The Laundromat Resource Podcast Jordan Berry

Welcome back to the Laundromat Resource podcast, where we spin you through the ins and outs of the laundry business. Today’s episode, "Wealth Off Washers," is going to tumble into the lucrative world of laundromats as investments.

Our special guest is Joe Ebanks, an entrepreneur who’s taking the laundromat industry by storm. In just seven months, he's acquired five laundromats and is on the brink of closing on two more! Joe will share his journey from real estate investing to laundromat mogul, shedding light on the financial nuances of acquiring laundromats and how it compares to traditional real estate investments. 

Joe also gets into the nitty-gritty of running the day-to-day operations and the significant growth he’s seen from a handsome spruce-up and solid online presence. With a focus on customer experience, Joe's laundromats stand out as clean, safe, and customer-oriented spots in Tampa, Florida. 

You’ll learn about the challenges Joe faced, like natural disasters and the reality check of untrustworthy employees, showing that it's not just all suds and easy money. We'll get an insider look at their extensive hiring process, the importance of tracking KPIs, and some creative marketing strategies.

In this episode, Jordan and Joe discuss: 

00:00 Support the podcast and YouTube channel. Leave feedback.
09:36 Older businesses lacked basic marketing and procedures.
13:45 First laundromat in Tampa, Florida, Armenia Avenue.
21:11 Offer owner financing, secure good terms, profitable.
22:51 Seller finance terms explained with amortization and balloon payment.
28:32 Unexpectedly inheriting laundromat, cleaning, learning operations.
34:56 Accepted options move forward, others pushed aside.
39:06 Demographics tell who, psychographics tell why. Prospect clients based on lifestyle and income.
47:32 Clothes are personal and expensive, big deal.
54:27 Documenting growth to scale laundromat business strategically.
01:00:33 Documenting real-life incidents in laundry business.
01:03:23 Owner financed laundromat, now partially owned by seller.
01:07:39 Lesson learned about hiring from laundromat mishap.
01:14:52 Calculator on website helps laundry business profitability.
01:20:45 Frequent use of company's resources boosts credibility.

Show Notes

https://laundromatresource.com/show153

Resources

Email: joe@maverickcapgrp.com
Website: https://www.armenialaundromat.com/
https://www.theriversidelaundromat.com/
https://www.instagram.com/wealthoffwashers/
https://www.facebook.com/groups/wealthoffwashers
https://www.instagram.com/lisalee_ebanks/
https://www.instagram.com/cashmanpayscash/
https://www.facebook.com/joe.ebanks.54
https://www.facebook.com/lisaebanks87

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Welcome to another episode of the Laundromat Resource Podcast, where we unravel the ins and outs of the laundry business. Today we're taking flight with Gustavo Moraes, a Brazilian ex-helicopter pilot turned laundromat entrepreneur.

In this episode, 'Brazilian Helicopter Pilot Buys Tiny Laundromats,' Gustavo gives us an inside look at his whirlwind journey of opening three successful laundromats in six months. We'll dive into the strategies behind his eco-friendly laundromat operations, the practicalities of franchising in Brazil, and how digital marketing plays a pivotal role in educating a new wave of self-service laundry customers.

Gustavo aims high with plans to expand his operations and shares valuable lessons on customer service, machine maintenance, and efficiency. Join us as we spin through the challenges and victories of starting and sustaining a thriving business in a market ripe for growth.

Whether you're a potential investor or a curious entrepreneur looking to start fresh, this episode is packed with insights that could help your ventures take off. Let's jump right into the conversation with Gustavo and learn how to make your laundromat business soar. 

In this episode, Jordan and Gustavo discuss: 

00:00 Laundromat industry consulting available, book online easily.
05:54 Passionate about flying, seeks flexible side job.
15:03 Rural to urban migration increases laundromat demand.
20:31 Clean hired service, present to welcome customers, PIX.
26:23 Negotiating supermarket space led to successful business.
31:14 Digital marketing, person to explain at stores.
34:21 One dollar equals 5.5 reais. Shop cost: $30,000 includes equipment and remodeling.
40:58 Develop growth mindset for business success and expansion.
46:44 Laudromat businesses differ in Brazil and America.
50:02 Rapid expansion of self-service laundromats across country.
55:12 New locations for utilization, societal reception uncertain. Trend rising.
01:02:54 Customers often overfill washers, blame machines.
01:05:13 Embrace the empty space and build it.
01:10:02 Laundry business comes in various sizes.
01:14:31 Adding Brazil to travel bucket list, thanks Gustavo.

