The Wealth Without Wall Street Podcast

Making Coin Through Laundromats with Jordan Berry

Dec 14, 2023

44:09

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Episode guests

Jordan Berry

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Owning a laundromat can offer the potential for passive income and financial freedom.

Finding and valuing laundromats for sale involves analyzing key factors like net operating income, equipment age, rent amounts, and lease duration.

Deep dives

Overview of Laundromat Ownership

Owning a laundromat can be a path to financial freedom, offering the potential for passive income.

Introduction

3min

Laundromat Fight

11min

Investing in a Laundromat: Challenges and Unexpected Dangers

2min

Owning a Laundromat: Challenges and Profitability

8min

Generating Passive Income Through Infinite Banking

2min

Valuing a Laundromat and Ways to Scale

20min

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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