5 • 683 Ratings
🗓️ 16 June 2025
⏱️ 42 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | You are in laundromats, so that's a super niche industry. |
0:04.8 | So tell us how many mats do you own, what's the revenue look like, and then we'll break it down |
0:10.1 | into how you got into the asset class in general, and then how you scale it, because it's |
0:14.3 | two different types of monsters that we need to tackle. |
0:17.2 | Absolutely. |
0:18.0 | Our third generation laundromat owner was given an opportunity and grab that opportunity by the cahoonas, if you will, and have squeezed the life out of the lemon and continue to do. |
0:29.6 | And now I'm able to help others. |
0:30.8 | But I own 38 laundromats today. In our family, we have close to 90 laundromats with the different entities. |
0:37.6 | Me and my brother owned the largest of those, which has 38 units. |
0:41.7 | We did five this past year, and five's been our average over the last decade. |
0:45.9 | We did sell some to family members, so I built out about 50 over the last decade myself. |
0:51.7 | So general contractor, we do the contracting of these of these builds. |
0:56.5 | We DIY pretty much everything. As far as revenue, the laundromat industry averages each unit. |
1:03.6 | The 30,000 across America average about $140,000 in revenue and next to nothing in profit. |
1:10.3 | But that's because they haven't, |
1:12.3 | they're zombie mats. So they haven't properly prioritized their customers. They haven't |
1:16.9 | properly equipped their facilities. So what we did is we made this our full-time thing. |
1:21.7 | Most people own some real estate or are a lawyer that has one laundry on the side and they just |
1:26.6 | collect the cash, they never report |
1:28.1 | things. |
1:28.5 | We do the exact opposite. |
1:30.6 | To the tune of even we created a software company and created a RFID-based payment system |
... |
Transcript will be available on the free plan in 13 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Brian Luebben, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian Luebben and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.