Jason Dodge, author of How to Find, Evaluate, and Buy a Laundromat, joins me on the podcast today to tell his incredible story of how he got into the industry and what his experience has been like so far.
His journey into the laundromat business begins with him on unemployment, leads to him writing a book out of desperation to help his laundromat survive a new competitor, and takes us up to now, where he’s doing one of the exact things he advises NOT to do in his book!
You’re going to love his story, get a lot of wisdom from his experience in the laundromat industry, and you’ll love him as a person, too!
In today’s episode, Jason and I talk about:
- Buying a laundromat while on unemployment
- Creative financing techniques
- His experience opening his first laundromat
- What to do when new competitors invade your territory
- Creative promotional ideas
- Online advertising
- Building a laundromat from scratch
- His tattoo of his grandma
And so much more!
Check out what Jason posted behind him in the pictures below! Ha! The world may never know…
Listen To The Podcast Here
Watch The Podcast Here
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Links from the show
- How to Find, Evaluate, and Buy a Laundromat
- Rich Dad, Poor Dad
- The 7 Habits of Highly Effective People
- Sample Pro Formas
- Laundromat Investor Resources
- Join Laundromat Resource
- Laundromat Resource Forums
- Laundromat Resource Blog
- Be a guest on the podcast!
- Sell your laundromat
- Laundromat Resource Coaching
Connect with Jason
I’m married and I have two boys. I was in the car business for 10 years. My wife decided to scale back and work part time and go to college full time, all while we were raising our two young boys. Then, I and got fired. That’s how I got into the laundromat business. I have now been in the laundry business for 13 years. I am building my 3rd laundromat now.
I own a few residential rental properties. I just bought my first commercial building. I am building my newest laundromat in that building.
I wrote the book How To Find, Evaluate and Buy a Laundromat. This book began when I had a laundromat being built in my trade area and I started to outline how I was going to survive. That book somehow turned into a how-to book as I started adding analysis data. I looked at so many laundries for sale that I got good at analysis. I do suffer from analysis paralysis and quite honestly have struck out many times at putting deals together for multiple reasons.