The Koerner Office33m41.8K views

The Boring $85K/Month Business That Almost Never Fails

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Synopsis

Guest Tyler Purcell, co-founder of Laundry Spot, walks through a Hamilton, Ohio flagship laundromat doing $1M+/year (~$85K/month). They run 130-pound commercial washers, a proprietary detergent system, and remote management software; the episode covers startup costs, financing, ~36 franchise territories sold, and why buying an old 'passive' laundromat often turns into a low-paying job.

Ideas in this episode

  • Proprietary detergent / laundry vending

    Tyler Purcell describes Laundry Spot's flagship laundromat doing $1M+/year, about $85K/month, with 130-pound washers, proprietary detergent, remote software, and around 36 franchise territories sold.