Are you an "Entrepreneurial Nerd" or even just a passionate small business person trying to learn the ropes? If so, this show may be perfect for you. On the Laundromat Millionaire Show, we discuss everything Business, the good, bad and ugly lessons that we've learned. Things we've learned from our success and also from our failure and the growth that occurs when we truly seek it out! Episodes feature Co-host and published Author, Dave "Laundromat Millionaire" Menz along with his wife and sidekick in life, Carla Menz. Dave & Carla share their personal journey in a very transparent and authentic way while also interviewing awesome Entrepreneurs with a goal of pulling their secrets to success out to share with the audience. Simply put, there are no limitations to where Dave & Carla will go in order to Encourage, Inspire and Motivate their audiences to reach the pinnacle of your capabilities and they may even challenge you to push beyond what you thought is possible in your life. Want to be a guest on the show? Email dave@laundromatmillionaire.com
In this episode of the Laundromat Millionaire Show, Carla Menz, Brett Lyon, and James discuss the transformative impact of AI on the laundromat industry. They delve into the development of a premium AI call center, emphasizing the importance of customization, accuracy, and customer service. The conversation highlights the journey of AI engineering, the challenges faced in implementation, and the future potential of AI in laundromats. A live demo showcases the capabilities of the AI call center, demonstrating its ability to handle customer inquiries efficiently and accurately. The episode concludes with a call to action for laundromat owners to embrace AI technology to stay competitive in the evolving market.AI, Laundromat, Call Center, Customer Service, Automation, Technology, Digital Marketing, Innovation, Business Solutions, CustomizationReferenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.htmlDemo AI Call Center Number: +1-513-951-3894Timestamps00:00 Episode 99 Intro to AI in Laundromats01:48 Meet James: The AI Engineer 05:00 The Evolution of AI Services07:28 AI Call Center: A Game Changer13:04 Building a Knowledge Base for Success add 2.4214:07 Challenges and Solutions in AI Implementation23:43 Live Demo of the AI Call Center28:36 Voice and Language Customization in AI Services32:22 AI Call Center Efficiency and Accuracy42:26 Integration with POS Systems45:39 Turnaround Time for AI Call Center Orders49:53 Addressing Fears and Misconceptions about AI 54:47 Additional AI Services to be Revealed1:00:29 Call to Action and Future Opportunities
Conferences, Workshops, Webinars, Q&A's... What's the difference between them? Are they worth your time & money? In this episode of The Laundromat Millionaire Show, Dave & Carla decode the differences between all of the networking and educational opportunities in the laundry industry, detail what to expect and help you decide if it's the right fit for you. Also, don't miss details on their New Live Events Calendar to help you stay up to date on all things laundry industry!Referenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.comCXPerks: https://www.cxperks.com/Our Events Calendar:Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.htmlCoin Laundry Association Events: https://laundryassociation.org/events/Laundry CEO Forum: https://www.laundryceo.com/Eastern Funding Events: https://www.easternfunding.com/Daniels Equipment Company Events: https://danielsequipment.com/#eventsWestern State Design Dexter Seminars: https://news.westernstatedesign.com/dexter-service-seminars-learn-from-the-experts/Timestamps0:00:00 Episode 98 Intro0:05:05 The Clean Show – the laundry industry's biggest event, what to expect, & why to go0:17:29 Conferences Defined0:18:43 Excellence in Laundry Conference0:30:23 The WDF Conference0:35:19 The Laundry CEO Forum and Curbside Conferences0:42:51 One-Day Events – Trade Shows, CLA Connect and Eastern Funding Workshops0:53:43 The Laundromat Millionaire WDF & Delivery Workshop1:02:27 Online Opportunities – Webinars, Q&A's, Virtual Events1:05:20 How to Add Events to the LM Events Calendar & Closing Remarks
Connecting with a top distributor can be a vital element of your laundromat journey. Adam Heldman, owner of H-M Company is one of the best and joins Dave & Carla with not only tips on finding a great distributor, but what their role should be and how best to connect with them. Additionally, as the company behind the best drain troughs in the industry, we learn a bit about them as well! Don't miss this episode!Referenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.comEastern Funding: https://www.easternfunding.com/Our Guest: Adam Heldman: https://hmlaundryequipment.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.htmlTimestamps00:00 Episode 97 Intro03:02 Dave's Backstory with H-M Company and Adam Heldman06:16 Why Adam Acquired H-M Company and Pursued a Laundry Equipment Distribution Company10:23 Networking among the Laundry Industry14:00 Purchasing Customized H-M Drain Troughs17:22 How Does the Laundry Distributor Network Work? Area & Brand Exclusivity19:31 H-M Company Service Area20:40 How the Distributor Network Evolves25:41 Adam's Thoughts on the Role of a Distributor32:04 Variability in Equipment Pricing37:43 Serving Competing Laundromats41:22 How to Get a Great Distributor43:46 Why We Need Drain Troughs47:24 Sizing Drain Troughs49:33 Preventing Smells from Drains51:36 H-M Drain Troughs Durability and Life Expectancy53:32 Upcoming Events56:50 Closing Remarks & Contact Info
Raise Revenues - Boost Profitability - Gain CustomersLearn how to do all this and more without adding additional locations or equipment. In this episode of The Laundromat Millionaire Show, Aaron McLean of mClean Laundry in Detroit, Michigan shares his story on how he used the new competition in his market as an opportunity to pivot his strategy to reach more customers. This allowed him to transform his laundry business from a struggling side hustle into a thriving, multi-location, modern laundry chain. Follow as Dave & Carla Menz explore his journey and reveal the lessons he's learned along the way.Referenced Links: Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.comCXPerks: https://www.cxperks.com/Our Guest: Aaron McLean: https://www.mcleanlaundry.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.htmlSpeed Queen Pay App: https://speedqueenlaundry.com/app/Timestamps0:00:00 Episode 96 Intro0:03:15 Aaron's Start into the Laundry Industry0:08:08 Retool or Sell?0:10:51 New Competition in the Market0:17:05 WDF Strategies for a Small Store0:24:23 A Retool's Impact on Revenue0:25:47 Equipment Mix0:28:11 Flooring Recommendations0:32:49 Opening a 2nd Bigger Location0:39:22 New Store's Effect on 1st Location0:40:53 Growing Drop-Off Service0:42:36 Equipment Mix and Layout of 2nd Store0:48:23 Aaron's Future and the Availability of Laundromats in the Market0:55:30 Building a Team0:58:48 Employee Bonus Structure1:00:05 Current Pickup & Delivery Volume1:04:35 Advice for Newbies1:07:11 Closing Remarks & Contact Info
What does it take to be successful in the laundry industry? More than just a great facility and a high-quality product, you must have the web presence for customers to see those offerings! At CleanCloud, co-founders John Buni & David Griffith-Jones work hard to create a software system that can help you get there. In this episode of The Laundromat Millionaire Show with Dave & Carla Menz, learn about the services CleanCloud can offer your laundry business and what we all see for the future of our industry.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comEastern Funding: https://www.easternfunding.com/Our Guests: CleanCloud: https://cleancloudapp.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.htmlSeinfeld clip: https://www.youtube.com/watch?v=KYyzm5AlovAJetsons clip: https://www.youtube.com/watch?v=1pphyvgd7-kFolding Machine clip: https://www.youtube.com/watch?v=C76osXtpLeMOpen Source graphic: https://hackr.io/blog/what-is-open-source-softwareTimestamps0:00:00 Episode 95 Intro0:03:07 Backstory of CleanCloud0:08:07 Evolving from POS to Delivery too0:09:58 Services CleanCloud Provides0:13:31 Software Development & Attainable Marketing Strategies0:21:33 Support Provided to CleanCloud Customers0:24:57 Website Creation0:27:25 Pricing Structure of CleanCloud0:29:04 Biggest Differentiator – International0:33:58 Training Opportunities on the Software0:38:56 Ability to Integrate with Self Service Machines0:43:12 Thoughts on Open Source Software0:50:28 Advice for Store Owners1:02:32 The Future of the Industry1:06:01 Closing Remarks & Contact Info
How many machines? What sizes? Folding tables? Aisle Size? The questions never end when creating the optimum store layout for your laundromat! In this episode of The Laundromat Millionaire Show, Dave & Carla share their insight on how to answer all of these questions based on the constraints within your location. Learn how to assess and create proper throughput and optimize the overall customer experience to make your store "uncompetable"!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Machine Stickers & Store Signage: Store Signage Archives - Laundromat MillionaireTimestamps0:00:00 Episode 94 Intro0:01:53 Our Backstory of Retooling0:02:58 Creating Proper Throughput0:05:51 More Equipment Does NOT Equal More Revenue0:10:59 Ideal Aisle Size0:14:10 Deciding Machine Mix – Washers0:27:20 Deciding Machine Mix – Dryers0:34:24 Machine Placement0:44:21 Cart Type & Amount0:46:26 Seating Types & Placement0:48:43 Folding Tables Type, Size, Number & Placement0:50:40 Advice for the Attendant Counter0:55:42 All About Restrooms1:00:07 Kid's Areas Recommendations1:04:43 Storage Needed1:05:13 Final Thoughts
