Before You Buy That Laundromat, Analyze the Deal with Jason Worme

Want to buy a laundromat but nervous of the risk? Follow along as Jason Worme details how he analyzes a potential location to mediate risk and determine an offer that will guarantee a successful profit margin. In this interview with Dave & Carla Menz, Jason shares his story of coming to America and how he continues to grow a successful laundromat business in New York.Referenced Links: Coin Laundry Association’s WDF 2023 (use code LM100): www.coinlaundry.org/wdf-2023Laundromat Millionaire’s WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our Guest’s website: www.starlaundromats.comOur Guest’s email: [email protected] Guest’s facebook: https://www.facebook.com/jason.wormeOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comLaundroWorks Card System: https://laundroworks.comCents POS System: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro00:46 Attendance at Our WDF/PUD Workshop03:13 Jason’s Backstory – Coming to America07:37 Risk and Cost Management Experience 14:02 Why Laundromats?16:25 Already Expanding to 2nd Location16:43 Analyzing Potential Purchases – Evaluating Laundromats for Sale22:49 How Jason Calculated His Offer28:22 How to Verify Seller’s Data is Correct36:19 Should the Lack of Financial Information Prohibit a Purchase43:54 Describing the Store47:07 Planning Ahead for New Competition49:35 Two Price Points for Drop-Off Services51:43 Adding Wash-N-Go Service55:07 Why Knowing Costs is Important