consumable supplies including OEM parts, installation supplies (hoses, clamps, anchors, bolt kits), laundry carts and trucks, soap dispensers, coin and bill changers, and janitorial supplies.
3. Equipment Leasing Program: Flat-rate leasing program with no upfront investment. Monthly payment covers machines, installation, and service. No hidden fees or surprise costs. Example pricing: $229/month for 60 months for a 40lb Primus washer, $379/month for 60 months for a 60lb washer and 75lb dryer combination.
4. Equipment Service and Repair: Commercial laundry equipment repair services throughout Illinois, Indiana, and Wisconsin. Rates of $105/hour for light commercial equipment and $120/hour for large chassis machinery, plus trip charges. All service calls minimum one hour charge. Includes preventative maintenance and responsive service.
5. Equipment Financing Assistance: Facilitates equipment financing through partnerships with Eastern Funding and Dexter Financial, offering acquisition financing, equipment financing, SBA 504 loans, new store financing, and refinancing options. Lenders typically expect owner equity of at least 30% of total project cost.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Midwest Laundries is a full-service commercial laundry equipment distributor selling new and rebuilt commercial washers and dryers (Speed Queen, Dexter, IPSO, Electrolux, Huebsch, Wascomat, Unimac, Continental, Primus brands), along with parts, accessories, and consumable supplies, complemented by design, installation, service, repair, leasing, financing, and business consulting for coin-operated laundromats, multi-housing properties, and on-premises laundry operations throughout the Midwest.

Product overview

Midwest Laundries is a full-service commercial laundry equipment distributor offering a comprehensive portfolio of products and services for coin-operated laundromats, multi-housing properties, and on-premises laundry facilities. The core product lines include new Speed Queen coin-operated washers and dryers, rebuilt/pre-owned commercial equipment from brands like Dexter, Huebsch, Electrolux, and Wascomat, and Dexter commercial equipment as an authorized Dexter Equipment Partner. The company complements its equipment sales with flat-rate leasing, equipment rental, and financing programs, as well as laundromat business consulting and store retool services. Supporting products include American Changers and Standard Change Makers for bill/coin changing, R&B Wire laundry carts and accessories, Sol-O-Matic laundromat furniture, Vend Rite soap dispensers, custom steel washer bases, and a full range of laundry soaps, supplies, and janitorial products. Services extend to commercial laundry equipment repair using OEM parts, the Laundroworks payment system for mobile/cashless payments, and Direct Chemical Injection (DCI) systems. With warehouses in Chicago and Ohio, the company provides design, installation, service, and parts support throughout the Midwest region.

Differentiator

Problem solved

Functional benefit

Products and services

• Speed Queen Coin-Operated Washers and Dryers

Quantifiable outcome

• Over 600 machines in stock for immediate availability
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Dexter LaundrycoreStrategic or Co-development PartnerOfficial Dexter Equipment Partner for Chicagoland. Midwest Laundries stocks Dexter equipment locally in Chicago for quick delivery and installation. They provide complete Dexter retool services including store walkthrough, scope and proposal, utility coordination, installation, and post-install support. Dexter offers 5-year warranty on all parts and 10-year coverage on frame, tub, cylinder, shaft, seals, bearings, and bearing housing.
• Speed QueencoreTechnology or IntegrationPrimary equipment brand for coin-operated and multi-housing laundry solutions. Speed Queen washers and dryers are always in-stock for same week installation. Speed Queen equipment featured prominently throughout product catalog.
• American ChangersminorChannel Partner/ Reseller/ DistributorDistributor of American Changers coin and bill changers including front load, rear load, bill-to-bill, dual hopper, and floor model changers with various capacities.
• R&B Wire ProductsminorChannel Partner/ Reseller/ DistributorDistributor of R&B Wire laundry carts, trucks, scales, pole racks, and replacement casters including patented Clean Wheel System.
• Sol-O-MaticminorChannel Partner/ Reseller/ DistributorDistributor of Sol-O-matic laundromat furniture including folding tables, bench seating, and seat-table units made to order.
• Standard Change MakersminorChannel Partner/ Reseller/ DistributorDistributor of Standard coin and bill changers including Standard Rear Load Changer MC520RL-DA with MEI (Mars) Validator.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Xx.com/mwlaundries

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midwest Laundries