how to buy a laundromat

Welcome to another episode of the Laundromat Resource Podcast, where we provide valuable tips and strategies for laundromat owners and operators. In this episode, host Jordan Berry shares insights from a talk he recently gave in Spokane, Washington, focusing on two crucial aspects of laundromat management: increasing your laundromat's value and scaling your business portfolio.

Jordan delves into the importance of preparing your laundromat for a successful sale way before you even consider putting it on the market. He emphasizes the need for strategic planning and proactive measures to optimize your laundromat's value, covering topics such as maximizing net income, understanding the significance of financing, leveraging technology, and building a strong team.

Jordan explores the concept of scaling your laundromat business and shares his thoughts on the different roles and skill sets needed to effectively scale from owning a few laundromats to managing a larger portfolio. He stresses the importance of forward-thinking and strategic planning, urging listeners to plant the seeds for long-term success and value optimization.

If you're looking to make more money with your laundromat or aspiring to scale your business portfolio, this episode is a goldmine of actionable strategies and insights. So get ready to take some notes and join us as we dive into the world of maximizing laundromat success.

In this episode, Jordan discusses: 

00:00 Plan for selling laundromat, increase net income.
04:56 Understanding laundry costs leads to strategic pricing.
07:17 Opinions on posting updates about price changes.
11:47 Maximize laundromat value by optimizing income, cutting expenses.
14:56 Maintain clean books for financing laundromats.
18:27 Embrace technology, online presence, clear business plan.
21:34 CEO hires regional managers, scales business operations.
24:58 Owning multiple laundromats requires CEO-type skills.
26:05 Plan now for maximum laundromat value.

Show Notes-
https://laundromatresource.com/show148

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Hey, hey, Laundromat Resource listeners! It's Jordan here with another must-listen episode. Grab a seat and join me as I chat with the clever cats behind Presso, Nishant and Thibault. These guys have cooked up something that's got the laundry biz buzzing—imagine pocketing major profits while transforming the chore of laundry into a walk in the park.

Today, we're getting the scoop on how their tech is flipping the industry on its head, creating juicy margins and bringing in some serious dough with a futuristic garment care gadget that’s about the size of a snack machine but much, much cooler.

Don't forget to mark your calendars for that live Q&A on February 20th. It's your chance to grill Nishant and Thibault on all things Presso.

So, let's get the ball rolling and dive into the world where innovation meets the spin cycle, right here on the Laundromat Resource Podcast.

In this episode, Jordan, Nishant, and Thibault discuss:

00:00 Excited about discovery, eager to collaborate forward.
06:53 First-time experience with Chinese vendors and laundry.
14:49 Prototyping cleaning tech in gym gains traction.
16:35 Iterative prototyping, consumer feedback lead to success.
25:32 Developed tech in China, got surprise film job.
28:40 Become one-stop shop, gain more royalty.
32:55 Pandemic shutdowns led to dry cleaner demand.
38:12 Excited about technological innovation and Preso machine.
47:12 Excited early adopter for revenue-generating opportunities.
53:13 Adding value through customer belief, speed, and convenience.
55:23 Laundromat owners should consider revenue per square foot.
01:01:39 Outsourcing led to lower profit margins, but now 50%.
01:09:37 Gratitude for hard work and product sharing.
01:11:02 Episode on garment care, join discussion forums.

Show Notes
https://laundromatresource.com/show144

Resources

https://getpresso.com/

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

In this episode of Laundromat Resource, we delve into the inspiring journey of Alex Bloom, a high school dropout turned laundromat luminary. Join host Jordan Berry as he uncovers the story of Alex's rise from adversity to entrepreneurial success in the laundry industry. From managing multiple laundromats in different locations to negotiating creative financing deals and navigating unexpected challenges, Alex provides valuable insights, anecdotes, and practical advice for both aspiring and experienced laundromat owners. Tune in as we explore the highs, lows, and innovative strategies that have paved the way for Alex's remarkable achievements in the laundromat business. So grab a cup of coffee and get ready to be inspired by the entrepreneurial wisdom of Alex Bloom on this episode of Laundromat Resource.

In this episode, Jordan and Alex discuss: 

00:00 Take action now to achieve your goals.
06:05 Wife supports my endeavors, condo in Myrtle.
13:27 Business owner shares story of store fire.
18:13 Bought laundromat, profitable from day one. Utilities organized.
23:57 Slow, steady growth led to loyal customers.
32:11 Use card, return it. Text for issues.
33:41 Innovative thinking and problem-solving benefit business.
38:34 Tenant wants to buy property, not rent.
45:30 Upgraded to efficient water heater, saved money.
50:18 Three stores, one nearby, two across town.
55:33 Inexperienced person searches for commercial laundry machines.
01:03:29 Arrange meeting, Springfield, discussed previous conversation briefly.
01:06:55 Negotiated lower rent, financed store renovations.
01:12:23 Attendants praised for exceptional customer service experience.
01:20:32 $16 for hot water and deep cycle.
01:22:05 New Quantum Touch dryers improve drying speed.
01:26:29 Explaining laundry service, unawareness, and market challenge.
01:32:42 YouTube videos and podcasts provide valuable information.
01:37:39 Take action on one inspiring idea this week.

