Acquiring Minds

Choosing Laundromats over Real Estate


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Geoff Oliver bought 2 laundromats in rural Texas. He shares his numbers & what to consider when acquiring a laundromat. 

Themes from Geoff's interview:

  • How working as an SBA lender lit a fire for acquisitions
  • Looking for a real estate investment and finding a great business instead
  • What makes laundromats competitive
  • Self service vs. full serve
  • Why quality of laundromat equipment can matter more than earnings
  • Understanding your customers’ preferences before making changes
  • The growth potential of asset-heavy businesses
  • The appeal of “zombiemats”
  • How to hire a manager for your laundromat

Reach Geoff at:

  • @GeoffOliverATX on Twitter
...more
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Acquiring MindsBy Will Smith

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