Show cover of The Laundromat Millionaire Show with Dave Menz

The Laundromat Millionaire Show with Dave Menz

Are you an "Entrepreneurial Nerd" or even just a passionate small business person trying to learn the ropes? If so, this show may be perfect for you. On the Laundromat Millionaire Show, we discuss everything Business, the good, bad and ugly lessons that we've learned. Things we've learned from our success and also from our failure and the growth that occurs when we truly seek it out! Episodes feature Co-host and published Author, Dave "Laundromat Millionaire" Menz along with his wife and sidekick in life, Carla Menz. Dave & Carla share their personal journey in a very transparent and authentic way while also interviewing awesome Entrepreneurs with a goal of pulling their secrets to success out to share with the audience. Simply put, there are no limitations to where Dave & Carla will go in order to Encourage, Inspire and Motivate their audiences to reach the pinnacle of your capabilities and they may even challenge you to push beyond what you thought is possible in your life. Want to be a guest on the show? Email dave@laundromatmillionaire.com

Tracks

Growth & Comfort Do Not Coexist with Alex Jekowsky
First StarchUp, then LaundroWorks, what's next for Cents? In this episode of The Laundromat Millionaire Show, Dave & Carla interview Alex Jekowsky, CEO & Co-founder of Cents, to discuss the evolution of technology in the laundromat industry, the mistakes Cents has made along the way and their plans for the future. Referenced Links: Cents Website: https://trycents.comSpotlight – Hydro Perfect Pour Website: https://www.hydrosystemsco.com/markets/laundromat.htmlOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Episode with Hydro Perfect Pour: https://www.youtube.com/watch?v=LTz_7kC-vgQForbes 30 Under 30 with Alex Jekowsky: https://www.forbes.com/pictures/5dcf200de0af7b0006b1754a/alex-jekowsky-24-ethan-du/?sh=dc0e5321b0b5Timestamps0:00:00 A Special Thanks to Our Followers0:04:10 Service Provider Spotlight – Hydro Perfect Pour0:05:24 The Laundromat Millionaire Show Intro0:09:20 How, Why & For Whom – the Backstory of Cents0:15:23 Owning Stores as a Vendor0:18:47 Progression to an “All-in-One System”0:26:19 The Technology Evolution in the Laundry Industry0:31:54 Mastering One Area of Your Business & Customer Retention0:35:47 Competition Makes Us All Better0:38:59 The Cents Team – Responsiveness and Training0:42:46 How Alex Defines “All-in-One Management System” 0:50:03 What’s Next? Selling or Here to Stay?0:52:55 Mergers & Acquisitions – LaundroWorks & StarchUp1:00:10 Raising Funds for Cents1:12:15 Google Integration & Self-Branded Apps for Delivery1:14:44 Final Thoughts
79:07 5/1/24
Costly Insurance Coverage Mistakes with Larry Trapani & Joel Blitzer
As insurance premiums continue to rise, are you sure your business is even covered? Are you paying for coverage you don't even need? Are items missing from your policy that could cause you devastating losses? Larry Trapani & Joel Blitzer of The Laundromat Millionaire Insurance Program join Dave & Carla on this episode of The Laundromat Millionaire Show to discuss these questions and more. This is a must-listen episode for every laundromat owner!Referenced Links: The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Episode with Brian Grell: https://youtu.be/NLcTQ-3eA20Episode with ADP: https://laundromatmillionaire.com/laundromatmillionaire_videos/stress-free-payroll-solutions-w-justis-mullins/Timestamps00:00 Service Provider Spotlight – Aura Detergents01:35 The Laundromat Millionaire Show Intro02:36 Decades of Experience Insuring Laundromats11:26 The Changes in Agent and Broker Training14:17 How a Broker Protects You16:32 Rules on Switching Policies20:22 Increasing Premiums and Refusals to Insure23:48 What Owners Can Do to Mitigate Risks28:55 How Your Business Model Affects Your Premiums32:25 Common Reasons Laundromats are Mistakenly Underinsured39:55 The Right Size Deductible and Avoiding Small Claims41:31 Insurance on Loss of Business43:00 Insurance on Loss of Cash43:52 Misclassifications on Insurance Policies48:07 Events Your Broker Needs to Know49:28 Bailee Insurance Coverage – What Is It & Do You Need It?53:19 Dangers of Only Shopping Price55:44 Worker’s Compensation Insurance57:00 Final Thoughts
59:50 3/27/24
Before You Buy More Equipment... with Horace Lewis
