After only 18 months in the laundry business, Craig & Michelle of Monster Laundry in Sacramento have tripled their revenue! Learn how they did it and the hard lessons they learned along the way. In this interview with Dave & Carla of The Laundromat Millionaire Show, they share their retooling mistakes, challenges of working with your partner, and their most successful moves thus far.

Referenced Links: 
Our Guest: Monster Laundry: https://www.monsterlaundry.com/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com & LaundroBoost: https://laundroboostmarketing.com
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
Previous episode with Dyna Robotics: https://www.youtube.com/watch?v=wpslRUFa6Tg
Dyna Robotics: https://www.dyna.co/
Western States Design – Will Klein distributor: https://www.westernstatedesign.com/
Jordan Berry – Laundromat Resource: https://www.laundromatresource.com/
Dexter Financial: https://www.dexterfinancial.com/
Curbside Laundries Software: https://www.curbsidelaundries.com/

Timestamps 
00:00 Episode 109 Intro – Craig Taylor & Michelle See
01:40 Backstory of meeting Craig
03:10 Craig’s Journey into the Industry – Due Diligence on Location
11:48 Non-Passive Business & Working with Your Spouse
15:22 Lease Negotiations & Financing
19:16 Changing the Store Layout
22:31 Renovating without Fully Closing the Store
24:58 Staffing Challenges
26:55 Mistakes During First Months
30:54 Importance of Branding the Store
34:07 Successes Over the First 2 Years
39:37 Tripled their Revenue  
42:55 Decision to Add Delivery Services
44:53 Mission to Impact the Community
46:33 Ideas for Children in Small Spaces
48:31 Challenges with Homeless Population
52:18 Plans for Future Growth of Monster Laundry
55:39 Final Thoughts & Contact Information 

 Calling a laundromat a passive or even semi-passive business can definitely be a contentious claim! However, Ian Gollahon share how he and his business partner were able to create just that - while also running their software business Wash-Dry-Fold POS! In this episode of The Laundromat Millionaire Show, learn the keys to creating a business you don't have to work in every day. Additionally, learn the latest changes in laundry POS software and advice on how to choose the right platform for your business.

Referenced Links: 
Our Guest: Wash-Dry-Fold POS: https://www.washdryfoldpos.com/
Liberty Laundromats in Oklahoma: https://www.libertylaundryok.com/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com & LaundroBoost: https://laundroboostmarketing.com
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
LaundroWorks: https://laundroworks.com
Alliance laundry systems: https://alliancelaundry.com/
Previous Episode with Brian Henderson: https://youtu.be/e_T9GAL1qdM?si=IoNffY-ViAWoTF-1
Previous Episode with Clean Cloud: https://youtu.be/NZWfAldtLZc?si=nS5zkWg707So1V9n
Previous Episode with Cents: https://laundromatmillionaire.com/laundromatmillionaire_videos/growth-comfort-do-not-coexist-with-alex-jekowsky/
Heartland cc processing: https://contact.heartland.us/

Timestamps 
00:00 Episode 108 Intro – Ian Gollahon
06:49 Tips for Increasing Revenue of Laundromats
10:33 Time Spent at Laundromats  
11:49 Switching from Coins to Loyalty Cards
13:58 Starting WDF POS & the Laundromat Acquisition
17:03 Making the Laundromat Semi-Passive
24:45  Organizational Structure & Why Operate Fully Attended
32:31 Laundromat Fire Risks
39:28 Updates on WDF POS & How to Choose a POS System
46:34 Machine & Software Integrations
52:39 Why You Need a POS System & Combatting Employee Theft
56:29 Get a Demo of WDF POS
57:33 Credit Card Processing Fees
58:21 Final Thoughts – Laundromats as a Semi-Passive Business

 

 

The terms of your purchase deal can make or break your chances for a successful business - and it all starts with making the right offer! In this episode of The Laundromat Millionaire Show, Mike Finger of Exit Oasis returns to share his laundromat journey including tips for proper due diligence, improving the business, and reselling it for 2.5 times his cost!

