Jordan Berry

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.

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 laundromatDifferent business models in the laundromat industryHow to make your laundromat profitableAbout 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.Connect with Jordan Berry:Website - https://www.wealthwithoutwallstreet.com/laundromatLive Events Change Lives: https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermindJoin the Community:https://www.wealthwithoutwallstreet.com/communityTurn Active Income Into Passive Income:https://go.wealthwithoutwallstreet.com/pios Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportKnow Your Investor DNA:https://go.wealthwithoutwallstreet.com/investordnaInvest with The Land Geek:https://www.thelandgeek.com/Invest with Your Friends and Family:https://www.tribevest.com/wwws—

Former youth pastor Jordan Berry shares his inspiring transition to becoming a successful laundromat owner and passive income expert. He discusses the challenges of buying his first laundromat, strategies for turning his business around, and now helping others achieve financial freedom through passive income.