Laundromat Ownership
Claim This Podcastby Ian Gollahon
Podcast Overview
<p>Welcome to <b>Laundromat Ownership</b>, the podcast for <b>real-world data, inconvenient truths, and actionable insights that can help make your laundromat more profitable</b>.<br /></p><p>Host <b>Ian Gollahon</b> is the co-owner of 3 high-performing laundromats in Oklahoma doing over $2.5 million in revenue, He is also co-founder of Wash-Dry-Fold POS which serves 1200+ laundromats with locations throughout the United States. With a decade of interviewing <b>3,000+ laundromat owners</b>, Ian knows what works and in his words, “What should never be spoken of again”.<br /></p><p>This podcast is focused on providing <b>insightful data, entertaining commentary, and real-world experience of laundromat owners and industry leading professionals.</b></p><p><br /></p>
Language
🇺🇲
Publishing Since
12/16/2025
1 verified contact email on file for Laundromat Ownership
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Recent Episodes
July 23, 2026
Scaling Mega Laundromats in Manhattan with Stephen Gramaglia
<p>Stephen Gramaglia spent 21 years at Eastern Funding watching laundromats succeed and fail before he ever owned one. Then he built CleanFresh Laundromat into four of the largest, cleanest, fully attended stores in the New York City area, and his busiest location now moves thousands of pounds of wash-dry-fold every week.</p><p>Stephen opened his first store in May 2020, in the middle of the COVID shutdown, and went against everything the industry was known for: small, dark, and unattended. He built big, spotless, "bougie" laundromats in densely populated Manhattan and Yonkers and ran them as a premium full-service experience. In this conversation he explains what 21 years of financing laundromats taught him about why owners fail, why undercapitalization is the number one killer, and how he runs high-volume wash-dry-fold across multiple locations without living at the store. He and Ian also get into commercial hardware, the dashboard numbers that drive staffing, tracking employee card usage to catch theft, and building a multi-generational family business.</p><p>What you'll learn:</p><p>• Building large, clean, fully attended laundromats against the industry grain</p><p>• 21 years inside Eastern Funding and what really makes laundromat loans go bad</p><p>• Why undercapitalization is the number one reason new owners fail</p><p>• Running high-volume wash-dry-fold across multiple locations</p><p>• Attendant ownership of every order, from sort to wash to dry to fold to bag</p><p>• Weighing orders in and out to catch missing items fast</p><p>• Why commercial POS hardware beats a cheap laptop at scale</p><p>• Employee theft and the machine start ratio that exposes it</p><p>Timestamps:</p><p>00:00 Introduction</p><p>01:39 Four large NYC laundromats and the "bougie" positioning</p><p>04:27 21 years at Eastern Funding</p><p>08:33 Why laundromat loans go bad: undercapitalization</p><p>14:02 How much cash you really need to start</p><p>14:35 Revenue mix and high-volume wash-dry-fold</p><p>18:00 Operating at scale: systems and accountability</p><p>22:52 Weighing orders in and out to catch missing items</p><p>24:39 Why commercial POS hardware beats a cheap laptop</p><p>31:06 Building the dashboard operators actually need</p><p>34:06 Laundry cards, WashLynx, and tracking card usage</p><p>36:37 Employee theft and the machine start ratio</p><p>39:44 Building a multi-generational family business</p><p>46:15 The craziest things he's seen in his stores</p><p>Ian Gollahon is the co-owner of Liberty Laundry in Tulsa, Oklahoma — three stores, $2.5M in revenue in 2025 — and co-founder of Wash-Dry-Fold POS, the original point of sale system built specifically for laundromats.</p><p><a rel="noopener noreferrer nofollow" href="http://washdryfoldpos.com" target="_blank">washdryfoldpos.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://libertylaundryok.com" target="_blank">libertylaundryok.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://laundromat-ownership.com" target="_blank">laundromat-ownership.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://cleanfreshlaundromat.com" target="_blank">cleanfreshlaundromat.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://easternfunding.com" target="_blank">easternfunding.com</a></p><p></p>
June 30, 2026
Laundromat Valuation: Gross Revenue and SDE
<p>Two numbers tell you almost everything about what a laundromat is worth: gross revenue and SDE. Ian Gollahon breaks down both — what they mean, how they connect, and exactly what belongs in seller discretionary earnings and what does not.</p><p>This is Part 2 of a 4-part series on laundromat valuation, running alongside Ian's ongoing feature in Full Cycle Magazine from the CLA. Part 1 covered the asset sale and the lease. This episode moves to the earnings side: gross revenue as your quick gut-check, and SDE as the number brokers, the SBA, and most buyers actually price a laundromat on.</p><p>You'll learn why laundromats typically sell for one to two times gross revenue, why Eastern Funding often lends on 50 to 70 weeks of revenue, and why you can never make an offer on gross revenue alone. Then Ian walks through SDE line by line — the owner's S-Corp salary add-back, and the difference between the costs you add back and the income you strip out.</p><p>What's covered:</p><p>• Gross revenue: why 1x to 2x is the typical range, and what it hides</p><p>• The Eastern Funding 50 to 70 week rule of thumb</p><p>• Why the SBA recommends SDE for businesses under $5 million in revenue</p><p>• The S-Corp owner salary add-back — the single biggest SDE adjustment</p><p>• What to ADD into SDE: owner salary, unnecessary personal vehicles, trade show and conference travel (Clean Show, Excellence in Laundry), redundant family payroll, lifestyle extras like magazine subscriptions</p><p>• What to LEAVE OUT of SDE: non-operating interest income from cash in an investment account, one-time equipment sales, and cash windfalls like COVID-era city or state grants</p><p>• Why roughly 3x SDE lands you right back at about 60 weeks of gross revenue</p><p>• How SDE differs from EBITDA, and when each one matters</p><p>Timestamped chapters (estimated — verify before uploading):</p><p>00:00 Introduction and Series Recap</p><p>01:30 Gross Revenue: The Big Number</p><p>03:15 The 50 to 70 Week Rule</p><p>05:00 What Gross Revenue Hides</p><p>06:15 SDE: Seller Discretionary Earnings</p><p>07:45 The S-Corp Salary Add-Back</p><p>09:15 What to Add Into SDE</p><p>11:30 What to Leave Out of SDE</p><p>13:15 3x SDE and How the Numbers Line Up</p><p>15:00 What's Coming on EBITDA</p><p>Ian Gollahon is co-owner of Liberty Laundry, a three-store laundromat chain in the Tulsa, Oklahoma area that did $2.5 million in top-line revenue in 2025. He's also co-founder of Wash-Dry-Fold POS, the original point-of-sale system for laundromats, and has spoken with more than 3,000 laundromat owners over the last decade.</p><p><a rel="noopener noreferrer nofollow" href="http://washdryfoldpos.com" target="_blank">washdryfoldpos.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://libertylaundryok.com" target="_blank">libertylaundryok.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://laundromat-ownership.com" target="_blank">laundromat-ownership.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://laundryassociation.org/fullcycle/" target="_blank">laundryassociation.org/fullcycle/</a></p><p></p>
June 16, 2026
Laundry Lockers - New Feature from Wash-Dry-Fold POS
<p>Laundry lockers are one of the most requested features in laundromat software, and Wash-Dry-Fold POS just shipped them. In this episode, Ian Gollahon sits down with Cole Norton, one of the developers behind the new laundry locker system, to break down how it works and why it opens up new ways to make money.</p><p>Cole walks through the full customer experience, from scheduling a locker online through the My Laundry Order app to dropping off laundry at an unattended store after hours. He explains why the system was built to work with any setup, whether you have high-tech smart lockers or just a box with a master lock on it. Ian and Cole also dig into the unattended laundromat angle: how lockers let customers drop off and pick up around the clock without staff behind the desk.</p><p>If you run a laundromat and want to grow drop-off and wash-dry-fold revenue without adding labor, this conversation lays out exactly what the new locker feature does and how to put it to work.</p><p>What you will learn:</p><p>• How the laundry locker system works with smart lockers, simple drop boxes, or anything in between</p><p>• Why lockers make unattended and after-hours drop-off possible</p><p>• How customers schedule, pay, and leave instructions through the My Laundry Order app</p><p>• Why the customer never sees a third-party marketplace, only your branded store</p><p>• How to point customers to your locker page with a website link or a printed QR code</p><p>• Why laundry lockers are included free for all Wash-Dry-Fold POS subscribers</p><p>Topics covered:</p><p>• The new Wash-Dry-Fold POS laundry locker feature</p><p>• Drop box vs. individually numbered lockers</p><p>• Running an unattended or after-hours laundromat</p><p>• Online scheduling and payment through My Laundry Order</p><p>• Branded, marketplace-free customer experience</p><p>• Growing pickup and delivery and wash-dry-fold revenue</p><p>Chapters:</p><p>00:00 Cold open</p><p>00:57 Welcome and introductions</p><p>01:58 Why laundry lockers, and how AI tools made it possible</p><p>02:50 Do you need a specific brand of locker?</p><p>04:04 Drop box vs. individual lockers</p><p>05:27 Running an unattended laundromat with lockers</p><p>07:37 The customer drop-off experience</p><p>09:04 Using lockers with or without the online app</p><p>09:39 Website links and QR codes</p><p>10:54 A branded experience with no third-party marketplace</p><p>11:28 How many lockers can you add?</p><p>13:52 Included free for all subscribers</p><p>14:10 Cole on tech support and customer feedback</p><p>15:15 Development hours and the AI advantage</p><p>16:13 Wrap-up</p><p>Hosted by Ian Gollahon, co-owner of Liberty Laundry in Tulsa, Oklahoma and co-founder of Wash-Dry-Fold POS, the original point of sale system built for laundromats.</p><p><a rel="noopener noreferrer nofollow" href="http://washdryfoldpos.com" target="_blank">washdryfoldpos.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://libertylaundryok.com" target="_blank">libertylaundryok.com</a></p><p><a rel="noopener noreferrer nofollow" href="http://laundromat-ownership.com" target="_blank">laundromat-ownership.com</a></p><p></p>
18 total episodes available
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Frequently asked questions
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- What is Laundromat Ownership?
<p>Welcome to <b>Laundromat Ownership</b>, the podcast for <b>real-world data, inconvenient truths, and actionable insights that can help make your laundromat more profitable</b>.<br /></p><p>Host <b>Ian Gollahon</b> is the co-owner of 3 high-performing laundromats in Oklahoma doing over $2.5 million in revenue, He is also co-founder of Wash-Dry-Fold POS which serves 1200+ laundromats with locations throughout the United States. With a decade of interviewing <b>3,000+ laundromat owners</b>, Ian knows what works and in his words, “What should never be spoken of again”.<br /></p><p>This podcast is focused on providing <b>insightful data, entertaining commentary, and real-world experience of laundromat owners and industry leading professionals.</b></p><p><br /></p> - How often does this podcast release new episodes?
This podcast updates daily.
- Where can I listen to this podcast?
This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
- Does this podcast accept guests?
Yes, this podcast regularly features guests.
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