103. Buying a Closed Laundromat an Hour and a Half Away with Lloyd Silver

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Diligence Capital Investments Deluxe Fund

Lloyd Silver is a marketing agency owner who took to the laundromat industry to forge a new direction. Lloyd found a closed-down laundromat that he ended up buying, retooling, and re-launching. He generously shares how he valued that laundromat, how he came up with his plan to re-launch it, and how it performed after he did. 

Lloyd also started a laundry pick-up and delivery business from scratch out of that laundromat. He shares the details of how he did that and what his plan is to expand the business into his second location.

And he did all of this living an hour and a half from his laundromat. Lloyd is very open and honest about his process and answers many of the questions I get often about buying zombiemats or closed laundromats, starting a pick-up and delivery from scratch, and owning remotely.

As if that wasn't enough, we dig deep into his marketing expertise and talk about how laundromat owners can leverage a marketing plan to accelerate their business growth.

In today's interview, Lloyd and Jordan discuss:

• Lloyd's background as a financial analyst and marketing agency owner
• How he found a laundromat to buy
• How he valued the closed laundromat
• How long it took to reach profitability
• How he funded the acquisition of the closed laundromat
• How he owns the laundromat an hour and a half from his home
• How he onboards new employees
• How he started laundry pick-up and delivery from scratch
• What he's doing differently the second time around on his second laundromat
• What marketing techniques are working for his laundry business
• Can you run your own ads or do you need an agency to run them for you?
• Lloyd's done-with-you marketing BootCamp for laundromat owners

And a lot more!

Show Notes
https://laundromatresource.com/show103

Show Sponsors

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Resources
Diligence Capital Investments Deluxe Fund
Lloyd's Marketing Course and BootCamp
How to Build Your Own Laundromat Website Course [FREE]


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