Laundry Money Podcast Show Notes

#7: Recap – Why Should I Start a Laundromat Business?

Written by Laundry Money Podcast | Jun 26, 2020 4:51:29 PM

  • Intro
  • [0:30] Laundry Money
  • [0:39] Max Branstetter, Hippo Direct, Wild Business Growth Podcast
  • [0:44] Howard Shear, Rex Anderson, Lakeside Laundry Equipment
  • Recap – Why Should I Start a Laundromat Business?
  • [1:41] #1: Why Should I Start a Laundromat Business?
  • [2:09] Net Worth
  • [2:24] #2: How Do I Start a Laundromat Business?
  • [2:52] Demographics, Traffic patterns
  • [3:09] Grocery Store, Dollar Store
  • [3:27] #3: How Profitable Could a Laundromat Business Be?
  • [3:58] Depreciate
  • [4:07] Cash Flow
  • [4:11] Revenue
  • [4:42] Profit
  • [4:50] #4: How Expensive Is Starting a Laundromat Business? 
  • [5:14] Financing
  • [5:51] #5: Laundromat Business Costs Beyond Washers and Dryers
  • [6:12] Howard’s new car analogy
  • [6:31] ESD POS System (Point of Sale), Drop-off laundry, ESD Credit Card System
  • [6:58] Reading Center
  • [7:55] #6: Maximizing Cash Flow in My Laundromat Business
  • [8:01] Advertise
  • [8:11] Mailers, Yelp, Smartphone, AdWords, Radio promotions, Banners, Grand Opening, Grand Reopening, Hot Dog Cookouts
  • [9:25] Profitability
  • [9:32] What’s to come in future seasons of Laundry Money?
  • [10:04] Preventive Maintenance
  • Outro
  • [10:26] 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