10 Reasons to Buy a Laundromat Business as Your Next Side Hustle (Greatest Hits)

Are laundromats "the ultimate side hustle," like my guest Jordan Berry described? These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Jordan is a former pastor turned laundromat mogul. Along the way, he's become an advocate for the industry through his website and podcast at LaundromatResource.com. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. It wasn’t just the income potential that intrigued Jordan. He wanted a business that would generate passive income -- and yield better returns than real estate. Jordan has been able to achieve both of those things through buying laundromats. Tune in to hear: why a laundromat makes a great side hustle and investment vehicle some of the expensive mistakes to avoid where to look for financing and some creative marketing and monetization ideas Full...