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Owned by Lester

Build wealth through laundromat ownership. Learn location strategy, funding, operations & scaling with Spin King.

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65 contributions to Spin King Laundry Inner Circle
🚨 Progress Check – Inner Circle
👑 Inner Circle Progress Check Hey Inner Circle family, Quick check-in… Which module are you on right now? Drop your module number below 👇(Example: Module 1, 2, 3, etc.) The laundromat industry is growing fast. Industry reports show that nearly 11% of laundromat owners opened new stores or planned new openings in 2025. That means people all across the country are: ✔️ Buying existing laundromats ✔️ Building brand-new stores ✔️ Creating real businesses and cash flow for their families And the truth is… This can be YOU next. 👑 Whether you’re on Module 1 or Module 9, every step forward matters. Most people never even start. You already did. I’m asking because I want to: ✔️ Support you better ✔️ Answer your questions ✔️ Help you move forward faster If you haven’t started yet, no pressure at all, just comment: “Starting Today” 🔥 Let’s build something real together
🚨 Progress Check – Inner Circle
0 likes • 3h
Nice, Tinisha! 👑 Module 4. that’s where things start getting REAL You’re getting into the part where most people begin to see how this actually turns into a profitable business, not just an idea. Stay locked in on this section because:👉 This is where your understanding of layout, equipment, and profit strategy really starts to come together👉 This is what separates a regular laundromat from a high-performing one Quick question for you… What’s been the biggest takeaway for you so far from the course? 👇 Keep going… you’re building momentum now. No stopping 🚀
Build Something Nobody Can Take From You
This is exactly why I tell people… NEVER depend on just ONE source of income. A job can be a blessing. But a job should never be your ONLY plan. Companies downsize. Economies change. Policies change overnight. And unfortunately, sometimes good hardworking people are left trying to figure things out with little to no warning. That’s why I’m so passionate about ownership. Not because entrepreneurship is easy… But because having something of your OWN changes everything. A laundromat gave me an opportunity to build: ✔️ Cash flow ✔️ Freedom ✔️ Generational wealth ✔️ A business my family can benefit from long after me And the beautiful thing about business ownership is this: You don’t get “laid off” from your own dream. That’s one reason I created the 👑 Spin King Inner Circle and the 📘 Spin King Laundry Blueprint™ www.spinkingacademy.com To help ordinary people learn a real business model that can create real income. I’m not saying laundromats are the only answer. I’m saying EVERYBODY needs a backup plan, a side hustle, an investment, or a business they can build. Because in today’s world… depending on one income source alone is risky. If you’ve been thinking about ownership… This may be your sign to finally move. Join my FREE community: 🌐 SpinKingInnerCircle.com And if you’re serious about learning the laundromat business step-by-step, the course is available now for over 50% OFF while spots last. Your future deserves more than survival. Build something you OWN. 👑
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Build Something Nobody Can Take From You
🚨 Welcome New Members Alert... Let’s Get You Started!
Welcome, Shelly and Martina to the Spin King Laundry Inner Circle by Spin King Academy 👑🔥 If you’re here, it means you’re serious about building income and changing your situation. Let’s get you moving the RIGHT way… Drop this in the comments 👇🏾 1️⃣ Where you’re from 2️⃣ Your current stage (Researching / Ready to start / Already own) 3️⃣ Your goal (Passive income / Quit your job / Build wealth) 💡 I’ll personally respond and guide you based on where you are. 🔥 BONUS: If you’re serious about getting started TODAY… Comment:👉 I’M READY TO MAKE $IX FIGURES I have something special for you.
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🚨 Welcome New Members Alert... Let’s Get You Started!
Building vs Buying a Laundromat - The Real Breakdown
