The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs The $300K/Year Business That Almost Never Fails⏐Ep. #239
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Oct 27, 2025 
Tyler Purcell, owner of multiple Laundry Spot laundromats and a wealth management firm, reveals the secrets behind his success in laundromat economics. He discusses his grand opening strategy that skyrockets revenues to $500K in the first month and his innovative approach towards commercial laundry and residential pickup services. Tyler highlights how his chain has outperformed competitors, transforming the laundromat industry, and emphasizes the need for modernization. He provides insights into the financials, customer acquisition tactics, and future ambitions for expansion.
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How He First Entered Laundromats
- Tyler discovered laundromats through his wife’s family and was surprised by the strong unit economics he found in their books.
- That discovery led to rebranding and opening multiple Laundry Spot locations with rapid growth.
Laundromats Are Ten Years Behind
- The laundromat industry lags other sectors by about a decade in innovation but is catching up now.
- Tyler compares it to where car washes were ten years ago and expects rapid modernization and investment.
Open Across From 'Zombie Mats'
- Open new stores across the street from poorly run but busy laundromats to capture existing demand.
- Prefer white-box builds over buying old laundromats because infrastructure and layouts often make renovations inefficient.