Podcasts about laundromat millionaire

 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 

#372 In part two of our masterclass with Dave Menz, the Laundromat Millionaire, we shift from customer experience to the operational engine that drives a truly scalable business. Dave reveals how documented systems, strong SOPs, and empowered employees are the foundation of long-term success — not just in laundromats, but in any service-based business. From unclogging drains before they flood your store to building a business that thrives while you're on vacation, this episode is packed with tactical wisdom and real-world examples. We also explore innovative revenue streams, the truth about passive income, and how digital marketing is reshaping this traditionally overlooked industry. If you're serious about building a business that runs without you, class is in session again with Dave Menz! What we discuss with Dave: + Systems create true scalability + SOPs prevent costly emergencies + Maintenance must be proactive + Full-service laundromats win loyalty + Attended stores attract premium clients + Marketing works if product stands out + Revenue varies by market density + Partnerships can boost utilization + Always improve processes and systems + Humility and curiosity drive growth Thank you, Dave! Check out Laundromat Millionaire at LaundromatMillionaire.com. Check out Queen City Laundry at QueenCityLaundry.com. Follow Dave on Facebook and LinkedIn. Watch the ⁠⁠⁠⁠video podcast⁠⁠⁠⁠ of this episode! And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices

#370 What if you could build wealth by revitalizing one of the most overlooked industries in America? In this episode hosted by Kirsten Tyrrel, we sit down with Dave Menz, the Laundromat Millionaire, who turned a failing, run-down laundromat into a multimillion-dollar empire by focusing on one key principle: serve your community better than anyone else. Dave shares how modernized laundromats are transforming neighborhoods, why customer experience is the ultimate differentiator, and how even with zero business background, you can start small and scale big. From flipping "zombie mats" to creating full-service laundry hubs with delivery, Dave reveals the untapped potential hiding in plain sight — plus the emotional rollercoaster and sacrifice that come with the entrepreneurial path. This is part one of a two-part masterclass that will forever change the way you view the laundromat business! What we discuss with Dave: + Turning "zombie mats" into assets + Serving community as wealth strategy + Differentiating through customer experience + Importance of modernized laundromats + Three ways to enter the industry + Hidden demand in overlooked areas + Comfort and design as market edge + Full-service laundry model breakdown + Reinvesting profits to scale + Entrepreneurship as emotional growth journey Thank you, Dave! Check out Laundromat Millionaire at LaundromatMillionaire.com. Check out Queen City Laundry at QueenCityLaundry.com. Follow Dave on Facebook and LinkedIn. And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices

 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

 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 

Dave Menz is a top thought leader in the laundromat business, having scaled to $900K per month. In today's interview we dig into his story of starting his laundromat business as a lucrative side hustle and evolving accidentally into the Laundromat Millionaire. His drive for helping others to succeed and his ability to systemize processes have taken his business to the next level. If you've considered starting a laundromat business or side hustle, this is the episode you do not want to miss. Key Takeaways:You can start this as a side hustle. Dave did so for 4 years while working his corporate job. Laundromats are an asset to the community. It's a necessary resource and not going out of style.As a top thought leader in the industry, Dave has helped hundreds of people start their own businesses.Resources:Take Dave's course on UpFlip Academy: https://www.upflip.com/academyConnect with Dave: https://www.instagram.com/laundromatmillionaire/Connect with UpFlip: On Facebook On Instagram @UpFlipOfficial on Twitter For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts. Thanks for listening!

Jordan was a pastor for 15 years and transitioned out of full-time ministry into buying a laundromat. His experience buying his first laundromat was not a good one. Instead of replacing his salary, as he expected, his laundromat lost $2,000 dollars per month for well over a year. Desperate to find help to turn his business around, he frantically searched for someone to guide him to profitability. He found no rescue. After finally stopping the bleeding, he decided to share the hard-earned (and expensive) lessons he learned on a blog. And then on a YouTube channel. And then, on a quest to find out how the best laundromat owners operated their businesses, he started a podcast interviewing laundromat owners and other industry professionals. These platforms turned into Laundromat Resource, an education and community platform for laundromat owners and future laundromat owners to learn, share best practices, and connect with one another.

This week's guest is now a laundromat industry veteran, but he wasn't always! Now he and his wife are the owners of the Queen City Laundry Chain of Laundromats in Cincinnati, Ohio. This week's guest's story is an inspirational journal from poverty growing up in Flint, Michigan to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. He is obsessively driven to help, teach, and inspire others while elevating the laundromat industry to a whole new level through networking, services, and collaboration. He is also the host of the “Laundromat Millionaire Business Podcast” which is a must-listen. In this week's episode, we discussed: From dropping out of college to Laundromat Millionaire The “If they can do it, why can't I?” Mindset How He Makes His Kids Be Entrepreneurial Diversifying Business Within 1 Industry Look For Ways To Help Others His Entrepreneurship 101 Class Much More! Enjoy this week's episode of The 20% Podcast! ____________________________________________________________________________ I am now in the early stages of writing my first book! In this book, I will be telling my story of getting into sales and the lessons I have learned so far, and intertwine stories, tips, and advice from the Top Sales Professionals In The World! As a first time author, I want to share these interviews with you all, and take you on this book writing journey with me! Like the show? Subscribe to the email: https://mailchi.mp/a71e58dacffb/welcome-to-the-20-podcast-community I want your feedback! Reach out to 20percentpodcastquestions@gmail.com, or find me on LinkedIn. If you know anyone who would benefit from this show, share it along! If you know of anyone who would be great to interview, please drop me a line! Enjoy the show!

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.

Visit www.EAInterviews.com/DaveMenz for episode-specific show notes & www.EAInterviews.com for complete show notes of every podcast episode. On today's episode, we learn from Dave Menz the Laundromat Millionaire: From Poverty To Purpose With The Grit to Elevate An Industry

Dave Menz, AKA the Laundromat Millionaire, is back for part two of our conversation. This time around we chat operations, books, and the Laundromat Millionaire Conference.

Too many times the "Payment System Discussion" is limited to only "Coins or Cards". Let's think outside of the box! There are cheaper options that will still increase both owner and customer convenience. Listen as Dave shares his guidelines for when to switch from Quarter to Dollars and even to Hybrid and Card Only Payment Systems. Referenced Links: H-M Company Drain Troughs: https://draintroughs.com Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” 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.happynest.com/locations/ohio/cincinnati The Clean Show: https://the-clean-show.us.messefrankfurt.com/us/en.html SanoWash Ozone System: http://www.aquawingozone.com/ Munzprufer Coin Mechs: https://www.whberlin.de/en/whbe.html Huebsch Equipment: https://huebsch.com/ Alliance Laundry Systems: https://alliancelaundry.com/ Timestamps 00:00 Laundromat Millionaire Intro 02:04 Topic Explained 04:55 Narrowing the Audience 07:24 Advice for Owner Using Quarters 08:19 Quarters in the Industry 10:27 Pros of Dollar Coins 15:21 Perceived Negatives of Dollar Coins 23:32 Recommendations for When to Switch 33:02 The Logistics – How Do I Convert My Store? 37:25 Summary 39:39 Creating the Win-Win 40:38 Transitioning Customers from Quarters Slowly 42:32 Card Readers' Impact on ATM's Learn more about your ad choices. Visit megaphone.fm/adchoices

Dave Menz, AKA the Laundromat Millionaire, wears many hats – successful business owner, author, podcaster. In this first of a two-part series, we talk about how his start in life in Flint, Mich. equipped him with the grit to overcome hurdles and achieve success on a variety of levels.

