The Laundromat Resource Podcast

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In today's show, Andrew Cunningham, previous guest of the podcast, joins us once again to share some more of his practical knowledge to help you find more success in your laundromat business. Andrew and I tackle the finer points of buying a laundromat in a way that will be immensely valuable to anyone trying to buy their first laundromat, but also offers a lot for the veteran owners.

With Andrew's patented deep insight, he and Jordan talk real numbers, practical techniques, and specific examples.

In this episode we talk about:

• What to think about when buying a laundromat
• What to do when analyzing a laundromat
• How to analyze the competition
• Machine mix and washer to dryer ratios
• Make-up air (Andrew's favorite topic!)
• How to analyze the numbers of a laundromat
• How to interpret a demographics report
• How to analyze a laundromat with no profit or no books

And a heck of a lot more!

Show notes
https://laundromatresource.com/show62

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

laundromats-unfiltered.com
Andrew's First Show
Laundromat Resource Podcast show 61- "I'm Done."
Join the conversation from show 61
Data Episode

Cents Webinar- July 1 , 2021, 4pm pst/7pm est

Resources

Laundromat Owners Facebook Group
Laundromat Millionaire Facebook Group
Laundromat Resource Forums

Get Connected

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

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I'm done. What about you?

Join the forum discussion here

Interested in influencing the laundromat industry?- https://laundromatresource.com/forward

Show Notes
https://laundromatresource.com/show61

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

Jordan's Story
Peter Mayberry Interviews Jordan
Jordan's Take on Laundromats and Big Data

Resources

Masterclass
Drive, by David Pink
When, by David Pink
To Sell is Human, by David Pink
Laundromat Owners Facebook Group
Laundromat Millionaire Facebook Group
Laundromat Owners Only Facebook Group

Get Connected

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

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Send us Fan Mail

I often hear from laundromat owners or former owners that when they first bought their laundromat it wasn't what they expected. Often it was significantly more work and stress than they anticipated. 

Many owners cut their losses and sell their laundromat business. They then go off and explore other opportunities. A very few tough it out and either eventually find success, or eventually throw in the towel. Even less end up selling their laundromats only to regret it and buy the exact businesses they sold back.

That's Nathalie Beaubien's story. After a stressful and overwhelming start in her laundromat journey, she got to a point where she needed to sell her businesses. Shortly after she did, she regretted it. 

In today's show, Nathalie tells her story about why laundromat ownership was overwhelming, why she sold her businesses, why she bought them back, and what was different the second time around that turned her into the "Soap Box Queen!"

In today's show, Nathalie and Jordan discuss:

• The path of Nathalie's journey in the laundromat business
• One of the problems with laundromats
• Why she sold her business
• Why she bought her exact laundromats back
• How the last 7 years was different from her first 5 years owning her laundromats
• Where she found opportunity with her laundromats
• Why she prefers to be hands-on in her business
• How her personal brand has affected her businesses
• How she grew her wash and fold business
• What her secret sauce to success is
• The #1 tip she gives to new laundromat owners
• The best places she has gone to do her research on the laundromat business

And a lot more!

Show notes
https://laundromatresource.com/show60

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

Nathalie's email- [email protected]
www.soapboxlaundry.ca

Resources

Laundromat Owners Facebook Group
Laundromat Millionaire Facebook Group
Laundromat Resource Forums

Get Connected

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

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Send us Fan Mail

The laundromat industry is changing faster than ever before! Are you ready for it? In today's episode, Alex Jekowsy, CEO of Cents, and Jordan explore the trends in the laundromat industry and what role technology is playing to usher our industry into the future.

It's packed with valuable information to help you stay on the leading edge of the laundromat industry, plus practical insight and advice to help you run a better business, serve more customers, and find financial freedom through laundromat ownership!

Alex and Jordan also discuss Cents, the business-in-a-box solution for all of your laundromat business needs.  Cents is a company building the first market-network in laundry with a mission to outsource laundry day in America to local garment care professionals and business owners. Through Cents, garment care professionals have access to best-in-class software & hardware proven to save them money that will drive additional revenue through remote ordering, on-demand services, and more.

In today's show, Alex and Jordan discuss:

• Alex's background and what brought him to the laundromat industry
• What drives Alex's passions for the industry
• Why it's never been a better time to be a laundromat owner
• Simple ways to impact business with technology
• The purpose of new technology in business
• Who is Cents and what do they offer laundromat owners?
• Why investors are investing in Cents
• The future landscape of the laundromat industry
• The fate of the owner-operator model
• Franchise models and laundromats
• How to get started with Cents
• Advice for new laundromat operators
• Who is Cents for
• The mission of Cents

And a lot more!

