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Tyler Purcell - Laundry & Finance
@TylerPurcell24
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Sharing insights while building a $1B wealth management firm and a $100M laundromat biz│ Head of Growth - Balance Wealth │ Co-founder of The Laundry Spot.
Cincinnati, OH
Joined July 2011
The books are reconciled for 2023. Another record year for The Laundry Spot! I’ll break it down below 👇🏻 Revenue - $2,948,686 NOI - $1,075,904 Top 3 expenses: Labor - $654,608 Utilities - $273,836 Marketing - $86,393 A few notes: Labor includes a GM and 2 AGMs. We all have full time jobs. If you wanted to owner operate, you could add back in $150,000 to the bottom line. Our newest store has only been open for 14 months. Stores take about 2-3 years to mature. Revenue and margins will be even better 2024+ Time to start looking for our next spot.
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@CarolWalshReal1 @isaacfrench_ We have a little bit of everything! And Midwest people are the nicest!
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@kevinasrx Tons of great info in here! Too many people get paralysis by analysis with fitness. There is no perfect formula, just move!
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@AllyTaft My wife is currently the last one standing (for some reason this always seems to be the case haha). Us men are wimps when it comes to sickness. The man-flu is real. Thanks for the well wishes!
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@TS_Secrets Unfortunately I’ll have to stick to the usual remedies for my 2 and 4 year old haha
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