Are you fascinated by the success stories of other entrepreneurs? Today, learn from Dave Menz, the Laundromat Millionaire, Dave Menz's inspirational story, learn the secrets of his success, and find out how you can overcome your own obstacles while building wealth. https://www.youtube.com/watch?v=trhxZsJ0cdc Tune in now! Table of contentsLearning the Laundromat RopesCraigslist BusinessThe Beginning of the Laundromat MillionaireOn Rejection and PerseveranceBuying the Next LaundromatDelayed GratificationServing a CommunityRaising the Bar for All BusinessesA Better Family FutureGet The Laundromat MillionaireAbout Dave Menz, Laundromat MillionaireBook A Strategy Call Learning the Laundromat Ropes When you're running a business, there's textbook knowledge and boots-on-the-ground knowledge. Dave Menz is the kind of entrepreneur with real boots on the ground experience running a successful business.  [3:11] “I grew up really poor as a young kid, in Flint, Michigan. And I was never very good at school, and I didn't see a traditional corporate path for me. It just wasn't in my DNA… I didn't know anyone that was an entrepreneur or a business owner. But I was always just, from afar, admiring people that were without knowing them.” [3:40] “I don't like limitations, I don't like people or organizations or things telling me that I can't accomplish x. I like to believe that if I spend enough time and gain the knowledge, and have the right mentors, and the right opportunities—good ol' fashioned grit plays a part in that, for sure—that I can accomplish almost anything that I want to. Or at least I'm going to die trying.” This mindset, Dave shares, is what he thinks called him to entrepreneurship. While he didn't start his path as a business owner right away, he always had a keen interest in how businesses were operated. This prepared him for one day taking over his own. When Dave knew he was ready to own his own business, he and his wife began saving and spent 3 or 4 years preparing for what would be their first laundromat.  Craigslist Business Dave actually found his first laundromat on Craigslist, after time spent researching the kind of business he wanted to own.  [11:45] “I just started down the path of due diligence with every business that I found on Craigslist or anywhere else. And every time… I came to a point where there was either a red flag or multiple red flags, that just said ‘this isn't for you.'” Dave views himself as being somewhere in the middle of analysis paralysis and reckless—he's a great, detail-oriented researcher, but he doesn't get too hung up on choices. He can recognize when it's time to move on from an idea. With the laundromat, there were no red flags he could find, so he just went for the deal.  The Beginning of the Laundromat Millionaire When Dave bought the laundromat for $85,000, it was losing money. But he also saw an opportunity in the business, and he knew he could do something great with it. All the nearby laundromats were in similar or worse condition.  [13:57] “I thought, well, I don't know a lot about business, but I do understand the laws of supply and demand. And I know my community. I've lived here for a long time. It's a thriving, growing suburb in Cincinnati. It doesn't appear that any of these laundromats are serving this community well, and so if I fix it up and make it a nice place, seems to me like it should grow and should become profitable.” Over the 4 years Dave and his wife had saved, they had $35,000. They used $20,000 as a down payment. However, they had trouble getting a bank to back them. In fact, they had 25 rejections. This prompted them to look for funding elsewhere, and they ended up getting an SBA loan through a local credit union. After about 11 months, the first laundromat began making 3-4,000 a month.  On Rejection and Perseverance The rejections Dave faced are almost a story of their own—one of resilience.

As of 2022, there are 18,264 laundromat businesses in the United States that generate about $5 billion in combined nationwide gross annual revenue. In this episode of The Agent of Wealth Podcast, host Marc Bautis is joined by Dave Menz, aka “The Laundromat Millionaire.” Menz is the Founder and Owner of Queen City Laundry, host of Laundromat Millionaire Show and the author of Laundromat Millionaire: The Grit to Elevate an Industry. Together, they break the stigma of laundromat ownership by uncovering the real facts and figures that led to Menz's millionaire status. In this episode, you will learn:How to enter the laundromat business, including how much capital is needed to start and how to identify strong locations.How laundromats can evoke change in disparaged communities.Tips for operating and staffing a laundromat business.How to grow your laundromat business from a passive income source to a fully operated, fully staffed location.And more!Resources:Laundromatmillionaire.com | Queen City Laundry | Laundromat Millionaire Show | Laundromat Millionaire: The Grit to Elevate an Industry | Bautis Financial: (862) 205-5000

Scaling a small business has its challenges, and each of us face a unique journey due to our strengths, weaknesses, and interests!  In this show, you will hear how to: chase the next level of success, study business to help make the right decisions right now, and incorporate a three-to-five-year vision to create a lasting business. Jess Dewell talks with Dave Menz, Founder of Queen City Laundry and Laundromat Millionaire, about repeating successes, the continued growth, and changing industry along the way. —--------- If you want to continue to look for inspiration to creatively or innovatively approach decision-making and problem-solving, use the experiences of other business owners who have created great companies. Try Fast Track Your Business today to keep learning and growing and stay intentional as you work strategically on your business. -------------------- Feel like you need a bit of help with some business direction? Then ACT to Plan by contacting Jess for a 30-Minute Unstuck Quick Consult. You'll discuss your aims, where you are, and where you should be to move deliberately toward your team-building goals! -------------------- If you want to stay informed and plan for a successful year, download the Annual Red Direction Business Management Report and get access to survey findings and information to help navigate volatility and uncertainty. You can get in touch with Jess Dewell on Twitter,  LinkedIn or Red Direction website.

From the beginning of Laundromat Resource, I've had an underlying belief and core value that laundromat owners will all be better if we work together to help each other out. It's been an underlying motivation for everything we do. Today, we celebrate a milestone together that is proof of this concept. I hope to inspire our industry to push forward and do more together to, as my friend Dave "Laundromat Millionaire" Menz likes to say, elevate the industry. This episode is about thanking everyone for buying into this belief, being a part of it, and going on the journey with me. It's also my hope that this will just pour jet fuel on the fire that's already burning. I truly believe it's the way to change your life for the better and to change our communities for the better!So big thanks to you all! Take today to go out and celebrate however you like to celebrate! You deserve it! :) Show Noteshttps://laundromatresource.com/show91Show SponsorsAtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!https://atmosphere.tv/partner/laundromat-resourceLinksJoin the Pro Community Today!Check out AtmosphereTVCheck out Centers SocialCheck out the Joe Soto TeamBritney Centers's Podcast episodeMike Kelly's Podcast episodeScreenshot of 100,000 podcast downloads!Screenshot of YouTube watch time!Get ConnectedJoin Laundromat ResourceLaundromat Marketplace- Sell Your Laundromat [free listings]Diligence Capital InvestmentsLaundromat Investor ResourcesLaundromat Resource EventsLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcastLaundromat Resource Coaching* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel 

On the surface, a laundromat might seem like just another boring office job. But when you take into account all of its potential side hustles and successful stories from around America--it's anything but! In this episode you will be joining us at The Laundromat Millionaire Conference where Waleed Cope spoke on the “Pickup & Delivery Models & Strategies” panel. ► Episode Highlights: EP 114 00:00 - Preview 00:34 - Intro 02:03 - Waleed's thoughts On Dave Menz Panel “Cracking The Code w/Pickup & Delivery” 04:10 - What kind of mistakes do Waleed see people making in the Pickup & Delivery space 09:05 - The future of the laundry industry 12:11 - How to recruit gig economy drivers for your business 15:22 - What platform/technology Waleed uses for pick up and delivery for The Soap Box 17:31 - How do you evaluate/gage the success of your pick up and delivery service? 23:03 - Waleed's thoughts on presentation in the laundry industry 29:05 - Credits ► Listen to the full session on the Commerce and Chill podcast: https://podcasts.apple.com/us/podcast/commerce-chill/id1496451217 ---- ► Follow Us Online Here: LinkedIn:https://www.linkedin.com/company/commerceandchill/mycompany/?viewAsMember=true Facebook: https://www.facebook.com/commerceandchill Instagram: https://www.instagram.com/commerceandchill/?hl=en Twitter: https://twitter.com/CommerceChill Website: https://www.commerceandchill.com/

This week I've got Dave Menz, also known as the “Laundromat Millionaire” on the podcast. In this episode Dave shares his story on how he came from nothing to now owning multiple locations that do millions in sales. Dave shares some great tips on what makes a great location, how to value them, and what profitability you can expect. Dave has done a great job in pivoting from working in his business to own his business as he's scaled it. He's now focused on helping other business owners improve their operations. This is a great episode that will definitely open your mind to the opportunities that exist within the laundry business.  If you enjoyed  this episode please share it with your friends, rate & review with your favorite part to help us reach more people.To learn more about the concepts discussed podcast go to https://www.brianbeers.com and sign up for Brian's free weekly newsletter delivering content directly to your inbox Connect with Brian you can follow him on Instagram and facebook, connect on LinkedIn or email brian@beerspodcast.comLinks:Laundromatmillionaire.com Book Links :Laundromat Millionaire: The Grit to Elevate an Industry - Dave Menz$100M Offers: How to Make Offers So Good People Feel Stupid Saying No - Alex Hormozi

Register for the conference here: https://laundromatmillionaire.com/laundromat-millionaire-conference/Laundromat Millionaire Conference Speakers & Panelists podcast episodes:Luke WillifordRoss DoddsAlex JekowskiSteve AndrewsChris MichalikShow Noteshttps://laundromatresource.com/show83Show SponsorsAtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!https://atmosphere.tv/partner/laundromat-resourceLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksLaundromat MillionaireLaundromat Millionaire ConferenceLaundromat Millionaire BookLaundromat Millionaire CourseGet ConnectedJoin Laundromat ResourceLaundromat Marketplace- Sell Your Laundromat [free listings]Diligence Capital InvestmentsLaundromat Investor ResourcesLaundromat Resource EventsLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcastLaundromat Resource Coaching* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

Everyone has something that they are living through that they want to get out of, whether it is poverty or an emotional trauma and so on. In today's episode Dave shares with us what motivated him to get to where he is today. My Guest: Dave Menz Dave “Laundromat Millionaire” Menz is a passionate Entrepreneur, Husband, and Dad from Cincinnati, Ohio. He is the owner of the Queen City Laundry Chain of Laundromats and the author of the Laundromat Millionaire (to be released in October 2021). What makes Dave unique is the path he took to achieve his success. From poverty, to a corporate career, to taking the plunge into business and turning a struggling laundromat (that he bought off of Craigslist) into a cash-flowing multi-million dollar asset, Dave's journey was anything but typical. Having fine tuned his operations over a decade, surrounded by his Rockstar team, Dave is obsessively driven to help, teach and inspire others while elevating the laundromat industry to a whole new level through networking, service and collaboration. Pivotal Moments ·       From a struggling business to Millions ·       Self Employed vs. Business Ownership Quote If I can, you can Links & Resources www.Laundromatmillionaire.com Show: http://www.estierand.com/breakthrough (www.estierand.com/breakthrough) Part 1 of this episode where you hear more go to https://www.estierand.com/captivate-podcast/laundromat-millionaire-with-dave-menz-1 (estierand.com/140-1) Did you enjoy this episode? Then https://itunes.apple.com/us/podcast/estie-rand/id1358797306?mt=2&ls=1 (subscribe to my podcast on iTunes), so you can get automatic updates whenever another episode goes live (and you will be helping me get to #1 on iTunes, making us all cooler in the process!)

Everyone has something that they are living through that they want to get out of, whether it is poverty or an emotional trauma and so on. In today's episode Dave shares with us what motivated him to get to where he is today. My Guest: Dave Menz Dave “Laundromat Millionaire” Menz is a passionate Entrepreneur, Husband, and Dad from Cincinnati, Ohio. He is the owner of the Queen City Laundry Chain of Laundromats and the author of the Laundromat Millionaire (to be released in October 2021). What makes Dave unique is the path he took to achieve his success. From poverty, to a corporate career, to taking the plunge into business and turning a struggling laundromat (that he bought off of Craigslist) into a cash-flowing multi-million dollar asset, Dave's journey was anything but typical. Having fine tuned his operations over a decade, surrounded by his Rockstar team, Dave is obsessively driven to help, teach and inspire others while elevating the laundromat industry to a whole new level through networking, service and collaboration. Pivotal Moments ·       From a struggling business to Millions ·       Self Employed vs. Business Ownership Quote If I can, you can Links & Resources www.Laundromatmillionaire.com Show: http://www.estierand.com/breakthrough (www.estierand.com/breakthrough) Part 2 of this episode where you hear more go to estierand.com/140-2 Did you enjoy this episode? Then https://itunes.apple.com/us/podcast/estie-rand/id1358797306?mt=2&ls=1 (subscribe to my podcast on iTunes), so you can get automatic updates whenever another episode goes live (and you will be helping me get to #1 on iTunes, making us all cooler in the process!)