Starting a small business & don't have the budget for a big marketing campaign?? That's just where design experts Beau & Liz Perra found themselves with the launch of their laundry delivery service, Lotta's Laundry. In this episode of The Laundromat Millionaire Show, learn about the guerrilla marketing strategies they implemented, which ones worked, which ones failed, and advice on how to build your brand in your community on a minimal budget.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Advertiser: Magazine Jukebox: https://magazinejukebox.com/Lotta's Laundry Service: https://www.lottaslaundry.com/Lotta's FB: https://www.facebook.com/people/Lottas-Laundry/Lotta's IG: https://www.instagram.com/lottaslaundry/Beau & Liz IG: https://www.instagram.com/beauandliz/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Canva: https://www.canva.com/Timestamps00:00 Episode 93 Intro02:14 Beau & Liz's Journey into the Laundry Industry07:27 Being seen as a Commodity vs the Value of your Service11:04 The Competitive Landscape & Preconceived Notions11:41 First Steps of Starting the Laundry Service15:20 Cheap Marketing Techniques19:25 Using Social Media to Connect through Your Story23:27 The First Orders25:36 Business Operations Six Months In26:46 Plans for the Future of the Business29:04 Pricing Structure33:09 Budget Marketing Strategies Successes and Failures41:48 Final Thoughts and Contact Info
Free laundromats are hard to find, but can be a great way to break into the industry. But are they really free?? In this episode of The Laundromat Millionaire Show, Tim Richardson shares his "free laundromat" story and the real costs that went into creating his amazing new store.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comTim's Facebook: https://www.facebook.com/LASDRICHThe Deluxe Laundry Spa website: https://deluxelaundryspa.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Torrance Memorial Hospital: https://www.torrancememorial.org/Dave's Book on Amazon: https://www.amazon.com/Laundromat-Millionaire-Grit-Elevate-Industry/Hubspot: https://www.hubspot.com/products/Beyond Scared Straight TV Show: https://www.imdb.com/title/tt1707374/Timestamps0:00:00 Episode 92 Intro0:02:50 Tim Richardson's Journey into the Laundry Industry0:15:13 Researching the Industry and Finding the right Laundromat to Buy0:23:44 Understanding Working with Brokers0:26:21 The Quality of Laundry Industry Resources0:38:29 Focusing on Your Desired Customer0:43:57 Initial Costs on a “FREE Laundromat”0:45:33 Timelines and the Transformation0:49:28 Total Cost of Project0:52:10 Lessons on Store Layout 0:54:28 Shift from Commodity to Service Focus0:55:08 The First Day Open and Growth from there1:00:03 Final Thoughts and Contact Info
Can one small laundromat be enough to afford you the lifestyle you dream about? It has for Daniel Logan, owner of Columbia Pike Laundry in Arlington, WV. In this interview with Dave and Carla, learn how he turned a 700 sq ft laundromat into a million dollar business that gives him the flexibility so many crave. Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comDaniel's LinkedIn: https://www.linkedin.com/in/dh-logan-a54273195Daniel's Youtube: https://www.youtube.com/@chieflaundryofficerColumbia Pike Laundry website: https://www.columbiapikelaundry.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Clean Cloud Software: https://cleancloudapp.com/The E-Myth: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280Timestamps00:00 Episode 91 Intro02:50 Daniel Logan's Journey into the Laundry Industry8:27 The Store Make-up & Challenges Faced in the Early Days17:31 Building a Successful Team and Operations21:29 Overcoming Size Constraints of a Small Laundromat30:08 Logistics of Pickup and Delivery Services39:55 How it's a Million Dollar Business in Only 700 sq ft45:27 Building Systems and Processes for Efficiency47:52 The Balance Between Technology and People51:37 Navigating Complexity in Business Growth55:33 Transformational Insights from the E-Myth58:21 Community and Collaboration in the Laundry Business
What's essential for creating a scalable business? What resources can help you find success more quickly? In this episode of The Laundromat Millionaire Show, Justin Clark, VP of Business Solutions at EVI Industries, joins Dave and Carla to discuss such hot topics as the role of a leader, the reasons for a distribution network, and the essential first steps in buying a laundromat. Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comJustin's LinkedIn: https://www.linkedin.com/in/vpofsalesexecutivecoach/EVI Website: https://www.evi-ind.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Timestamps00:00 Episode 90 Intro03:13 Justin's Journey into the Laundry Industry05:20 The Value of Distribution Experience07:29 Shifting Perspectives in the Industry11:00 Collaboration Over Competition14:41 The Importance of Sharing Best Practices 17:23 Understanding the Role of Distributors 22:00 Why Distributors Are Necessary24:47 Data-Driven Distribution27:38 The Importance of Communication Among Distributors30:13 Types of Distributors and Their Impact34:51 The Challenges of the “Partnership Distributor” Type36:21 The Importance of Systems and Capital for Growth37:58 Challenges to Scaling Your Laundry Business39:50 Leadership and Team Building Strategies42:52 Empowering Employees and Decision-Making48:54 Knowing Your Leadership Philosophy53:14 Key Steps to Getting a Your First Laundromat 57:36 Closing Remarks
Whether buying or building, laundromats are a big investment! Luckily, there are many options out there to help you finance that investment and start you on your entrepreneurial journey into the laundry industry!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Eastern Funding: https://www.easternfunding.com/Alliance Financing: https://distribution.alliancelaundry.com/finance/Prime Capital Financing: https://www.goprimecap.com/laundry-financingImage: https://helloskip.com/blog/sba-express-loansImage: https://www.fptransitions.com/blog/lending-for-successors-what-advisors-need-to-knowLM Episode with Mike Fingers: https://youtu.be/35Od9WsLHD8LM Episode on SanOWash: https://youtu.be/uba2xsLJh_ELM Episode on Perfect Pour: https://youtu.be/LTz_7kC-vgQCodie Sanchez Podcast: https://www.youtube.com/@PodcastBigDealTimestamps00:00 Episode 89 Intro00:41 Spotlight – Black Friday Sales Events02:20 Episode's Focus03:27 Good Debt vs Bad Debt and Consumer vs Business Debt10:21 Assessing the Risk of the Debt12:16 Lender Type #1: the SBA19:54 Lender Type #2: Conventional Loans31:53 Lender Type #3: Industry-Specific Loans40:42 Our History of Equipment Loans & Renovations44:24 Lender Type #4: Seller Financing 45:06 The Art of Negotiation47:15 Buying & Selling Laundromats52:43 Our History of Seller Financed Deals58:44 Closing Remarkswww.FranchiseResaleReady.comBuy or Sell An Existing Franchise Business
Tired of lint and dust covering everything inside and outside of your stores? Finally, a revolutionary product for the laundry industry to combat the never-ending problem of lint! Craig Madson, VP of Marketing and Innovation at Alliance Laundry Systems, joins the Laundromat Millionaire Show to share with Dave & Carla their newest innovation - ProCapture. Learn how this product works, the outcome you can expect, the life cycle, the availability, the maintenance, and much more. Don't miss this episode as you decide is ProCapture the solution you've been searching for? Referenced Links: ProCapture Website: https://speedqueencommercial.com/en-us/procapture/Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Huebsch Command System: https://huebsch.com/command/Timestamps00:00 Episode 88 Intro00:56 Spotlight – LaundroBoost's AI Chatbots02:05 Craig's role with Alliance Laundry 05:13 Can Dryers be RetroFit with ProCapture?07:24 The Innovation Process09:41 Why Do We Need ProCapture? What does it do?13:42 How was ProCapture developed?18:21 What percent of lint is captured?19:32 What machines are available with ProCapture?22:39 What's the added cost?26:14 Eliminate instead of capturing the lint?27:49 Why pay extra for ProCapture? Are there measurable benefits?32:27 Decreases to Maintenance and Cleaning Costs & Time36:29 How does ProCapture Technology actually work?39:14 Maintenance and Cleaning40:49 LifeCycle of the ProCapture System45:48 Machine Footprint47:58 Customer Feedback on ProCapture so far50:28 Faster Dry Times? Utility Savings?53:30 Call to Action – Sharing Ideas for Innovation & Improvement
Dave does NOT hate commercial accounts! We just need to redefine how the industry refers to the various types of laundry delivery customers. In this episode of The Laundromat Millionaire Show, Dave & Carla discuss the 4 types of delivery customers and how to bid those accounts for both growth and profits.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Timestamps0:00:00 Episode 87 Intro0:01:03 Clearing Up a Misunderstanding0:03:58 Our Background & Perspective0:06:38 Our 4 Priorities in Starting Laundry Delivery Services0:12:20 Customer Type 1: Residential0:22:57 Customer Type 2: Small Business0:27:29 Customer Type 3: Industrial0:32:49 Customer Type 4: “True” Commercial0:36:48 Bidding Commercial Accounts0:40:25 The 6 Areas to Find Potential Savings0:51:22 The 1 Area that Adds to the Price0:53:55 Starting with a Trial Rate0:1:01:10 Closing Thoughts
Just building an amazing laundromat isn't enough to create a successful business and Drew Boggs learned this the hard way. After a failed partnership, he was left with a chain of 4 floundering laundry businesses. With the help of his daughter, Leah and her ambitious dive into the industry, they've been able to turn these businesses around. Learn how they did it and valuable advice for other newbies entering the laundry industry!Referenced Links: Laundry Unlimited website: http://www.laundryunlimited.netGuest Instagrams: @theleahboggs or @laundryunlimitedncGuest LinkedIn- @leah-boggsOur Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Huebsch Command System: https://huebsch.com/command/Vendrite Vending Systems: https://www.vendrite.com/Our Community Membership: https://laundromatmillionaire.com/memberships/Timestamps00:00 Episode 86 Intro01:47 Introducing Drew & Leah Boggs06:41 Building 4 Laundromats09:49 Becoming Your Own General Contractor12:11 Building Great Laundromats but Operations Lacking20:25 Pricing Your Machines27:06 Falling in love with the Laundry Industry29:23 Turning the Business Around with New Management30:35 Changing the Leadership36:34 Steps to Turn the Business Operations Around43:14 Advice for Newbies to the Laundry Industry56:52 What's Next for Laundry Unlimited?
