Welcome back to Laundromat Resource! In today's episode, we have an inspiring and insightful conversation with Nicholas Constantinou, a former full-time teacher who transitioned to owning and operating multiple laundromats. Join our host, Jordan Berry, as he delves into Nicholas's entrepreneurial journey from seizing opportunities during the pandemic to establishing a thriving business in Queens, New York.

Nicholas shares his innovative strategies, from starting a pickup and delivery service to balancing operations between two laundromats located just two miles apart. We discuss crucial lessons in managing customer satisfaction, pricing strategies, and the continuous need for learning and personal development. You'll hear about the challenges and rewards of being fully committed to the laundromat industry, the importance of treating employees with respect, and the profound realization that putting people first can lead to long-term business success.

Tune in to discover how Nicholas turned initial setbacks into opportunities for growth, the pivotal role of cleanliness in running a successful laundromat, and his unique approach to creating a welcoming customer experience. Plus, get valuable tips for aspiring and current laundromat owners alike. This episode is packed with actionable insights, from leveraging industry events for networking to the necessity of understanding your business numbers. Don't miss this remarkable story of resilience, innovation, and passion for the laundry industry!

In this episode, Jordan and Nicholas discuss:

00:00 Join our mastermind group, it's invaluable.
05:53 Transition from school to working in laundromat.
15:27 Invested in business, renovated, and saw success.
20:44 Renovated laundromat, underestimated time, cleared gang turf.
27:00 Learning from others' practices; business is personal.
32:55 Dave Menz praises great, customer-oriented employees.
34:23 Valuing, supporting employees is essential for business.
40:31 Set the standard, remove toxic employees.
47:49 Presence and trust created successful laundromat atmosphere.
51:19 Laundry environment with school theme and instruction.
56:07 Laundromat confronted with overwhelming delivery volume, expands successfully.
01:01:46 Adaptation and adjustments crucial for successful expansion.
01:07:59 Your people first, profit will follow.
01:11:45 Cleaners app offers transparent pricing and convenience.
01:18:10 Variation in pickup and delivery fees by market.
01:26:16 Increase prices, switch to card system, worthwhile.
01:28:11 Government-funded card system enhances laundry safety.
01:32:54 "Learn by doing, bring a guide. Yep."
01:40:58 Take action, learn by doing, share progress.

Show Notes

https://laundromatresource.com/show160

Resources

Email: mrcleanersnyc@gmail.com

Website: www.mrcleanersnyc.com

Social Media Links: mrcleanersnyc

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Welcome to another inspiring episode of the Laundromat Resource Podcast! I'm your host, Jordan Berry, and today we're thrilled to have Sukanth Srivastav, co-founder of Turns and a seasoned expert in the laundry business industry, joining us. In this episode titled "The American Dream is Not a Passive Dream," Sukanth shares invaluable insights into the path to success in the laundromat industry.

Together, we delve into the importance of creativity, passion, and dedication in building a thriving laundromat business. Sukanth offers candid critiques of industry gurus and emphasizes that genuine love for your business often leads to profitability. We explore the challenges of navigating conflicting advice, the significance of data-driven decision-making, and the transformative journey of personal and business growth.

Sukanth also uncovers the untapped potential within the industry, stressing the importance of working with the right people, utilizing modern technology, and the power of customer retention and reviews. From personal anecdotes to game-changing strategies, this episode is packed with actionable insights that reinforce the value of hard work and passion in achieving the American dream.

Stay tuned, as we also highlight upcoming events, including a Q&A with Sukanth and a Mastermind Induction Night, where laundromat owners can connect and support each other in their entrepreneurial journey. Let’s dive right in and uncover the secrets to success in the laundromat industry with Sukanth Srivastav!

In this episode, Sukanth and Jordan discuss:

00:00 June 25th q&a and June 26th Mastermind Induction.
08:05 Success isn't formulaic in the laundry business.
14:51 Guy hiding under paperwork, focused on profit.
21:23 Operators making more money but declining satisfaction.
23:00 Buying a house requires love and investment.
32:00 Optimizing online presence crucial for business success.
37:02 Extensive testing improved customer retention by 25%.
40:25 Requesting reviews boost business and confidence.
43:26 Laundromat industry entering data-centered era for optimization.
50:57 Focus on business base, delegate tasks, reach out.
55:45 Persistence and adaptability lead to success.
01:00:42 Competition in laundromat market, seize the opportunity.
01:04:59 In karate, coach's warning leads to improvement.
01:14:05 Value exists even in losses; focus on growth.
01:19:12 Encouraging others to incorporate excitement into work.
01:22:30 Love your business, take action, share insights.

Show Notes

https://laundromatresource.com/show159

Resources

Website: https://turnsapp.com

Linkedin: https://www.linkedin.com/in/sukanth-srivastav/

Email: sukanth@turnsapp.com

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok

Hey, what’s up, everyone? It's Jordan with the Laundromat Resource Podcast, and I'm thrilled to welcome you to episode 158! Today, I have something truly special in store – I’m giving away my free ebook as an audiobook. That’s right, in this unique and exciting episode, you'll get the complete audio version of "The Keys to Buying Your First Laundromat" absolutely free! Whether you're aiming for financial freedom, extra income, or just a profitable hobby, this comprehensive guide will teach you how to find, analyze, buy, and run your first laundromat.

But before we dive into the audiobook, I have today’s Fastlane tip for you: head over to laundromatresource.com to download a ton of free resources. And if you're ready to take it to the next level, consider joining our pro community for unlimited access to premium tools and templates.

So, without further ado, let's get started on your journey to financial freedom through laundromat ownership. Whether you’re tuning in on YouTube or your favorite podcast platform, sit back, relax, and enjoy the full audiobook! Let's do this!

In this ebook, Jordan discusses:

00:00 Promoting free resources with community and perks.
03:01 Why invest in a laundromat over others?
09:21 Use existing equity to fund new endeavors.
10:05 Private loan partnering in laundromat acquisition may involve equity split, debt access, or seller financing.
14:20 Due diligence: essential to determine laundromat value.
16:21 Laundromats need to cover high fixed expenses.
22:11 Increasing laundromat value through simple improvements and investments.
25:22 Steps to laundromat ownership: high returns, coaching available.
26:52 Take action for financial freedom through the ebook.

Show Notes

https://laundromatresource.com/show158

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

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok