Description

How can investing in a laundromat not only provide financial freedom but also make a significant impact on local communities?

In this episode of the Real Returns podcast, Jordan Berry shares his remarkable journey from being a pastor to becoming a laundromat owner and industry expert. Despite initial struggles and financial losses, Jordan persevered and transformed his business, learning valuable lessons along the way. He discusses the importance of laundromats in communities, especially in lower-income areas, and how providing clean, safe, and well-maintained facilities can instill a sense of worth and value. Jordan also shares his passion for educating others about the laundromat industry, helping aspiring entrepreneurs achieve financial freedom while making a positive impact on the communities they serve.

[00:01 - 05:33] The Unexpected Journey

• Jordan Berry’s transition from being a pastor to a laundromat owner
• The initial struggles and financial losses encountered
• The concept of a "zombie mat" and the importance of reputation in business

[05:34 - 10:16] Navigating Through Business Challenges

• Learning from mistakes and the importance of community reputation
• Strategies for business recovery and the slow path to success
• The role of persistence and consistent quality in rebuilding the business

[10:17 - 15:27] Community Impact: Beyond Just Doing Business

• How laundromats can significantly affect local communities
• The shift in laundromat industry perceptions and practices
• The importance of investing in quality and safety to create value

[15:28 - 21:43] Financial Freedom and the Laundromat Business Model

• Comparing cash flow in laundromat investments versus other real estate ventures
• The potential for financial freedom through laundromat ownership
• The importance of buying and operating laundromats the right way

[21:43 - 27:01] Future Horizons: Expanding Impact and Vision

• Jordan Berry’s vision for acquiring hundreds of laundromats
• The creation of a fund for large-scale laundromat acquisition
• The ongoing mission to educate and support aspiring entrepreneurs

Connect with Jordan!

http://laundromatresource.com/

Key Quotes:

"Laundromats are one of the few places remaining where communities still gather." - Jordan Berry

"If you build [your business], they will come... but it’s the reputation that makes them stay." – Jordan Berry

Visit our website https://www.birgo.com/to learn more about High-Quality Recession Resistant Assets for the Everyday Investor

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