Everyone's talking about AI, but how can we use it to better reach and serve our customers? Brett Lyon, CEO of LaundroBoost and Courtney Farrell, COO, join us to talk about how business owners in the laundry industry or any industry can take advantage of AI platforms and even cut down on customer service time and costs. Learn about new product offerings through LaundroBoost, but also how you can improve your platform on your own to better reach customers.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesMagazine Jukebox podcast: https://youtu.be/adD1npPlpO4Episode introducing LaundroBoost: https://youtu.be/PxbmxlsWcOwClean Show 2025: https://the-clean-show.us.messefrankfurt.com/us/en.htmlWDF Conference 2025: https://www.coinlaundry.org/wdf/ChatGPT: https://openai.com/chatgpt/Gemini: https://gemini.google.com/Customer Service podcast: https://youtu.be/sUDTaXwukEkFree LaundroBoost resources: https://resources.laundroboostmarketing.com/Timestamps0:00:00 Episode 85 Intro0:02:36 Update on over a year with LaundroBoost Marketing0:11:32 Upcoming Events to Learn More 0:12:21 AI for Business – Utilizing ChatGPT, Gemini, Copilot, and similar AI writing platforms0:20:29 AI for Customer Service – Utilizing Chatbots on your website0:26:51 AI Chatbots versus Regular Chatbots0:37:09 How Important is Your Google Business Profile? How Can We Improve It?0:40:38 How Does the GBP Booster Work?0:46:30 Boost your GBP on your own0:48:54 Ways to get more Google Reviews0:51:18 Help for Managing Negative Reviews0:59:27 Free Resources from LaundroBoost
Laundromats are more than just a room of machines that wash and dry clothes! As more pop up in communities all across the world, what will make customers want to choose yours? In this episode of The Laundromat Millionaire Show, Dave & Carla share their tips for elevating the customer experience in your store - it could be the difference in whether those customers come through your door or the laundromat down the street!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comProduct Spotlight: 2024 Laundromat Millionaire Elevate Award: https://laundromatmillionaire.com/elevate-award/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Insurance podcast: https://youtu.be/yxhfb558joAJordan Berry podcast: https://youtu.be/gFLpgdWBPe0Hydro podcast: https://youtu.be/LTz_7kC-vgQPricing self-Serve podcast: https://youtu.be/BW1YjppHlVkMagazine Jukebox podcast: https://youtu.be/adD1npPlpO4Timestamps0:00:00 Episode 84 Intro0:01:27 Spotlight: The 2024 Laundromat Millionaire Elevate Award0:02:30 The Laundromat Millionaire Show Intro0:04:13 Why Spend Time, Money & Effort on Customer Experience?0:07:47 The 4 Silos of Customer Experience0:11:33 Making Your Store Safer for Customers – Security Cameras, Lighting, Layout0:20:12 Making Your Easier for Customers to Use – Location, Doors, Carts, Machines, Payments, 0:39:44 Improving Your Customer Service – Attendants and Training0:50:17 Amenities You Can Add to Your Store to Increase Value to Customers01:04:11 Closing RemarksThe Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.Listen on: Apple Podcasts Spotify
When adding Wash-Dry-Fold & Delivery to your laundromat, how do you know when you've outgrown your facility? What can you do to avoid affecting your self-serve customers? For Ayad Mirjan, his answer was simple, expand across the street! In this interview with Dave & Carla Menz, learn how Ayad expanded his delivery brand OrangeBag by adding a separate processing facility and even licensing his brand to other nearby owners. Ayad shares his tips for other owners and even shares his experience in becoming the only Green-Certified Laundry Delivery Service in Southern California!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comProduct Spotlight: WDF & Delivery Dynamics Handbook: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Orangebag website:The Laundry House Website: https://www.laundryhouse.la/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/BizBuySell: https://www.bizbuysell.com/BizBen: https://www.bizben.com/Speed Queen Equipment: https://speedqueen.com/Cents: https://trycents.com/LaundroWorks: https://laundroworks.comTraction by Gino Wickman: https://www.eosworldwide.com/traction-bookContinental Equipment: https://gnalaundry.com/Foltex Folder: https://www.foltex-usa.com/Timestamps00:00 Episode 83 Intro01:42 Product Spotlight: WDF & Delivery Dynamics – The Complete Business Blueprint02:40 The Laundromat Millionaire Show Intro04:18 Forecasted Growth of WDF & Delivery08:13 Ayad's Backstory15:34 Acquiring the 1st Store16:23 Buying Turn-Key vs a Fixer Upper26:21 Ayad's Laundry Business Model Today & the Retool30:22 Expanding to a WDF & Delivery Facility32:21 Appearing Big and then Getting Big – Growing the WDF & Delivery Business34:31 Delegation & Building a Team for Growth37:40 How to Know When Time to Expand to Another Facility?43:11 Composition of the Orangebag WDF & Delivery Facility44:38 The Orangebag Delivery Model Today46:54 Owning the Process and Brand Consistency48:49 By the Bag or By the Pound?50:49 Delivery Turn Around Time51:14 Becoming a Green Certified Business55:43 What Does the Future for Ayad and Orangebag look like?57:57 Ayad's Contact InfoThe Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.Listen on: Apple Podcasts Spotify
There are many successful ways to run a laundromat, but can they run themselves? Is it really possible to be open 24-hours and completely unattended? Lara Freeland, owner of Pelican Laundromat in Marrero, Louisiana shares her tips for making this model possible. Listen as Dave and Carla Menz interview Lara in this episode of The Laundromat Millionaire Show sponsored by H-M Company Drain Troughs.Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comPelican Laundromat Website: https://pelicanlaundromat.comPelican Laundromat Facebook: https://www.facebook.com/Pelicanlaundromat2/Spotlight – The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Fiverr: https://fiverr.comUpwork: https://www.upwork.comErinv_carpenter on Instagram: https://www.instagram.com/erinv_carpenter/Scott equipment laundry systems: https://www.scott-equipment.com/LaundroWorks: https://laundroworks.comTimestamps00:00 Episode 81 Intro00:20 Provider Spotlight: The Laundromat Millionaire Insurance Program02:03 The Laundromat Millionaire Show Intro02:28 How to Create a Professional Brand & Logo05:30 Why Laundromats? Lara's Story10:42 Due Diligence and Finding the Right Store16:42 Importance of Knowing the Community19:55 Finding a Distributor & Cost Transparency25:55 The Lease Negotiations and Renovations29:39 The Store Size & Layout30:11 Why 24 Hour & Unattended? Payment Methods, Lock Systems & Restrooms35:33 The Equipment Mix37:48 Community Culture and Safety40:19 Keeping Unattended Stores Clean41:45 Hours Spent in Business42:35 Solutions for a Bilingual Client Base44:04 Community Impact Improving a Laundromat46:27 The Dream for Pelican Laundromat48:59 Inspiring Women in the Industry50:11 Changing Models? Add Wash Dry Fold? Ghost Laundromats?53:56 The Need for Elevating the Laundry IndustryThe Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.Listen on: Apple Podcasts Spotify
What do you really want from your business? In this episode of The Laundromat Millionaire Show sponsored by H-M Company at draintroughs.com, Dave and Carla interview Mike Finger of Exit Oasis as he reveals the 3 questions every business owner must ask themselves about their business. Avoiding these questions and the necessary pivots they may require could leave you devastated! This is an essential listen for all small business owners!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comExit Oasis Website: https://exitoasis.comMike's LinkedIn: https://www.linkedin.com/in/mike-fingerSpotlight – Our WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Graphic: https://www.azquotes.com/quote/1315984Graphic: https://www.wallstreetmojo.com/employee-stock-option-plan-esop/Timestamps00:00 Episode 81 Intro01:27 Event Spotlight: The Laundromat Millionaire WDF & Delivery Workshop02:23 The Laundromat Millionaire Show Intro02:41 Creating and Turning Around an “Unsellable” Business12:51 What If You Never Plan to Sell?15:35 Impact on Those Looking to Buy a Business17:09 Learning from Others vs The School of Hard Knocks20:23 Finding the Right Coach to Simplify the Complexities22:03 A Simple Approach to Creating a Sellable Business23:25 The 3 Questions Every Owner Should Ask25:37 What Makes a Business “Desirable”?27:42 Lifestyle of a Business Owner30:17 Ownability vs Sellability30:55 The Importance of Just Starting32:36 The 2 Areas that Make Your Business Replicable35:39 If You Can't Prove It, It Didn't Happen40:07 How Mike Made His Business Sellable41:31 Are You Pricing Your Services Correctly?43:45 How Can You be a Passive Owner?45:46 Will Your Business Provide a Comfortable Retirement?49:45 Can Your Business Run Without You? Building a Team55:08 Giving Yourself Options57:41 Closing Remarks & Contact InfoThe Growth GearExplore business growth and success strategies with Tim Jordan on 'The Growth Gear.Listen on: Apple Podcasts Spotify
