Chip Gaines: College laundry service profited from 20-30% unused subscriptions
Chip Gaines · Magnolia: Chip & Joanna Gaines. From House Flipping to Household Name · Oct 20, 2025 · at 9:16
Chip Gaines discusses the business model of the prepaid laundry service he ran while attending Baylor University in the 1990s.
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“The profit actually came from 20 or 30% of those kids buying those 199 dollar plans and never showing up one time.”
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