The Human Laundromat Encyclopedia is BACK with Andrew Cunningham

Andrew Cunningham, the human laundromat encyclopedia is back on the show to drop some laundromat knowledge again! Andrew has been in the laundromat industry for over 40 years, but also prides himself on staying up on current times and trends.

I'm privileged to pick his brain on your behalf and we cover a LOT of ground in this interview. We start off with some priceless advice for first-time laundromat buyers. The information and advice Andrew shares for the newbies will save you literally thousands of dollars.

We then transition into talking about advice for current owners and cover a ton of ground that will help you improve your operations, stay up on the changing landscape of the industry, and ultimately, increase your bottom line.

Here's an overview of what we cover:

00:00 - Intro to the show.
1:25 - The importance of continual learning
10:18 - The importance of networking with other sellers.
17:44 - How to find the right brokers.
23:27 - How much does it cost to run a business?
28:36 - The importance of having a good valuation.
33:40 - The value of having a broker on your side.
41:15 - The positive side of rising costs.
45:26 - Fixed costs vs variable costs.
49:59 - Looking at the efficiency of a laundromat.
53:56 - Do you recommend installing a card system for laundromats?
59:14 - Do your homework as an owner.
1:03:30 - Check out your competitors through different lenses.
1:07:46 - Laundromats poised for a big boom.

And a whole lot more!

Show Notes
https://laundromatresource.com/show110

Show Sponsors

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Resources

Card System Comparison- Coming Soon! Be sure to get on our email list if you're not yet to be notified when it is published!

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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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