How to Get Started With Laundromats in 2024!

Рет қаралды 24,384

Күн бұрын

It has never been a better time to buy your first laundromat! With economic uncertainty, rising inflation, and wages that aren't keeping up, it's critical to own your own cash-flowing business to have the freedom you want in life!
It can be difficult and scary to know how to get started though, especially now. That's why I crafted this video especially to help you get started on your journey to financial freedom TODAY!
Whether your goal is to leave your 9-5 or to put your money to work earning for you, this video will give you step-by-step instructions on how to earn back your freedom!
0:00 - How to get started investing in laundromats.
2:34 - How to find laundromats for sale.
4:35 - How to value a laundromat?
6:40 - What is net operating income?
9:10 - How to calculate the value of the laundromat?
10:36 - The four pillars of due diligence.
12:51 - A quick snapshot of my story.
14:36 - The laundromat resource pro community.
Subscribe for more and see the links below to help you get started!
Take our free course on How to Buy Your First Laundromat-
www.laundromatresource.com/la...
Ready to get serious about buying a laundromat? Join the Pro Community-
laundromatresource.com/pro
Need one-on-one help with your laundromat purchase? Book a call with one of our qualified laundromat consultants. We have well over 100 5-star reviews!
laundromatresource.com/coaching

Пікірлер: 31

@EnTyceJackson 11 ай бұрын

Thank you for the video bro👌🏾

@LaundromatResource 11 ай бұрын

You bet!

@alextobar832 9 ай бұрын

Good information really helps 👍

@llllouis2666 Жыл бұрын

Thank you for this video! I have a meeting today with a seller and these points are much needed!! I can’t find them anywhere on YT! You got a new subscriber! Thanks and Keep it up!!

@LaundromatResource Жыл бұрын

Gifford luck today! That's exciting! If you remember, let us know how the meeting goes!

@Gordon.Collins 9 ай бұрын

How did the seller meeting God 4 months ago? Have you purchased a Laundromat or Business since your comment? Let's GROW 💪🏾

@janinafarr8569 3 ай бұрын

Your awesome. Can wait to learn more cause I’m definitely serious.

@nasirjamal5796 9 ай бұрын

Very informative video

@shanepatience9629 5 ай бұрын

Hi there, thanks for the infomative vids well worth subscribing 👍 My question is, is it worth starting a laundromat from scratch buying a property freehold and also buying all equipment ,selling house and risking entire life savings basically vs just buying a older business already running and paying the lease. Would like to see more videos on these types of scenarios. Thank you

@thomasfedel2063 3 ай бұрын

Great video, thanks for putting it together! How would you handle the lease expense portion of the multiple when it is a business+real estate purchase and not a lease?

@FrugalNation 9 ай бұрын

Awsome video. I started my channel under the same premise, to help others from falling where I did. But mine is for vending machines businesses. I'd love to get into laundromats but my passion is helping others get into business and becoming financially free.

@LaundromatResource 9 ай бұрын

Love that! We should talk vending machines sometime!

@StevenGraham-yq5hi 29 күн бұрын

Great video

@thursdaysproduction3290 6 ай бұрын

The background music is not needed for this kind of video.. n the level is a lil to high

@Laundromattips Ай бұрын

That really helpful

@LaundromatResource 28 күн бұрын

Glad it helped!

@mayp7672 20 күн бұрын

Hi, this is a great video! I am wondering if it there is profit if I buy a laundromat from a bank loan? I don’t have liquid capital/cash to start this dream

@user-xi9gg9ky7u Жыл бұрын

Hi there - A few beginner questions from me: 1) do most laundromats come with some sort of manager in place? 2) are there laundromat property management companies that will open and close your store for example and run it day to day?

@LaundromatResource Жыл бұрын

No, they don't typically come with management in place. It's a mom and pop business largely. There are some that have managers but most still don't. There are management companies, but not many. I know of one good one in So Cal if you happen to be here

@ajrockinshockin2893 8 ай бұрын

I really enjoyed your video.I'll subscribe.

@LaundromatResource 8 ай бұрын

Welcome aboard!

@phillipmontoya9415 11 ай бұрын

How much money should u save to invest in laundromat equipment and plumbers to help u install the new equipment?

@LaundromatResource 11 ай бұрын

It depends, if you are trying to purchase cash then between $150k-$600k+. But there are a lot of opportunities to leverage your equipment purchase

@gwendolynroberts2013 5 ай бұрын

Can you elaborate on leveraging?

@a.m.m.4592 Ай бұрын

Does this determined price include all machines/equipment/vending/ etc?

@LaundromatResource 26 күн бұрын

It does!

@elizabethcervantes3957 9 ай бұрын

Hello, Jordan! I need a question please! There’s a small laundromat for sale in a neighborhood area. It is not on a busy business road, but people pass by because it’s in the neighborhood itself. It hasn’t been opened in a long time, the machines even have spider web on them😅. Parking spot is for about 5 cars. It’s 2213 sq ft altogether, 1036sq ft (laundromat size), NOI $55,000 according to the listing agent. Real estate owned. Big question… Would you say it’s worth buying? I know I have to do my own due diligence, but just with these small details. What are your thoughts? It is listed at $100,000. Thank you in advance for your response!😁

@nickmatthis1120 Жыл бұрын

Is SDE the same as NOI?

@LaundromatResource Жыл бұрын

Similar, but not the same. NOI is the same as EBITDA, so it’s before loan payments, taxes, etc. SDE is more what you’ll actually pocket when you own the business.