109. 2023 Predictions for Laundromat Owners with Marc Stern
- Author
- Jordan Berry, Marc Stern
- Published
- Tue 24 Jan 2023
- Episode Link
- https://laundromatresource.com/show109
2022 was a wild ride for the world in general, and for laundromat owners in particular! But at the beginning of 2022, Marc Stern from Eastern Funding came on the show and prepared us all for what was to come. He was spot on!
Marc joins us again today to look ahead at what we, as laundromat owners, can expect in 2023 and how we can best prepare ourselves to navigate our changing world. There's a lot going on right now and Marc's nationwide perspective gives us a view of our industry that can be hard to see when we're focused on running our businesses day-to-day.
This episode is packed with great insight and practical tips to help you navigate your year. Jordan and Marc discuss:
- A recap of 2022
- Laundromats as recession-proof businesses
- The 3 main costs of laundromats and how they are being affected
- Interest rates for 2023
- Trend on purchasing laundromats
- How to raise prices in your laundromat
- How big will the recession be
- Recession's effect on rents
- Is now a good time to get into the business?
- How successful laundromat owners are navigating the current climate
- Effect on wash and fold and laundry pick-up and delivery
- Lending options to utilize right now
- Where the opportunities are right now in the laundromat industry
And so much more!
Show Notes
https://laundromatresource.com/show109
Show Sponsors
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https://atmosphere.tv/partner/laundromat-resource
Resources
Eastern Funding
Marc's 2022 Predictions Podcast Episode
How to find a laundromat for sale [VIDEO]
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