Rising interest rates have affected our industry, but not all laundry operators have felt the same impact. The higher rates for borrowing have affected smaller independent laundries more than the chains. The larger companies have ample resources, so it’s less of an issue for them. When the chains are looking to acquire a smaller laundry, a $10 million-$15 million purchase price is a relatively insignificant amount of money to them. Therefore, the rise in interest rates is having a minimal impact on merger and acquisition (M&A) activity. Smaller independent laundries, which have far fewer resources, will feel the increase far ...