Choosing Laundromats over Real Estate

Geoff Oliver bought 2 laundromats in rural Texas. He shares his numbers & what to consider when acquiring a laundromat. 

Themes from Geoff's interview:

• How working as an SBA lender lit a fire for acquisitions
• Looking for a real estate investment and finding a great business instead
• What makes laundromats competitive
• Self service vs. full serve
• Why quality of laundromat equipment can matter more than earnings
• Understanding your customers’ preferences before making changes
• The growth potential of asset-heavy businesses
• The appeal of “zombiemats”
• How to hire a manager for your laundromat

Reach Geoff at:

• @GeoffOliverATX on Twitter