Laundromat Resource › Forums › Laundromats › Owning at a distance › Reply To: Owning at a distance
Hey Josh,My answer is multifaceted here do bare with me. Is it possible to own a successful mat far from your home? Yes it is, but it requires tremendous ground work and investment. Don’t fall for the notion of this being “passive” because it’s simply not in most cases. I’ve been in the business for 10 years and have built a rockstar team to the point where I could easily move out of state with no problems at all but I’ve got ten years experience and know the business well.
Cannot be done? Yes. Are the odds in your favor, no they are not.
A few questions byou should ask yourself…
Are you willing to spend a lot of time on the road and in your store for the first few years?
Are you willing to invest heavily in your team and management for that time to the point where you likely have little left over for yourself?
Are you willing to invest heavily in technology to assist you in this structure?
These are a few of the questions you should be asking yourself.
It’s not nearly as simply as buying a mat, hiring a few people and installing Laundry boss. I hope this helps. Best wishes!
