If you’ve ever thought about owning your own small business someday, what type of businesses have you thought about? Something like…
- Owning a small restaurant
- Running a landscaping company
- Operating a gas station
These are the types of businesses that just about anyone with the startup capital and desire to succeed can get into, and for the most part with very little risk involved.
My #1 Recommendation For Making Money Online In 2024
Now, before we get into the weeds, what are some of the reasons that people would want to start their own business?
Here are a few…
- Financial Freedom: Being a successful business owner offers you the ability to make more money than an employee would, which means you’re not saddled with the financial woes of and can provide a better lifestyle for yourself and family.
- Flexibility: With your own business, you can set your own hours and work whenever you choose, which means you have more time with your family, special projects and hobbies.
- More Control: You call the shots over how your business is run, which means you can steer the company in the direction you want it to go without the need to get approval from all the high-ups.
- Passion: Most entrepreneurs started their businesses based on their specific passions, which means that it’s typically something you care about and get personal satisfaction from.
- Innovation: When you own your own business, you can come up with new ideas that can improve the industry, which means you can have an impact on people and practices for years to come.
So what would you say is the best type of business that’s easy to get started and can make the most positive impact on your personal life dollar for dollar?
As you might guess, that’s what we’re going to dig into in this 30 Day Laundromat Ownership Mastery Review.
In this review, my goal is to take just a few more minutes of your time to answer some of the more common questions that I get with laundry business courses like this and hopefully give you enough, if not more than enough, information for you to make the best decision.
Because, the last thing I want for you is to jump into being a laundromat owner without giving yourself time to truly decide if it’s right for you or not.
On the other hand, I don’t want you taking too much time where you end up not making a decision at all.
So, with all that said, let’s get the ball rolling…
What is 30 Day Laundromat Ownership Mastery All About?
The “30 Day Laundromat Ownership Mastery” is a course by Tom Donnelly that teaches you how to make money by running a successful laundromat business. In 30 days, Tom shows you how to pick the best place for a laundromat and how you could earn $15,000 a month. He shares his own story of owning three laundromats and making a lot of money from them.
The course covers:
- finding laundromat locations
- talking to owners to get a good price
- fixing up the place
- running it like a boss
Tom also talks about how to pay pennies on the dollar when you first buy a laundromat by getting a loan from the seller or another private loan. This course is pretty new, so there aren’t many reviews from students yet, but it offers a step-by-step guide, answers to your questions from Tom personally, and a chance to ask for topics you want to learn about.
Who Is Tom Donnelly?
Tom Donnelly is a man who knows a lot about making money in different ways. He comes from Homer Glen, Illinois, but loves to travel and now lives in Solana Beach, California. He went to Western Illinois University in 2003 to study Business Administration. He also studied business, trade, and commerce at NHL Hogeschool in 2005.
Tom started working as an assistant manager at Enterprise Rent-A-Car in 2007. He was really good at selling and became a top sales leader. In 2010, he started working for Groupon, where he stayed for 10 years doing sales and taking care of accounts. Along the way, he started his own businesses. He started Cheekytraveler, which helps families find great travel deals. He also co-founded Kaizen Rentals for people who want to invest in vacation homes.
In 2018, Tom got into real estate by co-founding Throop Donnelly LLC, which helps families find homes. That same year, he started looking into laundromats as a way to make money fast.
By 2020, he was the CEO of TDM Holdings, LLC, focusing on the real estate and laundromat industry in Atlanta. Tom also started TJ Capital LLC in 2021 to buy, sell, and build real estate.
My #1 Recommendation For Making Money Online In 2024
How Much Does Tom’s Course cost?
The original cost of the program was $2,500, but you can get it now at $497 for a limited time. Right now, Tom offers a 30 day money-back guarantee.
Of course, it can cost upwards of $200,000-$500,000 to lease of a buy an existing laundromat, or at least to buy into a laundromat ownership syndicate. So if this is the route you want to take, you should consider contacting the Coin Laundry Association at https://www.coinlaundry.org/ for more information about the coin laundry industry.
What Do You Get Inside The Course?
Here’s a quick snapshot of what you can expect with Tom’s course…
- 30 Days Of Lessons: Tom introduces you to brand new information about the laundromat business. You’ll learn about goal-setting and how to determine the financial standing of your laundromat business, and how to provide great customer service.
- 30-Day Checklist: Tom shows you how to keep track of your day-to-day business operations which is critical when owning a business.
- Contests: Tom puts you up against other laundromat owners in the group to see what you’ve learned and how well you’re doing.
- Analysis Calculator: He gives you software to help you run the numbers easily.
- Private Facebook Community: You get access to Tom and his other students to get your questions answered and brainstorming.
- Live Q&A Calls: You get access to live weekly calls hosted by Tom and his team.
Is Running A Laundromat Right For You Or Not?
If you can see yourself if any of the following scenarios, then you might be a good fit for the laundromat business:
- You want to be your own boss: You want to be the one to call the shots and determine your own future.
- You have people skills: You enjoy being around people and have excellent customer service skills, which means you’ll be great at turning your laundromat into a safe and friendly environment
- You want extra income: You want to make more money, but you also want to have the time and freedom to enjoy the other parts of your life.
But, if you see yourself in any of the following, maybe pass on laundromats:
- You hate handling machines: If you don’t like mechanical maintenance or keeping your laundromats clean, then maybe think of something else.
- You’re an introvert: Tom’s course shows you how to be a people person, but it’s not for you if you like to keep to yourself.
- You don’t have much money: Buying a laundromat takes a bit of money, which might be out of reach for you if you’re pinching pennies.
Sidenote: The success rate of running a laundromat is about 95% with an average ROI of about 20-35%. So if you have the cash to get started, the odds of success are in your favor.
Are There Better Ways To Make Money In 2024?
I think so.
Now, don’t get me wrong. I personally believe that if you want to own your own laundromat business, it’s one of the easiest and most passive ways to make money today.
Although it does take someone to physically go to the location for the day-to-day operations, you don’t have to do it yourself, you can always hire someone to do it for you. It will cost you a little extra, but it frees up your time and you’re able to expand your operations.
On the other hand, you can just as easily accomplish the same thing with something called Digital Leasing.
With Digital Leasing, you’re basically creating multiple money making operations for local businesses where people come to get a service provided to them… but for just a tiny fraction of what it would cost to buy and maintain a laundromat.
I know it may sound a little far-fetched, but click the button below to see why Digital Leasing is my #1 recommendation.
