EP 103: Double Profits In Fickle Times with Operational Efficiencies with Sam Wilson
In this episode, we have the pleasure of diving into the world of real estate investment with the insightful Sam Wilson, founder of Bricken Investment Group. Sam reveals the secrets of achieving double profits in fickle times through operational efficiencies. He shares his fascinating journey of discovering the untapped potential within RV Resorts and laundromats as lucrative investments. We explore the impact of modernizing laundromats, the benefits of tethering businesses to real estate, and the exciting expansion plans for Sam's portfolio of stores.
Sam shares Bricken Investment Group's five-year plan to open 50 stores and explains how he's exploring financing options with larger sponsors. With insightful wisdom and practical tips, this episode can help you multiply your profits even in fickle times. Join us as we uncover the secrets to success in these niche asset classes and gain valuable insights into the world of real estate entrepreneurship. Let's dive in!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Introduction of Sam Wilson, founder of Bricken Investment Group
Converting old laundromats into cashless operations
Acquiring real estate and the business together
Example of a recent retail strip center purchase
Benefits of leasing space instead of purchasing the building outright
The ability of laundromats to resist inflation and easily reprice stores
Features of Sam’s laundromat business
Challenges faced by mom-and-pop campgrounds and potential improvements
How Sam’s Laundromat store in Memphis became successful and received the highest ratings
Motivations from growing up in poverty and desire for financial stability
The resilience of laundromats during economic downturns
Company's five-year plan to open 50 stores and potential acquisitions in progress
Challenges in finding upfront capital and syndicating smaller dollar amount investments
Seeking to present a portfolio of stores to investors and exploring financing options with larger sponsors.
Tweetables:
“I see even more meat on the bone and opportunity for us inside the Laundromat space than even I do inside of the RV resort space. And so really, just going bananas in the Laundromat space.” –Sam Wilson
“That's one of the reasons I love the laundromat space. It's inflation-resistant proof. I can reprice my stores like a gas station right here from my cell phone.” –Sam Wilson
“This is a business that does well in both economic good times and economic bad times. And actually, we do better when the economy does worse because more people come and start using Laundromats.” –Sam Wilson
Resources
Bricken Investment Group website
Bricken Investment Group on Facebook
How to Scale Commercial Real Estate Podcast
About Sam Wilson
Sam’s weekly podcast, How to Scale Commercial Real Estate, is rated in the top 1% worldwide, has 40K+ monthly downloads, and boasts nearly 800 episodes with industry influencers. He’s been an active investor for more than a decade in self-storage, parking, multi-family properties/apartments, single-family homes, RV Resorts, and laundry facilities. Sam also has a diverse background in business ownership and management, allowing him to participate in a variety of asset classes. His focus now is solely on the laundry facility space for his personal and investors’ portfolios. He holds a Bachelor’s degree in business finance from the University of Memphis and holds a real estate license in Tennessee. Sam is married with 3 children and resides in Memphis, TN.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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