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Laundry Spot version 5.0 is going to blow 4.0 out of the water.
And 4.0 ain’t that bad…
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Tyler Purcell - Laundry & Finance
14.2K posts
Tyler Purcell - Laundry & Finance
@TylerPurcell24
Sharing insights while building a $1B wealth management firm and a $100M laundromat biz│ Head of Growth - Balance Wealth │ Co-founder of The Laundry Spot.
- One thing you never see in these morning routine videos: KIDSThis Post is from a suspended account. Learn more
- It’s not a Sunday without a family lunch at Costco. We eat here 5x per week. Can’t beat it. Out the door for $6. We basically got the membership solely for this reason.
- I flew first class for the first time recently. (Before anyone one freaks out, this is not a flex, upgrade was under $200) 4.5 hour flight to LA from Cincy. People told me that it would be tough to fly main cabin again. AND it’s true. Made air travel 20x more enjoyable.
- Replying to @ParkerlawyerLaundromats are romantic! Proposed to my wife in one we own.
- Replying to @cleanwithmikeNone. I’m going with 👇🏻
- Is living on a compound with family and friends weird? Welp, that’s going to be me soon. Started looking for land about 5 years ago. It has been a test in patience. Dealing with city and county zoning is a complete nightmare. Worked on 7 other pieces of land before this
- The books are reconciled for 2023. Another record year for The Laundry Spot! I’ll break it down below 👇🏻 Revenue - $2,948,686 NOI - $1,075,904 Top 3 expenses: Labor - $654,608 Utilities - $273,836 Marketing - $86,393 A few notes: Labor includes a GM and 2 AGMs. We all
- Owning a laundromat is a great compliment to owning other businesses. Why? That sweet, sweet depreciation. (Even sweeter if the tax bill passes in the Senate, bringing back 100% bonus depreciation. We’ll assume it does.) Let me set the stage: - You own a business doing
- My favorite predictor of success… Someone who works out early in the morning. If you want to change your life, start by working out at 6am every day.
- My wife doesn’t know it yet, but she’s getting this instead of an Escalade when our third child is born.
- The books are reconciled for 2024… Another record year for The Laundry Spot! Revenue - $3,013,330 NOI - $1,239,443 41.1% margin Top 3 expenses: Labor - $733,959 Utilities - $309,367 Merchant Fees: $112,450 *Only spent $31,510 on marketing A few notes: Labor includes a
- Replying to @trentjhughesThen you don’t get to sip your mimosa as the peasants walk by
- Replying to @TylerPurcell24Upgrade price on my flight to SXM is down to $180. Be stupid not to do it right?!