This week's Misfit Entrepreneur is Dave Menz. Dave is known as the “Laundromat Millionaire.” He grew up in poverty and had to overcome tremendous challenge to find success. And he did it by doing something obvious, but unique – upping the game in an industry that was resting on its laurels, the laundromat space. He started by doing what I have come to call “chicken entrepreneurship,” building a business on the side while working a job. And now he's a millionaire multiple times over and the author of the forthcoming book, Laundromat Millionaire – the Grit to Elevate and Industry. Dave has a true rags to riches story that I cannot wait for him to share with you. www.LaundromatMillionaire.com Dave grew up poor in Flint, Michigan. He lived in a rough neighborhood but had good parents. They didn't have much money, but they had a good family. He learned that no one was going to hand him anything, but that he could make it happen for himself if he pursued it. He always had an entrepreneur streak in him, but as he grew up, he “took the bait” of corporate America and had the stereotypical middle-class lifestyle. It was in is late 20's that he realized that it really wasn't what it was cracked up to be. He had kind of sold out on his dream of being an entrepreneur. So, over the next 5 years he and his family lived well below their means and saved to buy a business. They didn't know what it was, but they needed seed money. Over those 5 years, he and his wife worked really hard at their plan and looked at every business he could find, but none of them checked all the boxes until he came across a laundromat a few miles from his house. He didn't see any red flags in his diligence, but he saw tremendous opportunity and he seized it. The laundromat was “a complete dump and losing money” when they bought it. After going to work, nowadays Dave owns 5 laundromats and the real estate with them and has built a multi-million-dollar business. They even had a laundry pickup and delivery service. Now Dave's personal mission is to elevate the industry. Why did you choose the laundromat business over all the others you looked at? A lot of the negative conceptions about laundromats as opportunities. Dave believes the laundromat business is the best small business in America. Laundromats are a simple cash business with no accounts receivable, no inventory, simple book-keeping, and minimal employees to manage. It is also a simple business to run that is steady. It is also a vital community resource that is recession resistant. It is a business about people who need a good service and that is the opportunity – where many owners just maintain a laundromat, it can be and do so much more. It can almost be boring because it is consistent, but not “sexy.” At the 10 min, Dave talks about being an entrepreneur in the general sense and the gift that it is. Dave would find that he was proud to be an entrepreneur and own a business, but when told people what kind it was, he could see the look on their face. He also talks about the laundromat business in general. What did you learn and do to differentiate your business? Most people that run laundromats treat it as a side hustle that they don't have to do much with. That sets the bar low. Dave treated it as a true business who cared for its customers. The bar was already set low for wowing people. For example, having a very clean and well-kept store. Having an attendant available to help people. Dave created standards such as high customer service, having attendants, and creating a better value proposition. It didn't happen overnight and he continued to work for almost 5 years at his job while putting every extra hour and extra dime into building and making the business better. Dave's philosophy: As a human being, he wants to be a better version of himself each day. A better husband, a better dad, and a better business owner. You found your business on Craig's List. Was that luck or is there still opportunity to find businesses to buy there? There is still opportunity there. It's an overlooked place At the 21 min mark, Dave talks about the love being an entrepreneur and running a good business, no matter what the product is. You can go onto Craig's List under the “Businesses for Sale” area and find many different ones there. There are “diamond in the roughs” to be found. You talk a lot about “Grit.” Define grit how you see it. The willingness to do anything that is legal and ethical. It is never quitting. It is not what you do, it is who you are. It is a mentality. There are lot of people out there that want to be an entrepreneur but aren't willing to do the things necessary. They just want the fun. They don't have the risk tolerance They aren't willing to delay gratification They don't understand everything that goes into it. At the 29 min mark, Dave talks about how he was grinding and pushing so hard, that he woke up one day and started getting ready for work and his wife looked at him and said, “What are doing? It is Christmas Day.” “To get things in life that most people in life don't ever achieve, you have to be willing to do things that other people are not willing to do.” What advice do you have for those looking to build their business while working a job? Sacrifice. You will have to sacrifice to make it. You will have to delay gratification and think long term. None of us are guaranteed a tomorrow, so we must make the most of it. Make sure you are living your authentic self. At some point, you will reach a point where you entrepreneur income equals you job income and that is freeing and empowering. For Dave, his job came first as his primary source of income, and he did whatever he had to give an honest day's work for an honest day's pay. Dave stayed longer than he had because he could do both well and it helped him to have extra cash to pay debt and other things. “When you start, you need your job. In the middle, you want your job. And in the end, you are done with your job.” How you make decisions in life is reflective of needs and wants and where your priorities are in life. Dave got to a point where he did not have to do overtime, etc. ​ At the 38 min mark, Dave and I talk about self-education and the important of that journey in helping you as an entrepreneur. Don't every stop pushing the envelop when it comes to your self-development.   Best Quote: To get things in life that most people in life don't ever achieve, you have to be willing to do things that other people are not willing to do.   Dave's Misfit 3: Be your authentic self. The beauty of business ownership is that you get to decide what your business looks like and what it doesn't. Be passionate about something. Live a fulfilled life. Do not be here to “exist.” Serve others. Look for opportunities to make a difference. Always do what is right. Show Sponsors: Athletic Greens (Free Year Supply of Vitamin D and 5 Travel Packs) AthleticGreens.com/Misfit Five Minute Journal www.MisfitEntrepreneur.com/Journal  

About:

Having worked and seen how customer service has become a lost art in the corporate world, Dave Menz is committed to creating an environment that wows the customers within just five steps of them walking in the door. Powered by his passion and grit to elevate the laundromat industry, Dave now owns a multi-million dollar chain of laundromat stores. Even though people come to do laundry, which is the second most hated household chore in America, his goal is to make it a positive experience instead of a dreaded, negative one. This episode is part of the Build Your Wealth series where we bring experts to share and offer insights, value, and lessons learned throughout their journey of building and creating wealth for themselves. Here are some power takeaways from today's conversation: Dave's eureka moment when he felt he was a sellout How he became the laundromat millionaire Wowing the customer by turning a negative experience into a positive The concept of vertical integration Leveraging your knowledge and experience through coaching Why get into a laundromat business Episode Highlights: Wowing the Customer Service and servitude must be at the foundation of any business. If you want a successful business, you have to create jobs for people in a way that they love coming to work each day, even if they work in a laundromat. The Vertical Integration of Businesses Dave owns seven other businesses that include rental property, consulting, coaching, and his books – these are all associated with each other. For instance, his coaching business directly correlates to the knowledge and experience he continuously gains out of running laundromats. Hence, one feeds off the other. According to Dave, this vertical integration has become more powerful because of his strong passion for the first one. Elevate Your Industry You can leverage your knowledge and your experience by creating a coaching business. It's a win-win because you're bringing value and making a tremendous impact in your community, thereby elevating your industry. Why Start a Laundromat Business A laundromat business is a vital community resource. Would you rather be in a business that's wanted or a business that's needed? Would you rather be in a business that stays open during a nationwide pandemic because they're deemed essential, or would you rather be closed? Would you rather impact your community and make money or use your community and make money? Another reason it is a great business is that it is a simple cash business that makes it a fantastic starter business. There isn't a lot of accounts receivable and not a lot of inventory management, with little to no employee management. Finally, if you're looking to get into a retail business, there's really not a better business to do it. Because the bar is so low, you can operate within a year or two at a level that most people are not operating at. You can be "top of the industry" in just a few years if you just care about servitude, you're passionate about what you do, and you really want to do something. Resources Mentioned: Laundromat Millionaire --- Support this podcast: https://anchor.fm/erikecabral/support

