Welcome back to Laundromat Resource, where we unlock the ins and outs of building cash flow and creating community through laundromat ownership. In today’s episode, host Brien Gearin sits down with laundromat expert and industry insider Jordan Berry to demystify how everyday investors can buy their first laundromat, maximize their returns, and avoid some of the major mistakes that trip up newcomers.
Jordan Berry shares how he went from a 15-year career as a youth pastor to spearheading his own laundromat business after being inspired by a family friend who traded a high-stress tech job for the freedom and steady income of laundromat ownership. He breaks down everything from the typical monthly earnings of a laundromat, what to look for during due diligence, and how you can actually verify income in a cash-heavy industry, to strategies for scaling your laundry empire and even the impact you can make in your local community.
You’ll learn the crucial first steps to buying a laundromat, the risks and upsides of fixer-uppers versus turnkey operations, what kind of returns you can expect, and why this “boring business” is catching the attention of investors and private equity. Whether you’re curious about utility costs, new tech upgrades, or how to identify the diamonds in the rough that come with both real estate and business, this episode is packed with actionable advice and inspiration for anyone looking for financial freedom and a little more time on their hands. Let’s dive in!
🔗 Resources and Links:
- Laundromat Resource
- Jordan@laundromatresource.com
- Millionaire University
- YouTube: https://www.youtube.com/@millionaireuniversity_mu
- Brien Gearin: https://www.linkedin.com/in/brien-gearin/
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