$6,000+ per Month in Passive Income?! Buy, Evaluate, and Grow a Profitable Laundromat | Jordan Berry
Description
#683 Thinking about buying a laundromat? This episode will completely change the way you see this “boring” business — and show you why it might be one of the most powerful cash-flow plays in America! In this conversation, host Brien Gearin sits down with Jordan Berry, founder of Laundromat Resource, to break down exactly how to buy, evaluate, and grow a profitable laundromat. Jordan shares his personal journey from pastor to laundromat owner, the painful lessons he learned from buying a “zombie mat,” and the systems he’s built to help others avoid the same mistakes. You’ll learn the earning potential of laundromats, what to look for in a deal, how to verify income in a mostly cash business, where technology is taking the industry, and why this overlooked asset class is becoming a serious opportunity for everyday entrepreneurs. Whether you’re exploring your first acquisition or searching for passive income, this episode is a must-listen!
What we discuss with Jordan:
+ Jordan’s path from pastor to laundromat owner
+ Buying a “zombie mat” and early mistakes
+ Typical laundromat income + deal sizes
+ How to find off-market laundromat deals
+ Key due diligence steps to avoid bad buys
+ Cash-flow potential and common multiples
+ Benefits of owning the real estate too
+ Attended vs. unattended store models
+ Growth opportunities with subscriptions
+ Why private equity is circling the industry
Thank you, Jordan!
Check out Laundromat Resource.
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