Did you know that laundromats are a billion-dollar business in the United States? Can you imagine how many quarters there are in a billion dollars?
Yes, laundromats generate a lot of money. However, not all of it becomes the profit of a laundromat owner. Owning a laundromat also comes with steep expenses like utilities and overhead costs.
So, how can you make sure your laundromat is profitable? It helps to understand the numbers behind the business, and that's what today's conversation is all about. Let's jump right into making money through laundromats!
Top three things you will learn:
- The four numbers you need to understand to determine the value of a laundromat
- Different business models in the laundromat industry
- How to make your laundromat profitable
About Our Guest:
Jordan Berry owns multiple laundromats and is a business and commercial real estate agent. He launched Laundromat Resource, determined never to let a lack of information about the laundromat industry cause someone to suffer the stress he did early on. He created a website where he could provide thorough, transparent, and relevant information for other laundromat owners and prospective owners. LaundromatResource.com became a community dedicated to teaching and learning from one another, growing together, and succeeding together.
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
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