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Laundromat Investing: The Truth About the 95% Success Rate w/ Ken Wimberly
Is the 95% laundromat success rate real? Ken Wimberly of Laundry Luv explains why laundromats aren't passive income and what the numbers really say.
Ken Wimberly is a former top Keller Williams commercial agent who got into laundromats while leasing out a shopping center in Abilene, Texas. He opened his first store right before COVID and now runs Laundry Luv, a franchise building large-format, staffed, full-service laundromats in B and C class shopping centers. Ken breaks down the most quoted stat in the industry, what it really costs to open a store, and the systems that took his company…
The skinny
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