People always ask me: Should I build from scratch or buy an existing laundromat? After reading this, post which way you would go and why? Here's the real answer others won't tell you. Both paths can lead to six figures. But they are NOT created equal and the wrong choice without the right knowledge can cost you big. 🔨 BUILD FROM SCRATCH You're starting with a blank canvas. Full control from day one — your layout, your brand, your equipment. But you're also taking on more capital, more time, and more risk before you ever see dollar one. You'll need to secure a location, negotiate a lease, handle construction and buildout, purchase machines, get permits, and launch your marketing all before a single customer walks in. The upside? Everything is new, under warranty, and built YOUR way. 🛒 BUY AN EXISTING LAUNDROMAT On the surface, this looks like the "easier" path, less capital, existing customers, cash flow from day one. And it CAN be. But here's what most people won't tell you: ⚠️ Due diligence is EVERYTHING when buying existing. Why? Because you could literally be buying someone else's problems. Here's what to watch for: 🔴 Old or failing equipment — If those machines are 10-15+ years old, you may be walking into a retool situation. Replacing commercial washers and dryers is expensive. We're talking tens of thousands of dollars. That "deal" can turn into a money pit fast. 🔴 Inflated revenue numbers — Sellers report what they want you to see. Always ask for tax returns, not just their word. 🔴 Bad lease terms — If the landlord can raise rent or not renew, your cash flow disappears overnight. 🔴 Deferred maintenance — Plumbing issues, electrical problems, drainage — things you can't see on the surface that show up the moment you take ownership. 🔴 Poor reputation in the community — A laundromat with bad reviews and a broken customer base takes time and money to repair. The bottom line? ✅ Build from scratch = More capital, more control, more time to profit ✅ Buy existing = Faster cash flow potential, but only if your due diligence is thorough
Building vs Buying a Laundromat - The Real Breakdown
0 likes • 9d
That’s a smart angle, Lynn 💯 Focusing on the hookup (infrastructure) side of an existing laundromat is actually how a lot of experienced investors play it. Because if the plumbing, gas, electric, and layout are already solid, you’re stepping into the hardest and most expensive part being done. 👉 That’s where the real value can be. Then like you said, you can come in and: • Upgrade the system • Re-tool the equipment • Modernize the store • Improve the customer experience And turn it into a higher-performing location. But this is where people still have to be careful… Even if the hookups are there, you still want to verify: ✔️ Capacity (can it handle newer, larger machines?) ✔️ Condition of lines (older plumbing can become a hidden expense) ✔️ Electrical load (especially if upgrading to modern equipment) ✔️ Venting and drainage setup Because sometimes what “looks good” on the surface can still need work behind the scenes. And your point about software is big too… 👉 The right system will help you track performance, pricing, usage, and give you real data to grow not just guess. We’ll definitely go deeper on this when we talk. And for anyone else reading this… 👀 This is a great example of how you don’t always have to start from scratch you can buy the foundation and build it better. Looking forward to that call, Lynn. You’re thinking in the right direction 👑
🧠 What Is Your Laundromat Goal?
One of the things I’ve learned in business is that clarity creates momentum. So I want to ask everyone here a simple question: What is your laundromat goal? Are you looking to: 1️⃣ Open your first laundromat 2️⃣ Buy an existing laundromat 3️⃣ Add laundromats to your investment portfolio 4️⃣ Build multiple locations 5️⃣ Create a semi-passive income business Everyone here is at a different stage of the journey, and understanding your goal will help me provide the best guidance and resources for the community. Drop a comment below and share: • Your goal • Your location • Your biggest challenge right now I’ll be jumping into the comments to give feedback and help where I can. Let’s build something great together. 👑 Lester Norton, Founder Spin King Laundry Spin King Academy
0 likes • 10d
Great question, Jasmine Short answer… yes, but not in the way most people think. Business credit by itself usually isn’t enough to fully fund a laundromat, especially starting out. Most lenders want to see: 👉 some personal guarantee 👉 or a track record with your business But here’s where it does work: You can use business credit as a piece of the puzzle, not the whole solution. For example: ✔️ Equipment financing (a lot of distributors help structure this) ✔️ Combining business credit + personal credit ✔️ Bringing in a partner or small investor ✔️ SBA or bank financing once you’re positioned correctly I’ve seen people get into laundromats without paying everything out of pocket, but it’s about how you structure the deal, not just relying on one funding source. That’s actually one of the biggest things I break down how to get in even if you don’t have all the capital upfront. Let me ask you this… Are you looking to build from scratch or buy an existing laundromat? That answer will determine the best way to approach funding 👇
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Lester Norton
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@lester-norton-8344
Lester Norton | CEO of Spin King Laundry. Laundromat owner, author, and mentor helping others build profitable laundry businesses.

Active 3h ago
Joined Feb 27, 2026
Atlanta, GA