Codie Sanchez

It's basically all the ways to make money on buying businesses, starting businesses in a recession.

And both of those I think are

really useful.

useful.

Laundromat?

Laundromat?

Well, how about this?

Well, how about this?

I bought my first laundromat for 100K, made me 67K a year, then ended up buying two more laundromats, rolling those up, and we sold that for close to a million bucks.

I bought my first laundromat for 100K, made me 67K a year, then ended up buying two more laundromats, rolling those up, and we sold that for close to a million bucks.

You can buy a laundromat typically for less than $100,000 all the way up to a million dollars.

You can buy a laundromat typically for less than $100,000 all the way up to a million dollars.

And you can do seller financing on these as well.

And you can do seller financing on these as well.

You typically pay three to six X the profit of the business for a laundromat.

You typically pay three to six X the profit of the business for a laundromat.

They're what I call the gateway drug, good business to start with and learn with.

They're what I call the gateway drug, good business to start with and learn with.

For you, I'd say don't buy a laundromat.

For you, I'd say don't buy a laundromat.