Choosing Laundromats over Real Estate
Dec 16, 2021•51 min
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Episode description
Geoff Oliver bought 2 laundromats in rural Texas. He shares his numbers & what to consider when acquiring a laundromat.
Themes from Geoff's interview:
- How working as an SBA lender lit a fire for acquisitions
- Looking for a real estate investment and finding a great business instead
- What makes laundromats competitive
- Self service vs. full serve
- Why quality of laundromat equipment can matter more than earnings
- Understanding your customers’ preferences before making changes
- The growth potential of asset-heavy businesses
- The appeal of “zombiemats”
- How to hire a manager for your laundromat
Reach Geoff at:
- @GeoffOliverATX on Twitter
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