If your laundromat is so busy people are turning away, does that mean it's time to expand? Do you need more space and more equipment or is there another solution? When is the right time to invest in more equipment or even another location? Listen as Horace Lewis shares his laundromat journey with Dave & Carla Menz and they discuss this often debated topic.Referenced Links: Xpress Laundromats Website: https://www.xpresslaundromat2.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Timestamps00:00 Service Provider Spotlight – Laundromat Millionaire Insurance01:40 The Laundromat Millionaire Show Intro03:08 Horace’s Backstory: Finding Opportunity in a Recession09:18 How Jobs Prepare You to be an Entrepreneur14:35 From Real Estate Investor to Gaming Machines to Laundromats18:52 Finding a Great Location22:57 Getting the Store Open and Marketing to the Community28:23 When Should You Buy More Equipment?42:38 Incentives for Slow Days43:46 Finding a 2nd Location49:01 Changing the Stigma of Laundromats52:07 Next Steps for Horace52:33 Adding Skill Games to a Laundromat54:00 Closing Remarks
54:39 3/13/24
Taking Action on a "Free" Laundromat with Yannick Tuwamo
Is that "Free Laundromat" really free? Yannick Tuwamo, owner of The Soapbox Global Laundry in Columbus, Ohio shares his journey into purchasing his first laundromat, the challenges and his advice for others looking to enter the laundry industry. Follow along in this interview with Dave & Carla Menz on The Laundromat Millionaire Show, pull out the "golden nuggets" to help you enter the laundry industry, find the right deal and create a profitable community resource!Referenced Links: Yannick on LinkedIn: https://www.linkedin.com/in/yannick-tuwamo-98577641/The Soapbox Global Laundry Website: https://sbglaundry.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our episode with Brett Lyon:  https://youtu.be/PxbmxlsWcOwDave Menz on Bigger Pockets Business: https://www.biggerpockets.com/blog/biggerpockets-business-podcast-56-dave-menzOur episode with SanOWash Ozone: https://youtu.be/uba2xsLJh_ETimestamps00:00 Service Provider Spotlight – LaundroBoost02:18 The Laundromat Millionaire Show Intro04:43 Yannick’s Backstory – from Real Estate to Laundromats15:01 Why Buy a Laundromat? Where Do You Start?17:55 What it means to “Take Action”19:42 The Zombiemat and Selling Your Vision27:23 The Renovation and Its Challenges31:33 The Real Cost of a “Free Laundromat”33:26 His Store Today35:27 Creating the Right Mix of Machines38:00 The Payment System40:58 Improving Reviews43:03 WDF, Delivery & Dry Cleaning44:34 Pricing for Machines & Services46:34 Challenges with Adding WDF47:49 Advice for Newbies Entering the Industry51:07 Yannick’s Future Plans53:02 Closing Remarks
57:55 2/21/24
Fighting for the Independent Laundromat Owners with Jordan Berry
"If we don't get on board, we're going to be left behind!" Jordan Berry, from the Laundromat Resource, joins Dave & Carla Menz to discuss the current trends in the laundry industry, the threats we need to prepare ourselves for, and a call to action for all laundromat owners to help each other succeed. Also, learn the reasons behind Jordan's recent sale of his first laundromat, the signs you may be ready to sell, and his plans for the future of the Laundromat Resource platform. Referenced Links: Our Magazine Jukebox Discount Page: https://needmagazines.magazinejukebox.com/laundromat-millionaireLaundromat Resource Website: https://www.laundromatresource.com/ Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our previous episode with Jordan: https://www.youtube.com/watch?v=q0-b0GtoaOQ Dave’s episodes on Laundromat Resource Podcast: https://www.laundromatresource.com/show140/ and https://www.laundromatresource.com/show45/ and https://www.laundromatresource.com/show80/ and https://www.laundromatresource.com/show2/ Episode with Andrew Cunningham: https://www.laundromatresource.com/show43/ Episode on Hydro Perfect Pour: https://www.youtube.com/watch?v=LTz_7kC-vgQ Moneyball clip: https://www.youtube.com/watch?v=aNDj-H1jxV0 Timestamps00:00 Service Provider Spotlight – Magazine Jukebox00:49 The Laundromat Millionaire Show Intro03:14 Downsizing – When to Sell Your Laundromat15:11 What is the Value of Your Time?21:52 Would You Buy It Today?25:22 Jordan’s Next Steps – Sales & Investments26:45 Keeping Up on the Data or Get Left Behind32:11 Current Trends in the Laundry Industry40:56 The Results from Ignoring the Data43:43 What We All Can Do – Stronger Together49:05 Free & Paid Resources through the Laundromat Resource Platform57:26 A Call to Action59:07 Final Thoughts
61:01 1/24/24
A New Innovation in Customer Entertainment with Scott Janney
