As you know, I had been away a while until I posted earlier this month. Life was swirling around us as usual, and my last post was quite a catch-up novel. But I didn’t reveal everything that was going on because we were working on a secret project! A secret project that is finally complete…so it’s time to announce…
WE WROTE ANOTHER BOOK!
Pulling it together felt like the birth of another child, so I guess it deserves a birth announcement:
Why did we write another book, you ask?
It was you, dear readers.
Over the last year, I’ve received a ton of reader mail asking for help; about lease negotiations, or how much a particular laundromat is worth, or whether to make an offer or not. Many of them were requests for consultations.
“I’ll pay you! I just need 30 minutes of your time!” they cried.
So it became very clear that a lot of people out there still need a lot more information. Well, information and confidence. And they need more than my blog alone can provide.
Many of you described the fear you have when it comes to investing in a laundromat, or any business for that matter. And that’s understandable. Fear of taking the first step, fear of failure, fear of living outside your comfort zone, fear of the unknown.
And then it finally hit me. After I found myself repeating the same strategies and stories and calculations over and over to one reader after another, I figured we should just pull everything we’ve learned directly or from veterans in the industry, and create a complete guidebook to laundromat investing. From start to finish. And then to really get folks set on the right path, we’d offer a discounted bundle that includes ALL of the spreadsheets and templates and checklists we used to successfully purchase and operate our own two stores.
Now that it’s all pulled together, it’s quite a package. It’s everything we wish we had when we started our own laundromat investing journey.
But with the amount of time and effort we devoted to it, we couldn’t just give it away. The blog costs money to run, and our time is worth something. So we’re not ashamed to put a price on the fruits of our labor. But for what is all included, it’s almost like we’re giving it away.
If you’re serious about investing in a laundromat, it’s a must-have. It will save you both time and money, and help take some fear out of the process.
A New Identity and a New Direction
As I already mentioned, I get a lot of reader mail, and these days about 90% of it is about investing in laundromats. So as much as I’ve resisted it, pushed it aside, ducked it and avoided it…the fact is…I’m now known as…
…the laundromat lady.
I tried to fight it. I didn’t set out to have this blog be about laundromat investing. I didn’t even want it to be about laundromat investing. But the reality is that there is only so much one can say about investing in index funds, or eliminating debt that hasn’t already been said. There’s a million (ok, maybe not a million, but a lot) of other personal finance blogs out there that cover everything else, but there’s no one that blogs about laundromat investing specifically.
So I guess it’ll be me. I accept the crown and I’ll wear it proud.