- Intro
- [0:30] Laundry Money
- [0:40] Max Branstetter, Hippo Direct, Wild Business Growth Podcast
- [0:42] Howard Shear, Rex Anderson, Lakeside Laundry Equipment
- Why Should I Start a Laundromat Business?
- [1:33] Rex’s background as the Controller
- [1:49] Howard’s background as the Owner
- [2:20] When did you realize owning a laundromat could be a good business opportunity?
- [3:19] When did you realize how profitable it could be?
- [3:54] ROI (Return on Investment), IRR (Internal Rate of Return)
- [4:08] 80/20 Rule
- [5:05] What is important to know about starting a laundromat business?
- [6:01] Demographic studies, High Renter Rate, Traffic studies
- [6:28] “If you build it, they will come”
- [6:54] What do Howard and Rex know best about investing in laundromats?
- [7:08] Mojo baby
- [7:18] Nest egg
- [7:59] Gross income
- [10:00] What are Howard and Rex looking forward to discussing on this podcast?
- Outro
- [11:02] Bring your laundromat business to life by visiting LakesideLaundry.com/Podcast and filling out the form
- Theme Song: Rock Your Life – Abydos Music – provided by Jamendo
- The numbers discussed in this podcast are based upon estimates and may vary from location to location. Past performances are no guarantee on future estimates, but are used as a guideline