Mr Jeff – an international laundry service franchise – has signed an agreement with Clean Ventures – a venture capital fund that invests in growth-stage laundry companies, to boost the franchise’s expansion within the U.S.
Clean Ventures is managed by industry leaders who have collectively built hundreds of laundromats across the United States, including Peter Stern – senior vice president of Clean Rite Centers – a laundry service chain that has developed more than 200 locations across North America. The Mr Jeff franchises are currently available in more than 30 countries through a 48-hour, pickup-and-delivery, mobile app-based service.
Through the agreement – which includes an investment by Clean Ventures and a partnership with Clean Rite stores – Mr Jeff can take advantage of Clean Rite’s established customer base by operating inside select Clean Rite laundromats. Conversely, Clean Rite will benefit from Mr Jeff’s business model and marketing expertise to expand its customer services and revenue streams. The partnership leverages Mr Jeff’s proprietary technology to manage its stores – Jeff Suite and Jeff Drivers – along with Clean Rite’s existing technology platform, through Cents, to manage the self-service side of the business. The partnership will kick off this summer with a pilot test of Mr Jeff operating within three Clean Rite stores.