1:43 - Growing up and becoming an entrepreneur2:40 - Dave's parents5:02 - Balance in Parenting6:40 - Leading by example7:00 - Early days in Corporate America8:34 - The Aha Moment9:30 - Process of getting there13:57 - Evaluating different ideas16:14 - Laundromat from a Business Perspective20:30 - Professional Relationships and launch of first store22:40 - Evolution of Dave24:00 - Learn something on the way25:56 - Early tough lessons learned27:55 - Reaction of the Community / Community Building29:52 - Self service Laundry Business32:19 - Expansion of the Business35:56 - Value added36:29 - Learning Curve40:40 - Self service Element43:57 - People Leader44:23 - Lessons from Corporate America46:10 - Best small business48:17 - Impetus behind the book50:19 - Who is the book/podcast for52:50 - Greatest piece of advice54:00 - Dave's Super Power54:47 - Dave's North Star

Interested in becoming a Laundromat Millionaire? Or maybe just looking for success in any industry? Follow along as Dave "Laundromat Millionaire" Menz reveals his top 3 secrets to becoming a Laundromat Millionaire! Learn the steps he took and continues to take that turned him from a blue-collar working-class guy with meager savings into the Laundromat Millionaire he is today! Referenced Links: H-M Company Drain Troughs: www.draintroughs.com The Laundromat Millionaire Conference: www.laundromatmillionaire/conference   Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE” Contact Mike directly: Mike.Kelly@Atmosphere.tv   For consulting services: www.laundromatmillionaire.com Our Youtube channel: https://youtube.com/c/LaundromatMillionaire Our Podcast: https://laundromatmillionaire.com/podcast/ Our Facebook: https://www.facebook.com/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.happynest.com/locations/ohio/cincinnati The Laundromat Resource: www.laundromatresrouce.com The Coin Laundry Association: www.coinlaundry.org Timestamps: 00:00 Laundromat Millionaire Intro - Quotes 02:06 Book Release 02:53 Sponsor 03:48 Introduction of the 3 Keys 06:09 Laundromat Millionaire Conference 07:22 Brief Background 08:49 1st Key - Mentors 10:35 Types of mentors to look for 12;45 Finding a great distributor 21:10 2nd Key - Education 29:36 3rd Key - Networking 32:15 The Difference a Conference can make 41:11 Online Networking 44:29 Summary Learn more about your ad choices. Visit megaphone.fm/adchoices

Taken from a Live Q&A that Dave and I do monthly, this episode is packed full of practical advice and tips for newbies and seasoned investors alike!We answer a TON of questions, including:How to not get ripped off when buying a laundromatWhat to know when opening your first laundromatCan you downsize your water heater when you have o-zoneHow much capital you need to startShould you buy an existing store or partner with a franchiseBest practices to use with dry cleaningDealing with equipment delaysIs self serve dying and wash and fold and pick-up & delivery the wave of the futureCard, coin, or app payment systemsMarketing techniques with proven successEmail marketing ideasMonthly laundry subscriptionsPrice per bag or per pound for pick-up & deliveryWhen should you find a laundromat mentorHow often should you replace machinesWhat are the margins on pick-up & deliveryGood laundry lendersAverage pounds per order for pick-up & deliveryAre distributors price gougingCan you own a laundromat remotelyAnd much more!Show Noteshttps://laundromatresource.com/show80Show SponsorsAtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!https://atmosphere.tv/partner/laundromat-resourceLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksLaundromat MillionaireLaundromat Millionaire ConferenceGet ConnectedLaundromat Marketplace- Sell Your Laundromat [free listings]Diligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource EventsLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcastLaundromat Resource Coaching* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

If you're starting from the bottom and hoping to build a thriving business, Mark has the roadmap. If you're a laundromat or laundry service owner hoping to take your business to the next level, Mark has the roadmap.Mark started in the laundry business with no laundromat and began offering a laundry pick-up & delivery (PUD) service to customers. He and his partners quickly scaled that business up and now do thousands of pounds of laundry every day and are soon-to-be closing on their third laundromat location and counting. Not only is his business thriving, but he's also on a mission to continue to expand and to pull the whole industry along with him. Creative thinking, testing, and innovating, he's also giving back to help others benefit from the hard-earned lessons he's learned. Join Mark and Jordan, along with a couple of other top laundry pick-up & delivery operators for a free, now-recorded webinar on How to Start and Scale a Laundry Pick-up & Delivery Business!In today's episode, Mark and Jordan talk about;Mark's journey from zero business to a thriving businessHow he has scaled up his business enterpriseSEO, paid advertising, and van wrapsHow to manage a business with slim marginsTips on getting more financingThe differences between a PUD with a laundromat location vs. without owning a laundromat locationThe differences of managing a PUD business vs. a self-serve businessThe future of PUDWe play a game!!Finding good content to help you on your journeyDelegatingAnd a whole lot more!Show Noteshttps://laundromatresource.com/show77Show SponsorsAtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!https://atmosphere.tv/partner/laundromat-resourceLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksFREE WEBINAR- How to Start and Scale a Pick-up & Delivery BusinessLive Q&A with Dave "Laundromat Millionaire" MenzThe Folde's BlogLuke WillifordGet ConnectedLaundromat Marketplace- Sell Your Laundromat [free listings]Diligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource EventsLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcastLaundromat Resource Coaching* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel

Episode 178 features Dave “Laundromat Millionaire” Menz, a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats inCincinnati Ohio.Find Dave Online:Website: www.laundromatmillionaire.comLinkedin: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/YouTube: https://www.youtube.com/channel/UC7nSEWmFmKl5l55T5icmNVwFacebook: https://www.facebook.com/laundromatmillionaireAbout Dave:Dave “Laundromat Millionaire” Menz is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio.His inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth.Dave is the author of the book "Laundromat Millionaire", to be released on October 1, 2021, and the host of the Laundromat Millionaire Business Podcast.........Thank you for listening! If you'd like to connect online please feel free to reach out... Brian's Now Page: https://www.brianondrako.com/now/Brian's Instagram: https://www.instagram.com/brianondrako/Brian's Twitter: https://twitter.com/brianondrakoBrian's Linkedin: https://www.linkedin.com/in/brianondrako/ See acast.com/privacy for privacy and opt-out information.

