10 Reasons to Buy a Laundromat Business as Your Next Side Hustle (Greatest Hits)

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 3 July 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are laundromats "the ultimate side hustle," like my guest Jordan Berry described? These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Jordan is a former pastor turned laundromat mogul. Along the way, he's become an advocate for the industry through his website and podcast at LaundromatResource.com. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. It wasn’t just the income potential that intrigued Jordan. He wanted a business that would generate passive income -- and yield better returns than real estate. Jordan has been able to achieve both of those things through buying laundromats. Tune in to hear: why a laundromat makes a great side hustle and investment vehicle some of the expensive mistakes to avoid where to look for financing and some creative marketing and monetization ideas Full Show Notes: 10 Reasons to Buy a Laundromat Business as Your Next Side Hustle New to the Show? Get your personalized money-making playlist ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠! Sponsors: ⁠⁠⁠⁠⁠Mint Mobile⁠⁠⁠⁠⁠⁠⁠ — Cut your wireless bill to $15 a month! ⁠⁠⁠⁠⁠⁠⁠Indeed⁠⁠⁠⁠⁠⁠⁠ – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! ⁠⁠⁠⁠⁠⁠⁠OpenPhone⁠⁠⁠⁠⁠⁠⁠ — Get 20% off of your first 6 months! ⁠⁠⁠⁠⁠⁠⁠Shopify⁠⁠⁠⁠⁠⁠⁠ — Sign up for a $1 per month trial!

Transcript

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0:00.0	Here's one from the side hustle show, Greatest Hits Collection, plus, stick around at the end for the real-time check-in with Jordan to see how his business is doing four and a half years after this original recording.
0:11.5	What's up? What's up, Nick Loper here. Welcome to The Side Hustle Show, because if you mind the nickels and dimes, the dollars take care of themselves.
0:19.3	Hat tip to Ben Young for that one, an early mentor of mine
0:22.3	in my house painting days. This week's side hustle is about minding probably not the nickels
0:28.7	and dimes, but definitely the quarters and about how those can add up to some serious cash flow
0:34.1	in a laundromat. Owning a laundromat, I think, is one of these stereotypical
0:39.0	side hustles that have been around forever, and yet here we are in episode 433, and we haven't
0:45.6	talked about this yet. Simple, local, cash flowing business. I want to say this was one of the examples
0:50.5	in the rich dad poor dad cash flow board game where the object of the game is to
0:55.7	escape the rat race by buying or building cash flowing assets. Isn't that the game? We're all
1:00.8	playing financial independence, right? In any case, laundromat's definitely an interesting way
1:05.4	to help you get there when side hustle show listener Jordan Barry reached out about his
1:10.6	experience in the laundromat
1:12.0	business. I was excited to learn more and share it with you. Stick around in this one to hear
1:16.2	why a laundromat makes a great side hustle and investment vehicle, some expensive mistakes to
1:21.7	avoid, where to look for financing help and some creative marketing and monetization ideas
1:27.0	to really accelerate your ROI and build
1:30.1	equity at the same time. Notes and links for this episode are at side hustle nation.com
1:34.5	slash laundry and you can find Jordan at laundromat resource.com. Jordan is a former pastor
1:41.6	now turned multi-laundermat owner, But what made him think this was a great idea?
1:46.3	Ready?
1:46.8	Let's do it.
	...

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