First StarchUp, then LaundroWorks, what's next for Cents? In this episode of The Laundromat Millionaire Show, Dave & Carla interview Alex Jekowsky, CEO & Co-founder of Cents, to discuss the evolution of technology in the laundromat industry, the mistakes Cents has made along the way and their plans for the future. Referenced Links: Cents Website: https://trycents.comSpotlight – Hydro Perfect Pour Website: https://www.hydrosystemsco.com/markets/laundromat.htmlOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Episode with Hydro Perfect Pour: https://www.youtube.com/watch?v=LTz_7kC-vgQForbes 30 Under 30 with Alex Jekowsky: https://www.forbes.com/pictures/5dcf200de0af7b0006b1754a/alex-jekowsky-24-ethan-du/?sh=dc0e5321b0b5Timestamps0:00:00 A Special Thanks to Our Followers0:04:10 Service Provider Spotlight – Hydro Perfect Pour0:05:24 The Laundromat Millionaire Show Intro0:09:20 How, Why & For Whom – the Backstory of Cents0:15:23 Owning Stores as a Vendor0:18:47 Progression to an “All-in-One System”0:26:19 The Technology Evolution in the Laundry Industry0:31:54 Mastering One Area of Your Business & Customer Retention0:35:47 Competition Makes Us All Better0:38:59 The Cents Team – Responsiveness and Training0:42:46 How Alex Defines “All-in-One Management System” 0:50:03 What's Next? Selling or Here to Stay?0:52:55 Mergers & Acquisitions – LaundroWorks & StarchUp1:00:10 Raising Funds for Cents1:12:15 Google Integration & Self-Branded Apps for Delivery1:14:44 Final ThoughtsMake More with Matt HeslinExplore strategies to thrive financially, build legacy, and enhance life experiences.Listen on: Apple Podcasts Spotify
As insurance premiums continue to rise, are you sure your business is even covered? Are you paying for coverage you don't even need? Are items missing from your policy that could cause you devastating losses? Larry Trapani & Joel Blitzer of The Laundromat Millionaire Insurance Program join Dave & Carla on this episode of The Laundromat Millionaire Show to discuss these questions and more. This is a must-listen episode for every laundromat owner!Referenced Links: The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Episode with Brian Grell: https://youtu.be/NLcTQ-3eA20Episode with ADP: https://laundromatmillionaire.com/laundromatmillionaire_videos/stress-free-payroll-solutions-w-justis-mullins/Timestamps00:00 Service Provider Spotlight – Aura Detergents01:35 The Laundromat Millionaire Show Intro02:36 Decades of Experience Insuring Laundromats11:26 The Changes in Agent and Broker Training14:17 How a Broker Protects You16:32 Rules on Switching Policies20:22 Increasing Premiums and Refusals to Insure23:48 What Owners Can Do to Mitigate Risks28:55 How Your Business Model Affects Your Premiums32:25 Common Reasons Laundromats are Mistakenly Underinsured39:55 The Right Size Deductible and Avoiding Small Claims41:31 Insurance on Loss of Business43:00 Insurance on Loss of Cash43:52 Misclassifications on Insurance Policies48:07 Events Your Broker Needs to Know49:28 Bailee Insurance Coverage – What Is It & Do You Need It?53:19 Dangers of Only Shopping Price55:44 Worker's Compensation Insurance57:00 Final Thoughts
If your laundromat is so busy people are turning away, does that mean it's time to expand? Do you need more space and more equipment or is there another solution? When is the right time to invest in more equipment or even another location? Listen as Horace Lewis shares his laundromat journey with Dave & Carla Menz and they discuss this often debated topic.Referenced Links: Xpress Laundromats Website: https://www.xpresslaundromat2.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Timestamps00:00 Service Provider Spotlight – Laundromat Millionaire Insurance01:40 The Laundromat Millionaire Show Intro03:08 Horace's Backstory: Finding Opportunity in a Recession09:18 How Jobs Prepare You to be an Entrepreneur14:35 From Real Estate Investor to Gaming Machines to Laundromats18:52 Finding a Great Location22:57 Getting the Store Open and Marketing to the Community28:23 When Should You Buy More Equipment?42:38 Incentives for Slow Days43:46 Finding a 2nd Location49:01 Changing the Stigma of Laundromats52:07 Next Steps for Horace52:33 Adding Skill Games to a Laundromat54:00 Closing Remarks
Is that "Free Laundromat" really free? Yannick Tuwamo, owner of The Soapbox Global Laundry in Columbus, Ohio shares his journey into purchasing his first laundromat, the challenges and his advice for others looking to enter the laundry industry. Follow along in this interview with Dave & Carla Menz on The Laundromat Millionaire Show, pull out the "golden nuggets" to help you enter the laundry industry, find the right deal and create a profitable community resource!Referenced Links: Yannick on LinkedIn: https://www.linkedin.com/in/yannick-tuwamo-98577641/The Soapbox Global Laundry Website: https://sbglaundry.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our episode with Brett Lyon: https://youtu.be/PxbmxlsWcOwDave Menz on Bigger Pockets Business: https://www.biggerpockets.com/blog/biggerpockets-business-podcast-56-dave-menzOur episode with SanOWash Ozone: https://youtu.be/uba2xsLJh_ETimestamps00:00 Service Provider Spotlight – LaundroBoost02:18 The Laundromat Millionaire Show Intro04:43 Yannick's Backstory – from Real Estate to Laundromats15:01 Why Buy a Laundromat? Where Do You Start?17:55 What it means to “Take Action”19:42 The Zombiemat and Selling Your Vision27:23 The Renovation and Its Challenges31:33 The Real Cost of a “Free Laundromat”33:26 His Store Today35:27 Creating the Right Mix of Machines38:00 The Payment System40:58 Improving Reviews43:03 WDF, Delivery & Dry Cleaning44:34 Pricing for Machines & Services46:34 Challenges with Adding WDF47:49 Advice for Newbies Entering the Industry51:07 Yannick's Future Plans53:02 Closing Remarks
"If we don't get on board, we're going to be left behind!" Jordan Berry, from the Laundromat Resource, joins Dave & Carla Menz to discuss the current trends in the laundry industry, the threats we need to prepare ourselves for, and a call to action for all laundromat owners to help each other succeed. Also, learn the reasons behind Jordan's recent sale of his first laundromat, the signs you may be ready to sell, and his plans for the future of the Laundromat Resource platform. Referenced Links: Our Magazine Jukebox Discount Page: https://needmagazines.magazinejukebox.com/laundromat-millionaireLaundromat Resource Website: https://www.laundromatresource.com/ Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our previous episode with Jordan: https://www.youtube.com/watch?v=q0-b0GtoaOQ Dave's episodes on Laundromat Resource Podcast: https://www.laundromatresource.com/show140/ and https://www.laundromatresource.com/show45/ and https://www.laundromatresource.com/show80/ and https://www.laundromatresource.com/show2/ Episode with Andrew Cunningham: https://www.laundromatresource.com/show43/ Episode on Hydro Perfect Pour: https://www.youtube.com/watch?v=LTz_7kC-vgQ Moneyball clip: https://www.youtube.com/watch?v=aNDj-H1jxV0 Timestamps00:00 Service Provider Spotlight – Magazine Jukebox00:49 The Laundromat Millionaire Show Intro03:14 Downsizing – When to Sell Your Laundromat15:11 What is the Value of Your Time?21:52 Would You Buy It Today?25:22 Jordan's Next Steps – Sales & Investments26:45 Keeping Up on the Data or Get Left Behind32:11 Current Trends in the Laundry Industry40:56 The Results from Ignoring the Data43:43 What We All Can Do – Stronger Together49:05 Free & Paid Resources through the Laundromat Resource Platform57:26 A Call to Action59:07 Final ThoughtsUpbuilding The SelfTwo former monks, a former startup founder/CEO, and a former equity derivatives trader...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify
Interested in FREE Entertainment for your customers?? Looking for another way to differentiate your business from the competition?? Scott Janney, Co-Founder and CEO of Magazine Jukebox shares the story behind his innovative new product and Dave & Carla share its impact after months of use in their stores. Learn about the free option or for a small monthly investment, a way to add another form of marketing for your business. Be sure to stay tuned for the special discount for our followers!!Referenced Links: Our Magazine Jukebox Discount Page: https://needmagazines.magazinejukebox.com/laundromat-millionaireScott's LinkedIn: https://www.linkedin.com/in/scottmjb/MJB Website: https://magazinejukebox.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/All State Insurance – Janney Company: https://agents.allstate.com/janney-agency-llc-chesapeake-va.htmlDot Dash Meredith Publishers: https://www.dotdashmeredith.comSimple Thread: https://www.simplethread.com/Timestamps00:00 The Laundromat Millionaire Show Intro00:18 Topic Overview01:31 Scott Janney's Entrepreneurial Journey07:40 The Idea Behind Magazine Jukebox10:59 Getting Buy In From Publishers14:54 Expanding to Laundromats16:57 What is Magazine Jukebox and How does it work??23:33 Creating a Market Differentiator for Your Store27:10 Why Geofence the Location?28:56 Free versus Paid Plan32:00 Advertising Opportunities35:17 Our Experience with Magazine Jukebox at Queen City Laundry45:33 Increasing Marketing Lists48:12 Wifi Not Required48:45 Options in Other Languages51:21 Additional Features Coming Soon52:15 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Interested in Laundry Delivery, but not sure about the Logistics Options? Already doing Delivery and want to Increase your Profit Margin? In this episode with Dave & Carla Menz, they explore the different Logistical Models for Delivery and help you navigate which is the best for you. Additionally they share tips for creating a model the customers will love! Also, learn about WDF & Delivery Dynamics: The Complete Business Blueprint, the handbook from their workshops, now available for individual sale!Referenced Links: Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryH-M Company Drain Troughs: www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Timestamps00:00 Service Provider Spotlight: Mopit01:47 The Laundromat Millionaire Show Intro02:12 Topic Overview03:43 Impact of Logistics Costs04:13 The 3 Main Types of Logistic Models05:14 The On-Demand Model13:36 The Windows-Based Model18:49 The Route-Based Model25:35 Route Design Tips32:19 Logistics Cost Targets34:25 Business Blueprint Details38:51 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify
Does your head hurt just thinking about payroll?? Taxes, social security, worker's comp, unemployment insurance, OSHA, the FLSA, & more to keep track of makes outsourcing payroll a must for business owners! In this episode of The Laundromat Millionaire Show, Dave & Carla Menz interview Justis Mullins, Small Business Sales Manager of ADP Services, to explore solutions for the independent laundromat owner. Justis shares guidance on where to start, avoiding costly mistakes, and affordable strategies for scaling your HR to mirror what the big companies offer! Stay tuned til the end as they share a special discount for followers of The Laundromat Millionaire Show!!Referenced Links: Laundromat Millionaire's WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Special Offer & Suggested Services: www.laundromatmillionaire.com/servicesOur Guest's website: https://info.adp.com/franchise?fid=Laundromat-MillionaireOur Guest's email: Patrick.schulteis@adp.com or justis.mullins@adp.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryH-M Company Drain Troughs: www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/LM Episode with Hydro – Patrick Kelley: https://youtu.be/LTz_7kC-vgQIRS Common Law Test: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employeeTimestamps00:00 Laundromat Millionaire Intro00:37 Laundromat Millionaire & ADP Partnership and Special Offer02:38 Justis' role and background with ADP05:31 Technology Company, Not Just Payroll07:11 Small Business Focus09:38 Complimentary Business Needs Assessment11:16 Is ADP Right for You? Services Offered for Small Business13:48 Labor & Wages Laws Compliance14:18 Contractor vs Employee18:50 Our Transition to Using a Payroll Company19:51 ADP Payroll Services24:10 Impact on Hiring & Retention31:09 Other ADP Services – Full HR Platform34:27 Employee Handbook Generator35:39 Help with Hiring36:13 Healthcare & Retirement Benefits44:43 Special Offer for New Subscribers to ADP48:39 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
How can you expand your chain of laundromats and keep it simple to manage?? Learn how Branden Unnerstall, owner of 16 laundromats in St Louis, Missouri, has done just that! In this episode of The Laundromat Millionaire Show Dave, Carla & Brandon discuss how to scale, the hiring for customer service, developing a brand, the impact of their Christian faith on their business and much, much more!Referenced Links: Laundromat Millionaire's WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/ Our Guest's website: www.bestwashlaundromat.comOur Guest's email: bestwash11@gmail.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryH-M Company Drain Troughs: www.draintroughs.comLaundroWorks Card System: https://laundroworks.com/SanOWash Ozone System: https://www.aquawingozone.com/products/sano3wash.htmlHydro Perfect Pour Injection System: https://www.hydrosystemsco.com/markets/laundromat.htmlAlliance Laundry Systems: https://alliancelaundry.com/The Founder video clip: https://www.youtube.com/watch?v=8mQYcyxnFyELaundroBoost Marketing Company: https://laundroboostmarketing.com/Craig Groeschel Leadership Podcast: Practice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Looking for ways to increase self-serve revenue while also cutting costs for laundry drop-off and delivery services? Listen and learn from Patrick Kelley of Hydro Perfect Pour about the new service Dave & Carla are installing in their newest laundromat. Patrick shares how it works, how it's different from other systems, and how it can not only add a new revenue stream, but decrease supply costs as well! Be sure to stay tuned to also hear about a special limited time discount offer!!Referenced Links: Laundromat Millionaire's WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/ Our Guest's website: https://www.hydrosystemsco.com/markets/laundry.htmlOur Guest's email: Patrick.kelley@psgdover.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comDover: www.dovercorporation.comTimestamps00:00 Laundromat Millionaire Intro01:15 What is Hydro and How We Met03:38 Our Misconceptions about Direct Injection04:29 Hydro's Background07:07 A Special Discount Offer from Hydro09:30 What Hydro Does11:16 How Hydro is Different 14:58 The Tubing System17:45 How Your Washers Communicate with the Hydro System20:09 How the Product Travels to the Machines25:45 How Hydro Can Both Increase Revenue and Decrease Costs3435:36 HydroPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
We pride ourselves on offering outstanding customer service and so can you! Learn our methods for keeping it easy, affordable, and high-quality. We share with you the tools we use, how they work, what they cost and the policies we implement to maintain that high customer satisfaction and retention. This episode is perfect for not only any laundromat owner, but any business owner!Referenced Links: Our Preferred Service Companies: www.laundromatmillionaire.com/servicesOur Delivery FAQ's: www.queencitylaundry.com/deliveryOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comCents POS System: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro02:14 Customer Service in the Store – Prioritize it!10:29 Minimizing Calls13:43 Our Phone Tree Options18:12 Pick-Up & Delivery Customer Service Solutions20:12 How Reception Call Service Works29:57 Customer Service Policies that Work for Us40:01 Documenting Standard Operating Procedures40:43 Cost of Tools Used43:48 Customer Service Summary47:12 Links to Preferred Service Providers and DiscountsPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify
Want to buy a laundromat but nervous of the risk? Follow along as Jason Worme details how he analyzes a potential location to mediate risk and determine an offer that will guarantee a successful profit margin. In this interview with Dave & Carla Menz, Jason shares his story of coming to America and how he continues to grow a successful laundromat business in New York.Referenced Links: Coin Laundry Association's WDF 2023 (use code LM100): www.coinlaundry.org/wdf-2023Laundromat Millionaire's WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our Guest's website: www.starlaundromats.comOur Guest's email: jason@starlaundromats.comOur Guest's facebook: https://www.facebook.com/jason.wormeOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comLaundroWorks Card System: https://laundroworks.comCents POS System: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro00:46 Attendance at Our WDF/PUD Workshop03:13 Jason's Backstory – Coming to America07:37 Risk and Cost Management Experience 14:02 Why Laundromats?16:25 Already Expanding to 2nd Location16:43 Analyzing Potential Purchases – Evaluating Laundromats for Sale22:49 How Jason Calculated His Offer28:22 How to Verify Seller's Data is Correct36:19 Should the Lack of Financial Information Prohibit a Purchase43:54 Describing the Store47:07 Planning Ahead for New Competition49:35 Two Price Points for Drop-Off Services51:43 Adding Wash-N-Go Service55:07 Why Knowing Costs is ImportantPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