Dave grew up in poverty and overcame superhero-like obstacles. His story, revealed in his debut book, Laundromat Millionaire – The Grit to Elevate an Industry is a life and business journey that doesn’t stop at rags to riches. It begins with a stubborn and obsessive mission to be a business owner with a tenacious and genuine purpose to help others to do the same – even if you also do not have a college degree or perhaps because you have one. Dave teaches the principles of relentless studying of the greats to be a great, and knowing that even if an industry – like laundry – isn’t sexy, you can make it so. His initial foray into business ownership was a side hustle alongside his corporate gig with Cincinnati Bell. He found his first business on Craigslist. (YUP, I did, as Dave would say.) Once he owned it, he overhauled it from struggling, losing money and outdated, to one that was a valuable proposition to serve as a vital community asset. In essence, he cared – for those who needed this service and deserve it. His vision expands beyond only owning multiple businesses under the auspices of Queen City Laundry. He shares his wisdom on his podcast and is a sought after guest and coach. Always the student, he expands his business model – and reach – to serve needs discovered. As a picked on kid who was told he had limited options, to his readers, employees, fans and his children, Dave says, “If I can, you can. It simply takes grit.” It is with this fortitude, he forges forward in elevating an industry, and likely not only one. Certainly, more lives will be elevated as a result of his Menz-ism touch. Dave and his family live in Cincinnati, Ohio. He is a family man and a man of faith. Learn more about Dave Menz, The Laundromat Millionaire and pickup a copy of his book at https://laundromatmillionaire.com/homepage-2/ Get a FREE Complimentary paperback or ebook copy of The Millionaire Choice at https://themillionairechoice.comSee omnystudio.com/listener for privacy information.

I grew up in Flint, Michigan, and while my parents provided a loving home, we were poor. The neighborhood I grew up in was rough and although my parents worked hard, we struggled. The good side of that experience is it ingrains in oneself a determination and grit to work for what you want and not expect you're entitled to anything. I also know there are other people out there that had it a lot worse than I did and never want to come across as complaining, but my experience shaped who I am today. While most entrepreneurs and business owners I know were raised by entrepreneurs and business owners, it was a pursuit that was discouraged in my home. My parents were convinced I needed to focus on my schooling, get good grades, go to college, and work as an accountant for 40 years. But I found the drive to be a business owner burning inside of me and never really liked the idea of working for someone else. Some people love the structure working in a company provides but for me it felt more like a cage. However, I also realized that working for yourself meant you were the one responsible for making things happen.  After working in corporate America for a decade and starting a family, I realized if I didn't focus on my dream of becoming an entrepreneur it might never happen. So over the next few years, we saved as much money as we could and I began looking for businesses I could buy. After a lot of searches, I happened across a laundromat near my house that was for sale on Craigslist. In general, when people think of a laundromat they think “antiquated” and “rundown”. This is true for 70 to 75 percent of the locations across the country. My strategy has always been to buy the worst laundromat in the best location and then give it a complete makeover.  There are seven reasons I believe a laundromat is one of the best small businesses to own in America. They provide a good return on investment, there is a relatively low barrier to entry, it is a vital community resource, a simple cash business, little to no inventory, low staffing requirements, and the business model offers flexibility so it can be done on the side while you work another job and scale.  Listen to Dave's insights on this episode of Winning on Main Street to hear how you too can find an opportunity in an unsexy business like laundromats and turn it into something great.   Resources Shared: Laundromat MillionaireLaundromat Millionaire – The Grit to Elevate an Industry by Dave MenzLaundromat Millionaire ShowThryv 

In today's show, we delve into the world of commercial real estate investing with Sam Wilson, host of the How to Scale Commercial Real Estate Podcast and founder of Bricken Investment Group. Commercial real estate is an incredible compliment to your laundromat business portfolio and can be an incredible way to build wealth and diversify your investments.Sam is an experienced commercial real estate investor and syndicator and brings a ton of wisdom and knowledge to help you grow your commercial real estate knowledge base. Whether you're just getting started with commercial real estate investing or you're a seasoned veteran, Sam brings something fo you!In today's show, Sam and Jordan talk about:The appeal of commercial real estate investingHow to get started in commercial real estate investingHow commercial real estate is valuedWhat a cap rate isWhat you need to know before you invest in commercial real estateHow to add value to your commercial real estate How to add value to your laundromat businessHow to scale your commercial real estate portfolioHow to find good deals on investment propertyAnd a whole lot more!Show noteshttps://laundromatresource.com/show68Show SponsorsAtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!https://atmosphere.tv/partner/laundromat-resourceLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinks{REPLAY} Pick-up & Delivery: The Truth About the Gig Economy[REPLAY] Live Laundromat Q&A with Dave "Laundromat Millionaire" MenzElizabeth Bricken Wilson's Podcast EpisodeResourcesBricken Investment GroupHow to Scale Commercial Real Estate PodcastLaundromat Resource ForumsLaundromat owners Facebook GroupGet ConnectedDiligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource EventsLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcastSell your laundromatLaundromat Resource Coaching

Imagine yourself growing up in poverty where you're often told that you cannot be what you dream to become. Well, that's the story for many of us right? However there is a uniqueness to Dave Menz's story that you don't want to miss! Listen as Dave shares his origin story as an Ohio transplant from Michigan, transitioning from his union job, the dedication and patience he and his wife exuded to grow a large laundromat business with the culture of service to the community! As an author, podcaster, and business owner Dave shares fun and very insightful commentary! ABOUT DAVE:Dave “Laundromat Millionaire” Menz is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio. Dave's inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. Dave is the author of the book "Laundromat Millionaire" which is due to be released in late 2021 and the host of The Laundromat Millionaire Business PodcastCheck out Dave at www.laundromatmillionaire.com and www.queencitylaundry,com. His new books is being released in early October of 2021, be sure to purchase a copy!Hey! Also be sure to tap in with me at www.champ10k.com!

Dave “Laundromat Millionaire” Menz is a laundromat industry veteran and the owner of Queen City Laundry Chain of Laundromats in Cincinnati, Ohio. Dave's inspirational journal from poverty growing up in Flint, Michigan to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. Dave is obsessively driven to help, teach, and inspire others while elevating the laundromat industry to a whole new level through networking, services, and collaboration. Dave is also the host of the “Laundromat Millionaire Business Podcast” which is a must-listen. In today's show, you will hear: · Dave's Lessons From Poverty and How That Shaped Him · Using The Fear Of Poverty As Motivation · Dave's Story Of Buying A Business On Craigslist and Turning It Into A Million-Dollar Business · Importance of Modernizing Antiquated Processes · How You Should Not Let Fear Paralyze You · Much More! Enjoy This Episode With Dave “Laundromat Millionaire” Menz. ______________________________________________________________________ I am now in the early stages of writing my first book! In this book, I will be telling my story of getting into sales and the lessons I have learned so far, and intertwine stories, tips, and advice from the Top Sales Professionals In The World! As a first time author, I want to share these interviews with you all, and take you on this book writing journey with me! Future episodes of the Sales Segment include: · Richard Harris · Galem Girmay · Scott Leese · Meridith Elliott Powell · Kendra Lee · Steve Richard · The list goes on and on. Like the show? Subscribe to the email: https://mailchi.mp/a71e58dacffb/welcome-to-the-20-podcast-community I want your feedback! Reach out to 20percentpodcastquestions@gmail.com, or find me on LinkedIn. If you know anyone who would benefit from this show, share it along! If you know of anyone who would be great to interview, please drop me a line! Enjoy the show!

