How to Buy a Laundromat (and avoid pitfalls)

23/04/2025 13 min Temporada 1 Episodio 98
How to Buy a Laundromat (and avoid pitfalls)

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Episode Synopsis

James Monroe of Cape Fear Laundry shares his story about how he bought a laundromat and did not get taken.  Laundry Broker Andy Cunningham drops game-changing insights, arming you with the ultimate toolkit: from sizing up opportunities, conducting a multi-pronged competitive analysis, creating the optimal machine mix, scouting the perfect location, measuring capacity, and decoding financials—all while steering clear of costly pitfalls!James shares his secret to adding value, "Care to make more money"  Is that a question or an answer?Questions about buying or selling laundromats?  Ask Andy at https://www.laundromats-unfiltered.com/Curbside Laundries wash and fold POS business solution 0:10 Finding a Laundromat for Sale1:26 Due Diligence When Buying a Laundromat2:12 Andy Cunningham Laundromat Broker2:43 Transforming a ZombieMat3:39 Evaluating Laundromat Opportunities4:07 Getting into the Laundry Business5:06 Competitive Analysis5:37 Laundromat Location Analysis6:22 Laundromat Capacity7:04 Understanding the Laundromat's Financials8:00 Don't Get Fooled8:37 Prove it!9:40 Adding Value10:38 Care to Make More Money?11:42 Incremental Improvements12:36 Laundromat Revenue CentersClick here to see a demonstration of the Curbside Wash and Fold & Pickup and Delivery solution Follow Curbside Laundries on TwitterJoin the Laundromat Community on X