A look at how commercial laundry operations make money, from basic wash-and-fold services to larger outsourcing trends. The speaker breaks down the business model and where laundry companies add value beyond just cleaning clothes.
Laundry. Now, there's some people that have been looking at the laundromats, and let me tell you why that is. It has its constraints. The reason I think laundry is interesting is because I think commercial laundry is interesting. La Costa Resort, right here, they have box trucks coming out of that place every single day. And the place that handles their stuff is called Palomar Laundry, which is next to my office down on Palomar, three miles away. And all they do is run trucks all day long out of that place. Right. I mean, I don't know how many beds they even have there to accommodate, but it's huge. What is one big customer worth in that business? Where is the volume? You don't think about that. You don't think because. Because you would think most of those big companies like that do their stuff in house. They don't do their stuff in house. They actually outsource it. And so commercial laundry is interesting. Tide is coming in and starting to buy these laundromats up because they want to sell detergent, they want to sell their products, they want to own potentially the real estate in the play because they're in a different position in the life cycle of their business. Right. They're very different model than you. If you have a laundromat with 40 washers and 40 dryers in Dayton, Ohio, it, you know, like it's going to be limited to just that, just that market. Right. Just that foot traffic for me. Unless you're gonna buy five of those or 10 of those, or you're going to incorporate, you're gonna buy three of them, and you're gonna do direct mailers to everybody in a 25 mile radius and send out a sprinter van to pick their stuff up and bring it back. That's called fluff and fold. You know, when I'm on the road traveling, for example, I can find any fluff and fold, and I can say I'm on the road for a week. I. I could drop off all my laundry, you know, and it's $1.50 a pound for them to wash it, fold it, dry it, put it all back together, deliver it nicely to my hotel. It's $1.50 a pound. That's a, that's a great service for me. Who's going to pay $70 a load of laundry? Me, when I'm on the road and other professionals, other busy people. Right. And so I like that as a value add for something and really something to consider. Again, don't go into it trying to make a little bit more money. I need an extra two to $5,000 a month and then get stuck with a job. Let's put together a platform where you could buy multiple units, because that makes sense to me. Okay, so that's laundry, pool services. Are these listed in order of importance? No, there's no chronological order to these. These are just my top 30 playbooks.
