The Laundromat Resource Podcast

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The past 2 years have been a wild whirlwind for everyone, especially for small business owners. 2021 ended with some very fascinating developments that have deep-reaching implications for us laundromat aficionados. 

Jordan is joined by Marc Stern, Chief Lending Officer and Executive VP at Eastern Funding, for this hugely important episode discussing where we're at in the beginning of 2022 and where we're heading this year. Jordan and Marc talk about some hefty topics that will directly impact your pocketbooks...and net worth...and the survival of your business. No joke!

In this episode, Jordan and Marc discuss the present and future with respect to:

• Inflation
• Interest rate fluctuations
• Equipment pricing
• Equipment delivery times
• Cost of construction
• Where the opportunities lie during at this crossroad
• How you can capitalize on the changes happening

Plus, Marc gives his best tips to those hoping to buy their first laundromat, those who have just bought their first laundromat, and those who have been around the business given the current circumstances.

There's plenty more in this episode. It's definitely not one to miss!

Show Notes
https://laundromatresource.com/show82

Show Sponsors
AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Links
Sign up for the webinar!
Join the Pro membership today!

Resources
Why You Should Buy New Equipment Now [VIDEO]
Remarkable 2- Digital Notebook **Discount**

Get Connected
Join Laundromat Resource
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching

* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!

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This episode kicks off 2022 but it can also kick off the next 365 days of your life. Where do you want to be a year from now?

In this episode, Jordan shares a traumatic story from his teen years and relates it to you crushing your goals this year and getting what you want out of life. He gives you his 3 best tips on how to accomplish your goals and build the life you want to live.

In addition, Jordan announces the newest Pro member feature on Laundromat Resource, the Library of Knowledge! It's a sortable, searchable library of exclusive video clips that answer your questions, give you tips on building your laundromat business, and inspire you to achieve more, quicker! He also announces that a new, major feature will be added to the Pro membership every week for the next 8 weeks!

Sign up to be a Pro member to get access to the exclusive Library of Knowledge and the new features being rolled out over the next 8 weeks!

Show Notes

https://laundromatresource.com/show81

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Links

Join the Pro membership today!

Resources

Start With Why- Simon Sinek
Remarkable 2- Digital Notebook **Discount**

Get Connected

Join Laundromat Resource
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching

* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!

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Taken from a Live Q&A that Dave and I do monthly, this episode is packed full of practical advice and tips for newbies and seasoned investors alike!

We answer a TON of questions, including:

• How to not get ripped off when buying a laundromat
• What to know when opening your first laundromat
• Can you downsize your water heater when you have o-zone
• How much capital you need to start
• Should you buy an existing store or partner with a franchise
• Best practices to use with dry cleaning
• Dealing with equipment delays
• Is self serve dying and wash and fold and pick-up & delivery the wave of the future
• Card, coin, or app payment systems
• Marketing techniques with proven success
• Email marketing ideas
• Monthly laundry subscriptions
• Price per bag or per pound for pick-up & delivery
• When should you find a laundromat mentor
• How often should you replace machines
• What are the margins on pick-up & delivery
• Good laundry lenders
• Average pounds per order for pick-up & delivery
• Are distributors price gouging
• Can you own a laundromat remotely

And much more!

Show Notes
https://laundromatresource.com/show80

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
Laundromat Millionaire
Laundromat Millionaire Conference

Get Connected
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

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Christy Moore, founder of Social Spin, is a powerhouse for social causes! After having a bad experience in a laundromat 4 years ago, she decided she was going to take matters into her own hands and make a real difference in her community. She bought a laundromat using some creative techniques and is now building a business and altruistic empire that is transforming Phoenix.

This episode is for anyone who wants to make a difference in their community with their laundromats. In it, Jordan and Christy discuss:

• Christy's background in social work
• Conscious capitalism
• Purpose-driven initiatives she runs through her laundromat
• How she bought her first laundromat
• How she  funds weekly free wash days
• The logistics of running a free wash day
• Hiring employees with a barrier to employment
• How to use crowdfunding to purchase a laundromat
• Social programs she runs through her laundromats
• Utilizing college interns in her business
• Finding grants
• First steps for laundromat owners to implement social services in your business model
• Shifting business ownership to employees

And a WHOLE LOT more!