Dave Menz is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio, as well as HappyNest Laundry Pickup & Delivery.Dave's inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth.Dave is the author of the book “Laundromat Millionaire” release date October 1, 2021, and the host of the Laundromat Millionaire Business Podcast.Learn More: http://www.laundromatmillionaire.comInfluential Influencers with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-dave-laundromat-millionaire-menz

Dave Menz is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio, as well as HappyNest Laundry Pickup & Delivery.Dave's inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth.Dave is the author of the book “Laundromat Millionaire” release date October 1, 2021, and the host of the Laundromat Millionaire Business Podcast.Learn More: http://www.laundromatmillionaire.comInfluential Influencers with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-dave-laundromat-millionaire-menz

Links: www.laundromatmillionaire.comwww.queencitylaundry.comhttps://www.linkedin.com/in/dave-laundromat-millionaire-menzhttps://www.facebook.com/laundromatmillionaireDave “Laundromat Millionaire” Menz is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio. Dave's inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. Dave is the author is the book "Laundromat Millionaire" to be released in late 2021 and the host of The Laundromat Millionaire Business Podcast. He's here to share some of the secrets to his success.

Welcome back to Pass the Secret Sauce, today's episode we have Dave “Laundromat Millionaire” Menz. Dave is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio. Dave's inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. He's here to share some of the secrets to his success. Dave is the host of The Laundromat Millionaire Business Podcast and the author of the book "Laundromat Millionaire", to be released in late 2021.In this episode we discuss:Introduction to episode  [1:27]Dave's humble stereotypical childhood  [2:50]How and when did the entrepreneurial bug hit him  [4:40]Worked at Corporate America for 12-13 years, got promoted five times  [9:00]How did he get in the laundry business  [10:15]Getting mentorship through podcasts and other resources  [13:55]Learnings he had when doing business  [18:10]Have a mentor/coach that will lead you to process is essential  [20:50]Getting the ‘Shiny Object' syndrome as an entrepreneur  [23:12]What his adversities thought him and how he breakthrough  [24:28]How did Dave handle the process of financials in the laundry business  [27:58]Determining the right location for your laundry business  [31:20]Doing a national revenue partnership with other laundromat owners  [34:40]Dave's suggestions in buying laundromat business [36:00]Laundromat Millionaire podcast and book  [42:38]Quotable QuoteTo have a coach/mentor to lead you through the process of any business or any industry, especially before you even close on it,  is an incredibly powerful thing. Links to sources and toolsConnect with Dave Menz on LinkedInGet a FREE consultation of Dave about laundrymat industryListen to other PTSS Episodeshttps://passthesecretsauce.com/Thanks for listening. Don't forget to like us on Facebook: https://www.facebook.com/passthesecretsauce to get updates on new episodes. If you haven't already, please follow and leave a review for our podcast, we'll really appreciate it. And as always, don't forget to pass the secret sauce.Support our podcastIf you're a fan of the show, there are three simple things you can do to support our work: Subscribe, rate and review: https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483 the podcast on iTunes or wherever you subscribe.Tell a family member, friend, or colleague about the show. Subscribe to us on YouTube: https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA and follow us on LinkedIn: https://www.linkedin.com/company/pass-the-secret-sauce-podcastThis podcast is hosted by

In today's show, we kick things off by going through the informational sources, tools, resources, and opportunities for you to buy your first laundromat, optimize your laundry business, and scale your laundry business.This also comes with TWO HUGE announcements of things in the pipeline here at Laundromat Resource that will help you on your journey toward financial freedom!Then we replay one of our past Live Q&A's with THE Dave "Laundromat Millionaire" Menz! We host them every month together. Join us for the next one! Links to the Laundromat Resource and Laundromat Millionaire YouTube channels below!Links from the showLinksSign up for the weekly Live Webinars hereLaundromat Resource YouTubeLaundromat Millionaire YouTubeBusiness Mastery YouTube PlaylistLaundromat Business GuidesKeys to Buying Your First Laundromat e-bookLaundromat Resource PodcastGet access to free member toolsLaundromat business coaching and consultingWebsite design & marketing servicesLaundromat Resource blogLaundryCon! The first annual Laundromat Conference!ResourcesLaundromat Resource ForumsCash Flow Board GameCash Flow QuadrantRich Dad, Poor DadEntre LeadershipThe Richest Man in BabylonThe Ideal Team PlayerGet ConnectedDiligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource Coaching* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Eli Carey is retired military. Eli, however, didn't just retire from the military, he retired to a booming laundry business! His story is fascinating and the path that led him to his three-pronged laundry business demonstrates a feasible path into a prosperous business that many laundromat newcomers can take.With a combination of grit, smarts, preparation, and the right partners, Eli shares his story from a blossoming vending business to the unique way he acquired his laundromat, to scaling into an impressive laundry service business. Eli's story will leave you energized, inspired, and motivated to push to the next level. He shares his experience, wisdom, and lessons learned along the way to help you build your own successful laundry business.In today's show, Eli and Jordan discuss:Eli's military backgroundHow to start a vending machine routeHow he acquired his laundromat by assuming the seller's debtLessons learned from taking over another business owner's debtEli's $15,000 laundromat nightmareAll about the dry cleaner businessPandemic-resistant commercial laundry clientsThe importance of pivoting your businessPartnering with the right peopleTaking action as a new laundromat ownerResources Eli recommends to help you grow yourself and your businessAnd a whole lot more! If you're trying to get into the laundromat business with little money, or if you're trying to scale your laundry business, this is the show for you!Show Noteshttps://laundromatresource.com/show53Show SponsorLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksRoss Dodds Podcast InterviewDave "Laundromat Millionaire" Menz Business Insider ArticleResourcesExtreme Ownership- Jocko WillinkGet ConnectedDiligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource CoachingConnect with Elieli@sunshinedrycln.com* Some links may be affiliate links that benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Brian Wallace is the long-time President and CEO of the Coin Laundry Association. He has been an advocate for the industry for nearly 30 years. He has networked with hundreds, if not thousands, of laundromat owners, traveled all over the country visiting owners and laundromats, and facilitated research on the industry to help owners better their businesses.Brian joins us on the podcast to share what he has learned about this industry, about what it takes to be a great owner and operator, and to talk about the trajectory of the laundromat industry.In this show, Brian and I discuss:Brian's background and how he got his position as the President and CEO of the Coin Laundry AssociationWhat he has done to advocate for the laundromat industryWhat the trajectory of the industry isHow technology is shaping this industryPassive laundromat ownership Laundromat management companiesThe fragmented nature of the laundromat industryTips on running a great businessAttendant trainingLaundromat MarketingCoin Laundry Association researchNetworking in the laundromat industryLease negotiationsCLA resourcesThe Laundry Cares FoundationAnd way, way more! Show Noteshttps://laundromatresource.com/show52Show SponsorLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksLive Q&A with Jordan and Dave "Laundromat Millionaire" MenzLaundryCares Foundation#laundriesconnectingcommunitiesResourcesLaundromat Resource ForumsInternational Coaches FederationSBA Business Mentorship Program (SCORE)There, I Fixed It- Jacob Workman's Youtube ChannelJacob Workman's interview on the Laundromat Resource PodcastPlanet Laundry MagazineGet ConnectedDiligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource Coaching* Some links may be affiliate links which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

