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    The Laundromat Resource Podcast

    The Laundromat Resource Podcast is helping people find financial freedom through laundromat ownership. It is a podcast by laundromat owners, for laundromat owners.

    en-us148 Episodes

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    Episodes (148)

    128. The Ins and Outs of SBA Financing with Beau Eckstein

    128. The Ins and Outs of SBA Financing with Beau Eckstein

    Welcome to another episode of the Laundromat Resource podcast, where we provide valuable insights and resources for entrepreneurs in the laundromat industry. In today's episode, we have a special guest, Beau Eckstein, who will be sharing his expertise on the ins and outs of SBA financing. If you're looking to start or grow your own business and need financial assistance, this is an episode you won't want to miss. Beau touches on various topics, including the importance of checking our website and attending live Q&A sessions for updates and events in the industry. He also dives into the benefits of SBA financing for laundromats, the role of a loan broker, and the key components of a business plan. Additionally, Beau shares his insights on utilizing the tax code, finding off-market deals, and the power of strategic investments. So, get ready to take notes and gain valuable knowledge on financing your laundromat business. Let's dive in!

    In this episode, Jordan and Beau discuss: 

    00:06:40 Consider business type, real estate, and credit strength.
    00:15:19 Qualifying for loans can be tricky due to messy bookkeeping.
    00:18:20 I quarterback deals and refer to banks for free.
    00:21:43 Advocate for loan brokers, teamwork, painful process, DSCR defined.
    00:29:55 Express loans are available from nonbank SBA lenders. Closing time varies, and communication is critical.
    00:37:38 Tax returns are important for accurate financial assessment. Startup financing available, up to 90%.
    00:38:41 Simplified business plan for laundry mat investment.
    00:44:07 Refinancing debt with SBA guidelines explained briefly.
    00:51:53 Tax code benefits entrepreneurs save money.
    00:57:46 Learn the tax code to save money. Hire experts for greater benefits.
    00:59:49 Regret selling property, the importance of mindset. Action necessary for success.
    01:09:48 Real estate or laundromat? Choose wisely.
    01:11:07 High utility costs; SBA helps with business.

    Show Notes-
    https://laundromatresource.com/show128

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Send Beau a "thank you" video
    Join us for our first in-person meetup

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    The Laundromat Resource Podcast
    en-usSeptember 26, 2023

    127. $1 Million Dollar Laundromat is Closer Than You Think with Sukanth Srivastav

    127. $1 Million Dollar Laundromat is Closer Than You Think with Sukanth Srivastav

    Welcome back to another exciting episode of Laundromat Resource! In today's episode, we have a special guest joining us, Sukanth Srivastav, the founder of Turns. Sukanth shares his insights on running an effective laundry business and discusses the future of the industry. From the importance of payment card systems to the potential of multi-location ownership, Sukanth covers it all. He also reveals how the laundry industry can experience significant growth, and how laundromat owners can leverage technology to enhance their operations. Get ready to learn some valuable tips and strategies for taking your laundry business to the next level. As always, we have some exciting announcements, including a live Q&A session with Sukanth and details about upcoming meet-ups. So grab your favorite detergent, sit back, and let's dive into the world of laundry business with Sukanth Srivastav on Laundromat Resource!

    In this episode, Jordan and Sukanth discuss: 
    00:00:00 Founder Sukanth discusses laundry business tips
    00:07:09 Successful engineer-turned-founder scales laundry business, and sells it.
    00:13:16 Contrarian view: Acquire customers offline, not online.
    00:22:20 Laundromats are not easy to start.
    00:25:05 Efficient payment card system for laundromats.
    00:29:43 Laundromats offer opportunities for cross-selling and upselling.
    00:36:22 Opportunity in laundromat industry, focus on North America.
    00:41:40 Lots of action on the ground. Profitable business potential.
    00:48:19 Sophisticated discussion on customer retention and revenue.
    00:53:14 Mom and pop stores can become successful multi-location brands. 
    01:01:52 Obsessive owners ensure customer retention, online presence.
    01:04:43 Platform manages all aspects of your business, including website integration and AI-driven insights.
    01:13:23 Entrepreneurs need capital and predictability for success.
    01:17:44 SAS benefits laundromat owners by streamlining operations.
    01:22:17 Exciting future, community impact, positive industry changes.
    01:27:15 Live Q&A with unique perspective on operations.

