Choosing Laundromats over Real Estate
Geoff Oliver bought 2 laundromats in rural Texas. He shares his numbers & what to consider when acquiring a laundromat.
Themes from Geoff's interview:
How working as an SBA lender lit a fire for acquisitions
Looking for a real estate investment and finding a great business instead
What makes laundromats competitive
Self service vs. full serve
Why quality of laundromat equipment can matter more than earnings
Understanding your customers’ preferences before making changes
The growth potential of asset-heavy businesses
The appeal of “zombiemats”
How to hire a manager for your laundromat
Reach…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.