How to Scale to 10+ Laundromats (Plus How to Invest Passively in Laundromats) w/ Ross Dodds

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 Notes
https://laundromatresource.com/show99

Show Sponsors

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

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Resources

Diligence Capital Investments- https://diligencecapitalinvestments.com
Laundromat Owners Facebook Group- https://www.facebook.com/groups/laundromatowners
Ross's First Interview on the Podcast- https://laundromatresource.com/show9
Michael Ambrose Interview on the Podcast- https://laundromatresource.com/show46
American Express Credit Card- https://americanexpress.com/en-us/referral/ROSSDKqKg?XLINK=MYCP
Luxe Laundries- https://luxelaundries.com/
Wash Club Trak- https://www.washclubtrak.com/

Get Connected

Join Laundromat Resource- https://laundromatresource.com/join
Laundromat Resource Coaching- https://laundromatresource.com/coaching
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​​

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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