Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
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Content provided by Nikolas Hulewsky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nikolas Hulewsky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Similar to Nikonomics - The Economics of Small Business
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Behind every successful business, thereâs a story you donât hearâthe sleepless nights, the moments of doubt, and the determination to keep going when everything feels impossible. Thatâs what Unbreakable Business is all about. Join host Akua Konadu each week as she sits down with entrepreneurs who share the raw, real side of their journeyâthe roadblocks they faced, the challenges they overcame, and the stories that donât make the highlight reel, but the the ones that matters the most. If youâ ...
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The Life of And podcast is for high-achieving women and working parents who are ready to stop living a life of âhave toâ and start designing a life they actually want. Itâs a space where we talk honestly about the things weâre often afraid to admit â even to ourselves. The exhaustion. The ambition. The loneliness. The joy. The tension of wanting more without losing yourself in the process. If youâre in the thick of it â feeling stretched, tired, hopeful, driven â this is your invitation to t ...
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180 - Can Laundromats Really Make You a Millionaire with Tyler Purcell
Manage episode 485786568 series 3591759
Content provided by Nikolas Hulewsky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nikolas Hulewsky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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Join me, Nik (https://x.com/CoFoundersNik), as I interview Tyler Purcell (https://x.com/TylerPurcell24). In this episode, I'm talking to Tyler who runs, what I think, is the quintessential small business: laundromats.
You've likely heard about this kind of sweaty business from people like Cody Sanchez, but Tyler gives us the inside scoop on why it's an essential service that's considered recession proof.
We dive into how his family got started in the laundry business, how they scaled their operation to multiple locations, and why they chose to build new stores from scratch rather than buying existing ones. Tyler reveals the surprising profit margins possible in the industry and explains their strategy of targeting areas with old, run-down "zombie mats". We also cover the specific demographics they look for when scouting a new location and their unique approach to marketing.
Enjoy the conversation!
Questions This Episode Answers:
How profitable can laundromats really be?
Why do you look for areas with "zombie mats" when finding a location?
What demographics are key when choosing a site for a new laundromat?
What's the secret sauce for attracting customers with grand openings?
How much does it cost to get a new laundromat up and running?
___________________________
Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or email me at [email protected] with your thoughts.
__________________________
MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribe
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
__________________________
This week we covered:
02:28 Getting into the Laundromat Business
06:56 Choosing Locations and Metrics
11:56 Industry Profit Margins
16:39 Buying a Laundromat: A Step-by-Step Guide
21:07 Financial Insights and Future Plans
22:06 Rapid Fire Questions
24:15 Final Thoughts and Contact Information
207 episodes
Share
Manage episode 485786568 series 3591759
Content provided by Nikolas Hulewsky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nikolas Hulewsky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
đ¨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe đ¨
Join me, Nik (https://x.com/CoFoundersNik), as I interview Tyler Purcell (https://x.com/TylerPurcell24). In this episode, I'm talking to Tyler who runs, what I think, is the quintessential small business: laundromats.
You've likely heard about this kind of sweaty business from people like Cody Sanchez, but Tyler gives us the inside scoop on why it's an essential service that's considered recession proof.
We dive into how his family got started in the laundry business, how they scaled their operation to multiple locations, and why they chose to build new stores from scratch rather than buying existing ones. Tyler reveals the surprising profit margins possible in the industry and explains their strategy of targeting areas with old, run-down "zombie mats". We also cover the specific demographics they look for when scouting a new location and their unique approach to marketing.
Enjoy the conversation!
Questions This Episode Answers:
How profitable can laundromats really be?
Why do you look for areas with "zombie mats" when finding a location?
What demographics are key when choosing a site for a new laundromat?
What's the secret sauce for attracting customers with grand openings?
How much does it cost to get a new laundromat up and running?
___________________________
Love it or hate it, I'd love your feedback.
Please fill out this brief survey with your opinion or email me at [email protected] with your thoughts.
__________________________
MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribe
Spotify: https://tinyurl.com/5avyu98y
Apple: https://tinyurl.com/bdxbr284
YouTube: https://tinyurl.com/nikonomicsYT
__________________________
This week we covered:
02:28 Getting into the Laundromat Business
06:56 Choosing Locations and Metrics
11:56 Industry Profit Margins
16:39 Buying a Laundromat: A Step-by-Step Guide
21:07 Financial Insights and Future Plans
22:06 Rapid Fire Questions
24:15 Final Thoughts and Contact Information
207 episodes
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Similar to Nikonomics - The Economics of Small Business
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
…
continue reading
Alessandro Bogliari, CEO and Co-Founder of The Influencer Marketing Factory, a global influencer marketing agency, talks with great guests about influencer marketing, social media, the creator economy, social commerce and much more.
…
continue reading
Behind every successful business, thereâs a story you donât hearâthe sleepless nights, the moments of doubt, and the determination to keep going when everything feels impossible. Thatâs what Unbreakable Business is all about. Join host Akua Konadu each week as she sits down with entrepreneurs who share the raw, real side of their journeyâthe roadblocks they faced, the challenges they overcame, and the stories that donât make the highlight reel, but the the ones that matters the most. If youâ ...
…
continue reading
Business tips for startups by proven entrepreneurs
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Kipp Bodnar (HubSpotâs CMO) and Kieran Flanagan (Hubspot's SVP of Marketing), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way youâll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
…
continue reading
Welcome to the Whatâs Next! Podcast. Iâve met so many brilliant people as I traveled the globe and have had some fascinating conversations that Iâve wished had been recorded so I could share them with you - this podcast was a way for me to recreate those moments and let you in on some fantastic insights. My current conversations center around one objective: what's next for companies and individuals as they look to innovate and grow. I hope these conversations inspire you as much as they have ...
…
continue reading
The fun email marketing podcast. Sell more of your online courses, grow your membership and bring in more coaching clients with email marketing that doesn't stink. Sound good? Then join your fellow Email Marketing Heroes for your weekly dose of fun, practical, yet brutally honest email marketing advice. You can listen in to a piping hot, fresh episode every 'Email Marketing Wednesday' or if you prefer learning with your eyes instead of your ears, we turn each episode into a full written blog ...
…
continue reading
The Self-Employed Life Podcast (formerly Creative Warriors) provides business and personal development strategies for self-employed business owners that create sustainable success. A community of self-employed and small business owners, entrepreneurs, innovators and ambitious individuals that need creative solutions in business. Being self-employed and a business Warrior is a mindset, a spirit and a challenge. We need a different way of doing business. This is business with a soul. We discus ...
…
continue reading
The Life of And podcast is for high-achieving women and working parents who are ready to stop living a life of âhave toâ and start designing a life they actually want. Itâs a space where we talk honestly about the things weâre often afraid to admit â even to ourselves. The exhaustion. The ambition. The loneliness. The joy. The tension of wanting more without losing yourself in the process. If youâre in the thick of it â feeling stretched, tired, hopeful, driven â this is your invitation to t ...
…
continue reading
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