#44: Laundromat making $460k/year

๐Ÿ‘‹ Hey fam!

Welcome to the 708 new people who have joined this week!

Happy new year to everyone hope you all had a good break with family and friends!

In this weekโ€™s issue:

  • โ˜๏ธ SaaS - 1 listing

  • ๐Ÿ—„๏ธ Traditional business - 1 listing

  • ๐Ÿ•ต๐Ÿผโ€โ™€๏ธ Service - 1 listing

  • โ˜๏ธ SaaS - 1 listing

  • ๐Ÿ›’ eCommerce - 1 listing

  • โœ๐Ÿฝ Content Site - 1 Listing

  • ๐Ÿ—„๏ธ Traditional business - 2 listings

Alright, Letโ€™s explore!

Estimated Reading Time = 5 minutes

๐Ÿš€ Startup Spotlight

Discover profitable online and traditional businesses.

๐Ÿ’ฐ Asking Price: $95,000

Profitable SaaS with $394,000 in TTM revenue and $80,000 in TTM profit/SDE is a real estate lead conversion for real estate agents, teams, and brokers.

Their technology helps real estate agents save time and make money. Convert more leads, agents close more deals.

Type: SaaS

โœ… Key Highlights

  • $394,000 in TTM revenue

  • $80,000 in TTM profit

  • $36,000 in revenue last month

๐Ÿš€ Growth Opportunities

  • Meta Ads: Massive opportunity here to run lead gen ads and create a funnel for paid ads.

  • Expansion: Expand into complimentary niches (mortgage, home services etc). Once youโ€™ve built the funnel through paid ads and have relationships dialled in then Iโ€™d focus at moving into expansion.

๐ŸšฉCons

  • Traffic: Noticed a drastic drop off in traffic from July onwards which caused revenue and both traffic to drop majorly.

  • Opex: Opex seems quite high, would recommend to dive in here and figure out whatโ€™s going on to cause a negative net profit.

๐Ÿ’ฐ Asking Price: $695,000

SunShine Suds Laundromat, located in the vibrant city of Miami, is a bustling business offering a seamless and enjoyable laundry experience. Established in 2013, this home-based business has become a local favorite, providing a range of laundry services with a focus on efficiency, cleanliness, and customer satisfaction.

Type: Traditional Business

โœ… Key Highlights

  • $400,000 Gross Revenue

  • $460,000 in Cashflow

  • $300,000 in Real Estate

  • 40 units Washer and Dryer

๐Ÿš€ Growth Opportunities

  • Improve operational efficiency: Streamline operational processes to enhance efficiency and reduce costs. This may include optimizing staffing schedules, negotiating favorable equipment maintenance contracts, and implementing energy-efficient practices. Improved efficiency can positively impact the bottom line.

  • Upsell: Strategically place additional items such as fabric softeners, laundry bags, or stain removers near the payment and exit areas. Ensure these items are visible and easily accessible, prompting customers to consider adding them to their purchase.

๐ŸšฉCons

  • Maintenance: Laundromats heavily rely on washing machines and dryers, and the maintenance of this equipment can be a significant challenge. Machines can break down, leading to downtime and potential revenue loss. Repairing or replacing industrial-grade laundry equipment can be costly, impacting your bottom line. Regular maintenance is crucial, and unexpected breakdowns could disrupt operations and customer satisfaction.

๐Ÿ’ฐ Asking Price: $132,000

Innovative agency facilitating authentic connections between brands and customers

Type: Service

โœ… Key Highlights

  • $78,000 in TTM revenue

  • $8,000 in TTM profit

  • $15,000 in revenue last month

  • $15,000 in profit last month

๐Ÿš€ Growth Opportunities

  • Establish Thought Leadership in Sustainability: Building on the existing growth opportunity mentioned, go beyond obtaining sustainability certifications and affiliations. Actively position Ardent Agency as a thought leader in conscious branding and sustainability within the industry. This involves creating and publishing in-depth reports, whitepapers, and guides on the latest trends, best practices, and case studies in conscious branding. Host webinars, workshops, and participate in relevant industry events to showcase the agency's expertise and foster connections with potential clients.

  • Global Expansion and Niche Markets: While Ardent Agency is based in California, explore opportunities to expand its services to a global audience. This could involve tailoring its services to meet the unique sustainability and conscious branding needs of businesses in different regions. Additionally, consider targeting niche markets that are particularly focused on sustainability, such as eco-friendly fashion, renewable energy, or ethical consumer goods. This targeted approach can help the agency stand out in a crowded market and attract clients who prioritize sustainability.

๐ŸคŒ๐Ÿผ Thread Of The Week

Brian breaks down the 11 step guide to what takes to buy a franchise.

If this is something youโ€™re currently in the process of then Iโ€™d highly recommend to read it.

โœ๐Ÿฝ My Weekly Read

Hereโ€™s this weekโ€™s #1 FREE favorite newsletter we read to help us be better operators:

  • The Hustle - Where entrepreneurs, CEOs, business owners and professionals get their business and tech news. All of the dayโ€™s news is summed up in a digestible 5-minute read so you can stay-in-the-know and get on with your day.

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