The Laundromat Resource Podcast

Send us Fan Mail

Brian Wallace is the long-time President and CEO of the Coin Laundry Association. He has been an advocate for the industry for nearly 30 years. He has networked with hundreds, if not thousands, of laundromat owners, traveled all over the country visiting owners and laundromats, and facilitated research on the industry to help owners better their businesses.

Brian joins us on the podcast to share what he has learned about this industry, about what it takes to be a great owner and operator, and to talk about the trajectory of the laundromat industry.

In this show, Brian and I discuss:

• Brian's background and how he got his position as the President and CEO of the Coin Laundry Association
• What he has done to advocate for the laundromat industry
• What the trajectory of the industry is
• How technology is shaping this industry
• Passive laundromat ownership 
• Laundromat management companies
• The fragmented nature of the laundromat industry
• Tips on running a great business
• Attendant training
• Laundromat Marketing
• Coin Laundry Association research
• Networking in the laundromat industry
• Lease negotiations
• CLA resources
• The Laundry Cares Foundation

And way, way more!

Show Notes
https://laundromatresource.com/show52

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

• Live Q&A with Jordan and Dave "Laundromat Millionaire" Menz
• LaundryCares Foundation
• #laundriesconnectingcommunities

Resources

• Laundromat Resource Forums
• International Coaches Federation
• SBA Business Mentorship Program (SCORE)
• There, I Fixed It- Jacob Workman's Youtube Channel
• Jacob Workman's interview on the Laundromat Resource Podcast
• Planet Laundry Magazine

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 which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Steven Taylor is a prolific real estate investor who ventured into the laundromat business. The reason he bought his first laundromat is a funny story he shares in the interview. He owns one laundromat and is looking to build two more in properties he owns. He's hooked on laundromats and he'll tell you why you should be, too.

As a career investor, Steven has some great advice for anyone wanting to find financial freedom through investing in hard assets like laundromats and real estate. He's a wealth of knowledge and experience and shares openly as he weaves his story throughout the interview. 

Be prepared to take some notes because in today's show, Steven and I discuss:

• How Steven got into real estate investing
• How Steven went from 1 to 300 real estate investment units
• How he started a property management company and manages 1,100+ properties
• Why he bought a laundromat after owning so many rental units
• Where he found his first laundromat deal
• Where he learned about the laundromat business
• How he increased his laundromat's income by 800%
• Renovation tips for laundromats
• How he plans to expand his laundromat empire
• Online advertising for laundromats
• Basics of laundromat ownership
• Where you can get educated about the laundromat business
• His keys to success in business and investing

And so much more!

Show Notes
https://laundromatresource.com/show51

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

Resources

• Laundromat Resource YouTube channel
• Following Keenan YouTube channel
• Chock Full of Quarters YouTube channel
• There, I Fixed It YouTube channel with Jacob Workman
• Jacob Workman's Interview on the Laundromat Resource Podcast

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 which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Tom Donnelly has built the life of adventure that he wants through investing in real estate and laundromats and he wants to tell you how he did it! Traveling the country in his RV, Tom is invested in 30 rental real estate units and a laundromat and has never seen ANY of them! And yet, he's living a life of freedom and adventure!

Tom got his start in laundromats through soliciting laundromat owners in a wildly successful direct mail marketing campaign! He talked about it on the Laundromat Resource Forums (links to the topics below). From his acquisition strategy to his management strategy, Tom has been operating on a different level.

In this interview with Tom, we talk about:

• His background in investing
• How he got into real estate investing
• His multiple investing strategies
• Remote ownership
• His direct mail marketing campaign to buy his first laundromat
• Negotiating seller financing
• Negotiating the acquisition of a commercial building
• Tips on successful partnerships
• His plans for the future
• Working with distributors
• His strategy to get things done
• Gobundance Mastermind group

And much, much more!

Show Notes
https://laundromatresource.com/show50

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

• Laundromat Resource Podcast Show 2 with Dave Menz
• Tom's Direct Mail Campaign Forum Post
• Tom's Direct Mail Campaign Follow-up Forum Post

Resources

• Laundromat Resource Forums
• Laundromat Resource Podcast
• Coin Laundry Association
• Gobundance- Entrepreneurship Mastermind

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 Tom
Email: [email protected]
Instagram: @mynomadpad

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Entrepreneurship can be difficult. And it can be lonely. It often feels like you're on a roller coaster of ups and downs, highs and lows. How do we, as laundromat owners, navigate the ups and downs of this wild ride?