He's back as the first ever repeat guest on the Laundromat Resource Podcast. Dave "Laundromat Millionaire" Menz, guest of the second ever episode of the podcast, and also the most downloaded episode of the podcast, graces us with his presence again and brings with him a bucket of wisdom to share!This is one that you'll definitely want to take notes on. I ask Dave some very pointed question with the intention of helping us all learn EXACTLY how we can all become top operators in the laundromat industry. And boy does Dave deliver! I left this interview feeling invigorated and having some very practical things to do to improve my business and to improve myself, and you will, too. That's a money-back guarantee!In this show, Dave and I talk about:Dave's first interview on the showA brief update on the last 10 months since he was last on the showLifelong lessons learned from the COVID pandemicWhat successful laundromats have done better than unsuccessful ones over the past yearHow to become a "top operator" in the laundromat businessWhy now is a great time to be a "top operator"Laundromat Millionaire and what is coming up from him!And, seriously, SO. MUCH. MORE.This show is an instant classic and will help set the standard for current and future owners as this industry moves forward!Show Noteshttps://laundromatresource.com/show45Show SponsorLaundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinksBigger PocketsLaundromat MillionaireLaundromat Millionaire YouTube ChannelValue vs. Price VideoLaundromat Millionaire Facebook PageLaundromat Millionaire Podcast- Coming Soon!ResourcesGet ConnectedDiligence Capital InvestmentsLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource CoachingConnect with DaveWebsite: LaundromatMillionaire.com* Some links may be affiliate links which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

In this episode of the PlanetLaundry Podcast, Editor Bob Nieman interviews "The Laundromat Millionaire" Dave Menz, owner and operator of Queen City Laundry, a chain of full-service full-attended stores in Cincinnati, OH. This podcast is brought to you by Continental Girbau: https://www.cgilaundry.com/ Subscribe to PlanetLaundry at www.planetlaundry.com/subscribe.

Daryl Zeiner has been through the ringer. From bleeding money before his laundromat even opened to having literally ZERO customers on his second day being open, you'll feel anxious for him as he tells his story. And yet, just a few months from opening his first laundromat he's looking for his second!Why?? What happened between buying his first laundromat and the turmoil of losing money with no customers in sight, and today, just a few months after opening??Daryl gives a very transparent account of his incredible journey toward laundromat ownership with a TON of valuable lessons for all of us weaved throughout his story.In today's episode, Daryl and I talk about:Why he chose laundromatsHow he bought his first laundromatRemote laundromat ownershipBuying a fixer-upper laundromat remotelyCovid's impact on his laundromat openingWhat it was like to finally open the doors of his laundromat businessThe initial community response to opening (hint: there wasn't much of one at first)How he and his partners handled adversityWorking with partnersHis future plansCustomer service tips and ideasDue diligenceKnowing how to get a good leaseResources to help you succeed in your businessAnd so much more!Show Noteshttps://laundromatresource.com/show40Show SponsorLaundromat Resource Marketing- We know Marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinks from the show:Video on Laundromats & Real EstateKen Barrett's Laundry How-To YouTube ChannelDave "Laundromat Millionaire" Menz's YouTube ChannelResources:Rich Dad, Poor DadPeak to Peak PrincipleThink and Grow RichLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource CoachingConnect with Daryl:Email: palmbeachlakeslaundry@gmail.comWebsite: www.palmbeachlakeslaundry.comSocial media: @palmbeachlakeslaundryDaryl on LinkedIn: https://linkedin.com/in/daryl-zeiner-061177b/* Some links may be affiliate links which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

In today's show we reflect on the wisdom shared by podcast guests in 2020 in order to help us achieve our goals and improve our businesses in 2021! While reviewing the previous podcast episodes, 7 major themes emerged as common characteristics of successful laundromat owners. In keeping true to the mission of the podcast and of Laundromat Resource, this is a show by laundromat owners, for laundromat owners. This episode will get you fired up and on track to have your best year yet!In today's show, we'll discuss:Successful laundromat owners are customer focused.Successful laundromat owners hire great employees and take care of them.Successful laundromat owners are relentless.Successful laundromat owners never stop learning.Successful laundromat owners work with high quality people.Successful laundromat owners have a great web presence and brand.Successful laundromat owners keep their eye on the future.And more!Join host Jordan Berry in a survey of the top 7 lessons in the first 7 months of The Laundromat Resource Podcast and be inspired to dominate 2021!Show Noteshttps://laundromatresource.com/show37Show SponsorLaundromat Resource Marketing- We know Marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinks from the show:Live Q&A with Coin Laundry Association President and CEO Brian Wallace! (Subscribe and hit the bell icon)Laundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource Coaching* Some links may be affiliate links which benefit Laundromat Resource and help us continue to create great resources for you at no extra cost to you. Thank you for supporting us!

Prime Capital's Chris Michalek delves deep into the world of laundromat financing in today's show. Chris answers a ton of questions about financing a laundromat purchase and laundry equipment retools. He holds nothing back.Chris Money, as he's also known, highlights some of your main questions about laundromat financing, including the following, and more:What do lenders need from you to start the lending process?How do you create a winning business plan to ensure your business will succeed?What is the entire loan process, step-by-step?How has the recent pandemic changed the lending atmosphere?How can sellers best prep their laundromat in a way that buyers can get financing?What states does Prime Capital lend in?And so many more!Chris truly comes with the laundry owner's best interest first in this no holds barred interview. He answers every question he is asked and answers with an obvious expertise and passion for helping laundromat owners and investors find financial freedom through laundromat ownership!Grab a pen and paper or note-taking device because you're going to want to take good notes on this one!Show Noteshttps://laundromatresource.com/show24Show SponsorLaundromat Resource Marketing- We know Marketing and we know laundromats! Let us help you build your website and market your laundromat today!https://laundromatresource.com/getonlineLinks from the showLaundromat Investor ResourcesJoin Laundromat ResourceLaundromat Resource ForumsLaundromat Resource BlogBe a guest on the podcast!Sell your laundromatLaundromat Resource CoachingPodcast Episode with Dave "Laundromat Millionaire" MenzPodcast Episode with Luke WillifordConnect with ChrisPrime Capital Facebook Pagehttps://www.goprimecap.com/Phone- (630) 884-8900