Referenced Links: 
Our Guest: Exit Oasis Website: https://exitoasis.com/
Mike's LinkedIn: https://www.linkedin.com/in/mike-finger
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com & LaundroBoost: https://laundroboostmarketing.com
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LM Episode on Due Diligence: https://youtu.be/Q0kIxMrmuwA
Previous Episode with Mike: https://youtu.be/35Od9WsLHD8
Form 8821: https://www.irs.gov/pub/irs-pdf/f8821.pdf

Timestamps
00:00 Episode 107 Intro – Mike Finger
03:42 Mike’s Background & Recap of Episode 81
06:18 Finding a Laundromat to Buy
08:51 Making an Offer
11:33 Doing the Due Diligence – First Attempt & Uncovering Lies
14:37 Looking for Other Options – Drop Note Strategy
15:16 Doing the Due Diligence – Second Attempt & Bypassing the Owner
21:05 Using Utility Bills to Estimate Revenue
24:51 Foreclosure, Final Offer & Purchase
25:54 Dave’s Thoughts on Due Diligence and the Timeline for Purchasing a Laundromat
28:28 The Importance of Patience
30:57 Difficulty in Financing Some Deals
34:23 Running Your Business to Maximize Its Value
37:00 Turning His Laundromat Around and Reselling at 2.5X His Cost
42:36 Learning to Delegate
43:54 Our Story of Creating a Sellable Business
48:22 Changing the Vocabulary Around “Sellability”
51:04 Most Important Concept Learned as a Business Owner
51:46 Impact of the Initial Deal
52:34 How Mike Increased the Value of His Laundromat
57:10 Final Thoughts – Contact Info for Mike Finger 

 Why should you hire a marketing company when you could do it yourself? Why does it matter if the company specializes in the laundry industry? Can't AI basically do your marketing for you? These questions and more are discussed in this episode of The Laundromat Millionaire Show as we come LIVE from the LaundroBoost Marketing booth at Clean Show 2025! Get answers from our experts, Brett Lyon, Eric De Jong and James Woods of LaundroBoost Marketing.

Referenced Links: 
Our Guest: LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Our Sponsors: Eastern Funding: https://www.easternfunding.com/ & H-M Company Drain Troughs: https://www.draintroughs.com 
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
Previous Episodes with Brett: https://youtu.be/TjY4W4lfGWQ  https://youtu.be/2OWVERc2ziY  https://youtu.be/PxbmxlsWcOw

Timestamps
00:00 Episode 105 Intro – Brett Lyon
01:16 Marketing Recommendations for New Owners
04:47 Advantages of Laundry Industry-Specific Marketing
07:08 The Added Power of Continuous Marketing
09:06 Varying Results in Varying Markets for Varying Services
10:21 Refuse to Market for Competitors
11:38 Start with a Great Product or Service
12:14 The Industry-Specific Difference in Simple Terms
12:53 First Come, First Served
13:13 Intro & Background of Sales Manager – Eric De Jong
16:59 DIY Marketing vs Professional Industry-Specific Marketing
22:28 Continuous Monitoring & Adjustment of Campaigns
26:41 The Shared Responsibility for Success
27:47 Doing What’s Right for Our Customers
34:11 The Sales Calls
36:49 Understanding Google Ranking Heat Maps
39:16 Longterm Plan for Growth – Making the Most of Your Budget
43:12 Pricing of Marketing Services
45:53 AI Offerings for Small Businesses
49:46 Using AI for DIY Marketing
52:49 Will AI Make Marketing Cheaper?
57:32 AI Capabilities Rapidly Changing & Final Thoughts 

 Catch these live demos of the new technology that is revolutionizing the dry cleaning industry! Learn how you can offer dry cleaning without the typical large investment and treat stains like a pro! In this episode of The Laundromat Millionaire Show - LIVE from Clean Show 2025 - Dave & Carla team up with Presso to show you their amazing new technology!

Referenced Links: 
Our Guest: Presso: https://getpresso.com
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com 
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Previous Episode with Cam Callstrom: https://youtu.be/sBzQJSiCJrI

Timestamps
00:00 Episode 105 Intro – Nishant Jain & Cam Callstrom
01:25 Story Behind the Creation of the Presso Air Wash & Air Press Machine
05:14 Expected ROI and Product Demonstration of Presso Machine
12:58 Ease of Use with Touch Controls
15:38 How Presso Isn’t Just a Steam Cabinet
17:49 Gentler on Fabric than Traditional Dry-Cleaning Processes
23:18 The Resulting Pressed Product
23:57 Ease of Training Staff to Use Presso
25:17 Type of Items it Can & Can’t Press
28:48 Creating a Drop Store with Presso
29:47 Adding Complimentary Products to Presso – BIG REVEAL!
34:56 Introducing Thibault Corents & the Presso Air Touch Spotting Machine
35:57 Air Touch Ease of Use
36:27 Air Touch Product Demonstration
37:40 Replenishing the Chemicals
39:01 Only Eco-Friendly & Non-Toxic Chemicals
42:52 Product Availability & Demand – Reserve Yours Today!
43:36 Product Requirements
43:55 After Treatment Reveal
44:24 Treating More Difficult Stains
45:21 Future Updates to Air Touch
47:07 The Air Touch – Uses for Existing Dry Cleaners
48:20 Final Thoughts 

