ADVERTISEMENT

Bubbles eyes network of 70-100 self-service laundries

Telco

pixabay

Hungarian-owned self-service laundry operator Bubbles International, plans to raise its number of units in Hungary to 70-100 in the next 3-4 years, the company said today, according to Hungarian news agency MTI.

Bubbles recently opened its 25th unit in Kecskemét. It plans to open at least 50 more units outside of the capital with the involvement of 20-25 franchise partners. 

The initial cost of setting up a unit averages at about net HUF 22 million, Bubbles told MTI.

The company was established in 2011. It opened its first unit outside of Budapest, in Székesfehervár, last November.

Bubbles had an after-tax loss of HUF 43 mln on net revenue of HUF 30 mln in its 2014 business year, public records show.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.