How to Make $300k/Year from a Laundromat

Synopsis

Guest Tyler Purcell, the 'Laundry Guy', owns four Ohio laundromats running at about 40% profit margin while also running a wealth management firm. He covers industry economics, grand-opening strategy, payment and cash handling, security, marketing, customer spending patterns, location selection, and commercial versus residential laundry services.

Ideas in this episode

• Laundromat ownership business

  Koerner Office interviews Tyler 'The Laundry Guy' Purcell, who owns four Ohio laundromats at ~40% margins, on grand-opening strategy, payment/cash handling, security, marketing, customer spending patterns, location selection, and commercial-versus-residential mix.