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[FREE MINI-COURSE] How to Buy a Laundromat- 1 of 3: Finding a Good Deal
Рет қаралды 39,297
Күн бұрынBuying your first laundromat the right way is critical to accelerating your success and achieving your goals. Whether you're looking for some side income or a way out of your 9 to 5 job, there is no better way to attain the cash flow you need than owning laundromats.
This mini-course will help you get on your way to find the right deal for you (Part 1), show you how to analyze that deal (Part 2), and outline the steps you need to take to ensure you're getting all the information you need during due diligence to ensure your deal is the right one for you (Part 3).
This mini-course answers a lot of the questions I get on a weekly basis from consulting clients looking to buy their first laundromat, so I decided to create this free mini-course to help you get started on the right foot! After you've watched all 3 videos feel free to leave a comment below with any questions you have about how to buy your first laundromat. And check out the useful links below to help you take your next step on your journey toward financial freedom!
Watch the rest of the course:
Part 2- How to Analyze a Laundromat Deal- • [FREE MINI-COURSE] How...
Part 3- Laundromat Due Diligence- • [FREE MINI-COURSE] Lau...
For some further reading and research related to this lesson, check out these articles:
How much does a laundromat cost?- laundromatreso...
How much money can a laundromat make?- laundromatreso...
How to know if a laundromat is a good one.- laundromatreso...
The top 10 reasons people sell their laundromats.- laundromatreso...
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Join Laundromat Resource- laundromatreso...
Laundromat Resource Coaching- laundromatreso...
Laundromat Resource Events- laundromatreso...
Laundromat Investor Resources- laundromatreso...
Laundromat Resource Forums- laundromatreso...
Laundromat Resource Blog- laundromatreso...
Diligence Capital Investments- diligencecapit...
KZfaq playlist links
Podcast:
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Laundromat Business Mastery:
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Secret Sauce:
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Pro Tips:
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Recommended Resources: • Podcast Guest Recommen...
* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!
@manasavelpula14 2 жыл бұрын
Thank you so much for all the valuable information in the 3 videos. I am in the journey to buying a Small business for the first time, and Laundromat is one of my options that i am perusing. Appreciate your information.
@aprilzeng7210 Ай бұрын
Did you end up buying one? :)
@gammie1017 2 жыл бұрын
I am loving this information. Thanks so much.
@rhondaprice4805 Жыл бұрын
I'm new to your channel. Planning to buy my first Laundromat and become a small business owner.
@LaundromatResource Жыл бұрын
Awesome! Let me know if there's anything I can do to help!
@aprilzeng7210 Ай бұрын
Did you end up buying one? :)
@chrisanders6018 4 ай бұрын
Very thorough explanation and informative thank you
@RobertMoscicki 2 жыл бұрын
Great Video ! Keep posting more please !
@LaundromatResource 2 жыл бұрын
Thank you! Will do!
@rhondaprice4805 Жыл бұрын
Thank you so much for the videos.
@blucrew8480 2 жыл бұрын
Hi Jordan, just started listening to your channel. Love it. I am a newbie and am interested in buying a laundromat in my local area. Would like to hook up to see if your consultant services will work for me. Let me know how I can engage your company.
@LaundromatResource 2 жыл бұрын
Awesome. There’s a lot of really good stuff in those podcasts. You can learn more about the consulting at laundromatresource.com/coaching Looking forward to connecting with you!
@blucrew8480 2 жыл бұрын
@@LaundromatResource Thanks Jordan.. FYI part 2 is private.
@Trayman5000 Жыл бұрын
What kind of CoC return is considered a good deal?
@rogerace4707 2 жыл бұрын
How do I figure out the value of a laundromat that has the real estate included? I don't know how to compare the ROI with the lease laundromats.
@LaundromatResource 2 жыл бұрын
You would value the laundromat and the real estate separately. For the real estate, the value will be based on the income. If you're buying a laundromat & real estate and there is no lease in place between the real estate and the laundromat, it is better for you to assume a low rent and base your valuation on that rent. If you're selling, it's better to have a higher rent amount.
@rogerace4707 2 жыл бұрын
@@LaundromatResource Thanks for the information. I am looking to buy. I was thinking along the same lines. I was going to take the estimated lease amount I would be paying and deduct that from the cash flow. But then I need to consider the property value. That was my thoughts. The bottom line to me is I have something in the end not just a load of money spent on a lease as far as that part goes. The next issue is the owner has been pocketing the cash. Last year it showed a loss the realtor said. Today I'm promised the P&L. Really.....its been on the market since May and they are just producing the P&L. I appreciate the other information I've learned so far as well and it sure looks like I'll need it here.