Today I have a conversation with Rick Rome about how to navigate those ups and downs. We hope this is encouraging for you wherever you're at on your entrepreneurship journey.

Show Notes
https://laundromatresource.com/show49

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

• Wash Club Trak- Laundry Pick-up & Delivery Software

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 which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Kent Wales is a 15+ year veteran in the laundromat business. He started out owning a self-serve coin laundromat and grew his business and expended into the service sector, offering drop-off and pickup and delivery service.

As a veteran who has taken a business he bought with very little money and grown it into a huge business, he joins us on the show today and offers us a Laundromat MBA. Kent hits all 3 of the main focuses of Laundromat Resource: Buy, Optimize, Scale.

He shares how he bought his first laundromat and gives advice to anyone looking to buy their first laundromat or anyone looking to expand into laundry pickup & delivery.

He talks about optimizing his business and offers great advice to any owner on how to do that.

He then spends a lot of time talking about how to scale your business. He shares very practical and actionable advice!

In this show, Kent and I discuss:

• How he got into the laundry business
• Vending machine routes
• How to buy your first laundromat with little money
• A lesson learned while arguing with his landlord
• How to know if a problem is important enough to pursue
• How to transition from a self-employed laundromat owner to being a business operator
• The biggest mistake he made (twice) when scaling his pickup and delivery business
• How to build a great team
• Strategy to increase prices
• How to grow your team
• "None of this is new"
• Plus, Kent shares a BUNCH of resources to help you succeed!

Get out your notepad and get ready for your Laundromat MBA!

Show Notes
https://laundromatresource.com/show48

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

• Mr. Money Mustache's Shockingly Simple Math Behind Early Retirement
• Coin Laundry Association

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

Connect with Kent
Email: [email protected]
Website: https://happylaundry.com

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Logan Wuethrich and his father have accumulated 10 laundromats and are on the lookout for more. They started off in small towns and have since expanded into larger towns. This give Logan a great perspective for anyone looking to buy a laundromat in a small town and scale their business!

With solid laundromat business advice packed in, Logan tells the story of how his dad got into the laundromat business, expanded his laundromat portfolio, and roped Logan in to help him run the business. Now, Logan has laundromat fever and is actively looking to expand their laundromat empire!

Get ready to take some notes because we cover a lot of ground in this episode, including:

• Logan's dad's story breaking into the business
• Building a strip center with no capital
• Tanning salons as a complementary business
• Zombiemats and how to make them profitable
• How to accumulate hard assets with little or no capital
• Systems to run a scaled up business
• Making a good offer on a laundromat business
• Small town laundromats vs. big town laundromats
• Systematic redundancy
• When to cut corners and when not to

And a whole lot more!

Show Notes
https://laundromatresource.com/show47

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

• Laundromat Resource Podcast Show 10 with Luke Williford
• Laundromat Resource Podcast Show 39 with Elizabeth Bricken Wilson

Resources

• Laundromat Resource Forums
• Business Wars Podcast
• 7 Habits of Highly Effective People
• H3 Leadership

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 Logan
Website: https://washboardsolutions.com
Email: [email protected]

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

"Laundromat Mike" joins us on the show today to drop a boat load of laundromat wisdom! As a distributor and broker, Michael Ambrose knows this business forwards and backwards. He meets with owners and operators, tours laundromats, and goes the extra mile to ensure his clients have success, and today he wants to make sure you're set up for success, too!

Michael leverages his knowledge, experience, and relationships to help you know what to look for in a distributor, how to best work with a distributor, and even gives his insight into what he sees successful owners consistently doing. 

With a servant's heart, humble attitude, and wise counsel, Michael is the kind of distributor you want in your corner!

In today's show, Michael and I talk about:

• The Laundromat Mike brand
• What is a distributor
• How to best work with a distributor
• The process of getting his first laundromat
• What successful owners do consistently
• Commonalities among struggling owners
• Due diligence
• The importance of a good lease
• What makes a good lease
• Diligence Capital Investments
• Passive laundromat investing

And WAY more!

Show Notes
https://laundromatresource.com/show46

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

• Laundromat Resource Podcast Show 43 with Andrew Cunningham
• Laundromat Resource Podcast Show 10 with Luke Williford
• Laundromat Resource Podcast Show 9 with Ross Dodds
• Laundromat Resource Podcast Show 39 with Elizabeth Bricken Wilson
• Ross Dodd's Check the Care Label Video
• Value vs. Price Video

Resources

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 Michael

Laundromat Mike Facebook Page
Laundromat Mike Instagram 

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

He's back as the first ever repeat guest on the Laundromat Resource Podcast. Dave "Laundromat Millionaire" Menz, guest of the second ever episode of the podcast, and also the most downloaded episode of the podcast, graces us with his presence again and brings with him a bucket of wisdom to share!