Show Notes-
https://laundromatresource.com/show152

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

Resources
Email: gustavomoraes0@gmail.com

Website: https://lojas.laundromat.com.br/laundromat-lavanderia-self-service-lind-ia-curitiba-pr
Franchise website: https://laundromat.com.br/ 
Google Maps link: https://maps.app.goo.gl/5UCuMAZjDg32oLLV6 
Instagram / @laundromatwb https://www.instagram.com/laundromatwb?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw== 

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Welcome back to the Laundromat Resource podcast, where we dive into the spins and cycles of the laundromat industry. I'm your host, Jordan Berry, and today we’re joined by a remarkable guest—laundromat owner and author, Mark Csordos. He's here to detail his success story, from the personal challenges that led him to reinvent his life through laundromat ownership, to the innovative strategies that set his business apart. 

Mark took a proactive approach by sending just 30 letters to potential sellers and spun a golden opportunity from just three responses. He's a staunch believer in community engagement and will share how initiatives like setting up a book exchange have endeared his business to locals.
Alongside Mark, we have Gabe from BMR dropping another quick marketing gem, emphasizing the power of a mobile-friendly digital presence.

If you're curious about the real nitty-gritty of running a laundromat, eager for expansion, or just need the inspiration to get your feet wet in the industry, this episode is packed with the wisdom and practical advice you need. So make sure your headphones are as ready as your detergent because this is one episode you don't want to miss. Let's jump in!

In this episode, Jordan and Mark discuss:

00:00 Laundromat podcast with owner Mark Sordos discussed.
06:16 Laundry business offers community connection and profit.
11:33 Smooth transition, minimal owner support, important preparation.
20:24 Buyer feels better if seller has confidence.
24:05 Challenges in learning but quick adaptation process.
29:16 Steady income from regular clients keeps business.
32:20 Laundry service offers flexible pickup times.
38:55 Supporting the community through book donations.
47:24 Promoting laundry service at chamber functions effectively.
52:58 Running a diverse laundry business with involvement.
54:34 Convenience of close laundromat and potential gig economy.
01:00:47 Showing up and offering services brings success.
01:07:41 Research before buying; don't rush purchase.
01:10:49 Thanks for coming. Check out Laundromat Bible.

Show Notes

https://laundromatresource.com/show151

Resources

Email: markcsordos@aol.com
Website: www.washingwell.biz
Linkedin:  https://www.linkedin.com/in/markcsordos/
YouTube: https://www.youtube.com/@LaundromatEntrepreneur

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
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Welcome to another episode of the Laundromat Resource podcast! Today's episode, "Masterminding His Way to Laundromat Success with Jose Andino," is a masterclass in resilience and resourcefulness in the world of laundromats.

Join us as our guest, Jose Andino, walks us through his extraordinary journey of taking a struggling laundromat in Boston and turning it into a thriving business. Discover how Jose leveraged networking, mastermind groups, and the power of a family-run operation to overcome obstacles and implement innovative solutions like a card-based payment system and savvy marketing strategies.

Learn from Jose's hands-on experience with renovations, pricing tactics, and utilizing technology to enhance customer service. Plus, hear about the vital role community and customer relations play in achieving laundromat success.

Whether you're already in the industry or considering taking the plunge, this episode is brimming with valuable insights you won't want to miss. Get ready to be inspired to take your laundromat game to the next level. Let's get started!

In this episode, Jordan and Jose discuss:

00:00 Regular group support for business growth and encouragement.
09:03 Tried teaming up for laundry business, fell through.
14:11 Struggling to gather laundromat information, faced frustration.
19:55 Confident in success, securing laundromat deal with determination.
24:19 Despite challenges, laundromat remains popular and hopeful.
31:07 Laundry card system still accepts cash.
32:05 Laundry Works promotes exciting, convenient, data-safe experience.
40:10 Order had error, customer unaffected, notification missed.
44:31 Mistakes can create opportunities for stellar service.
48:10 Learning from customers' basic needs in laundry business.
53:30 Upcoming guest discusses relatable entrepreneurial journey.
01:02:11 Price includes Giga Worker within 3 miles.
01:06:22 Laundromat owner saves money through local resources.
01:08:35 Visit, call, and research machinery prices.
01:18:36 Valuable mastermind groups support and encourage entrepreneurs.
01:22:18 Family support crucial for juggling responsibilities.
01:25:30 Take action, achieve goals, be held accountable.