Show Notes-
https://laundromatresource.com/show138

Resources
Email: alex@YesWeLaundry.com
Website
Facebook
Instagram
Facebook
Instagram

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Welcome to the Laundromat Resource Podcast, where we dive into the world of laundromat ownership and operations. In this episode, host Jordan Berry sits down with special guest Ben Higginbotham, a seasoned laundromat owner and investor, to discuss his journey in the industry. From securing private investors and navigating the financial barriers of entry to the intricacies of negotiating deals and managing multiple stores, Ben shares valuable insights and experiences. The conversation delves into the illusion of money, negotiation strategies, and the transformative belief in creating wealth. Join us as we explore the challenges and successes of running a laundromat business and gain practical advice for aspiring and current owners.

In this episode, Jordan and Ben discuss: 

08:49 Real estate investor recommends working with investors.
15:22 Seeking less stress and more enjoyment in work.
18:42 Perspective from seller and buyer in negotiation.
24:14 Increased prices after installing new machines, successful.
28:45 Coin-operated store thriving, customer base expanding.
37:21 Mortgage rates: fixed vs. adjustable explained briefly.
40:11 Laundromat underwent complete renovation for better infrastructure.
43:30 Upgraded machines, brighter space, improved customer comfort.
52:34 Leasing a laundromat in leased space explained.
54:40 Selling stores, riding cash, buying real estate.
01:02:59 Money illusion shifts through wealth-building mindset transformation.
01:08:52 Unable to put 80-pound machines due to thin concrete.
01:14:37 Avoiding necessary systems leads to wasted time.
01:16:38 Access to information is valuable but caution.
01:24:55 Struggles with DIY versus hiring professionals.
01:28:21 Continuously improve, seek mentorship, and raise prices.
01:35:35 Pricing machines based on weight, seeking fairness.
01:39:22 Raise laundromat prices for quick improvement. 

Show Notes-
https://laundromatresource.com/show137

Resources
Email: Michiganstreetlaundry@gmail.com
Website
Facebook

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Welcome back to the Laundromat Resource Podcast! In today's episode, titled "10 Hard-Hitting Truths," we delve into some eye-opening realities for those looking to buy or own a laundromat. We discuss the challenges in finding deals, the importance of building relationships, and the need for collective action to drive change in the industry. They emphasize the value of transparency and support for laundromat owners, and highlight the resources provided by Laundromat Resource to foster collaboration and growth. So grab your headphones, because it's time to confront and address the truth in the laundromat industry. Let's dive in!

In this episode, Jordan discusses:

01:55 Podcast summary, new calculator and secret tool.
03:34 2024 goal: $50k value in pro community. Join for discounts, resources, and community.
08:23 Build relationships with brokers to get deals.
10:48 Math is key to finding opportunities in interest rates and purchase prices.
16:16 Podcasts, YouTube, and social media overwhelm with advice.
17:53 Hold tight to principles, be flexible tactically.
21:29 Pay attention to details, pricing, competitors, opportunity.
25:13 Social media accounts for laundromat attract customers.
27:58 Increasing costs put pressure on businesses. Difficulty in competing due to lack of response from competitors. Solution: better industry practices.
32:39 Continuous innovation is vital for long-term success.
35:08 Industry needs change; distribution model broken.
38:19 Ten industry truths to face for growth.

Forum Post- https://www.laundromatresource.com/forums/topic/10-hard-truths-podcast/

Show Notes-
https://laundromatresource.com/show134

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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. 

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

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. 

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Bryan Neal bought his laundromat a month before the world closed down due to the COVID outbreak. As a new business owner facing an unknown future, Bryan tells the story of his struggle to hold onto the business and turn it into a thriving service for his community. 

Bryan's story is one of grit, persistence, and bold action that has lead to his success. In this episode Bryan and Jordan discuss:

• Buying a $50,000 business
• Buying a business just before COVID
• Bryan's retooling strategy
• Buying a second laundromat
• Guerilla marketing tactics that lead to a 25% increase in revenue
• Overcoming a laundromat's bad reputation
• Overcoming fear to get started
• Launching a laundry pick-up & delivery service with Happy Nest
• How to grow a laundry pick-up and delivery service
• Old school vs. new school laundromat owner philosophies
• Networking with other owners
• Removing barriers for customers

And way more!

Show Notes
https://laundromatresource.com/show108

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
Extreme Ownership Book
Total Money Makeover Book
Sharon Brinks's Podcast 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 those links. 

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

The book $100 Million Offers by Alex Hormozi offers what Alex calls his Value Equation. The word "value" has been getting thrown around a lot in our industry for a while. So much so, actually, that I've actually been getting pretty sick of it. But, after reading, then re-reading Alex's book I started to contextualize his Value Equation to our industry and it led to a massive flood of ideas on how laundromat owners can dominate their market.

In this rare solo episode, I explain what Alex's Value Equation is and take you through it, variable by variable, to show you how you can dominate your market by optimizing each one. 

Obsessing over the details of each variable in your businesses will lead you to offering more value to your customers. This ultimately will lead to better service, a better working environment, and higher profits for you. Take this episode and run as far and as fast as you can with it! Dominate your market then join me on the podcast to tell us all how you did it!

Show Notes
https://laundromatresource.com/show106

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
$100 Million Offers

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. 

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikToc

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok