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!
Listen To The Podcast Here
Watch The Podcast Here
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- Podcast interview with Donna and David Stark (Part 1)
- Podcast interview with Donna and David Stark (Part 2)
- 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]
Andrew Cunningham (Andrew Cunningham Enterprises, LLC), has a solid background with over 36 years of building, buying, selling and operating laundromats in Southern California. In 1995, Andrew and his brother raised $30m so that they could create a new concept of co-branding in the laundry industry. Lucy’s LaundryMart™ was a unique store chain which pioneered and set the standard for co- branding in the industry. Since 1989, Andrew has been a professional consultant in the laundry industry and a licensed Real Estate Broker in California. In 2000, he created Andrew Cunningham Enterprises, LLC which is his platform for selling and buying laundries and for teaching owners and buyers alike, the ins and outs of purchasing and operating laundromats. His laundromat knowledge is extensive as is his list of clients who have succeeded in the industry. He is an expert at helping existing seasoned laundromat owners evaluate their existing operations with the goal of maximizing their profits and raising customer satisfaction. For those just starting out in the industry, perhaps buying their first laundry, Andrew brings with him years of experience, a wealth of information, knowledge, and experience. Few, if any other owners or operators even with years of experience provide the level of insight and expertise he offers. He is frequently hired to complete “Due Diligence Reports” used in the process of buying laundromats. He is recognized by the Coin Laundry Association as an industry Leader and awarded this title in 2000. The Coin Laundry Association recognizes Andrew Cunningham as a teacher and mentor and at their request developed a training video for laundromat employees. Andrew can be reached at 310-951-4556 or [email protected].