Interested in FREE Entertainment for your customers?? Looking for another way to differentiate your business from the competition?? Scott Janney, Co-Founder and CEO of Magazine Jukebox shares the story behind his innovative new product and Dave & Carla share its impact after months of use in their stores. Learn about the free option or for a small monthly investment, a way to add another form of marketing for your business. Be sure to stay tuned for the special discount for our followers!!Referenced Links: Our Magazine Jukebox Discount Page: https://needmagazines.magazinejukebox.com/laundromat-millionaireScott’s LinkedIn: https://www.linkedin.com/in/scottmjb/MJB Website: https://magazinejukebox.com/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/All State Insurance – Janney Company: https://agents.allstate.com/janney-agency-llc-chesapeake-va.htmlDot Dash Meredith Publishers: https://www.dotdashmeredith.comSimple Thread: https://www.simplethread.com/Timestamps00:00 The Laundromat Millionaire Show Intro00:18 Topic Overview01:31 Scott Janney’s Entrepreneurial Journey07:40 The Idea Behind Magazine Jukebox10:59 Getting Buy In From Publishers14:54 Expanding to Laundromats16:57 What is Magazine Jukebox and How does it work??23:33 Creating a Market Differentiator for Your Store27:10 Why Geofence the Location?28:56 Free versus Paid Plan32:00 Advertising Opportunities35:17 Our Experience with Magazine Jukebox at Queen City Laundry45:33 Increasing Marketing Lists48:12 Wifi Not Required48:45 Options in Other Languages51:21 Additional Features Coming Soon52:15 Closing Remarks
57:22 12/27/23
Navigating Delivery & Controlling Costs with Dave & Carla Menz
Interested in Laundry Delivery, but not sure about the Logistics Options? Already doing Delivery and want to Increase your Profit Margin? In this episode with Dave & Carla Menz, they explore the different Logistical Models for Delivery and help you navigate which is the best for you. Additionally they share tips for creating a model the customers will love! Also, learn about WDF & Delivery Dynamics: The Complete Business Blueprint, the handbook from their workshops, now available for individual sale!Referenced Links: Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryH-M Company Drain Troughs: www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Timestamps00:00 Service Provider Spotlight: Mopit01:47 The Laundromat Millionaire Show Intro02:12 Topic Overview03:43 Impact of Logistics Costs04:13 The 3 Main Types of Logistic Models05:14 The On-Demand Model13:36 The Windows-Based Model18:49 The Route-Based Model25:35 Route Design Tips32:19 Logistics Cost Targets34:25 Business Blueprint Details38:51 Closing Remarks
39:27 11/23/23
Stress-Free Payroll Solutions with Justis Mullins
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 Remarks
51:34 11/1/23
Scaling With Simplicity with Branden Unnerstall
How can you expand your chain of laundromats and keep it simple to manage?? Learn how Branden Unnerstall, owner of 16 laundromats in St Louis, Missouri, has done just that! In this episode of The Laundromat Millionaire Show Dave, Carla & Brandon discuss how to scale, the hiring for customer service, developing a brand, the impact of their Christian faith on their business and much, much more!Referenced Links: Laundromat Millionaire’s WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/ Our Guest’s website: www.bestwashlaundromat.comOur Guest’s email: bestwash11@gmail.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryH-M Company Drain Troughs: www.draintroughs.comLaundroWorks Card System: https://laundroworks.com/SanOWash Ozone System: https://www.aquawingozone.com/products/sano3wash.htmlHydro Perfect Pour Injection System: https://www.hydrosystemsco.com/markets/laundromat.htmlAlliance Laundry Systems: https://alliancelaundry.com/The Founder video clip: https://www.youtube.com/watch?v=8mQYcyxnFyELaundroBoost Marketing Company: https://laundroboostmarketing.com/Craig Groeschel Leadership Podcast: https://www.life.church/leadershippodcast/Timestamps00:00 Laundromat Millionaire Intro00:31 Brandon’s Backstory06:04 Scaling – More Stores Makes It Easier!11:48 Layers of Management – Employee Roles13:54 Coins vs Cards and the Impact on Scaling16:32 Technological Revolution in the Laundry Industry17:14 The Laundromat Business Model for Best Wash21:34 Buy or Build and Owning the Land23:21 The Necessary Components of a “Modernized Laundromat”26:10 Hiring for Customer Service29:39 Equipment Used & Recommended34:51 Simple Scales, Fancy Fails36:06 Different Models for Success37:31 Customer Service and the Impact on Customer Loyalty39:25 Low-Cost Solutions for Business Growth42:14 Importance of Branding46:03 Impact of Faith on Business and Leadership49:42 Closing Remarks & Contact Info50:42 Sharing More & Increasing Customer Base
