148. 2 BIG Ways to Make More Money With Your Laundromat (Part 2)

The Laundromat Resource Podcast

Welcome to another episode of the Laundromat Resource Podcast, where we provide valuable tips and strategies for laundromat owners and operators. In this episode, host Jordan Berry shares insights from a talk he recently gave in Spokane, Washington, focusing on two crucial aspects of laundromat management: increasing your laundromat's value and scaling your business portfolio.
Jordan delves into the importance of preparing your laundromat for a successful sale way before you even consider putting it on the market. He emphasizes the need for strategic planning and proactive measures to optimize your laundromat's value, covering topics such as maximizing net income, understanding the significance of financing, leveraging technology, and building a strong team.
Jordan explores the concept of scaling your laundromat business and shares his thoughts on the different roles and skill sets needed to effectively scale from owning a few laundromats to managing a larger portfolio. He stresses the importance of forward-thinking and strategic planning, urging listeners to plant the seeds for long-term success and value optimization.
If you're looking to make more money with your laundromat or aspiring to scale your business portfolio, this episode is a goldmine of actionable strategies and insights. So get ready to take some notes and join us as we dive into the world of maximizing laundromat success.
In this episode, Jordan discusses:
00:00 Plan for selling laundromat, increase net income.
04:56 Understanding laundry costs leads to strategic pricing.
07:17 Opinions on posting updates about price changes.
11:47 Maximize laundromat value by optimizing income, cutting expenses.
14:56 Maintain clean books for financing laundromats.
18:27 Embrace technology, online presence, clear business plan.
21:34 CEO hires regional managers, scales business operations.
24:58 Owning multiple laundromats requires CEO-type skills.
26:05 Plan now for maximum laundromat value.
Show Notes-
https://laundromatresource.com/show148

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