The Side Hustle Show 10 Reasons to Buy a Laundromat Business as Your Next Side Hustle (Greatest Hits)
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Jul 3, 2025 Jordan Berry, a former pastor turned laundromat owner and advocate, shares his unique journey into the world of laundromats. He argues that these businesses can provide attractive passive income and better returns than real estate. The conversation covers essential topics like financing options, common pitfalls to avoid, and innovative marketing strategies. Jordan emphasizes the importance of due diligence and operational efficiency, and he shares insights into current industry trends and the potential for remote management.
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Jordan's Laundromat Origin Story
- Jordan Berry decided to buy a laundromat after his wife suggested it, inspired by a family friend who quit his tech job to run one.
- They sought passive income and better returns than real estate, which led Jordan into the laundromat business.
Laundromat Valuation and Returns
- Laundromats are valued on a multiple of net income, typically 3.5 to 5 times, reflecting strong returns.
- This can yield unleveraged returns over 20-30%, which is attractive compared to many traditional investments.
Verify Laundromat Income During Diligence
- Protect yourself by collecting coins with the current owner during due diligence to verify income.
- Compare water meter readings alongside utility bills to confirm business activity and expenses.
