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Book details
  • SubGenre:New Business Enterprises
  • Language:English
  • Duration:11 Hours 48 Minutes
  • Audiobook ISBN:9781667896069

The Laundromat

An American Dream Business and an Entrepreneur's Playground

by Chuck Post

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"The Laundromat: Your Path to Financial Freedom. Discover the American Dream business that offers rewards for every investor, regardless of background. Whether you're a blue-collar worker or an attorney, the self-service laundry industry has a place for you. With a 15%-25% return on investment, owning a laundromat can provide a steady source of passive income. But for those who want to maximize the benefits, the laundromat offers a challenging opportunity with rich rewards.
"The Laundromat: Your Ultimate Guide to Successful Investing. Discover why the self-service laundry industry is the best example of an American Dream Business. From finding a laundromat to acquire, financing options, and conducting due diligence, all your questions will be answered. Learn how to maximize profits and run a successful laundry business. With high returns and low operating costs, laundromats are an easy and safe investment. But success is determined by your understanding of the timeline business and how you handle it. Don't fall into the trap of running your business too passively and leaving money on the table. In this book, we discuss successful laundry operations, strategies to advance your business, and important timelines to consider before acquiring a laundry. But beware, laundry ownership can turn into a miserable experience if you're not prepared. Before investing your money, assess your commitment and understand the hazards. Start your path to successful investing with The Laundromat."
About the author
Chuck Post started in the self-service laundry business in 1985 following a twelve-year career in the bicycle business. Previously, Chuck was the head of marketing and sales for Gitane Bicycles, USA, a Renault Automobile subsidiary and later joined in partnership with Lotus Bicycles, an independent designer and bicycle importer. Given the direction that the bike industry had taken Chuck began looking for a business where he could make a difference. When the opportunity came for Chuck to represent the Maytag brand of commercial laundry equipment to users in Northern California, consisting primarily of coin laundromats, he researched the opportunity by visiting dozens of laundries. Most were poorly operated. These businesses ranged from being void of care or character to downright disgusting. He felt that the laundries were under-servicing the market, and worse, not making the income that they should. There was just so much room for improvement. Chuck believed that he had just discovered an industry where he could contribute and make a difference. That was exciting enough to keep his attention for the past 38 years. In this time servicing the needs of laundromat investors he has been a broker, a general contractor, owned a distributorship and now works nationwide with individual entrepreneurial laundromat investors and providing an array of services to new and progressive thinking laundromat owners. During his thirty-eight years, Chuck has built more than 40 new laundries and has brokered and/or retooled hundreds of existing laundries, laundries that came in all kinds of conditions. Today, Chuck focuses on consulting with laundry buyers and owners through PBI Laundry Consulting Inc., which also offers the premier due diligence system and Buyers "Do It Yourself kit" and offers many other buying and operational services. Chuck, along with his partner, Chris Mason, and their team focus on guidance, the due diligence process, along with the model, the lease and then aiding investors in correcting these primary elements of their investment. Additionally, Chuck does Expert Witness work when business deals break down. "Examining facts of a deal gone wrong and analyzing past data with sometimes only minimal documentation has taught me more than any one other aspect of this business that I have undertaken. "