433: Simple, Local Cash Flow: Are Laundromats the Ultimate Side Hustle?

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By Nick Loper and Nick Loper of Side Hustle Nation. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Are laundromats "the ultimate side hustle," like my guest Jordan Berry described?

These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show.

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Jordan is a former pastor turned laundromat mogul. Along the way, he's become an advocate for the industry through his website and podcast at LaundromatResource.com.

Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one.

It wasn’t just the income potential that intrigued Jordan. He wanted a business that would generate passive income -- and yield better returns than real estate.

Jordan has been able to achieve both of those things through buying laundromats.

Tune in to hear:

  • why a laundromat makes a great side hustle and investment vehicle
  • some of the expensive mistakes to avoid
  • where to look for financing and some creative marketing and monetization ideas

Here's a look at the 10 most compelling reasons why owning a laundromat is -- according to Jordan -- “the best investment you can make."

Full show notes

448 episodes