 Interested in making your laundromat more profitable? Would you like to add $20K - $80K or more to your bottom line? Learn how in this episode of The Laundromat Millionaire Show LIVE from The Clean Show 2025! Dave & Carla interview Patrick Kelley & Tanner Galberach from Hydro Perfect Pour to explain this technology, share their data on current increases in profits, and how you can do the same (or even more) in your laundromat!

Referenced Links: 
Our Guest: Hydro Perfect Pour: https://www.hydrosystemsco.com/markets/laundromat.html
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com 
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Previous Episode on Perfect Pour: https://youtu.be/LTz_7kC-vgQ
Alliance Equipment: https://alliancelaundry.com/
LaundroWorks Payment Systems: https://laundroworks.com/
Laundrolux Clarus Vibe: https://laundrylux.com/
Girbau North America: https://continental-laundry.com/
SanOWash Ozone: https://www.aquawingozone.com/products/sano3wash.html
Aura Detergents: https://auradetergents.com/

Timestamps
00:00 Episode 104 Intro 
01:57 Guest Intros – Patrick Kelley & Tanner Galberbach
03:10 The Backstory of Meeting Patrick
05:56 Dave’s Misconceptions about Direct Injection
09:40 How Direct Injection Technology Has Changed
13:24 Why Hydro Perfect Pour Doesn’t Use the Same Methods as OPL Has Used
17:56 Where Paristaltic Pumps Fall Short for Laundromats
20:46 Maintenance Requirements for Perfect Pour System
21:59 Dashboard in Development
24:07 How Perfect Pour System Generates Additional Revenue and ROI
34:57 Which Commercial Washers Currently Can Be Used with Hydro Perfect Pour
41:35 The Financial Impact of Perfect Pour for WDF & Delivery
47:05 Hydro Perfect Pour’s Vision & Plans for the Future 

 What if a robot could do our laundry? This may be a dream come true for everyone, but truly a money-making miracle for laundry service owners! The future is NOW! 

In this episode of The Laundromat Millionaire Show, Dave & Carla are coming to you LIVE from the Clean Show with Lindon Gao, founder & CEO of Dyna Corp. Follow along as he introduces the new Dyna Laundry Robot - it folds, it sorts, and will do even more soon!!

Referenced Links: 
Our Guest: Dyna Robotics: https://www.dyna.co/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com 
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
Caper Carts: https://www.instacart.com/company/retailer-platform/connected-stores/caper-carts
Monster Laundry: https://www.monsterlaundry.com/
Cents Software: https://www.trycents.com/
Curbside Software: https://curbsidelaundries.com

Timestamps
00:00 Episode 103 Intro 
01:43 Lindon’s Background and Why Laundry
04:50 The Challenge of Soft-Body Manipulation
06:46 How AI Robots are Different from Other Robots
09:12 Current Use Case from Laundromat Owner Craig Taylor
10:28 Limitations of What It Can Do
11:17 Reactions from Customers
11:56 Folding Speed
13:39 Ability to Package Laundry
13:54 Quality of the Folding
17:36 Dyna Robot Folding Demonstration & How It Works
19:42 Customizability of the Process & Training the Robot
21:04 Production Timeline & Availability
22:49 Additional Features & Capabilities Being Added in the Future
25:11 Software Integrations
26:39 Folding Mixed Items & Sorting
27:13 Examples of Learning Capabilities
29:30 The Future of Robotics in the Laundry Industry
35:23 Dyna Robot Specs & Requirements
37:07 Progress Made in Only 11 months
39:01 Craig’s Implementation of the Dyna Robot Today
40:40 Steps to Getting Faster
45:50 Machine Maintenance & Life
47:51 Current Capabilities & Additional Features Coming Soon 

 What if you could do dry cleaning without investing in a plant full of equipment or wholesaling to one? Now you can! Cam Callstrom from Presso shares with us how other customers have done it by utilizing the Presso Machine and Dave & Carla have just added it to Queen City Laundry. Imagine the possibilities for new revenue streams, increased profit margins, or even a cheaper way to enter the laundry industry!