    Show Notes-
    https://laundromatresource.com/show127

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Website: https://turnsapp.com
    Linkedin: https://www.linkedin.com/in/sukanth-srivastav/
    Email: sukanth@turnsapp.com
    Live Q&A September 25th @ 10:00 am PST: https://youtube.com/live/8ru4t4mUjHo?feature=share
    Send Sukanth a "thank you" video: https://www.bonjoro.com/te/podcast-takeaways/c5ad6e37-dd16-45b0-a68a-2c9c68c8d5cf
    Join us for our first in-person meet up: https://www.laundromatresource.com/event/la10-23/


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    The Laundromat Resource Podcast
    en-usSeptember 19, 2023

    126. 5x Your Commercial Laundry Delivery Business with David Laing

    126. 5x Your Commercial Laundry Delivery Business with David Laing

    Welcome back to another episode of Laundromat Resource! I'm your host, Jordan Berry, and today we have a very special guest joining us, David Laing. David is going to share some amazing insights and strategies for growing the corporate commercial side of your pickup and delivery laundry business.

    In this episode, David will take us through his 5-step sales process, from outreach to follow-up, sharing the techniques that have helped him achieve significant growth in his own business. We'll learn about the importance of building rapport with potential customers, sending meeting summaries, and the impact of consistent follow-up.

    Not only will David share his personal journey and the challenges he faced, but he'll also reveal a special opportunity at the end of the episode that could be a game-changer for those looking to grow their commercial side.

    So if you're interested in expanding your corporate clientele and boosting your laundry business, this episode is a must-listen. Get ready to take notes because David is going to share his numbers, technical information, and real-world experience that will guide you towards success.

    In this episode, Jordan and David discuss:

    00:00:07 "Grow your pickup and delivery business fast!"
    00:09:14 Laundromat goal: Build own service, raised prices on existing customers.
    00:14:34 New business methods, including ads and cold calling, are raising prices and attracting new customers. The book "100,000,000 leads" aligns with these strategies.
    00:22:58 Social media for accounts, cold calling success.
    00:28:38 5-step process: Outreach, sales meeting, accurate estimate, summary, next steps
    00:36:31 B2B sales: building rapport and follow-up.
    00:43:02 Schedule, trial, deliver, follow-up: repeatable sales process.
    00:50:50 "This program offers repeatable systems for business growth and accountability with a mastermind element."
    00:58:19 No commitment, for those not interested. Aim: growing business, changing lives.
    01:02:49 Consistency evolves into system for business growth.

    Show Notes-
    https://laundromatresource.com/show126

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Laundromat Owners Facebook Group: https://www.facebook.com/groups/laundromatowners
    laundromatresource.com/accelerator 

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    The Laundromat Resource Podcast
    en-usSeptember 12, 2023

    125. Turning a ZombieMat Into a Gold Mine with Emil Schaffroth

    125. Turning a ZombieMat Into a Gold Mine with Emil Schaffroth

    Welcome to a brand new episode of the Laundromat Resource Podcast! In today's episode, we have a special guest, Emil Schaffroth, who has an incredible story to share. Formerly a pilot, Emil made a life-changing decision to leave his job and invest his time and energy into fixing and repairing things at a location he owned. With 40 hours a week dedicated to this venture, Emil has learned valuable lessons about hiring, management, and improving the customer experience. From trusting employees to investing in customer service, Emil's strategies have turned his struggling "zombie mat" into a profitable business. Join us as he unveils his journey and shares tips on how to transform a struggling laundromat into a successful one. Plus, don't miss our "fast lane tip" where we reveal the amazing benefits of joining the Laundromat Resource Pro community. So sit back, grab a cup of coffee, and get ready to learn from Emil's inspiring story on this episode of the Laundromat Resource Podcast!

    In this episode, Jordan and Emil discuss:

    [00:00:00] Emil Schaffroth turns zombie mat into gold.
    [00:09:38] Broker advises on purchase agreement and due diligence.
    [00:12:56] Observing, researching, and analyzing to ensure success.
    [00:21:19] Improving laundromat, fixing machines, upgrading floors.
    [00:25:47] Minimal volume change, great customer service success. Increased sales after implementing improvements.
    [00:31:53] Met industry people, got ideas, found expert.
    [00:36:27] Trust your gut; learn and adapt.
    [00:41:38] Typical week: repairs, managing staff, empowering decisions.
    [00:48:23] Made signs about over-soaping, got criticized.
    [00:53:38] I need more space and optimization for the store.
    [00:57:43] Raised prices due to upgrades and equipment. Gas bill doubled, profit wiped out. Changed dryer times, got backlash. Jumped washer prices 25%, regained revenue. Gas prices came down, made adjustments.
    [01:10:13] Trust, respect, bonuses, and effective surveillance maintain integrity.
    [01:14:39] Upgrades important, customer service key, be handy.
    [01:18:16] Social media boosts laundromat industry; valuable resources.
    [01:23:18] Improve customer experience for personal benefits.

