The Trick to Owning a Laundromat Over an Hour Away with Ryan Shoemaker

Ryan Shoemaker is a new laundromat owner. He joins us today to share his story of how he got into the laundromat business, what he has learned since owning a laundromat, and how he is operating his laundromat from over an hour away!

Ryan and his wife are entrepreneurs at heart and have brought that spirit into their laundromat. Their experience in owning and running businesses has allowed them to develop systems and processes to manage their laundromat business mostly remotely.

Ryan offers a ton of tips and insights on how exactly he's running his business remotely. Jordan and Ryan also discuss:

0:00 Intro to the episode.
3:48 How did you get into the industry?
8:07 How did the laundromats come into the picture?
15:07 The value-add component of the business.
18:39 How to negotiate vendor take back seller financing.
25:07 Taking over the laundromat.
29:46 Magnetic locks and automatic doors.
32:29 Hurdles with homeless campers.
39:46 How often are you going to collect coins?
48:02 Looking at other laundromats.
51:21 Re-Investing in the business.
56:06 Running a laundromat on a budget.
1:02:57 What does it cost to do laundry in London, Canada?
1:07:30 Hurdles and how Ryan is overcoming them.
1:13:46 Recommended resources for entrepreneurs.
1:20:51 How to get in contact with Ryan.

Show Notes
https://laundromatresource.com/show111

Show Sponsors

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https://atmosphere.tv/partner/laundromat-resource

Resources

Laundromat Millionaire Book- https://amzn.to/3lZlDUX
Laundromat Owners Facebook Group- https://www.facebook.com/groups/laundromatowners
Joe Dan Reed's YouTube Channel @joedanreed
Following Keenan YouTube Channel @FollowingKeenan

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/
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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

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