Laundry Spot
A chain of laundromats owned by Tyler Persell, which focuses on providing a clean and modern laundry experience with additional services like drop-off laundry.
Why It Works
The business model thrives on the necessity of laundry, which is a non-negotiable need for people regardless of economic conditions. The business has also benefitted from modernizing the laundromat experience and elevating customer service.
Revenue & Traction
The average store nets about $300,000 annually, with a projected revenue increase from $3 million last year to $3.2 million this year.
Founding Story
Tyler Persell got involved in the laundromat business through his wife’s family, who owned a laundromat. After observing its profitability, he partnered with his father-in-law and brother-in-law to open multiple locations.
Business Playbook
Key strategies include sending out postcards for marketing, holding grand opening events with free laundry weekends, and focusing on customer service to create a loyal customer base. They look for underperforming or 'zombie' laundromats to compete against.
Additional Information
The business operates four locations and has plans for expansion. They have a 30-year lease on one location at a significantly lower rate than the market average.
Source
Podcast: Koerner Office
Episode: The $300K/Year Business That Almost Never Fails⏐Ep. #239
Creation Date: October 27, 2025
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