54:52 10/18/23
Inject a New Revenue Stream Into Your Laundromat with Patrick Kelley of Hydro Perfect Pour
Looking for ways to increase self-serve revenue while also cutting costs for laundry drop-off and delivery services? Listen and learn from Patrick Kelley of Hydro Perfect Pour about the new service Dave & Carla are installing in their newest laundromat.  Patrick shares how it works, how it's different from other systems, and how it can not only add a new revenue stream, but decrease supply costs as well! Be sure to stay tuned to also hear about a special limited time discount offer!!Referenced Links: Laundromat Millionaire’s WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/ Our Guest’s website: https://www.hydrosystemsco.com/markets/laundry.htmlOur Guest’s email: Patrick.kelley@psgdover.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comDover: www.dovercorporation.comTimestamps00:00 Laundromat Millionaire Intro01:15 What is Hydro and How We Met03:38 Our Misconceptions about Direct Injection04:29 Hydro’s Background07:07 A Special Discount Offer from Hydro09:30 What Hydro Does11:16 How Hydro is Different 14:58 The Tubing System17:45 How Your Washers Communicate with the Hydro System20:09 How the Product Travels to the Machines25:45 How Hydro Can Both Increase Revenue and Decrease Costs3435:36 Hydro Perfect Pour System’s Lifespan and Maintenance36:52 Global Availability and Installation38:05 Steps to Purchase and Who It’s Best For39:19 With and Without Touchscreen43:05 Charging per Wash Modifier46:12 Plea to Manufacturers48:34 Elevating the Industry52:20 Teaching Customers About Hydro Perfect Pour57:23 Cost and the ROI58:25 Financing Options58:52 Closing Remarks & Contact Information
62:30 10/4/23
Our Customer Service Strategies Revealed with Dave & Carla Menz
We pride ourselves on offering outstanding customer service and so can you! Learn our methods for keeping it easy, affordable, and high-quality. We share with you the tools we use, how they work, what they cost and the policies we implement to maintain that high customer satisfaction and retention. This episode is perfect for not only any laundromat owner, but any business owner!Referenced Links: Our Preferred Service Companies:  www.laundromatmillionaire.com/servicesOur Delivery FAQ’s: www.queencitylaundry.com/deliveryOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comCents POS System: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro02:14 Customer Service in the Store – Prioritize it!10:29 Minimizing Calls13:43 Our Phone Tree Options18:12 Pick-Up & Delivery Customer Service Solutions20:12 How Reception Call Service Works29:57 Customer Service Policies that Work for Us40:01 Documenting Standard Operating Procedures40:43 Cost of Tools Used43:48 Customer Service Summary47:12 Links to Preferred Service Providers and Discounts
50:06 9/13/23
Before You Buy That Laundromat, Analyze the Deal with Jason Worme
Want to buy a laundromat but nervous of the risk? Follow along as Jason Worme details how he analyzes a potential location to mediate risk and determine an offer that will guarantee a successful profit margin. In this interview with Dave & Carla Menz, Jason shares his story of coming to America and how he continues to grow a successful laundromat business in New York.Referenced Links: Coin Laundry Association’s WDF 2023 (use code LM100): www.coinlaundry.org/wdf-2023Laundromat Millionaire’s WDF/PUD Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our Guest’s website: www.starlaundromats.comOur Guest’s email: jason@starlaundromats.comOur Guest’s facebook: https://www.facebook.com/jason.wormeOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comLaundroWorks Card System: https://laundroworks.comCents POS System: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro00:46 Attendance at Our WDF/PUD Workshop03:13 Jason’s Backstory – Coming to America07:37 Risk and Cost Management Experience 14:02 Why Laundromats?16:25 Already Expanding to 2nd Location16:43 Analyzing Potential Purchases – Evaluating Laundromats for Sale22:49 How Jason Calculated His Offer28:22 How to Verify Seller’s Data is Correct36:19 Should the Lack of Financial Information Prohibit a Purchase43:54 Describing the Store47:07 Planning Ahead for New Competition49:35 Two Price Points for Drop-Off Services51:43 Adding Wash-N-Go Service55:07 Why Knowing Costs is Important