    Show Notes-
    https://laundromatresource.com/show125

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Instagram @emilschaffroth
    Facebook Emil Schaffroth
    Email emil.schaffroth@gmail.com
    LinkedIn Emil Schaffroth

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    124. How Michael Jones Doubled His Business (PLUS A FREE GIFT!)

    124. How Michael Jones Doubled His Business (PLUS A FREE GIFT!)

    Welcome back to another episode of the Laundromat Resource podcast! In today's episode, our host Jordan Berry is joined by special guest Michael Jones, who has a fascinating story to share. Michael, a former laundromat owner, started his journey from humble beginnings, even living in his own laundromat due to a lack of housing. But through determination and digital marketing skills, he turned his business around, now boasting a profit margin of 25 to 30% each month and a team of seven employees.

    In this episode, Michael and Jordan dive deep into the world of digital marketing for laundromat owners. They discuss the importance of dominating the first page of Google, utilizing various web properties, and running effective marketing campaigns on platforms like Google Business, Facebook, and Instagram. Michael also shares valuable tips on creating engaging content, using AI tools to save time and generate ideas, and the power of visuals in attracting customers.

    Whether you're a seasoned laundromat owner looking for fresh marketing strategies or someone considering venturing into the industry, this episode is packed with insights and actionable advice. So grab your headphones and get ready to learn from Michael Jones as he shares his journey and expertise in driving business success through digital marketing. Let's jump right into the Laundromat Resource podcast: Michael Jones Audio!

    In this episode, Michael and Jordan discuss:

    00:03:24 From laundromat owner to success with help.
    00:09:40 Increase in orders, drop off preferred. A busy, cramped office indicates successful business.
    00:13:08 Laundromat marketing: Save time writing with AI.
    00:21:12 Create content to attract eyeballs and boost Google ranking.
    00:25:12 Keywords critical for search engine optimization
    00:30:37 Optimize the article with relevant, helpful, and promotional content.
    00:35:56 Copy, paste, bulk, schedule, add pictures, optimize.
    00:43:22 Expanding online presence through diverse platforms efficiently.
    00:47:00 Keyword prompts generate targeted content for websites.
    00:53:49 Free, easy-to-use tool accelerates content creation.
    01:00:10 AI tools provide the ability to create custom images for social media, websites, and printed materials, eliminating the need for expensive photographers. This helps businesses convey their desired image and feelings to potential customers.
    01:03:33 Social media posts should include a website link. Have buttons for directions, pickup, and drop-off. Analyze button clicks to track traffic sources.
    01:11:11 Guide to using digital marketing for sales.
    01:17:59 Get the guide, use the tools, join Q&A.

    Show Notes-
    https://laundromatresource.com/show124

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    daytonalaundromat@gmail.com
    Daytonalaundromat.com
    facebook.com/daytonalaundromat
    instagram.com/daytonalaundromat

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    123. Financial Freedom Faster Through Partnerships with Matthew Amabile

    123. Financial Freedom Faster Through Partnerships with Matthew Amabile

    Welcome back to another episode of the Laundromat Resource Podcast. Today we have a very special guest joining us - Matthew Amabile. Matthew is here to share his insights on achieving financial freedom through real estate investing and partnering with others. In this episode, you'll discover how Matthew realized the power of house hacking and how it allowed him to achieve financial freedom at a young age. We'll explore the mindset shift required to embrace frugality and prioritize buying assets that generate income. Matthew will also discuss his strategies for finding partners and leveraging their resources to accelerate his journey toward financial freedom. So get ready to take notes and be inspired as we dive into the world of real estate investing and the pursuit of financial independence. Let's jump right in!

    In this episode, Jordan and Matthew discuss:

    00:00:07 Leveraging partnerships for financial freedom in laundromat industry.
    00:05:28 Embrace freedom and achieve financial independence.
    00:12:39 Struggling, job loss, broke. Found financial freedom.
    00:16:50 Buying possessions for ego, then embracing frugality.
    00:23:57 Increase financial freedom, reduce stress, accelerate time.
    00:31:51 Know your options, educate yourself, and finance smartly.
    00:37:51 Education, finding deals, and managing time.
    00:43:52 Rent your backyard to dog owners. Homes aren't assets, they're liabilities. House-hacking offsets expenses and builds wealth.
    00:49:05 Guide on finding partners for business deals.
    01:01:58 Free ebook for laundromat owners and buyers.

