Real Estate With a Cash Register: Why Laundromats Belong in Your Portfolio
Jordan Berry of Laundromat Resource breaks down why laundromats belong in a real estate portfolio, and how to buy and run your first store. About this Event TOPIC: Real Estate With a Cash Register: W…
photo: AllEventsWhen and where
- Date and time
- Ends PDT — local Long Beach time
- Location
- 3229 E Spring St3229 East Spring StreetLong Beach
About this event
Jordan Berry of Laundromat Resource breaks down why laundromats belong in a real estate portfolio, and how to buy and run your first store.
About this Event
TOPIC: Real Estate With a Cash Register: Why Laundromats Belong in Your Portfolio59% of Long Beach households rent, and many have no washer or dryer. That's a built-in customer base for laundromats, an asset class with needs-based demand, no evictions or rent control, and yields that can far outpace small multifamily.
But a laundromat is a business, not a building. The lease is the real asset, and the broker's numbers aren't always the ones to trust.
In this session, Jordan Berry, founder of Laundromat Resource and multi-store owner, will walk through a live SoCal deal teardown and lay out a clear path to buying your first store.
What we'll cover:
Why a laundromat is "real estate with a cash register" and how it compares to rental property
The four numbers every buyer needs to know: rent to revenue, net margin, utilities, and price multip
Official details
- Tickets:
- Official ticket page for Real Estate With a Cash Register: Why Laundromats Belong in Your Portfolio
- Price:
- $20.00 USD (listed — confirm on the official page)
- Listing source:
- AllEvents
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