From creating The Folde, selling to 2ULaundry, and becoming a CLA Board Member, Mark Vlaskamp has had a busy few years! Listen as he shares his story and the event he is currently excited about that is a necessity for anyone interested in drop-off laundry or delivery services. Be sure to stay tuned as Dave & Carla reveal a special coupon code for $100 off for any Laundromat Millionaire Show listener!!Referenced Links: Use Promo Code “LM100” for $100 off Your WDF 2023 Tickets at www.coinlaundry.org/wdf-2023/Our Guest's Websites: www.thefolde.com and www.2ulaundry.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comMerger Announcement Episode on Laundromat Resource: https://www.laundromatresource.com/show118/LM Episode with Alex Smereczniak of 2ULaundry: https://youtu.be/WWxZQb3fswUCoin Laundry Association: www.coinlaundry.orgLaundromat How To with Ken Barrett: https://laundromathowto.com/The Folde's Hiring SOP's: https://www.thefolde.com/ic-hiring/Wash ‘em Out Laundry Folding Machine Video with Randy Roberts: https://www.youtube.com/watch?v=9eT27qT_LU0Timestamps00:00 Laundromat Millionaire Intro01:18 Mark's Backstory – Creating The Folde08:50 Making Delivery Profitable by Adjusting the Volume and Price 12:49 Connecting with Codie Sanchez15:33 Why Sell to 2ULaundry?17:51 Why “By the Bag” Pricing?19:56 Why Joined the CLA Board?23:45 Changes Happening in CLA29:53 The First WDF Conference 202235:44 The 3 Things the We Learned and What to Expect in WDF 202340:49 Preliminary Speaker Lineup44:50 Dave & Carla's Presentation Topic50:54 Take Advantage of Networking Opportunities53:21 Ticket Price and Discount Code54:27 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Franchises...Corporate Stores...Equipment Distributors...Supply Chain Breakdown...Technological Advancements...the Future of the Industry?? Yes, we hit all the hot topics in this candid interview with one of the top CEO's in the Laundry Industry, Mike Schoeb of Alliance Laundry Systems! Referenced Links: Our Guest's Website: https://alliancelaundry.com/Our Guest's LinkedIn: https://www.linkedin.com/in/michael-schoeb-53030b2/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comTimestamps0:00:00 Laundromat Millionaire Intro0:02:21 Inviting Input from Operators0:06:06 Mike's Background0:09:12 Alliance's Business Breakdown0:14:52 The Impact of COVID and Supply Chain Breakdowns 0:21:16 American vs Overseas Manufacturing0:25:25 Why Buying Distributorships? 0:37:12 Shortage of Service Technicians0:42:02 Technology Changes & Touch Controls0:47:56 Corporate Stores & Franchises1:05:44 Evolution from Self-Service to Full-Service1:08:16 A Renaissance in the Laundry Industry1:17:11 Final ThoughtsPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Want to create a buzz in your community that brings customers flocking to your store? Whether it's a grand opening or your 20 year anniversary, it's still a great time to plan a Free Wash Event for your customers! Follow along as Dave & Carla detail how they set up their Anniversary event, why they did it, the costs associated with it and the feedback they've received since. Take notes as you begin planning yours!Referenced Links: • Dave's Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comCents Payment Systems: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro02:53 Why a Free Wash Event07:33 What the Even Included16:15 Collecting Customer Info for Marketing18:29 Inviting Other Community Businesses & Resources20:39 Cost for Event23:50 Staffing & Busy Times25:59 Feedback During & Afterwards from CommunityPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify
Are you looking to get into the laundry industry or already in and want to grow? This episode of The Laundromat Millionaire Show is full of advice on hot topics such as whether to retool or build new, which equipment to buy, want to negotiate in your lease, how big should your laundromat be, which payment system is right for you, how to scale a pick-up & delivery service, and much more! Get advice from industry veterans Joe Dan & Kelli Reed as Dave & Carla dive deep into the world of laundromat ownership!Referenced Links: · Dave's Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Guest's Websites: www.splashemout.comOur Guest's YouTube: https://www.youtube.com/@splashemoutlaundromatOur Guest's LinkedIn: https://www.linkedin.com/in/joe-dan-reed-1967525Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryIndeed for Staffing: www.indeed.comH-M Laundry Equipment: https://hmlaundryequipment.com/Foltex Folding Machines: http://www.foltex-usa.com/LaundroWorks Payment Systems: https://laundroworks.com/Cents Payment Systems: www.trycents.comTimestamps0:00:00 Laundromat Millionaire Intro0:03:45 Splash Em Out on YouTube0:06:33 Dan & Kelli's Backstory0:08:52 How a Cleaning CompanyPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Laundromats are often a great investment, but IS THAT ONE? Follow along as Dave & Carla Menz dive in deep on this topic with laundromat owner and business broker, Claudio Vilas. Learn from his wins and his mistakes as they discuss what makes a laundromat a good or bad investment, whether it's right for you, and how much you should pay. For those looking to get into or expand their portfolio in the laundromat industry, this is an episode you won't want to miss!Referenced Links: •Dave's Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Guest's Websites: https://claudiovilas.sunbeltsfl.com and https://thelostsock.clubOur Guest's LinkedIn: https://linkedin.com/in/claudiovilas Our Guest's Facebook: https://www.facebook.com/claudio.vilas.967Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryJohnson & Johnson: www.jnj.comSpeed Queen Equipment: www.alliancelaundry.comLM Episode with Chris Michalek: https://www.youtube.com/watch?v=0FRazM37q3oPrime Capital Funding: www.goprimecap.comTimestamps00:00 Laundromat Millionaire Intro05:29 Claudio's Backstory – Lessons for Corporate America16:18 Why Laundromats?18:31 The 1st Store22:03 The 2nd Store23:14 Adding a Partner = Big Mistakes25:40 Advice for New Laundromat Investors30:57 The Impact of CapEx41:10 Does It Have to be Turnkey?44:23 Buying the Cashflow vs Creating Wealth47:07 Being a Broker47:51 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify
Are You Making a Profit on Your WDF Service? How much? Follow along as Dave & Carla Menz explain how to calculate your costs for a pound of laundry processed, share their actual costs, and teach you how to determine what you should be charging in your market. Grab that notepad and a calculator, you're definitely going to want to take some notes on this one!Referenced Links: •Dave's Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryCents Payment Software: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro01:53 Some Ground Rules for the Discussion08:44 Creating a Sample for the Averages14:44 Cost Categories & Our Actual Numbers15:00 Labor & Bonus Cost per Pound20:09 Why Give Bonuses23:00 Credit Card Cost per Pound23:39 Utilities Cost per Pound26:35 Machine Maintenance Cost per Pound27:12 Packaging & Supplies Cost per Pound28:24 Determining Your Price Based on the Profit Margin You Want32:29 What About “Free Labor”?36:32 Our Costs By Percentage37:26 When to Raise Prices39:08 Closing RemarksPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify
Learn tips for successfully marketing your laundry business with former professional hockey player turned marketing wizard, Brett Lyon. Stay tuned for a special announcement and offer as Dave, Carla & Brett reveal what they've been working on together and how it can impact your business!Referenced Links: • Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching• LaundroBoost Digital Marketing: www.laundroboostmarketing.com• Email: support@laundroboostmarketing.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryEpisode with Mark Pattison: https://www.youtube.com/watch?v=zfMCH6Vj0FE&list=PLhjJdAKCTvvaLrxlxpzfK-EhKt7RPjxxe&index=23SanOWash Ozone: www.aquawingozone.com Timestamps0:00:00 Laundromat Millionaire Intro0:02:48 Brett's Backstory0:10:10 From Pool Boy to Entrepreneur0:15:13 Why Marketing?0:19:09 Why Focus on Laundromats?0:24:01 Finding Clients0:25:59 Why Use Industry-Specific Marketing Firms?0:29:22 Our Experience with Brett0:33:59 Announcing LaundroBoost0:38:44 Why Choose LaundroBoost?0:40:21 Marketing Self-Serve Laundry -Where to Start0:45:31 Relevancy Scores & Landing Pages0:48:26 What are Meta-tags?0:48:56 Should You Do Marketing Your Self?0:55:56 Importance of Key Words0:58:10 Expected Costs0:58:44 Weekly Reports1:02:46 Geo-Fencing for Marketing1:10:29 Correcting a Bad Digital Footprint1:15:48 Offer for ListenersPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Thinking about retooling or building a laundromat? This is an episode you won't want to miss! Brian Harrington, construction contractor turned laundromat owner shares his advice on construction, layout, throughput, and financing. Follow along as Dave & Carla Menz share their insight on these topics as well.Referenced Links: • Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest's websites: https://www.everythingcleanlaundry.com/ and https://cnbconstruction.