    Show Notes-
    https://laundromatresource.com/show123

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Email: Amabilerealty@gmail.com
    Phone: 9087638816
    Facebook: https://www.facebook.com/matt.amabile.5/
    Instagram: https://www.instagram.com/mattamabile/?hl=en
    Youtube: https://www.youtube.com/channel/UC4X3S1-7RrXW4w-r-4yqfHA
    Podcast: https://podcasts.apple.com/us/podcast/financial-freedom-fast/id1660643599


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    Join Laundromat Resource
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    122. She Lost the Battle, But the War is Far From Over with Madison Anderson

    122. She Lost the Battle, But the War is Far From Over with Madison Anderson

    Welcome back to another episode of the Laundromat Resource podcast! I'm your host, Jordan Berry, and today we have a very special guest joining us. In Show 122, we have Madison Anderson sharing her incredible journey in the laundry industry. Madison, who started her own pickup and delivery business from scratch, will take us through the highs and lows of entrepreneurship and share valuable lessons learned along the way.

    From facing setbacks and financial challenges to making tough decisions and restrategizing, Madison's story is one of resilience and determination. She'll share how she dealt with the closure of her business and the steps she took to bounce back stronger than ever. We'll delve into the importance of market research, pricing strategies, and creating a professional image in the laundry industry.

    Madison's insights and experiences shed light on the realities of entrepreneurship, proving that setbacks don't define us but rather propel us toward growth and success. Join us as we explore Madison's journey, from starting her laundry delivery company to the lessons she learned along the way. Get ready for an episode that will inspire and motivate you on your own entrepreneurial journey.

    In this episode, Jordan and Madison discuss:

    00:00:00 Podcast episode with Madison starting a delivery business.
    00:06:33 Teen mom turns entrepreneur, starts laundry business.
    00:14:32 Three purposes: daughter, black community, younger self.
    00:16:30 Struggles with big dreams and finding support.
    00:25:51 Starting fresh in marketing, she took risks.
    00:30:05 Starting a business with credit cards and limited resources.
    00:35:18 Reached out to Facebook groups for partnerships.
    00:41:13 AC delay, lost clients, constant setbacks, overwhelming.
    00:47:49 Changed prices to attract customers, and received advice.
    00:57:05 Failed laundry business, low customer response, shutdown.
    01:02:48 Entrepreneur shuts down business, seeks marketing job
    01:12:26 Sharing vulnerabilities, helping each other, overcoming fears.
    01:17:19 Paid ads work well; use Google/Yelp. Avoid static social media posts.
    01:21:32 Research, affluent areas, cost analysis, processes, professionalism.
    01:29:39 Resources shared
    01:36:39 Madison shared her inspiring story; take action.

    Show Notes-
    https://laundromatresource.com/show122

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    LinkedIn:
    https://www.linkedin.com/in/madisonanderson49/ 

    Instagram: https://www.instagram.com/millionaire.madison/

    Email: madison.anderson@freshnmobile.com



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    121. SBA Loans and You with Brian Smolin

    121. SBA Loans and You with Brian Smolin

    Welcome back to another episode of Laundromat Resource, the podcast where we dive deep into the world of laundromats and provide you with valuable insights and resources. In today's episode, we have an exciting guest joining us, Brian Smolin, a successful laundromat owner with a wealth of knowledge to share. We'll be exploring the topic of SBA loans for laundromats and the power of leveraging assets to buy and grow your business. But before we get started, mark your calendars because we have a live Q&A session with Brian on August 17th at 4 pm Pacific Time. To join in on the conversation or find more information, head over to our website at laundromatresource.com/events. So grab your headphones and get ready to learn from Brian's experience and expertise. Let's dive in!

    In this episode, Jordan and Brian discuss:

    00:02:39 Background & Transition
    00:12:35 Seeking consultant feedback on existing business deals.
    00:18:38 Focus on being realistic and prepared for worst-case scenarios.
    00:22:16 Consistency is key in building habits.
    00:30:08 Business-minded approach to unsexy industries.
    00:35:14 Tax benefits and clean books increase value.
    00:41:32 Equipment financing offers high success rate.
    00:43:53 Government loans require 1:1 collateralization ratio.
    00:52:42 Assessing industry based on turns per day.
    00:57:42 Consider all factors before buying a store.
    01:02:51 SBA route: reduced debt, longer repayment terms.
    01:11:01 Impressive interview, join the Q&A party!

