Millionaire University Podcast

ONE Laundromat Can Average $15k/Month (Scale to 10+ Locations!) (Part 1/2)

Episode
Episode 925
Published
Length
31 min
Cover art for ONE Laundromat Can Average $15k/Month (Scale to 10+ Locations!) (Part 1/2)

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Show notes

What if the most boring business you can think of could buy you a house across the street from the beach in Hawaii? In this first part of a two-part episode, Jordan Berry of Laundromat Resource joins us to share how he went from struggling pastor to laundromat owner — including the costly mistakes he made along the way — and breaks down everything you need to know about getting into the laundromat business. From the earning potential of a single location ($5K–$15K/month on average) to the exploding world of wash-and-fold and pickup/delivery services, Jordan unpacks why laundromats are having a moment and how even beginners can get started with surprisingly low startup costs!

What we discuss with Jordan:

+ Why buy a laundromat?

+ Earning potential: $5K–$15K/month

+ Self-serve vs. wash-and-fold models

+ Targeting the right demographics

+ Adding pickup & delivery services

+ Pricing: per bag vs. per pound

+ Bootstrap startup for a few hundred dollars

+ Turning laundry into a subscription model

+ Serving businesses, not just households

+ Jordan's journey from pastor to Hawaii beach house

Thank you, Jordan!

Check out Part 2 of this episode.

Check out Laundromat Resource.

Watch the video podcast of this episode!

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