The Rich Somers Report
Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $80M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers
The Rich Somers Report
The Complete Guide to Buying a Laundromat Business: How Much They Cost & How to Run Them | Tom Donnelly E333
Is laundromat investing the most underrated business model out there? In this episode of The Rich Somers Report, Rich sits down with Tom Donnelly, a full-time entrepreneur and laundromat owner, to break down how he went from a W-2 job to building a profitable, semi-passive business—and why more real estate investors are eyeing laundromats as their next cash-flow play.
Rich and Tom discuss:
How much laundromats really cost and how to finance them creatively
Why seller financing is common—and how to structure it to your advantage
What makes a location profitable and how to avoid the #1 mistake new buyers make
Key operational metrics like “turns per day,” app-based payments, and revenue from wash-dry-fold
How to increase cash flow with add-ons like vending, lockers, dry cleaning, and even digital slot machines
Tom also shares how he doubled the revenue on his first deal with just $17K out of pocket, the importance of local market research, and why owning the real estate can dramatically boost returns. Whether you're a beginner looking for your first cash-flowing business or an investor ready to diversify, this is your crash course in laundromat ownership.
Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.
Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.
If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.