99. How to Scale Your Laundromat Empire to 10+ Laundromats (Plus How to Invest Passively in Laundromats) with Ross Dodds
- Author
- Jordan Berry, Ross Dodds
- Published
- Fri 22 Jul 2022
- Episode Link
- https://laundromatresource.com/show99
Ross Dodds has made a huge name for himself in this industry. He has scaled his laundromat empire to 13 laundromats and counting AND owns a large pick-up and delivery business in the Los Angeles area. And Ross has some things to share with you about how he did it!
In today's show, we dive deep into what it takes to scale your business from one or two laundromats into 10+. In order to scale, you have to scale your systems, processes, employment staff, and your own personal skill set. Ross shares in detail what all of that has looked like for him and how you can do it, too.
Ross also does a deep dive into one of his deals and shares the numbers on what it took to buy the deal and how much money it took to turn the laundromat into a Luxe Laundry. You don't want to miss this deal deep dive!
In today's show, Ross and Jordan discuss:
- How Ross finds deals
- How to scale your laundromat empire
- How to know when to hire new members
- Where to get mentorship
- What systems you need in place to scale
- The importance of a good lease
- Where to find managers for your empire
- How to hire and train new staff
- How to manage a large pick-up and delivery business
- Why Ross is the price leader in his markets
- Investing in laundromats passively with Diligence Capital Investments
- Deal deep dive- we go through an actual deal
- How to navigate unexpected costs
- How to become the go-to person on deals
And, seriously, SO much more!
Show Sponsors
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https://atmosphere.tv/partner/laundromat-resource
Resources
Diligence Capital Investments
Laundromat Owners Facebook Group
Ross's First Interview on the Podcast
Michael Ambrose Interview on the Podcast
American Express Credit Card
Luxe Laundries
Wash Club Trak
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