From $6K a Month to $12K a Month with a Laundromat | Matt Pipkin

In this episode, Matt Pitkin shares his journey of acquiring a laundromat and starting a SaaS business. He discusses how he transitioned from a nonprofit to entrepreneurship and the challenges he faced along the way.

Matt also talks about the revenue and potential exit of his SaaS business, as well as the renovation and growth of the laundromat. He shares insights on managing a laundromat from a distance and provides advice for investing in laundromats and generating passive income.

Takeaways

• Transitioning from a nonprofit to entrepreneurship can be challenging but rewarding.
• Starting a SaaS business requires understanding the market and finding the right niche.
• Acquiring a laundromat can be a profitable investment with the potential for growth.
• Renovating and improving a laundromat can attract more customers and increase revenue.
• Managing a laundromat from a distance requires reliable staff and systems.
• Taking action and learning from experience is key to building passive income.

Chapters

00:00 Introduction and Background

01:18 Starting a SaaS Business

06:06 Building a SaaS Product

10:17 Revenue and Potential Exit of SaaS Business

12:12 Acquiring a Laundromat

25:43 Revenue and Operations of the Laundromat

28:34 Managing a Laundromat from a Distance

35:51 Advice for Investing in Laundromats and Passive Income

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