Show Notes-
https://laundromatresource.com/show150

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

Resources
Buy Back Your Time- https://amzn.to/3TYqCnk
Extreme Ownership- https://amzn.to/43GoWC0
Purple Cow- https://amzn.to/4cHgXZB
Never Split the Difference- https://amzn.to/4cDLrf7

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Laundromat Resource Events- https://laundromatresource.com/events
Laundromat Investor Resources- https://laundromatresource.com/resources
Laundromat Resource Blog- https://laundromatresource.com/blog​​​​​
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In today's, we're chatting with Mike Mans, a laundromat industry innovator and mechanical engineer turned laundry entrepreneur. Mike will share his hands-on experience on how to keep your laundromat bustling with up to 4 turns per day and why being a jack-of-all-trades in maintenance might just be your key to cost-saving.

In a riveting discussion, Mike gives us the lowdown on why buying beats building in the laundromat world, the role of hybrid payment systems, and branching out into profitable side hustles like tanning and car washes. He'll also tackle the nitty-gritty of financing, from SBA loans to local banking partnerships.

Brace yourself for insights on the seasonal challenges of car washes, why a clean store is worth the extra cost, and the practicalities of competing in a town with a population of just 15,000. Plus, get ready for a surprising twist—Mike's unexpected passion for drag racing!

In this episode, Jordan and Mike discuss: 
00:00 Mike offers laundromat buying course with tools.
08:34 Pandemic rules favor renters, leaving landlords vulnerable.
10:35 Entrepreneur sells dry cleaning business, enters laundromat industry.
16:48 Replaced old top loads with new Maytags.
24:22 Affordable luxury beds, high profit margin business.
27:43 Tanning businesses still thriving in Minnesota area.
36:47 Overall, revenue is higher due to variety.
43:16 Cash flow struggles led to valuable lessons.
44:57 Seller withheld financial information, causing doubts.
49:12 Hopeful about buying more locations, wary sellers.
55:54 Competition in Laundromat business in Minnesota.
01:04:11 Rural store prices higher but quality better.
01:09:17 Managing businesses: occasional visits, mainly for maintenance.
01:11:07 Learn equipment maintenance to save repair costs.
01:15:48 Facebook has many helpful laundromat-related groups.

Show Notes

https://laundromatresource.com/show149

Resources

Email: mike@royalwashhouse.com
Website: royalwashhouse.com
Website: thelaundryroomnh.com
Facebook: facebook.com/mike.mans1

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
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Welcome to another episode of the Laundromat Resource Podcast, where we provide valuable tips and strategies for laundromat owners and operators. In this episode, host Jordan Berry shares insights from a talk he recently gave in Spokane, Washington, focusing on two crucial aspects of laundromat management: increasing your laundromat's value and scaling your business portfolio.

Jordan delves into the importance of preparing your laundromat for a successful sale way before you even consider putting it on the market. He emphasizes the need for strategic planning and proactive measures to optimize your laundromat's value, covering topics such as maximizing net income, understanding the significance of financing, leveraging technology, and building a strong team.

Jordan explores the concept of scaling your laundromat business and shares his thoughts on the different roles and skill sets needed to effectively scale from owning a few laundromats to managing a larger portfolio. He stresses the importance of forward-thinking and strategic planning, urging listeners to plant the seeds for long-term success and value optimization.

If you're looking to make more money with your laundromat or aspiring to scale your business portfolio, this episode is a goldmine of actionable strategies and insights. So get ready to take some notes and join us as we dive into the world of maximizing laundromat success.

In this episode, Jordan discusses: 

00:00 Plan for selling laundromat, increase net income.
04:56 Understanding laundry costs leads to strategic pricing.
07:17 Opinions on posting updates about price changes.
11:47 Maximize laundromat value by optimizing income, cutting expenses.
14:56 Maintain clean books for financing laundromats.
18:27 Embrace technology, online presence, clear business plan.
21:34 CEO hires regional managers, scales business operations.
24:58 Owning multiple laundromats requires CEO-type skills.
26:05 Plan now for maximum laundromat value.

Show Notes-
https://laundromatresource.com/show148

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
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