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15 - Can Laundromats Really Make You a Millionaire with Tyler Purcell
Manage episode 433005190 series 3591759
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TikTok sensation or legitimate business? Laundromats have trended across social media and have become the stars of passive income. From one location to four in eight years and netting over 200k per location I, Nik, (https://x.com/CoFoundersNik) sit down with Tyler (https://x.com/TylerPurcell24) the laundromat guy and dive into the truths about the laundromat biz.
Tyler answers rapid-fire questions about what he loves, what keeps him up at night, and even how you could build your own empire. So, if you're thinking about starting a laundromat or are curious about the business, this episode is a must-watch!
This week we covered:
02:28 Getting into the Laundromat Business
06:56 Choosing Locations and Metrics
11:56 Industry Profit Margins
16:39 Buying a Laundromat: A Step-by-Step Guide
21:07 Financial Insights and Future Plans
22:06 Rapid Fire Questions
24:15 Final Thoughts and Contact Information
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If you want to ask a question on the show OR be on the show please fill out this form: https://tinyurl.com/yx89yr65
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