Laundry Money Podcast Show Notes

#1: Why Should I Start a Laundromat Business?

Written by Laundry Money Podcast | Jun 26, 2020 3:52:42 PM

  • Intro
  • [0:30] Laundry Money
  • [0:40] Max Branstetter, Hippo Direct, Wild Business Growth Podcast
  • [0:42] Howard Shear, Rex Anderson, Lakeside Laundry Equipment
  • Why Should I Start a Laundromat Business?
  • [1:33] Rex’s background as the Controller
  • [1:49] Howard’s background as the Owner
  • [2:20] When did you realize owning a laundromat could be a good business opportunity?
  • [3:19] When did you realize how profitable it could be?
  • [3:54] ROI (Return on Investment), IRR (Internal Rate of Return)
  • [4:08] 80/20 Rule
  • [5:05] What is important to know about starting a laundromat business?
  • [6:01] Demographic studies, High Renter Rate, Traffic studies
  • [6:28] “If you build it, they will come”
  • [6:54] What do Howard and Rex know best about investing in laundromats?
  • [7:08] Mojo baby
  • [7:18] Nest egg
  • [7:59] Gross income
  • [10:00] What are Howard and Rex looking forward to discussing on this podcast?
  • Outro
  • [11:02] Bring your laundromat business to life by visiting LakesideLaundry.com/Podcast and filling out the form
  • Theme Song: Rock Your Life – Abydos Music – provided by Jamendo
  • The numbers discussed in this podcast are based upon estimates and may vary from location to location. Past performances are no guarantee on future estimates, but are used as a guideline