Millionaires Explain How To REALLY Make Money With Laundromats

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Welcome to Hindsight — the show where we cut through the hype and get the truth from real business owners.

You’ve probably seen videos claiming you can make a fortune with laundromats. But how much money do laundromats really make? Are they truly passive income, or just another overhyped side hustle?

I quit my Wall Street job to own a laundromat, and in this episode I sit down with real laundromat owners at different stages of their journey to get answers:

Why they chose laundromats in the first place
How much revenue and profit laundromats actually generate
How long it takes to break even and scale up
The biggest mistakes new laundromat owners make
Whether laundromats are worth it in 2025

If you’re curious about passive income businesses, laundromat investing, or just want the unfiltered truth behind the “$1M laundromat” claims, this is for you.

Massive thanks to my roundtable of guests!
Erin and Jon Carpenter (Instagram: @erinv_carpenter)
Alex Jekowsky (www.trycents.com)
Lloyd Silver (www.sagelaundry.com)

👉 Subscribe for more episodes of Hindsight, where we look at the past of real business owners to help guide your future.

00:00 Welcome to Hindsight: Why laundromats?
00:50 WASH or TOSS? Owners react to controversial laundromat claims
03:03 Laundromat HORROR STORIES every owner faces
04:56 The BOARDROOM: Lessons learned the hard way
07:07 Talking numbers: How much do laundromats really make?
10:19 Meet the experts: Q&A on owning laundromats
27:25 One business, eight income streams (how to scale laundromats)
28:58 What's next?

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Hi... I'm Codie.

If we haven't met, I build and buy businesses and help you make money. I used to work on Wall Street and in Private Equity for too many years. Then I realized I'd rather YOU AND I own our businesses locally instead. So I built up Main Street Holding Company, Contrarian Thinking Capital & Co. Now, we own and grow dozens of businesses. My mission is to create 100,000 business owners and help 1 million of us build profitable businesses. I hope you’re one.

Here's what I know for sure... those who say it's impossible should get out of the way of those of you who are doing it!! ❤️

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All content on the Codie Sanchez YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. Copyright © Contrarian Thinking LLC 2025.