The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Hey, I'm Chris Koerner - serial entrepreneur, business ideas addict, and your new ADHD business ideas best friend. I've started 75 businesses, with 10 of them being worth 7-8+ figures. I love startup ideas!
Want to make money, grow a business, or just start a side hustle? You're in the right spot.
This show covers:
- Real-world growth hacking tips
- Deep dives into cool business ideas and AI tools.
- Simple business advice for small business & startups
- Ways to make money with side hustles and home services
- How to invest in RV parks or mobile home parks
Sometimes I'll chat with another entrepreneur buddy, sometimes I'll go solo.
I've built lots of companies, run multiple businesses, and made tons of mistakes (so you don't have to).
If you love entrepreneurship, marketing, business ideas or agency life, this show is for you.
Let's make you some money with cool business ideas! Find me at TKOPOD.COM
Chris Koerner of The Koerner Office
The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
How to Start a Laundromat with 40% Net Profit Margins. Ep #058
I sat down with Tyler Purcell, known as the "Laundry Guy" on Twitter. Tyler owns four laundromats in Ohio, pulling in a remarkable 40% profit margin. We discuss how he manages to balance running a wealth management firm and operating these highly profitable laundromats. Tyler also talks about the strategies he uses to outperform competitors and explains why laundromats are such a lucrative business.
Timestamps below. Enjoy!
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00:35 Meet Tyler Purcell: Financial Planner and Laundromat Owner
01:58 The Journey into the Laundromat Business
02:54 Understanding the Laundromat Industry
05:50 Challenges and Strategies in the Laundromat Business
16:44 Grand Opening Strategies and Community Impact
26:00 Challenges in Tracking Customer Data
26:40 Payment Preferences and Cash Handling
27:18 Security Measures and Crime Prevention
29:25 Marketing Campaigns and Customer Acquisition
30:31 Customer Spending and Visit Frequency
32:09 Weekend Capacity and Discount Strategies
36:38 Expansion Plans and Location Selection
40:48 Commercial vs. Residential Laundry Services
42:02 Challenges in Residential Pickup and Delivery
49:22 Innovations and Future Opportunities
51:40 Conclusion and Contact Information
