Show notes
Have you ever thought of investing in an income generating asset that earns passive income? My next guests did that and did it very well! After taking an extended road trip and needing places to stop and do laundry, Jon and Erin Carpenter discovered just how important laundromats were and how much time customers spend there! This leads them to their next big business move!
In This Episode You’ll Hear About:
Jon and Erin purchased a laundromat in Charleston, SC - Reynolds Laundry. And not too long after purchasing, they decided to temporarily shut down for 2 months to do a complete renovation! This would lead them to create not just the pretties laundromat in South Carolina, but a community stable.
- The business model of a laundromat (how it operates and generates income)
- How long until you see an ROI
- Facing entrepreneurship as a couple
- How passive are laundromats really?
- Incorporating your business into the community
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