    Show Notes-
    https://laundromatresource.com/show121

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Brian Smolin Email: brian@smolincapital.com
    Brian Smolin Instagram @bsmolin

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    90 Days to Your First Laundromat Course

    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    120. How to Get 5x More Turns Per Day Than the Average Laundromat Owner with Following Keenan

    120. How to Get 5x More Turns Per Day Than the Average Laundromat Owner with Following Keenan

    On this episode of Laundromat Resource, host Jordan Berry is joined by special guest Keenan, a YouTuber and successful laundromat owner. Keenan shares his insights into the laundromat business and offers valuable tips for aspiring entrepreneurs. He also discusses his involvement in other investments and how he balances multiple ventures.

    In this episode, Jordan and Keenan discuss:

    00:00:00 Podcast episode featuring laundromat YouTuber Keenan.
    00:09:09 Bought property with laundromat, first customer.
    00:13:13 Creating crazy, fun lint videos
    00:18:59 Lazy partner ruins friends' real estate venture.
    00:23:15 Advantages of touch screen machines: easy programming, integrated system, customer-friendly features.
    00:31:47 Built a successful laundromat from scratch in 2016, not interested in doing it again.
    00:33:05 Don't build laundromats, buy existing ones.
    00:41:48 Horizon washers cause major headaches, need replacement.
    00:46:15 Dealers falsely offer tax credit for compliance.
    00:51:06 Successful laundromat investment leads to big cash deposit.
    00:58:27 Farming: storing, selling grain; launder mats:write-offs.
    01:01:58 Filming farming and laundromats, sharing possibilities.
    01:09:41 Buy niche equipment, unload old equipment strategically
    01:14:49 Laundromats next to rundown businesses make money.
    01:18:27 Farm without equipment, hire others, save money.
    01:22:17 Keenan is a dynamic and down-to-earth farmer. He offers great advice on living a proactive life.

    Show Notes-
    https://laundromatresource.com/show120

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Following Keenan YouTube Channel

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    90 Days to Your First Laundromat Course

    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    119. It's Time for Us to Get Serious About Marketing with Ernesto Cullari and Barbara Wardell

    119. It's Time for Us to Get Serious About Marketing with Ernesto Cullari and Barbara Wardell

    Listen. It's time that laundromat owners are at the forefront of what's happening with marketing for a change. This episode will get us there!

    We have talked about marketing before here on the podcast. Michael Jones gave us a masterclass in marketing. Brittany Centers has schooled us on social media marketing. And now, Ernesto and Barbara join me on the podcast to tell us how to get precise in who we target with our marketing.

    Today's episode is a deep dive into how to use Geofencing to target the right people for your laundromat business, drop-off laundry business, and laundry pick-up and delivery service. This episode is jam-packed with practical tips, advice, and breaking news when it comes to new capabilities with geofencing.

    PLUS, Ernesto and Barbara are going to join Jordan for a free live Q&A on all things marketing and geofencing! You're invited!

    Thursday, July 20, 2023
    10am pst/1pm est
    Sign up at https://laundromatresource.com/events

    AND, Ernesto and Barbara are offering a $300 discount on their services for Laundromat Resource Pro Members!
    Join the Pro Community at https://laundromatresource.com/pro

    Show Notes-
    https://laundromatresource.com/show119

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Cullari & Wardell Ad Agency
    Ernesto Cullari- ernesto@cullarimedia.com
    Barbara Wardell- barbara@cullarimedia.com
    Upcoming Events

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    90 Days to Your First Laundromat Course

    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    118. Breaking News! This Could Change EVERYTHING! with Mark Vlaskamp and Alex Smereczniak

    118. Breaking News! This Could Change EVERYTHING! with Mark Vlaskamp and Alex Smereczniak

    Today's episode is breaking news! Things have been changing in the laundromat industry faster than ever before and today's interview marks what could be a pivotal moment in the history of our industry!

    Mark Vlaskamp of The Folde and Alex Smereczniak of Laundrolab join Jordan today for this big announcement! They share a bit of their story and some wisdom and then talk about their shared vision for the future of the industry!

