Laundromat News Today, February 7, 2025

Welcome to a brand new episode of Laundromat Resource! This week, our host, Jordan Berry, dives into crucial insights and emerging trends in the laundromat industry. 

We'll kick things off with a cautionary tale for unattended laundromat owners—someone was found living in a laundromat unbeknownst to the owner. This episode stresses the importance of staying vigilant to ensure a successful business. 

Next, Jordan highlights the booming growth of pickup and delivery services, projected to grow significantly by 2029, partly due to rising in-home washing costs. Discover opportunities in this growing segment—even if you don't own a laundromat yet. Plus, learn about laundromats partnering with Medicaid to serve lower-income customers and build community goodwill by offering helpful incentives. 

To end on a light note, we'll chat about Jon Bon Jovi's exciting launch of his rosé line at a laundromat, proving that these establishments are anything but boring. So tune in for all the latest news, insights, and fun tidbits from the laundromat world!

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Transcript

Jordan Berry [00:00:01]:
Welcome to Laundromat News Today. I'm America's favorite Laundromat News anchor, Jordan Barry, and I can confidently say that because I'm pretty sure I'm the only one, out there, doing it. So, I'm gonna hold on to that title as long as I can till somebody else jumps in there. Then I'll be the number two. Anyways, let's start with you unattended laundromat owners. I've got a word of caution for you. Story just came across our desk that an unattended laundromat had somebody living there, unbeknownst to the owner, for weeks, before the owner finally found out. So listen.

Jordan Berry [00:00:38]:
This is, you know, this is just a a word of caution, a reminder. We have got to pay attention to our businesses here. I know that so many people listening to this are looking for passive income streams, are looking to be as hands off as possible, and that's great. However, this is still a business. And, if you don't if you're not careful, somebody may move into your laundromat without you knowing. And I will say from experience, not from somebody moving in, but from people hanging out who shouldn't be hanging out, that will affect your business negatively. So, don't be like this owner. Pay attention to your business.

Jordan Berry [00:01:15]:
And if somebody moves into your laundromat, make sure you move them right back out ASAP. Hey. This is something I've been saying. This is something I'm not the only one who's been saying this. Lots of people have been saying, hey. Pick up and delivery and drop off laundry are gonna be growing by leaps and bounds. We've only scratched the surface. A new study came out saying that online demand, or online on demand laundry service market is gonna grow in The US by $460,600,000,000 between now and 2029.

Jordan Berry [00:01:49]:
It's gonna grow $460,600,000,000 between now and 2029. And one thing that's driving that actually is increased costs of using your in home washing machine. So that's interesting finding from this study. So, listen, I I know that pickup and delivery has been around a little while now. Some of you guys in this industry are crushing it on the pickup and delivery side. However, I do still think we're only scratching the surface. So with that said, it's not too late to get in the game if that is a direction you want to go. And, you know, I just just to kinda punctuate that point, I got another article here that's just talking about, pickup and delivery software and how there's a need for that to continue to grow, to innovate, to expand, and how it is helping laundromat owners like you around the world to, offer this service in a streamlined way and to be able to compete with, some of these low cost, low margin, providers that are out there doing it.

Jordan Berry [00:02:56]:
So, listen, this is a growing segment of our industry. Don't get left behind on it if that's a direction you wanna go in. Now, not everybody does, but if it is, you know, get started on it. And not only that, but you can get started on it without owning your own laundromat. Check out Mark Vlastkamp's podcast episode on the Laundromat Resource Podcast if you wanna learn more about that and how he built a multimillion dollar laundromat business that way. Listen. I I wanted to highlight again, I highlighted this last week, but, you know, Medicaid has been struggling to figure out how to connect with lower income Americans to help get them enrolled in Medicaid. And they're partnering with, Laundromats to do that kind of all over, including in Florida, where they are, while people are waiting around for their laundry to be done, they're having these meetings to get people enrolled into Medicaid.

Jordan Berry [00:03:55]:
And in order to incentivize that, which, you know, is a little surprising to me that you gotta incentivize getting enrolled in Medicaid. But in order to incentivize that, they're actually giving out, $5 gift cards to the laundromat. So it could be a great way for you to to partner with Medicaid to help get your customers enrolled in Medicaid if that's the demographic you're serving, as well as retaining some business and building some goodwill along the way. And finally, listen, laundromats are kind of a big deal. I know they get tired of this boring businesses, but there is nothing boring about Jon Bon Jovi and his son, Jesse Bon Jovi, launching their rose line, Hampton Water Rose at a laundromat in a laundromat party. There's nothing boring about that, so I'm getting tired of this boring business thing. Laundromats are exciting, and finally finally, Bon Jovi is recognizing it and embracing it. So go check that out.

Jordan Berry [00:04:53]:
He threw a little party with the DJ, and it was all decked out. It was great. Party I mean, I wasn't invited, so I don't know, you know, what that was about, but he did drop the ball on that. However, just thought that was a fun little, tidbit that they took over a laundromat, created a national launch for their Hampton Water Bubbly, that's rolling out this spring. So I bet Jon Bon Jovi did not see the added benefit of free PR here on the Laundromat News today. But here he is, and it'll probably, you know, thrust his business into the billions in no time. Anyways, that is the wrap up for today for Laundromat News Today. Big takeaways here.

Jordan Berry [00:05:37]:
Pay attention to your business. Mind your business. And also listen, that pickup and delivery segment of, our industry is booming and will continue to boom at the very least for the next four years as it's set to grow 460,600,000,000.0. So that's something you're interested in. Jump into it. I am America's favorite Laundromat News anchor and only, I think. And if there's another one out there, then I'm in trouble because it's unlikely I'll be the favorite. But until I find out about it, I'm gonna just assume I'm America's favorite on brand news anchor, Jordan Barry.

Jordan Berry [00:06:12]:
We'll see you again next week with all the latest news and highlights from around the industry.