Referenced Links: 
Our Guest: https://getpresso.com/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com and Eastern Funding: https://www.easternfunding.com/
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
The Laundry Zone – Jacksonville FL: https://www.the-laundry-zone.com/
CC Clean – Portland, OR: https://cccleanpdx.com/
Cents POS: https://www.trycents.com/
Alliance Equipment: https://alliancelaundry.com/
Laundrylux Equipment: https://laundrylux.com/
Eastern Funding: https://www.easternfunding.com/
Clean Laundry Funding: https://cleanlaundryfunding.com/

Timestamps
00:00 Episode 102 Intro 
02:24 Cam’s Role at Presso
03:40 What is a Presso Machine?
05:30 Creating a New Income Stream
11:05 How the Presso Machine Works?
12:35 Addressing Common Misconceptions
17:40 Presso vs Traditional Steaming
20:03 Ongoing Improvements & Modularity
22:55 Maintenance of Presso Machine
25:36 Better than Traditional Washing?
28:03 Better than Traditional Dry Cleaning?
31:23 Defining Dry Cleaning
35:09 The Evolving Laundromat Industry
36:08 Our Business Strategy for Implementing Presso
44:16 Other Business Strategies for Presso to Create Revenue
47:29 The Power of Vertical Integration
51:37 Creating a Business Around Presso – Diminishing Barriers to Entry
1:00:27 Financing a Presso Machine
1:01:22 Presso at the Clean Show and Big Reveal
1:04:49 Cam’s Contact Information 

 Jon Schemmel has taken SBL Ventures from zero to 23 laundromats in 5 years! Learn how he's done it, the model he uses, the lessons he's learned, and his hopes for the future. Can laundromat be a passive venture? Is more always better? Thoughts to ponder in this episode of The Laundromat Millionaire Show with Dave & Carla Menz.

Referenced Links: 
Our Guest: linkedin https://www.linkedin.com/in/jon-schemmel/ and website http://www.sbl-ventures.com/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
Laundroworks: https://laundroworks.com/
Todd Santoro – Clean Wash Systems https://cleanwashlaundry.com/
Connecteam app https://connecteam.com/
Alliance Laundry Systems https://alliancelaundry.com/
Open Phone https://www.openphone.com/
FasCard: https://www.laundrycard.com/products/fascard/

Timestamps
00:00 Episode 101 Intro 
02:29 Jon’s Background: Going from zero to 23 laundromats
04:40 Beyond a Passive Investor
06:52 Getting the 1st Store
08:14 Full-time Job + a Side Hustle?
11:28 Branding Across the Laundromats
12:15 Focused on Turnkey or Fixer Uppers?
15:50 Locations
18:03 Building a Team
20:42 Lessons from Corporate America
22:13 The Laundromat Model
25:53 Customer Service when Unattended
28:01 Payment Systems & Collections
30:57 Evaluating a Potential Purchase
32:48 Staying Basic or Optimize Revenue Streams
38:56 Tips for Managing 23 Locations – Controlling Collections
43:50 Entities & Bookkeeping Strategies
51:07 Building the Airplane as You Fly – Final Thoughts 

 Confused about what "due diligence" is? Not sure what steps to take before you buy that laundromat? How do you make sure it's a good deal and you're protected? In this episode of The Laundromat Millionaire Show, Dave & Carla Menz reveal their 12 recommended steps to take before you close on that laundromat purchase.

Referenced Links: 
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com
Eastern Funding: https://www.easternfunding.com/
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
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LM Show on Leases: https://www.youtube.com/watch?v=npSt0Kn6uuE
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Timestamps
00:00 Episode 100 Intro on How to do Due Diligence before You Buy
03:52 What is Due Diligence?
05:57 Making the Offer: Writing a Letter of Intent
11:35 Step 1: Get the Support Behind Their Numbers
17:28 Red Flag Expenses
25:34 Step 2: Difficult to Escape a Bad Lease
32:26 Step 3: Assess the Equipment & Inventory
36:14 Step 4: Demographics & Value of the Location
38:42 Factoring in the Float of a Card Store
44:05 Step 5: Evaluating Current Operations
46:33 Step 6: Analyze the Competitive Landscape
48:57 Step 7: Regulatory Compliance
51:08 Step 8: Watch for Lawsuits and Contract Obligations
53:15 Step 9: What is the Status of their Brand?
55:19 Step 10: Proper Coverage from Day 1
57:50 Step 11: What About the People?
1:00:51 Step 12: But What Will the Future Hold??
1:04:35 Final Thoughts and Call to Action