Want to create an interactive transcript for this episode?
Podcast: Financially Intentional
Episode: Lessons to Getting to a Profitable Laundromat Business - Episode 89 (Classic Episode)
Description: Send us Fan MailWe are joined by Jordan Berry, a laundromat business owner with nearly a decade of experience in the industry. Jordan shares his journey from being a pastor to venturing into the laundromat business. He shares his initial challenges with the first laundromat acquisition, including buying a fixer-upper that didn't meet the promised numbers. Jordan also talks about the importance of due diligence when acquiring laundromats, as they often have cash-based income, making valuation and verification critical. And while laundromats can relatively become passive, there are still responsibilities and problem-solving involved. Jordan highlights the...