FT. LAUDERDALE, Fla. — Coin Wash Associates, a wholly owned subsidiary of PlanetLink, has entered into a definitive agreement to acquire its first coin laundry, Heavenly Suds in Fort Lauderdale, Fla., according to the company.Coin Wash Associates was incorporated to acquire coin laundry facilities in the southeastern part of the United States. The company intends to acquire up to 100 facilities and bring them under the Coin Wash national brand. Coin Wash will add other services to each location in an effort to maximize profitability."After we have a national brand in the southeastern United States, we will offer private individual franchise opportunities," says M. Dewey Bain, chief executive officer of PlanetLink, a provider of GPS satellite-based products and services.
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