In this exciting episode of the Laundromat Resource Podcast, we dive into groundbreaking news with Sukanth Srivastav from Turns, who is back on the show with a major announcement. Host Jordan Berry sits down with Sukanth to discuss the recent acquisition of Turns by PayRange, a move that promises to shake up the laundromat industry in incredible ways. Join us as we explore how this collaboration is set to bring innovative technology, streamlined processes, and exciting opportunities for laundromat owners everywhere. With a vision to transform customer experiences and bolster business growth, Sukanth shares the implications and potential of this exciting merger.
Tune in to hear how this integration is about to change the game, providing operators with the tools to serve their communities better, impact lives positively, and enhance their business portfolios. Get ready for a conversation filled with insight, innovation, and inspiration as we witness an industry evolution firsthand.
In this episode, Jordan and Sukanth discuss:
00:00 Exciting Innovations in Laundromats
07:39 Laundromat Industry's Promising Future
14:08 Laundromats Offer Higher Returns
20:45 Industry Gold Rush: PayRange-Turns Merger
22:57 Optimizing Business for Resale Value
31:44 Laundromats Struggle with Card Payments
34:01 Coin vs. Card in Laundromats
41:52 Evolving Laundromat Expectations
46:36 Valuing Revenue Based on Services
49:51 "Choosing to Invest Over Build"
55:19 Maximizing Profits in Laundromats
01:03:27 Transformative Business Merger Benefits All
Show Notes
https://laundromatresource.com/show184
Resources
Website: https://turnsapp.com
Linkedin: /sukanth-srivastav
Email: sukanth@turnsapp.com
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