Show Notes
https://laundromatresource.com/show79

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
https://socialspinlaundromat.com/
[email protected]

To Donate- [email protected]

Get Connected
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

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In today's episode, we delve into the world of taxes with a true Laundromat Warrior, Richard Weisinger.  Famous for going toe-to-toe with the IRS in the 80's and 90's on behalf of laundromat owners, Richard knows the laundromat business like no other. And it shows.

As a former multi-laundromat owner himself, not only does he give actionable, monetizable tips for your tax planning purposes, he also gives great tips on operations, management, and acquisitions. This is an instant classic episode!

In today's show, Richard and Jordan discuss:

• Richard's background in the industry
• Richard's battles with the IRS
• The differences between laundromats and other businesses
• How to raise prices at your laundromat
• Why thinking about and planning for taxes is important as a business owner
• Depreciation- what is it, how does it help you, what is bonus depreciation
• Leasehold improvements and taxes
• State income taxes
• Timeless tax tips worth their weight in gold
• Depreciation recapture
• 1031 exchanges
• The power of real estate and businesses together
• Top tips for laundromat management
• What to look for in a laundromat location
• Why you shouldn't fall in love with your business
• Valuing your own work
• Using reputable agents
• Due diligence

And so much more!

Show Notes
https://laundromatresource.com/show78

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
Call Richard- (310) 432-4037
Email Richard- [email protected]

Get Connected
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

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If you're starting from the bottom and hoping to build a thriving business, Mark has the roadmap. If you're a laundromat or laundry service owner hoping to take your business to the next level, Mark has the roadmap.

Mark started in the laundry business with no laundromat and began offering a laundry pick-up & delivery (PUD) service to customers. He and his partners quickly scaled that business up and now do thousands of pounds of laundry every day and are soon-to-be closing on their third laundromat location and counting.

Not only is his business thriving, but he's also on a mission to continue to expand and to pull the whole industry along with him. Creative thinking, testing, and innovating, he's also giving back to help others benefit from the hard-earned lessons he's learned.

Join Mark and Jordan, along with a couple of other top laundry pick-up & delivery operators for a free, now-recorded webinar on How to Start and Scale a Laundry Pick-up & Delivery Business!

In today's episode, Mark and Jordan talk about;

• Mark's journey from zero business to a thriving business
• How he has scaled up his business enterprise
• SEO, paid advertising, and van wraps
• How to manage a business with slim margins
• Tips on getting more financing
• The differences between a PUD with a laundromat location vs. without owning a laundromat location
• The differences of managing a PUD business vs. a self-serve business
• The future of PUD
• We play a game!!
• Finding good content to help you on your journey
• Delegating

And a whole lot more!

Show Notes
https://laundromatresource.com/show77

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
FREE WEBINAR- How to Start and Scale a Pick-up & Delivery Business
Live Q&A with Dave "Laundromat Millionaire" Menz
The Folde's Blog
Luke Williford

Get Connected
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Laundromat Resource Coaching



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

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HUGE announcement in today's episode of the Laundromat Resource Podcast! We're launching a new website called Laundromat Marketplace where agents, brokers, and laundromat sellers can post their laundromat listings for FREE!

https://LaundromatMarketplace.com

One of the biggest questions I get is, "How can I find a laundromat for sale near me?" We built this website to help buyers find laundromats for sale and to connect both laundromat buyers and sellers with great agents and brokers! We built this website to help sellers connect with buyers quickly and efficiently. With a self-selected buyers email list of over 1,000 investors plus our massive (and growing) audiences on all our various channels, we can help sellers connect with the right buyer!

We also built this website to reward the great agents and brokers out there helping you buy and sell laundromats. I get asked for broker recommendations all the time so we integrated into this website the ability for great agents to be rewarded with great ratings and reviews. Consequently, also integrated into the website is some extra motivation to the mediocre and poor agents to step up their game.

And there is way more coming on this site to make it easier to both buy and sell laundromats and commercial real estate for FREE!