This is one that you'll definitely want to take notes on. I ask Dave some very pointed question with the intention of helping us all learn EXACTLY how we can all become top operators in the laundromat industry. And boy does Dave deliver! I left this interview feeling invigorated and having some very practical things to do to improve my business and to improve myself, and you will, too. That's a money-back guarantee!

In this show, Dave and I talk about:

• Dave's first interview on the show
• A brief update on the last 10 months since he was last on the show
• Lifelong lessons learned from the COVID pandemic
• What successful laundromats have done better than unsuccessful ones over the past year
• How to become a "top operator" in the laundromat business
• Why now is a great time to be a "top operator"
• Laundromat Millionaire and what is coming up from him!

And, seriously, SO. MUCH. MORE.

This show is an instant classic and will help set the standard for current and future owners as this industry moves forward!

Show Notes
https://laundromatresource.com/show45

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

• Bigger Pockets
• Laundromat Millionaire
• Laundromat Millionaire YouTube Channel
• Value vs. Price Video
• Laundromat Millionaire Facebook Page
• Laundromat Millionaire Podcast- Coming Soon!

Resources

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 Dave

Website: LaundromatMillionaire.com

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Brian and Melissa own 5 laundromats. They have scaled their business quickly and are on the prowl for more! After explore business and investment options, they landed on laundromats as their investment of choice and haven't looked back since. 

Brian and Melissa give a ton of practical advice on how to get into the business, how to find a model that works, and how to scale it from there!

If you're having trouble overcoming that first step and committing to the business, be prepared to be inspired! Once they decided on laundromats, they moved quickly and decisively and it has paid off for them!

In today's episode, Brian, Melissa, and I talk about:

• Brian's career as a radio host
• Laundromats vs. car washes vs. storage facilities as investments
• How to market your laundromat
• What to do about bad reviews
• Driving for dollars
• Advice for husband and wife teams on working together
• Branding stores similar
• The unattended laundromat model vs. the attended laundromat model
• How to turn around a failing store
• Bagging your wash-dry-fold laundry
• The importance of good presentation
• Asking good questions

And so much more!

Show Notes
https://laundromatresource.com/show44

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

• Laundromat Resource Podcast Show 10 with Luke Williford
• Following Keenan YouTube Channel

Resources

• Coin Laundry Association

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 Brian and Melissa

Website: mylaundryforless.com

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Send us Fan Mail

Today's episode of the Laundromat Resource Podcast with Andrew Cunningham is jam packed full of useful information for laundromat owners and newbies, alike!

Andrew has been in the laundromat industry in various roles and capacities for 35+ years and knows this business inside and out. He freely shares tips, insights, and procedures that only come with an intimate knowledge of the business. And we get to benefit from his many years of experience!

Andrew is a co-founder of the famous Lucy's LaundryMart in Southern California and co-founder of Cunningham Investments. As a sales rep, multi-store owner, consultant, broker, and more in the laundromat industry, Andrew is well versed in this business from multiple angles. 

From quick tips and tweaks to improve business to his in-depth store analysis procedure, Andrew is one of the good ones dedicated to helping you find financial freedom through laundromat ownership.

In today's episode, Andrew and I talk about:

• His history in the laundromat business
• How to survey a laundromat
• The inception and rapid growth of Lucy's LaundryMart
• What makes a good broker
• The glass ceiling of a laundromat
• How to reach a laundromat's potential
• His simple tip to save money on a key utility
• What to do if your laundromat is struggling
• The 2 lives of our machines
• Should you buy that laundromat?
• Breaking down employee responsibilities
• Your two most important business relationships
• Coin vs. Card systems
• Renting equipment
• How to instantly lose $25,000
• From most to least busiest days of the week
• Laundry pick-up & delivery
• Biggest mistakes owners make- laundry carts?
• Make-up air for dryers
• How to analyze a laundromat for sale

And so much more! Seriously, take good notes on this one. There is so much gold to be had for anyone interested in the laundromat business!

Show Notes
https://laundromatresource.com/show43

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

• Podcast interview with Donna and David Stark (Part 1)
• Podcast interview with Donna and David Stark (Part 2)

Resources

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 Andrew

Email: [email protected]

Phone:

(310) 951-4556

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok