Investing in a Laundromat: Challenges and Unexpected Dangers | 2min snip from The Wealth Without Wall Street Podcast

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Making Coin Through Laundromats with Jordan Berry

The Wealth Without Wall Street Podcast

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CHAPTER

Investing in a Laundromat: Challenges and Unexpected Dangers

The speaker shares their personal experience of investing in a laundromat, discussing the initial excitement, challenges faced, and unexpected dangers associated with the property.

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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.

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