Be sure to join us for our webinar with Cents CEO, Alex Jekowsky on July 1st, 2021. Visit https://laundromatresource.com/events to sign up.

Show notes
https://laundromatresource.com/show59

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

Scottsdale, AZ Meetup- June 26, 2021
Cents

Resources

Upcoming Webinar with Alex- A New Landscape for Laundromats
July 1, 2021 4pm pst/7pm est
Laundromat Resource Forums

Get Connected

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

Connect With Us
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Facebook
LinkedIn
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Send us Fan Mail

Steve Marcionetti, President of Card Concepts, Inc (CCI) and multi-laundromat owner, joins me on the podcast this week to cover a HUGE range of laundromat-related wisdom. 

We center around the pros and cons of adding a card system into your laundromat as a payment alternative or replacement for the increasing number of coins required to operate laundry machines. Steve gives a ton of great advice on how to add value to your customers AND to your business through using a card payment system without drifting into a sales pitch.

This episode by a true veteran in the industry is packed with practical information, including:

• Steve's background in the laundromat industry
• Changes he's seen in the laundromat industry over the past 22 years
• What draws investors to this industry
• What changes are coming in the laundromat industry
• What Steve thinks successful owners are doing better than average owners
• The benefits of a card payment system
• Things to consider when deciding to add a card payment system
• Are card systems suitable for lower-income areas?
• Effective promotions with card systems
• How to add value to your customers
• Getting referrals before you get into business or make a large business purchase
• Is a card system too big of an expense for your laundromat?

And a ton more!

Show Notes
https://laundromatresource.com/show58

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
Tom Donnelly's Interview on the Laundromat Resource Podcast (Buying a laundromat sight-unseen across the country)
Thomas Landenberger's Interview on the Laundromat Resource Podcast (Living in the Italian countryside & owning a laundromat in Florida)
Luke Williford's Interview on the Laundromat Resource Podcast (Owning 37 laundromats & counting)
Rick Rome's Interview on the Laundromat Resource Podcast (Closing down his self-serve laundromat due to a booming pickup & delivery business)

Resources

CCI- Laundrycard & Fascard

Get Connected

Diligence Capital Investments
Laundromat Investor Resources
Join Laundromat Resource
Laundromat Resource Forums
Laundromat Resource Blog
Be a guest on the podcast
Sell your laundromat
Laundromat Resource Coaching​​
Laundromat Resource YouTube Channel

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William Rogerson is a data analyst and new laundromat owner who is bent on elevating the laundromat industry, and his personal business, through the use of data. As a proponent that good data organized and analyzed well will lead to better business decisions, William walks us through some of the analytical techniques he uses in his laundromat business. 

William gives us a picture of how we, as laundromat owners, can collect data and use it to make better business decisions for our own businesses. He also makes a prediction of who is going to get ahead in the industry and who might be left behind. 

Get ahead of the curve with William!

In today's show, William and Jordan talk about:

• The Carvana business model
• Looking over the mechanic's shoulder to learn to repair machines
• Stack ranking and how you can use it in your business and life
• William's presentation on Big Data and Laundromats
• Cluster analysis and how you can use it in your business
• How to use data to make decisions
• Creating data sets that are usable
• Pivot tables and how you can use them in your business
• Regression analysis and how you can use it in your business
• The end game of data in laundromats
• Model building and how you can use it in your business

And a whole lot more!

Show Notes
https://laundromatresource.com/show57

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

• Big Data & Laundromats Forum Topic
• Laundromat Resource Podcast Show 55

Resources

• Meridian Econ Demographics
• Principles by Ray  Dalio
• Complaint is a Gift
• Pivot Tables- Tutorial
• Regression Analysis- Tutorial
• Model Building- Tutorial
• Time-value of Money

Get Connected

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

* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

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In today's show, we kick things off by going through the informational sources, tools, resources, and opportunities for you to buy your first laundromat, optimize your laundry business, and scale your laundry business.

This also comes with TWO HUGE announcements of things in the pipeline here at Laundromat Resource that will help you on your journey toward financial freedom!