    Join Mark, Alex, and Jordan for a live Q&A to discuss the implications of this potentially monumental shift in the industry!

    Live Q&A
    Tuesday, July 6th, 2023
    10am pst/1pm est
    https://laundromatresource.ck.page/86ac53f601

    Show Notes-
    https://laundromatresource.com/show118

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    How to Buy a Laundromat in 90 Days Course
    Upcoming Events
    Laundrolab
    alex@2ulaundry.com

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    117. Building the Business and Body of Your Dreams with Cory James

    117. Building the Business and Body of Your Dreams with Cory James

    When he offered to come on the podcast, "Shirtless" Cory, as he's known on Facebook, offered to share his experience owning two laundromats and his search for more. Little did either one of us know that would lead to the first ever shirtless episode of the podcast! Ha!

    Entrepreneurship can absorb your time, attention, and your life. Often, one of the first things to go is your health. But your health is one of your most important assets. Cory and Jordan discuss some tips on building a successful business without neglecting your health.

    This episode is full of fun and information as we discuss the lessons Cory James has learned from owning multiple laundromats and also as we touch on maintaining your health as an entrepreneur. In this episode, Cory and Jordan discuss:

    0:00 Introduction of the episode. 

    5:14 How did you get me to be shirtless today? 

    9:06 Buying a laundromat with raccoons. 

    14:31 Taking over the laundromat. 

    19:01 What was the condition of the laundromat? 

    24:52 Buying a laundromat. 

    30:29 Paying too much for a laundromat. 

    36:36 Getting the initial customer base. 

    42:54 Accountability is big in business. 

    48:04 The importance of cleaning laundromats. 

    51:42 Laundromat owner’s advice. 

    1:02:04 The importance of having a laundromat. 

    1:07:53 Putting the kids to work and discipline. 

    1:17:05 Pro tips for people who are new to laundromats and weight loss. 

    1:21:57 How to get in touch with Cory.

    And more!


    Show Notes- See the full video interview here
    https://laundromatresource.com/show117

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    How to Buy a Laundromat in 90 Days Course
    Upcoming Events
    Shirtless Cory of Facebook

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    116. Full Time Job and 4 Laundromats with Lauren Berkoski

    116. Full Time Job and 4 Laundromats with Lauren Berkoski

    Lauren Berkoski owns 4 laundromats while working a full-time job! She has a growing laundromat empire and in today's episode, she talks about how she balances having a job with running, and growing, 4 laundromats!

    Lauren shares specific, practical tactics to grow your laundromat empire, from marketing to hiring and training employees and managers. Her system of scaling up her business has been proven to be successful and she shares what is working for her now! She also talks about the challenges of running a business while keeping up with family life, and how not to let either suffer.

    You don't want to miss this episode! Listen in to hear Lauren's story and learn practical strategies you can use today to start growing your laundromat business.

    Women in the Industry Meetup

    In this episode, we discuss:

    • How to find a laundromat for sale
    • Advertising your laundromat
    • Owning a laundromat an hour away
    • How to find a manager
    • Hiring tips
    • How to train employees
    • Navigating pricing with a close competitor
    • Women in the laundromat business

    And more!

    Show Notes- See the full video interview here
    https://laundromatresource.com/show116

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Join the Pro Community to join a Mastermind Group!
    Join the Women in the Laundromat Industry Meetup!

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

    Connect With Us
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    115. 👀 = 💲💲 with Brittany Centers

    115. 👀 = 💲💲 with Brittany Centers

    In this week's episode of the  Laundromat Resource Podcast, Brittany Centers of Centers Social joins us to help you improve your laundromat marketing! Jordan and Brittany talk in-depth on changes that have been taking place in the world of online marketing and social media and help you figure out how to navigate it all to make your business more profitable!

    In today's episode Brittany and Jordan discuss:

    2:28 - What’s changing in the digital world?
    8:53 - Facebook’s changing algorithm.
    16:08 - How to know what to post on social media?
    21:28 - There is power in being seen.
    26:58 - Tips for getting seen on social media.
    32:40 - The power of being seen.
    37:33 - The greatest thing about social media.
    43:15 - How to get started in social media.

    Show Notes- See the video segments and full video interview here
    https://laundromatresource.com/show115

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Join the Pro Community for an Exclusive Discount on Centers Social
    Join the Live Q&A with Brittany Centers

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Events
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Laundromat Investor Resources
    Laundromat Resource Blog

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    114. Homeless to $40,000 Per Month With Michael Jones

    114. Homeless to $40,000 Per Month With Michael Jones

    This episode of the Laundromat Resource Podcast is probably the most incredible episode you'll ever listen to. Michael's story of struggle and sacrifice after leaving the corporate job he hated, only to have to sleep in his laundromat and work non-stop is inspirational. But, the level of detail Michael gives on HOW he 10x'd his business is insane!