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryFAScard: https://www.nationallaundryequipment.com/the-fascard-system/Articlean Ozone: https://articlean.com/SanOWash Ozone: http://www.aquawingozone.com/Spynr Marketing: https://spynr.com/ Timestamps00:00 Laundromat Millionaire Intro03:02 The Importance of Networking07:00 Brian's Backstory 12:35 Getting Store #1 to Payoff a Debt14:25 Converting a Car Wash to a Laundromat19:20 Building New vs Retool Existing23:24 Using Construction Lessons to Create His Store27:04 Marketing Ozone28:43 Mistakes to Avoid when Designing a Laundromat33:37 Store Size and Parking Recommendations36:43 Advice for Having Partners or Investors44:23 Advice for Financing a Project55:13 Consulting Services58:14 Next Plans for BrianPractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Whether it's examining the competitive analysis and demographics around a white box location or the total valuation of an existing laundromat, Stephen Gramaglia has the experience and advice you need. As former COO of laundromat financing giant, Eastern Funding and now an owner of multiple laundromats himself, Stephen shares his journey and his expertise in this in-depth interview with Dave & Carla Menz. Get your notepad ready, because this one is full of those golden nuggets!!Referenced Links: •Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest's website: https://clean-freshlaundromat.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryEastern Funding: www.easternfunding.comPace University: www.pace.eduDave & Buster's: www.daveandbusters.comPursuit of Happiness movie clip: https://www.youtube.com/watch?v=K-AmgjHI1wgQ&A with Brian Grell: https://youtu.be/AcS7B1l1Y0AEpisode with Eastern Funding Founders: https://youtu.be/NLcTQ-3eA20Metropolitan Laundry Machinery: www.metropolitanmachinery.comLaundroworks Card System: www.laundroworks.comEpisode with Atmosphere TV: https://youtu.be/7Gwh0ZsWfhcTimestamps0:00:00 Laundromat Millionaire Intro0:03:16 Stephen's Backstory0:10:37 An Offer from Eastern Funding0:14:39 Why Invest in Laundromats?0:19:34 The 1st Location0:24:55 White Box Conversion vs Retool Existing Laundromat0:26:58 Competitive Analysis of Store0:29:35 Thoughts on Free Dry0:33:16 The data – Why this model?0:37:11 Eliminate TV's??0:41:24 Layout of 1st Store0:44:13 How to Balance Through-Put and High Rent0:47:38 Building a Staff0:55:19 Why Left Eastern Funding for this “Passive” Venture0:57:46 The 2nd Location1:00:00 Masterclass on Store Valuation1:06:36 Future Plans1:09:04 AdvicePractice Partnership: Monetizing Your Dental PracticeDoctors – are you interested in building long-term wealth and continuing on as an...Listen on: Apple Podcasts Spotify Soaring to New HealthWe're talking Medicare Stars– what it is, why it's important, challenges & strategies. Listen on: Apple Podcasts Spotify Learn New Ways to Improve the World of Work with the People and Performance PodcastWe provide insights into the skills needed to increase employee performance.
Tim's 1st laundromat lost $70k, until he took the advice of an old friend. Could these changes turn your store around too? Listen as Tim & Dustin Gill of Jacksonville, FL and Atlanta, GA share this father-son story of entering the laundromat industry. As they discuss their journey from 1 to 4 stores with Dave & Carla Menz, they share the advice they've learned along the way. There are many "golden nuggets" to learn, so be sure to follow along!Referenced Links: • Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest's websites:• Bay Meadows Laundry: https://baymeadowslaundry.net/• Patio Laundry: https://patiolaundry.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroworks Card Systems: www.laundroworks.comHuebsch & Speed Queen Equipment: https://alliancelaundry.com/Our Episode on Staffing: https://youtu.be/FxcHafohi3gTimestamps00:00 Laundromat Millionaire Intro02:10 Tim's Laundromat Backstory06:05 Why switch to 24 Hour & Cards Only10:36 Tim's 1st Store 12:37 Attended all 24 Hours??16:19 Dustin's Laundromat Backstory19:55 Dustin's 1st Store (Tim's 2nd)22:31 Marketing Ideas for Your New Store31:30 Advice on Handling Employee Mistakes36:32 Dustin's 2nd Store (Tim's 3rd)41:15 Tips on Staffing43:41 Should Every Store Be Open 24 Hours?46:34 Getting the Store Profitable48:24 Switching Payment Systems50:18 Tim's 4th Store52:43 Elevating the Industry55:54 Advice
Is staffing your laundromat an issue? Trouble finding reliable employees? We've been there! But, after years of trial and error, we now have an AMAZING team and a pretty good system for finding new team members. Listen as Dave & Carla Menz share the tricks they've found to keeping your laundromat well-staffed and always open for business!Referenced Links: •Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryTimestamps00:00 Laundromat Millionaire Intro03:29 Why Staffing Is a Huge Problem for Laundromats04:51 The Keys to Staffing Your Laundromats Successfully07:27 How to Build Your Facility for Versatility17:03 How to Hire and Retain Quality Employees29:48 Scheduling with Back Ups45:42 The Manager is the Last Resort55:16 Closing Thoughts
He works a full-time job, owns 2 gyms, 4 laundromats, and still has time for his family! How does he do it?? Follow along as Matt Hylton shares with Dave & Carla, his secrets for managing multiple laundromats more efficiently. Also, as a hands-on owner who does repairs himself, he reveals the difference between various washing machine types to help you get the most out of your money. Referenced Links: • Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Guest's Website: https://megawashkc.com/ Guest's Facebook: www.facebook.com/megawash_kc Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery The Laundry Boss website: https://bccpayments.com/laundryboss/ Electrolux website: www.electroluxprofessional.com Timestamps 00:00 Laundromat Millionaire Intro 03:37 Matt's Backstory 06:02 Why Laundromats? 10:29 Buying the 1st Store and Expanding to 3 15:54 His Laundromat Models 19:43 Why Move Away from Unattended? 21:55 Can You Actually Make Money with WDF? 25:23 Matt's Pick-Up & Delivery Journey & Obtaining Smoke Remediation Clients 30:00 Unattended = No Labor?? 30:56 The Hub & Spoke Model to Expand Your Market 32:46 The Essential Technology for Your Store & What to Look For in a Payment System 36:46 Buy New or Used Equipment When Retooling a Store 39:56 The Difference in Soft Mount Equipment & Are They All the Same? 46:02 What Sets You Apart – Your Competitive Advantage 50:13 Another Venture & Fitness Goals 52:20 How COVID Shifted Matt's Perspective on Laundromats 57:34 Advice – What Would You Have Done Differently? 59:13 Matt's Contact Info Learn more about your ad choices. Visit megaphone.fm/adchoices
It's one of the hottest topics in the Laundry Industry - Laundry Pick-Up & Delivery! But why do so many struggle to make a profit doing it? Follow along as Dave & Carla Menz outline what they believe are the Top 10 Reasons other laundromat owners have struggled to find success in this market. This is one countdown you won't want to miss! Referenced Links: · Dave's Coaching & Workshops: www.laundromatmillionaire.com/coaching · H-M Company Drain Troughs: https://draintroughs.com · Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Cents delivery software: www.trycents.com Timestamps 00:00 Laundromat Millionaire Intro 00:01:09 #10 Mistake – The Numbers 00:09:27 #9 Mistake – On Demand 00:14:22 #8 Mistake – Short Runway/Scalability 00:22:56 #7 Mistake – The Supply Chain 00:26:42 #6 Mistake – Technology 00:29:16 #5 Mistake – Vehicles & Drivers 00:32:19 #4 Mistake – Customer Service 00:34:18 #3 Mistake – Processes & Procedures 00:36:57 #2 Mistake – Pricing 00:41:22 #1 Mistake – Revenue Sharing 00:48:28 The Only Exception 01:04:21 The Big Picture 01:09:09 Bonus Mistake 01:12:26 Final Thoughts Learn more about your ad choices. Visit megaphone.fm/adchoices