But that's only a small part of this podcast. This episode is really about "Why?" It's about why Laundromat Resource exists, it's about why Laundromat Marketplace now exists, and it's about why we need to work together to help this industry reach its huge potential. There is a lot to be done, so we'll need to do it together!

So check out the new site, encourage agents and brokers you know to post their listings there, and let's take the next step in this industry's evolution together!

https://laundromatmarketplace.com

Show Notes
https://laundromatresource.com/show76

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links

Why You Should Buy New Equipment NOW

Get Connected
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Sell your laundromat
Laundromat Resource Coaching

AtmosphereTV: https://atmosphere.tv/partner/laundromat-resource



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel 

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On today's show, John Buni and David Griffith-Jones of CleanCloud join us to share some incredible wisdom on how to run a modern laundromat. The laundromat industry is changing faster than ever before and we're at a point where what worked "then" won't necessarily work now. We, as laundromat owners, need to stay on the forefront of the industry and continue to evolve our business practices.

John and David work with thousands of laundromat and dry cleaner owners all over the world and have a LOT of wisdom to share to help you improve your business. This is a can't-miss show!

In today's show, Jordan, David, and John discuss:

• Automation in the laundry business
• Growing professionalism in the industry
• How to train your staff
• What to automate first
• Customer acquisitions & CRMs
• Machine tracking
• Subscription models
• Reviews

And that is just in the A's of the ABC's! We also talk about:

• How to be where your customers need you to be
• The best way to grow your business
• SEO & app store optimization
• Promotions
• Using gamification to keep customers engaged
• Receiving continuous feedback
• Continually improving
• The virtuous cycle
• Branding

And WAY more!

Show Notes
https://laundromatresource.com/show75

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
CleanCloud
Free Trial of CleanCloud
Webinar- The ABC's of Running a Modern Laundromat

Get Connected
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Sell your laundromat
Laundromat Resource Coaching

AtmosphereTV: https://atmosphere.tv/partner/laundromat-resource



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel 

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Today Marc Dupont joins us as a multi-laundromat owner and laundry pick-up and delivery operator to share a ton of what he has learned about the laundry business with us! He talks about how he bought his first laundromat as an investment, fell in love with the business, and now thinks of it more like a business than an investment.

Marc is a thorough researcher and has done his homework on this business. He shares the fruits of a lot of that research on the show. In today's show we talk about:

•  How Marc found his mentor who owns 13 laundromats
• How to find your own business mentor
• Finding an agent that you trust
• The investor mindset vs the business owner mindset
• How to test, measure, and modify your way toward a better business
• Getting good Google reviews
• Multiple streams of income
• Loan amount vs. investment amount- down payments
• How to raise your prices
• The difference in management between a card store and a coin store
• How to grow your laundry pick-up and delivery service
• Passion and business
• Defining your business model and acting accordingly
• Buying equity and building equity

And so much more!

Show Notes
https://laundromatresource.com/show74

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
Alejandro & Jorge's Hamperapp episode
FREE Live Webinar- How to Sell Your Laundromat For the Most Money
HamperApp
Marc's email address- [email protected]

Get Connected
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Sell your laundromat
Laundromat Resource Coaching

AtmosphereTV: https://atmosphere.tv/partner/laundromat-resource



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel r

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In this week's show we're joined by Brittany Centers, founder of Centers Social, to get a little more social with our laundromats. If you've ever wondered how to utilize social media for your laundromat business, this is the episode for you!

In this episode, Brittany and I discuss:
* How to use social media for your self service laundry business
* How to use social media for your wash-dry-fold laundry business
* How to use social media for your pick-up and delivery laundry business
* What platforms you should be on
* Tik Toc for laundromats
* #1 thing businesses do wrong on social media
* Facebook for laundromats
* Instagram for laundromats
* Twitter for laundromats
* Getting found on Google
* What to do with social media when you're just starting your business

And more!

Show Notes
https://laundromatresource.com/show73

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
Centers Social
(606) 272-7524
[email protected]

Resources
Laundromat Resource Forums
Laundromat Resource Events
Hootsuite

Get Connected
Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Events
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Sell your laundromat
Laundromat Resource Coaching

AtmosphereTV: https://atmosphere.tv/partner/laundromat-resource



* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok