Maximizing Cash Flow in My Laundromat Business

Intro
[0:29] Laundry Money
[0:37] Max Branstetter, Hippo Direct, Wild Business Growth Podcast
[0:43] Howard Shear, Rex Anderson, A.L.L. Laundry Service
Maximizing Cash Flow in My Laundromat Business
[1:27] How do you know how big and popular a laundromat business you can support?
[1:58] Bulkheads, HVAC
[2:39] What can you do to maximize cash flow in your laundromat business?
[2:43] Advertise, Yelp, Mailers, Giveaways, Laundry bags
[3:38] Grand Opening, Hot dog cookouts, Raffle tickets
[4:52] Grand Reopening, Customer Appreciation Night, Reading Center
[5:16] Jackie Moon, Semi-Pro
[5:36] iPhone, Apple
[6:25] Customer Service, Candy Machines, Massage Chairs, Arcade Games
[6:38] Should I own ancillary games and machines or partner with a separate owner?
[7:16] Soap machines
[7:31] The Candy Man Can
[7:49] How much can you have accountability in your laundromat business?
[8:23] ESD credit card system
[9:18] Should I find a partner for my laundromat business investment?
[9:41] Income
[10:47] What are the 4 Fingers of Cash Flow?
[11:14] Hiring Attendants & Equipment Costs (Overhead), Rent, Utilities, Service costs
[12:18] Profitability
[12:38] Depreciation Schedules
[13:04] Net Income, Tax Penalty
[14:22] What is important to reiterate about investing in a laundromat business?
[14:41] Distributor, Demographics
Outro
[15:14] 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

Maximizing Cash Flow in My Laundromat Business

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