If you are brand new to the laundromat industry and are here to learn, explore this category. It will get you started on the right foot!
Is It Easy to Own a Laundromat? As a laundromat coach and consultant, I get asked all the time how hard it is to own a laundromat. In fact, that’s the question I had when I first got into the industry, too. It seems so simple that it can feel Read more…
How Much Does the Average Laundromat Make In a Day? I often get asked some variation of the question, “How much do laundromats make in a day?” Of course, the answer is a resounding, “It depends.” However, here’s my assessment of how much the average laundromat makes in a day. Read more…
How Much Capital Do You Need to Start a Laundry Business? While typically yielding great returns, the laundry business notoriously requires a lot of capital to get started. Expensive equipment and the promise of a high return on investment drive up the price of acquiring a laundry business. This can Read more…
10 Most Common Reasons Laundromat Owners Sell Their Laundromats At Laundromat Resource we are constantly talking about using laundromats to find financial freedom. We believe that laundromats have amazing wealth building possibilities because they target all 3 legs of the Wealth Tripod. If laundromats are such great wealth builders, why Read more…
How Much Does a Laundromat Make Annually? You can make a fortune by owning a laundromat business. They are cash based, simple businesses that don’t require a lot of your time to manage. But, exactly how much does a laundromat make in a year on average? How much does a Read more…
Get a FREE Laundromat! A Complete Guide This article was originally posted on the Bigger Pockets website. Real Estate Investing vs Laundromats for Cash Flow My previous Bigger Pockets blog post, You Shouldn’t Buy Real Estate for Cash Flow!, got a lot of attention on Bigger Pockets. It rapidly became Read more…
How To Do Laundromat Due Diligence Answer these 4 questions when doing due diligence on your laundromat purchase to ensure you buy a profitable laundromat: Is the laundromat making what the seller says it is making? Is the laundromat spending what the seller says it is spending? Does the laundromat Read more…
You Shouldn’t Buy Real Estate For Cash Flow This post was originally featured on my member blog on the Bigger Pockets real estate investing website. Let’s start out with this: I am a real estate investor at heart. I love real estate and I am building my real estate portfolio Read more…
Facebook Instagram Youtube Twitter [GUIDE] How To Buy a Laundromat If you’ve been around Laundromat Resource for a little bit, then you probably know that there are at least 10 Reasons Why Laundromats Are The Best Investment You Can Make. If they’re such a good investment, you’re probably wondering how Read more…
All About Laundromat Pro Formas When you’re buying a laundromat, or any business really, you will likely receive a document called a pro forma. Laundromat pro formas are a short summary of the performance of the business. There will be 7 categories of information about the business summarized on the Read more…
4 Essentials to Know BEFORE You Buy a Laundromat! So, you want to buy a laundromat. Maybe you’re like me and you’re seeking Financial Freedom Through Laundromats. One of the most frequent questions that I am asked in our FREE Consultation phone calls is what to look for when buying Read more…
ARE LAUNDROMATS PASSIVE INCOME? Are Laundromats Passive Income? The reason I got into the laundromat business, and probably one of the main reasons you’re interested in it, is that it is a simple business that doesn’t require you to be present to operate. This is a huge draw of laundromat Read more…
Verifying Laundromat Income With a Coin Count After you make an offer to purchase a laundromat and that offer is accepted, there is a VERY important question that you need to answer before you finalize your agreement to take over ownership of the business. A coin count is a critical Read more…
Financial Freedom Through Laundromat Ownership Financial Freedom Financial freedom is all the rage right now. There are blogs, YouTube channels, social media accounts, books, and every other form of communication touting the secret of the holy grail of personal finance. So what is financial freedom, anyways? Financial freedom has many Read more…
How To Get Rich With Laundromats [VIDEO] The Wealth Tripod There are 3 main areas to focus on when creating wealth, each of which corresponds to a leg of what I call the Wealth Tripod. Many of us focus on one, or maybe 2 of the legs of the Wealth Read more…
10 Reasons Laundromats Are the Best Investment You Can Make! 10 Reasons Laundromats Are the Best Investment You Can Make Laundromat Investment If you’re an investor, chances are you’re looking for an investment to help you build wealth. You need an investment that maximizes all 3 legs of your Wealth Read more…
How to Finance Your Laundromat Purchase A Complete Guide 9 Ways to Finance a Laundromat How to Buy a Laundromat- Financing I see so many people who are frozen in their journey towards financial freedom because they run into the barrier of financing. If nothing else, this thorough article should Read more…
Get Your Head Right! Having the Right Mindset So you’ve started looking for a laundromat to scoop up and make your own! It’s an exciting time because it is filled with potential and can feel like an adventure. But buying a laundromat can also be polluted with anxiety because you Read more…
How Much Does a Laundromat Cost? The big question on everyone’s mind is: How much does a laundromat cost? The answer is: It’s probably more than you expect. Let’s go through the 27 essential costs to budget into your laundromat acquisition. It may feel overwhelming when all of these things Read more…
The 3 P’s of a Stellar Laundromat Location Laundromat Location Determining a stellar laundromat location for your first, or next, purchase is the most important thing you can do. Let me repeat: The most important thing you can do is buy a laundromat in a good location. This post is Read more…
How to Buy a Laundromat Maybe you were convinced by the 15 Irresistible Reasons to Buy a Laundromat, or by the Laundromat Resource Podcast episode outlining why Laundromats Might Be the BEST Investment You Can Make, but you think you’re ready to buy a laundromat. Congratulations! You’re stepping into the world of Read more…
5 Money-Saving Minimum Deal Standards Before buying your first, or your next, laundromat, it is very helpful to establish your minimum deal standards. What I mean by that is that it is helpful to write down exactly what you’re shooting for when purchasing a laundromat to give you a standard Read more…
9 Essential Laundromat Analysis Keys [Checklist] In past posts, I’ve talked a little bit about why I bought a laundromat, 15 irresistible reasons to buy a laundromat, and if laundromats are good investments. Let’s get practical now. You want to know how to find, analyze, buy, and run your own Read more…
15 Irresistible Reasons to Buy a Laundromat (and Not Some Other Business) Spending late nights cleaning up after homeless people and slobs in my first laundromat, wishing I was doing anything else other than what I was doing at the moment, it was hard for me to believe that there Read more…
Should I Buy a Laundromat? Why Did I Buy a Laundromat? Before we help you find your answer to the question, “Should I buy a laundromat?” let me tell you the story about why I bought a laundromat. People ask me all the time. “Jordan, why on earth did you Read more…
Are Laundromats Good Investments? Often in conversations with intrigued investors I’m asked, “Are laundromats good investments?” I own multiple laundromats and can speak with experience to that question. My answer to the question might seem to be semantics. This is one instance where I think semantics are very important and Read more…
