019 - Make Laundry Great Again With Justin Eaton

In this episode of the Frankie D'Astoli Show, Frankie interviews Justin Eaton, a serial entrepreneur who has transitioned from real estate investing to owning laundromats. Justin shares his journey, including his early failures, the importance of networking, and the lessons learned from his first real estate deal. He discusses the unique aspects of running laundromats, the financial benefits, and the unmatched benefits of growing your network. The conversation emphasizes the value of entrepreneurship, community, and making uncomfortable decisions for growth.Chapters00:00 Introduction to Justin Eaton and His Journey03:05 The Birth of South Jersey Real Estate Investment Group06:00 Justin's First Real Estate Deals09:00 Transitioning to Commercial Real Estate12:11 Exploring the Laundromat Business14:56 The Success of Laundromats and Future Plans24:25 The Strategic Advantage of Strip Center Laundromats27:22 Lessons from First Acquisition: Challenges and Solutions30:13 Navigating Financing: Securing Loans for Laundromats33:25 Operational Insights: Managing a Laundromat Effectively36:18 Differentiation in the Market: Standing Out in Laundry Business39:32 The Journey of Opening a Second Location: Challenges Faced42:24 Financial Breakdown: Costs and Funding Strategies43:42 The Journey of Entrepreneurship47:18 Merging Businesses and Delegation Challenges50:08 The Grit of Entrepreneurship53:18 Partnerships in Business and Life57:35 The Value of Flexibility in Entrepreneurship