The Laundromat Resource Podcast Jordan Berry

There is a LOT going on with the economy, local politics, global politics, and more right now. Everywhere you turn are headlines about inflation, recession, war, uncertainty, market declines, and more. With all of these scary headlines, the question becomes: "How does all of this affect our businesses and our lives?"

It's a difficult question to answer as there are so many variables to consider and so many unknowns. However, we do know that there is nothing new about inflation, recessions, wars, market fluctuations, and many of the other things going on in our world today.

So, one of the best ways to chart our path forward is to look at the lessons we've learned in the past. In times of change, fortunes are lost and fortunes are made. Inflation and a looming recession could spell disaster for your laundromat and your personal finances, or it can add a zero to your income and net worth.

In today's show, we're going to explore some ways that laundromat owners and investors can prepare for a recession, whether one is coming or not. We'll focus on 7 primary steps to take to prepare your business and yourself for a potential recession and set you up for success no matter what happens going forward!

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 Community
Join the discussion in the forums
Check out the latest Pro Perk from Cents!- Save $500!
Cash Flow Quadrant book
US News Article on Recession
Insider Article on CEOs' thoughts about a looming recession

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
Laundromat Resource Coaching


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

This episode answers one of the most frequent questions we get asked: "How do I know how much a laundromat is worth?" While there is a lot that goes into determining the valuation of a laundromat, the information in this episode will allow you to get an accurate initial valuation to make an offer on a laundromat.

This episode is taken from the first part of a webinar that Jordan gives every 4-6 weeks on how to analyze a laundromat deal. The second part of the webinar explains the process of due diligence and how to verify the critical numbers that determine the value and performance of a laundromat.  To sign up for the next webinar, check out the Events page! You can also watch a replay of the Analysis webinar and every other webinar we've ever done on-demand when you join the Pro Community!


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 next webinar
Laundromat Analysis  Calculator
Join the Pro Community

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
Laundromat Resource Coaching


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

Laundromat franchises are gaining popularity fast in America but there isn't much information about them out there yet. That's about to change. Alex Smereczniak of Laundrolab joins us on the podcast this week to talk about the ins and outs of laundromat franchises.

Many wonder what value a franchisor brings to the laundromat business and Jordan asks him that outright. They talk through the good, the bad, and the ugly of the laundromat franchise model. They discuss who is a good fit for a franchise and who might not be a good fit. They even discuss how much a franchise location costs and what their model is.

But this episode isn't only for those who are interested in learning about franchises. Alex has experience running successful laundromats himself and has insights into successful franchisee businesses. And he shares those success tips with us on the show today, as well!

In addition, Alex is joining Jordan for a free live webinar/Q&A on all things franchising on Thursday, May 24, 2022. If it has already passed, you can view the replay of that webinar and all of the other webinars we've done by joining the Pro Community.

In today's show, Alex and Jordan discuss:
How Alex grew a laundry service business 10x while in collegeHow he would change the Washio/Rinse business models to make them more successfulHow he built a laundry pick-up and delivery service, 2ULaundry, to do 3,000lbs/dayHow he raised $400,000 to open a location in RaleighWhat the value in a franchise isHow you can grow your laundry pick-up and delivery business to 3,000lbs/dayFinding one-to-many relationshipsThe process of buying a franchise from start to finishWhat a franchise helps franchisees withWhat you get with a Laundrolab franchiseResource from outside the industry that can help you grow your businessAnd a lot more!
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
Free Live Webinar/Q&A on All Things Laundromat Franchises
Laundrolab Franchise
Laundrolab
Email Alex- alex@laundrolabusa.com
Call Alex- (651) 764-0342
Laundrolab Business Overview
Laundrolab FDD

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
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. 

Elite athletes, professional musicians, C-Suite executives. What do they all have in common? Well, for one, they're all at the top of their game in their profession. But, for two, they almost always have a coach that is helping them continually progress to reach higher heights and to reach them faster. 

The thing is, having a coach doesn't have to be just for the elite. In fact, I would argue that the elite are often elite because they have great coaches. They don't get great coaches when they become elite. 

What does this all mean for you? It might mean that you need to get a coach to help you get to the next level and reach your goals faster. Whether you're looking to buy your first laundromat, wanting to scale your business faster, or trying to branch out to another business or real estate investing, having a great coach will help you overcome the obstacles in your way to getting there.

Today's guest, Jason Drees, is a performance coach who I have been using to help me level up my business game, and on today's show, he shares some advice on how you can up your game, too!

Some of the topics that Jason and Jordan cover are:
How to find success after a big failureHow to overcome your fear to get into the gameIncome levels and how to find where yours should beHow to scale up your goalsHow to know what level you should play atHow to find successAlignment in your lifeHow to change your mindsetWhat are vibrations? Are they real?Your financial mindsetCoaching options for youAnd more! Check out Jason Drees Coaching to see if it's a good fit for you. Be sure to select "Jordan Berry" in the How Did You Hear About Us dropdown box so that they know you're coming from this podcast!

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
Jason Drees Coaching
Jason's Book- Do the Impossible
Financial Mindset Accelerator Mindset Event
Laundromat Resource Recommended Reading List

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

Financing a laundromat can feel complicated. Whether you're new and trying to buy your first laundromat, a current laundromat owner needing to finance new equipment, a business owner trying to expand your empire, or you're needing to refinance loans, there are a lot of details to understand. It can feel overwhelming.

Well, today's guest, Chris Michalek of Prime Capital, joins us to answer all of your questions about laundromat financing. Of course, he can't answer every question in one podcast episode, but he can answer a lot of the biggest questions! And for the rest, Chris is going to join me in hosting a free live Q&A  on all things laundromat financing-related. He invites you to bring your general AND specific laundromat financing questions and has committed to staying on until he's answered them all!

You can sign up to join the webinar at https://laundromatresource.com/events!

As for this episode, Chris and I cover a lot of ground! We talk about:
Interest rates- how they work, what they're based on, getting rate locksRefinancing loans- when and how to refinanceAll-asset liens and cross-collateralizationCash flow statementsEquipment age vs. loan lengthCompetitors retoolingLease length vs. loan lengthdebt servicingBusiness plansAnd a LOT more! Tune in for this epic interview then join us for the live Q&A! You can also see this live Q&A replay and every other webinar we host when you join our Pro Community!
Show Notes
https://laundromatresource.com/show93

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 Financing Live Q&A
Chris's first Laundromat Resource Podcast appearance
Prime Capital

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

Jason Foster is a self-proclaimed "mom & pop" laundromat owner. With a single store, he sees a need for the smaller owners in the industry to share information, strategies, and benchmarks so he volunteered to come on the show to share his knowledge with us. And share he did!
A true international, serial entrepreneur, Jason stumbled on his laundromat on Craigslist and brought his business experience with him. Now he's on a mission to help the mom & pop owners of the world run their laundromats like a pro!
In this show, Jason and Jordan discuss:
Why he landed on owning a laundromat as a serial entrepreneurHow he found his laundromat on CraigslistHow to tell how well a laundromat is doingLease negotiationsWhy you should get seller financing even if you don't need itOpening on New Year's DayHow to get your business onlineHow he doubled his laundromat's revenueHow to improve the customer experiencePricing and larger machinesMachine repairTechnology and laundromatsPayrange card systemWhere to learn what you need to knowAnd a LOT more! Get the notepad and pen out for this one!

Show Notes
https://laundromatresource.com/show92

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
Connect with Jason- info@northhamptonlaundry.com

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