@LaundromatResource 2 жыл бұрын
@@rogerace4707 sadly not knowing exactly how much money is coming in is pretty common. Good due diligence will help you narrow down the actual numbers but it’s easier said than done sometimes
@georgesabdo1434 2 жыл бұрын
Hi , started looking into a Landromat locally , good location , been open 2 years now, all new equipment, huebsh machines , coins and app driven, 3300 sqf store, very clean , shopping center, owner want to retire, store rev is 364k and 220k in profit , he is asking 1.2 mill , what is the best way to find out what the store should cost? i think 1.2 mill is too much , maybe 880k since it is 4-5 times the net revenue right? he has 3 employees in there and he is avg 8 turns per machine , frying is free.
@LaundromatResource 2 жыл бұрын
That laundromat is probably in the 5+ multiple range so they're probably not too far off in their valuation. New equipment, big profits, and 8 turns is going to command a premium
@Anxietyspirits 2 жыл бұрын
Hi jordan! Great video! Do you have contacts For Investors? Is that in your Course?
@LaundromatResource 2 жыл бұрын
I don’t keep a list but try going to real estate investing meetups and letting people know you’re going to be investing in laundromats. Ears might perk up hearing that!
@salaiu1 5 ай бұрын
Where do I find agent or broker I’m still new to this?
@thechamp9265 9 ай бұрын
Where do one go about finding laudromat lenders?
@pjuliano9000 Жыл бұрын
If this guy was smart ... He'd set up a syndicate and allow people to buy into a purchase ... Maybe with a 25k-50k .. they do this in real estate all the time
@LaundromatResource Жыл бұрын
I have a fund :) does that mean I’m smart? 😂 diligencecapitalinvestments.com
@DadBodRocks 7 ай бұрын
i just tried to get the e-book and it keeps logging me out and says that I dont have access
@LaundromatResource 7 ай бұрын
Email me at laundromatresource@gmail.com and I will email it to you today!
@dcfroml.a.869 Жыл бұрын
Tried to download the ebook on the website but it won't download. Just keeps refreshing to the same page and asks for captcha.
@LaundromatResource Жыл бұрын
Sorry about that. We will check it today and get back to you when we get it fixed!
@kevin73eb 11 ай бұрын
Hey I'm new to this I looked up what you said laundromats for sale near me came up with a franchise called wavemax is that something to look into
@LaundromatResource 11 ай бұрын
I’m personally not a huge fan of franchises in this industry but you can look into it. There are hefty up-front fees and ongoing fees as well for relatively little benefit in my opinion
@michaeldorsey8503 Жыл бұрын
Hi Jordan, I’m a newbie looking for my first laundromat which I think I might if found. It has older equipment and the building needs updating would love to pick at your brain
@LaundromatResource Жыл бұрын
Glad to answer any questions I can. If you need a more in-depth discussion you can always book a consulting call, too
@DadBodRocks 7 ай бұрын
dont brokers get a cut providing services
@k797979 2 жыл бұрын
Hi Jordan. Great content! I have been going through your channell-thx for posting. It is helpful. I am located in sacramento ca area. Could you connect me with a resourceful broker in the area?
@petertaavaomalii5219 Жыл бұрын
You need to work on your website, I am not gonna wait 1 hour, I've been trying for 1 week tryna get onto your website on my phone and not gonna spend another second trying to get that e book, I'm tryna get into this business...
@troymurray991 Жыл бұрын
Yes I won’t to no more
@dawson0610 Жыл бұрын
All the listing brokers that I have contacted either dont answer or never get back to me with more info. They suck. Going to have to just visit them all myself I guess.
@LaundromatResource Жыл бұрын
That’s pretty common unfortunately. Persistence in contacting them and taking matters into your own hands like you mentioned are what you have to do
@margaritadelosrios9248 Жыл бұрын
There’s way too much talking, lots of word fluff. 6 minutes into the talk then resources. 6 minutes really??
@SkyViewRealty-qt3ib 2 ай бұрын
Ty! I skipped to 6 minutes, lol
David C Barnett Small Business and Deal Making SMB
Рет қаралды 25 М.