@@LaundromatResource On another video (for reference it's the video where you said it's DUMB to buy real estate for cashflow) you listed "net" cashflow as being calculated before the loan cost. I assume your comment about 3.5x - 5x "net income" to be calculated without leverage correct?
Jesus Jordan. You only stop talking to draw breath! You failed to understand (because you didn't mention it) that the 4th reason, and probably the 1st reason is that of competition. My experience owning laundromats is that with respect to my 2 sites which are 30 miles apart is that we had 3 new laundries open up within 130 feet of us in each location. Total madness. Those opening the competition see a good business... mine and then think they can do the same but don't understand they are diluting the available customer base and then they discount to the point no-one is making any money. You MUST find a location that NO-ONE can open up next to.
great video👍
Thank you for sharing this information...just WOW. THANK YOU!
You are so welcome!
Always great information.
Great video! Thank you for sharing your expertise.
No problem! Thanks for the feedback!
Great video Jordan!
Thanks for the great video. In over jn Australia and I'm learning all I can to get started into owning a future chain of laundromats
Connect up with Jono Santamaria! He's doing awesome in Australia!
Keep theft from happening
Great video
good stuff
What is your average price a laundromats should be?
3.5-5 times the net income
@@LaundromatResource On another video (for reference it's the video where you said it's DUMB to buy real estate for cashflow) you listed "net" cashflow as being calculated before the loan cost. I assume your comment about 3.5x - 5x "net income" to be calculated without leverage correct?
Correct, 3.5-5x before leverage
One shared said in the 2 million bracket
@@LaundromatResourcehow the hell do you call your net income pre debt payments? 😅 absurd
Jesus Jordan. You only stop talking to draw breath!
You failed to understand (because you didn't mention it) that the 4th reason, and probably the 1st reason is that of competition.
My experience owning laundromats is that with respect to my 2 sites which are 30 miles apart is that we had 3 new laundries open up within 130 feet of us in each location.
Total madness.
Those opening the competition see a good business... mine and then think they can do the same but don't understand they are diluting the available customer base and then they discount to the point no-one is making any money.
You MUST find a location that NO-ONE can open up next to.
You are so right.