The Human Laundromat Encyclopedia is BACK with Andrew Cunningham
Andrew Cunningham, the human laundromat encyclopedia is back on the show to drop some laundromat knowledge again! Andrew has been in the laundromat industry for over 40 years, but also prides himself on staying up on current times and trends.
I'm privileged to pick his brain on your behalf and we cover a LOT of ground in this interview. We start off with some priceless advice for first-time laundromat buyers. The information and advice Andrew shares for the newbies will save you literally thousands of dollars.
We then transition into talking about advice for current owners and cover a ton of ground that will help you improve your operations, stay up on the changing landscape of the industry, and ultimately, increase your bottom line.
Here's an overview of what we cover:
00:00 - Intro to the show.
1:25 - The importance of continual learning
10:18 - The importance of networking with other sellers.
17:44 - How to find the right brokers.
23:27 - How much does it cost to run a business?
28:36 - The importance of having a good valuation.
33:40 - The value of having a broker on your side.
41:15 - The positive side of rising costs.
45:26 - Fixed costs vs variable costs.
49:59 - Looking at the efficiency of a laundromat.
53:56 - Do you recommend installing a card system for laundromats?
59:14 - Do your homework as an owner.
1:03:30 - Check out your competitors through different lenses.
1:07:46 - Laundromats poised for a big boom.
And a whole lot more!
Show Notes
https://laundromatresource.com/show110
Show Sponsors
AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
https://atmosphere.tv/partner/laundromat-resource
Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!
https://laundromatresource.com/getonline
Resources
Card System Comparison- Coming Soon! Be sure to get on our email list if you're not yet to be notified when it is published!
Get Connected
Join Laundromat Resource- https://laundromatresource.com/join
Laundromat Resource Coaching- https://laundromatresource.com/coaching
Laundromat Resource Courses- https://laundromatresource.com/laundromat-courses
Laundromat Resource Forums- https://laundromatresource.com/forums
Diligence Capital Investments- https://diligencecapitalinvestments.com
Laundromat Resource Events- https://laundromatresource.com/events
Laundromat Investor Resources- https://laundromatresource.com/resources
Laundromat Resource Blog- https://laundromatresource.com/blog
Be a guest on the podcast!- https://laundromatresource.com/podcastguest
Laundromat Marketplace- Buy and Sell Laundromats for Free- https://laundromatmarketplace.com
Social Media
Instagram- https://www.instagram.com/laundromatresource/
Faceboook- https://www.facebook.com/TheLaundromatResource
LinkedIn- https://www.linkedin.com/company/laundromat-resource
Twitter- https://twitter.com/LaundryResource
TikTok- https://www.tiktok.com/@laundromatresource
AtmosphereTV: https://atmosphere.tv/partner/laundromat-resource
Youtube playlist links
Podcast:
https://www.youtube.com/playlist?list=PLR1wdJneFmrNn5PJiM-oOSvNQ4AU2g2XK
Business Mastery:
https://www.youtube.com/playlist?list=PLR1wdJneFmrMQ32HHIme1dqYcbohmciyq
Secret Sauce:
https://www.youtube.com/playlist?list=PLR1wdJneFmrN_xCpJPdb6riqg9XHQNa6Z
Pro Tips:
https://www.youtube.com/playlist?list=PLR1wdJneFmrPPqkIVeSodNBP1n_xL6h_u
Recommended Resources: https://www.youtube.com/playlist?list=PLR1wdJneFmrN-Ym16AnRKEsAammnPp6d2
* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!
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