Then we replay one of our past Live Q&A's with THE Dave "Laundromat Millionaire" Menz! We host them every month together. Join us for the next one! Links to the Laundromat Resource and Laundromat Millionaire YouTube channels below!

Links from the show

Links

• Sign up for the weekly Live Webinars here
• Laundromat Resource YouTube
• Laundromat Millionaire YouTube
• Business Mastery YouTube Playlist
• Laundromat Business Guides
• Keys to Buying Your First Laundromat e-book
• Laundromat Resource Podcast
• Get access to free member tools
• Laundromat business coaching and consulting
• Website design & marketing services
• Laundromat Resource blog
• LaundryCon! The first annual Laundromat Conference!

Resources

• Laundromat Resource Forums
• Cash Flow Board Game
• Cash Flow Quadrant
• Rich Dad, Poor Dad
• Entre Leadership
• The Richest Man in Babylon
• The Ideal Team Player

Get Connected

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

* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

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Send us Fan Mail

In today's episode of the Laundromat Resource Podcast, Jordan goes solo to discuss some thoughts about what is going on in our industry and what direction he sees the industry going. From technological advances to big company moves, the industry has been shifting. Jordan addresses how he thinks laundromat owners should operate their businesses and make decisions going forward.

Is it all just a big conspiracy? Or, is there merit behind some of the conclusions Jordan draws about the moves being made in the industry that could threaten laundromat owners and change the way the laundromat industry is structured?

You decided for yourself. And then head over to https://laundromatresource.com/forums/topic/big-data-and-laundromats/ and share your thoughts about the direction of the industry and the importance of big data in our business management decisions.

Get Connected

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

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Send us Fan Mail

Nikila Gibson is a serial entrepreneur who has started businesses from preschools to drop shipping to staffing agencies, and now runs a laundry pick-up and delivery business in the San Francisco Bay Area. She has started and grown her business from scratch using mostly word-of-mouth advertising and is growing at a rapid pace! 

Nikila brings grit and determination, hard work, and hard-earned business savvy to her laundry business, and, in this episode, she shares how she's done it and gives great advice to anyone else wanting to start or improve their pick-up and delivery business. And we have a lot of fun talking about it!

In this episode we talk about:

• Nikila's entrepreneurship background
• Being a single mom and business owner
• How she got started in the laundry business
• Eco-friendly laundry services
• Pros and cons of a laundromat owner partnering with a fluff n fold operator
• Pickup and delivery without a location
• How Nikila's customer flow works
• How Nikila gets customers
• Pickup and delivery as a tech and logistics company

And more! Be prepared to learn from a true entrepreneur!

Show Notes
https://laundromatresource.com/show54

Show Sponsor

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

• Mark Vlaskamp's interview on the Laundromat Resource Podcast

Resources

• Influence by Robert Caldini

Get Connected

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

Connect with Nikila
Email: [email protected]

Website: Lavewash.com

Social Media Links:
facebook.com/lavewash
https://instagram.com/lavewash
https://www.linkedin.com/in/nikila87

* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

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Eli Carey is retired military. Eli, however, didn't just retire from the military, he retired to a booming laundry business! His story is fascinating and the path that led him to his three-pronged laundry business demonstrates a feasible path into a prosperous business that many laundromat newcomers can take.

With a combination of grit, smarts, preparation, and the right partners, Eli shares his story from a blossoming vending business to the unique way he acquired his laundromat, to scaling into an impressive laundry service business. 

Eli's story will leave you energized, inspired, and motivated to push to the next level. He shares his experience, wisdom, and lessons learned along the way to help you build your own successful laundry business.

In today's show, Eli and Jordan discuss:

• Eli's military background
• How to start a vending machine route
• How he acquired his laundromat by assuming the seller's debt
• Lessons learned from taking over another business owner's debt
• Eli's $15,000 laundromat nightmare
• All about the dry cleaner business
• Pandemic-resistant commercial laundry clients
• The importance of pivoting your business
• Partnering with the right people
• Taking action as a new laundromat owner
• Resources Eli recommends to help you grow yourself and your business

And a whole lot more! If you're trying to get into the laundromat business with little money, or if you're trying to scale your laundry business, this is the show for you!

Show Notes
https://laundromatresource.com/show53

Show Sponsor

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

• Ross Dodds Podcast Interview
• Dave "Laundromat Millionaire" Menz Business Insider Article

Resources

• Extreme Ownership- Jocko Willink

Get Connected

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

Connect with Eli
[email protected]

* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

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