    Michael takes us through the ads he uses, the strategies he employs, the reason he uses social media (it's not what you think), why he has a blog, how he gets commercial wash and fold customers, and so much more! He shares slides and screenshots, so check out the video if you want the visuals.

    This episode is possibly the BEST interview yet and no matter where you're at on your laundromat journey, be prepared to get schooled. 

    20:39- How did you overcome the fear of investing money?
    28:42- It was too good to be true.
    32:36- The one good thing that kept the business alive.
    37:03- What changed from desperate to hopeful.
    48:22- The critical principle of speed.
    52:53- How to reinforce the habit of coming to the laundromat
    1:00:03- The numbers that really matter.
    1:05:28- The competitive game of longevity.
    1:10:53- How much residential vs. commercial business wash and fold?
    1:26:09- Turns per day vs. profit.
    1:44:42- How to get the most traffic to your page
    1:53:29- Three kinds of ads you want to run for your laundromat

    Show Notes- See the video segments and full video interview here
    https://laundromatresource.com/show114

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Waleed Cope's Podcast Interview
    Laundromat How-To
    Canva
    Pexels

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog

    Connect with Michael

    daytonalaundromat@gmail.com
    Daytonalaundromat.com
    facebook.com/daytonalaundromat
    instagram.com/daytonalaundromat

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    113. Buying Real Estate For Cash Flow is Dumb

    113. Buying Real Estate For Cash Flow is Dumb

    If your goal is to achieve financial freedom, then you've come to the right spot! There's no better way to achieve financial freedom than through laundromat ownership. And in today's podcast episode, we're going to compare a typical real estate deal to a typical laundromat deal to show the power of owning a small business like a laundromat.

    They may be boring businesses, but laundromats have the ability to give you the freedom you need to live the life of your dreams! 

    The math is surprisingly simple and I'll show you exactly how it works in this episode!

    Show Notes
    https://laundromatresource.com/show113

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Visual of the Numbers of this episode
    Video of this episode

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog

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    112. Running a Professional Laundromat Business From a Small Laundromat with David Laing

    112. Running a Professional Laundromat Business From a Small Laundromat with David Laing

    David Laing is running a very professional laundromat business. In this interview, David shares all of the little things that he and his wife are doing in order to run a top-notch laundromat from their small, 1,000-square-foot store. We dive deep into their business planning process and all of the big and little things they are doing right!

    We cover a lot of ground in this episode and David shares extremely practical advice. This is one of the most actionable episodes we have had, so take advantage of it!

    0:00 Take action on your goals.
    2:30 Join a Mastermind Group!
    9:00 How David became interested in the laundromat business.
    18:37 Pricing and losing money.
    24:03 Return customers and customer service.
    31:55 Turning your fans into your salesforce.
    41:16 Marketing strategies for your laundromat.
    52:14 The analytics that Laundryworks provides.
    1:00:16 Changes made since taking over the laundromat.
    1:05:05 Customer service based in service based.
    1:09:24 The hunting vs. fishing model of marketing.
    1:15:14 How much time do you put into your business?
    1:19:47 The definition of core values.
    1:27:09 How to professionalize your laundromat.
    1:31:46 The importance of reading and listening to audiobooks.
    1:36:59 Run your business like a professional business.
    1:45:03 Recommended resources for growth.

    Show Notes
    https://laundromatresource.com/show112

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Start With Why book
    Traction book
    The 4 Disciplines of Execution book
    Rocket Fuel book
    Simon Sinek Ted Talk
    Laundromat Owners Facebook Group
    Guelph Laundry
    Daniel Logan episode
    Brian Riseland episode

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog


    * Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using t

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    111. The Trick to Owning a Laundromat Over an Hour Away with Ryan Shoemaker

    111. The Trick to Owning a Laundromat Over an Hour Away with Ryan Shoemaker
    Ryan Shoemaker is a new laundromat owner. He joins us today to share his story of how he got into the laundromat business, what he has learned since owning a laundromat, and how he is operating his laundromat from over an hour away!

    Ryan and his wife are entrepreneurs at heart and have brought that spirit into their laundromat. Their experience in owning and running businesses has allowed them to develop systems and processes to manage their laundromat business mostly remotely.

    Ryan offers a ton of tips and insights on how exactly he's running his business remotely. Jordan and Ryan also discuss:


    0:00 Intro to the episode.
    3:48 How did you get into the industry?
    8:07 How did the laundromats come into the picture?
    15:07 The value-add component of the business.
    18:39 How to negotiate vendor take back seller financing.
    25:07 Taking over the laundromat.
    29:46 Magnetic locks and automatic doors.
    32:29 Hurdles with homeless campers.
    39:46 How often are you going to collect coins?
    48:02 Looking at other laundromats.
    51:21 Re-Investing in the business.
    56:06 Running a laundromat on a budget.
    1:02:57 What does it cost to do laundry in London, Canada?
    1:07:30 Hurdles and how Ryan is overcoming them.
    1:13:46 Recommended resources for entrepreneurs.
    1:20:51 How to get in contact with Ryan.

    Show Notes
    https://laundromatresource.com/show111

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Laundromat Millionaire Book
    Laundromat Owners Facebook Group
    Joe Dan Reed's YouTube Channel
    Following Keenan YouTube Channel

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog


    * Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. 

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    110. The Human Laundromat Encyclopedia is BACK with Some Knowledge for You with Andrew Cunningham

    110. The Human Laundromat Encyclopedia is BACK with Some Knowledge for You with Andrew Cunningham

    Andrew Cunningham, the human laundromat encyclopedia is back on the show to drop some laundromat knowledge again! Andrew has been in the laundromat industry for over 40 years, but also prides himself on staying up on current times and trends. 

    I'm privileged to pick his brain on your behalf and we cover a LOT of ground in this interview.  We start off with some priceless advice for first-time laundromat buyers. The information and advice Andrew shares for the newbies will save you literally thousands of dollars.

    We then transition into talking about advice for current owners and cover a ton of ground that will help you improve your operations, stay up on the changing landscape of the industry, and ultimately, increase your bottom line.

    Here's an overview of what we cover:

    • What to know when buying your first laundromat
    • What you need to know about brokers
    • Where most buyers fall short
    • The 3 keys that make or break a laundromat
    • Operational efficiencies
    • Competitive analysis
    • Perspective shifts in the industry
    • Your return on new customers
    • Basics of business operations
    • Card systems and you

    And a whole lot more!

    Show Notes
    https://laundromatresource.com/show110

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Card System Comparison
    - Coming Soon! Be sure to get on our email list if you're not yet to be notified when it is published!

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog


    * Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. 

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    109. 2023 Predictions for Laundromat Owners with Marc Stern

    109. 2023 Predictions for Laundromat Owners with Marc Stern

    2022 was a wild ride for the world in general, and for laundromat owners in particular! But at the beginning of 2022, Marc Stern from Eastern Funding came on the show and prepared us all for what was to come. He was spot on!

    Marc joins us again today to look ahead at what we, as laundromat owners, can expect in 2023 and how we can best prepare ourselves to navigate our changing world. There's a lot going on right now and Marc's nationwide perspective gives us a view of our industry that can be hard to see when we're focused on running our businesses day-to-day.

    This episode is packed with great insight and practical tips to help you navigate your year. Jordan and Marc discuss:

    • A recap of 2022
    • Laundromats as recession-proof businesses
    • The 3 main costs of laundromats and how they are being affected
    • Interest rates for 2023
    • Trend on purchasing laundromats
    • How to raise prices in your laundromat
    • How big will the recession be
    • Recession's effect on rents
    • Is now a good time to get into the business?
    • How successful laundromat owners are navigating the current climate
    • Effect on wash and fold and laundry pick-up and delivery
    • Lending options to utilize right now
    • Where the opportunities are right now in the laundromat industry

    And so much more!

    Show Notes
    https://laundromatresource.com/show109

    Show Sponsors

    AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
    https://atmosphere.tv/partner/laundromat-resource

    Resources
    Eastern Funding
    Marc's 2022 Predictions Podcast Episode
    How to find a laundromat for sale [VIDEO]
    mstern@easternfunding.com

    Get Connected
    Join Laundromat Resource
    Laundromat Resource Coaching
    Laundromat Resource Courses
    Laundromat Resource Forums
    Laundromat Marketplace- Sell Your Laundromat [free listings]
    Diligence Capital Investments
    Laundromat Investor Resources
    Laundromat Resource Events
    Laundromat Resource Blog


    * Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. 

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