After several months of work to make it happen, we are finally revealing what we have been up to - an amazing Community built just for laundromat owners! Follow along as we give you a guided tour and stay til the end for a limited offer! Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery CLA's Wash Dry Fold Workshop: www.coinlaundry.org/wdf2022/ Timestamps 00:00 Laundromat Millionaire Intro 01:07 Why We're Creating This New Resource – the Evolution of Laundromat Millionaire 05:40 The Laundromat Millionaire Community 06:10 Private Chats vs Facebook Group 09:47 Tour of the Community Membership 17:10 Chats with Dave Tour 19:40 Reviews for Products, Services & Distributors 26:19 Business Forms & Templates Tour 29:32 Laundromat Supplies Tour 35:40 Member Discounts Tour 37:04 Marketing Tools Tour 38:51 Community Videos Tour 41:17 Founder's Membership + Discount Code Learn more about your ad choices. Visit megaphone.fm/adchoices
Dave is famous for saying, "You need to raise your prices!", but do you? If so, by how much and how do you do it without chasing off too many customers?? Learn this & more as Dave & Carla Menz discuss the answers to these questions and help you determine the value proposition and pricing strategy that best fits your self-serve laundromat. Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Our Story: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcs Our Coaching, Courses & Workshops: https://laundromatmillionaire/home/coaching Seinfeld video clip: https://www.youtube.com/watch?v=E3xwFanvTjA Our Free Resources: https://laundromatmillionaire/resources Aquawing/SanOWash: http://www.aquawingozone.com/products/sano3wash.html “Fancy Like” by Walker Hayes clip: https://www.youtube.com/watch?v=G_zuB-ogIBw CLA's Wash Dry Fold Workshop: www.coinlaundry.org/wdf2022/ Timestamps 00:00 Laundromat Millionaire Intro 01:50 Self-Serve Pricing – Why You Need to Raise Your Prices 05:10 Your Value Proposition vs Competitors in Your Submarket 08:04 Your Value Proposition vs the Industry 09:48 What If Competitor Is Under-Priced? 12:57 How to Determine Your Value Proposition 16:14 The 2 Parts of Your Business 18:30 What Is Your Business Model and Who Is Your Avatar? 19:09 The 3 Basic Business Models 28:46 Is Your Ideal Avatar In Your Submarket? 30:48 Less Customers Might Be A Good Thing! 32:15 Who We Serve Through Our Self-Serve Laundromat 34:31 How We Price Our Washers and Dryers 38:03 Vending Pricing 38:35 How to Raise Prices Without Scaring Off Customers Learn more about your ad choices. Visit megaphone.fm/adchoices
The call every laundromat owner dreads; BUT it's completely AVOIDABLE! Follow along as Dave & Carla discuss drainage systems, what's ideal and what to do if yours isn't. With over a decade in the industry and experience with various types of systems, this is some advice laundromat owners won't want to miss! Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Our Story: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcs Epoxy Pipe video clip: https://www.youtube.com/watch?v=E6O8vFVkdys New Store Renovation Video: https://youtu.be/uiO6u2ys7J4 Aquawing/SanOWash: http://www.aquawingozone.com/products/sano3wash.html Timestamps 00:00 Laundromat Millionaire Intro 02:30 Our Background with Drains/H-M Company 05:12 The 2 Parts of the Drainage System 07:40 The Floor Drain: how big should it be? 09:27 First Step in a New Store – Cameras! 10:32 A Great Option to Replacement – Epoxy! 12:39 Keeping Up with Drain Maintenance 14:10 Options for the Bulkhead – Open or Closed? 17:35 How a Drain Trough Works 19:02 How a Closed System Works 20:11 What Causes Laundromats to Flood? 21:34 Whole Store Lint Interceptors 23:46 Do Drain Troughs Create a Bad Smell? How to Prevent/Eliminate it! 25:56 The Perfect Drain System 30:00 The Importance of the Pitch 36:06 What If Dropping Trough Into Floor Not an Option? 39:03 Closing Remarks Learn more about your ad choices. Visit megaphone.fm/adchoices
Social Media shows countless videos of collecting the coins and cash from owning a laundromat, but is a laundromat really a "cash cow"?? Is it really a passive business? Listen as Dave and Carla Menz discuss this idea and how they have become passive owners in their laundromat business. Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Buy Dave's Book: www.laundromatmillionaire.com/book Our First Episodes: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcs Timestamps 00:00 Laundromat Millionaire Intro 00:58 “Passive Business” defined 03:50 Passive Owner versus Passive Operations 06:36 Yes, a Laundromat Can Be Owned Passively! 09:49 Passive versus Flexible 11:53 Why We Chose Laundromats 13:33 “A Laundromat Runs Itself!” 16:37 Our Journey to Passivity 21:06 Building in Backups Learn more about your ad choices. Visit megaphone.fm/adchoices
Is it better to buy the building or just lease the space for your business? Raphael Collazo, a published author, speaker, performance coach and commercial real estate agent shares his advice on how to make the best choice for your business. Listen as Dave & Carla Menz also question him on what to look out for before you sign that lease or buy that building. This episode is a must for anyone faced with this age-old business decision! Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Guest's Website: www.raphaelcollazo.com Our Guest's Youtube: https://www.youtube.com/c/RaphaelCollazo Our Guest's LinkedIn: https://www.linkedin.com/in/raphaelcollazo/ Our Guest's Podcast: The Commercial Real Estate Academy Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery CRE Podcast episode with Dave: https://www.youtube.com/watch?v=nb7JYGmbN7U The Compound Effect by Darren Hardy Timestamps 00:00 Laundromat Millionaire Intro 02:44 “Slow and Steady” or “Accelerated Growth”? 04:13 Raphael's Backstory 08:17 Raphael's Books – Before You Sign That Lease 12:53 What's Reasonable for a Tenant Improvement Allowance? 14:59 Leverage Created in Leasing a Retool 16:45 Items to Include in the Lease 19:17 Guidelines for CAM Charges 20:50 How Decide Buy or Lease? 23:27 Having an Expert on Your Side 24:46 Raphael's Books – Before You Buy That Building 29:56 Getting an Agent for FREE! 33:30 Building Your Brand, Improved Marketing 37:44 Where to Start with Branding 41:19 GeoCentric Marketing Focus 43:03 Raphael's Contact Info 44:30 The Formula for Success at Anything Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you determine the price of a Wash-Dry-Fold or a Pick Up & Delivery Laundry order? What's best for your business? What's best for your customers? Listen as we discuss all this & more in this episode of the Laundromat Millionaire Show with Dave & Carla Menz. Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • H-M Company Drain Troughs: https://draintroughs.com • Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” o Contact Mike directly: Mike.Kelly@Atmosphere.tv Our website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery CLA's Wash-Dry-Fold Conference: https://www.coinlaundry.org/wdf2022/ Timestamps 00:00 Laundromat Millionaire Intro 01:32 Our Background with the Debate 05:57 Pro & Cons of By the Bag Pricing 08:32 Interviewing the Customer on Satisfaction 10:17 Is “By the Bag” really simpler and faster? 14:31 How much time is spent weighing laundry? 16:35 Overcoming the “By the Pound” Customer Confusion 18:45 Keep the Pricing Simple 20:12 What's Best for Customers? 23:09 The Perfect Solution 24:41 Example from a Customer's Perspective 25:15 What We Decided 28:47 Where to Learn More on Wash-Dry-Fold Learn more about your ad choices. Visit megaphone.fm/adchoices
Critical to your laundromat's success, but so often overlooked - lease negotiation strategies! Listen as Dave & Carla Menz discuss the critical elements to include in your lease, the often forgotten "extras", and the strategies behind creating a win-win for both your business and your landlord's! Referenced Links: • Dave's Coaching: www.laundromatmillionaire.com/coaching • Free Resources: www.laundromatmillionaire.com/resources • H-M Company Drain Troughs: https://draintroughs.com Our website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-page Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/laundromatmillionaire/ Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/ Our Instagram: https://www.instagram.com/laundromatmillionaire/ Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Bureau of Labor Statistics: https://www.entrepreneur.com/starting-a-business/the-true-failure-rate-of-small-businesses/361350 Planet Laundry HVAC article: https://planetlaundry.com/the-abcs-of-hvac/ Timestamps 00:00 Laundromat Millionaire Intro 01:16 Why Lease is Critical for Laundromats 02:44 How much should you pay? 06:15 Items to Consider in Your Lease 06:27 Frontload Favorable Terms 10:01 How long is “long-term” 13:21 What is “Right of First Refusal”? 17:14 Watch Out for those Escalators! 20:41 Limit the CAM 24:23 What if someday you want to sell? 26:03 The Often-Missed Opportunities 26:15 Tenant Improvement Allowance 31:46 Dibs on Adjacent Spaces 35:08 Preferred Parking 37:12 Examine the HVAC 41:00 Free Rent?? 41:57 Negotiation Strategies 45:50 The Art of Compromise 50:39 Closing Learn more about your ad choices. Visit megaphone.fm/adchoices
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