59:59 8/30/23
Discount Offer for WDF 2023!! with Mark Vlaskamp
From creating The Folde, selling to 2ULaundry, and becoming a CLA Board Member, Mark Vlaskamp has had a busy few years! Listen as he shares his story and the event he is currently excited about that is a necessity for anyone interested in drop-off laundry or delivery services. Be sure to stay tuned as Dave & Carla reveal a special coupon code for $100 off for any Laundromat Millionaire Show listener!!Referenced Links: Use Promo Code “LM100” for $100 off Your WDF 2023 Tickets at www.coinlaundry.org/wdf-2023/Our Guest’s Websites: www.thefolde.com and www.2ulaundry.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comMerger Announcement Episode on Laundromat Resource: https://www.laundromatresource.com/show118/LM Episode with Alex Smereczniak of 2ULaundry: https://youtu.be/WWxZQb3fswUCoin Laundry Association: www.coinlaundry.orgLaundromat How To with Ken Barrett: https://laundromathowto.com/The Folde’s Hiring SOP’s: https://www.thefolde.com/ic-hiring/Wash ‘em Out Laundry Folding Machine Video with Randy Roberts: https://www.youtube.com/watch?v=9eT27qT_LU0Timestamps00:00 Laundromat Millionaire Intro01:18 Mark’s Backstory – Creating The Folde08:50 Making Delivery Profitable by Adjusting the Volume and Price 12:49 Connecting with Codie Sanchez15:33 Why Sell to 2ULaundry?17:51 Why “By the Bag” Pricing?19:56 Why Joined the CLA Board?23:45 Changes Happening in CLA29:53 The First WDF Conference 202235:44 The 3 Things the We Learned and What to Expect in WDF 202340:49 Preliminary Speaker Lineup44:50 Dave & Carla’s Presentation Topic50:54 Take Advantage of Networking Opportunities53:21 Ticket Price and Discount Code54:27 Closing Remarks
57:30 8/2/23
Getting Real with Alliance Laundry CEO Mike Schoeb
Franchises...Corporate Stores...Equipment Distributors...Supply Chain Breakdown...Technological Advancements...the Future of the Industry?? Yes, we hit all the hot topics in this candid interview with one of the top CEO's in the Laundry Industry, Mike Schoeb of Alliance Laundry Systems! Referenced Links: Our Guest’s Website: https://alliancelaundry.com/Our Guest’s LinkedIn: https://www.linkedin.com/in/michael-schoeb-53030b2/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comH-M Company Drain Troughs: www.draintroughs.comTimestamps0:00:00 Laundromat Millionaire Intro0:02:21 Inviting Input from Operators0:06:06 Mike’s Background0:09:12 Alliance’s Business Breakdown0:14:52 The Impact of COVID and Supply Chain Breakdowns 0:21:16 American vs Overseas Manufacturing0:25:25 Why Buying Distributorships? 0:37:12 Shortage of Service Technicians0:42:02 Technology Changes & Touch Controls0:47:56 Corporate Stores & Franchises1:05:44 Evolution from Self-Service to Full-Service1:08:16 A Renaissance in the Laundry Industry1:17:11 Final Thoughts
79:19 7/5/23
Creating Growth & Giving Back with Dave & Carla Menz
Want to create a buzz in your community that brings customers flocking to your store? Whether it's a grand opening or your 20 year anniversary, it's still a great time to plan a Free Wash Event for your customers! Follow along as Dave & Carla detail how they set up their Anniversary event, why they did it, the costs associated with it and the feedback they've received since. Take notes as you begin planning yours!Referenced Links: • Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroBoost Website: www.laundroboostmarketing.comCents Payment Systems: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro02:53 Why a Free Wash Event07:33 What the Even Included16:15 Collecting Customer Info for Marketing18:29 Inviting Other Community Businesses & Resources20:39 Cost for Event23:50 Staffing & Busy Times25:59 Feedback During & Afterwards from Community
32:16 6/21/23
Secrets to Scaling with Joe Dan & Kelli Reed
Are you looking to get into the laundry industry or already in and want to grow? This episode of The Laundromat Millionaire Show is full of advice on hot topics such as whether to retool or build new, which equipment to buy, want to negotiate in your lease, how big should your laundromat be, which payment system is right for you, how to scale a pick-up & delivery service, and much more!  Get advice from industry veterans Joe Dan & Kelli Reed as Dave & Carla dive deep into the world of laundromat ownership!Referenced Links: ·        Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Guest’s Websites: www.splashemout.comOur Guest’s YouTube: https://www.youtube.com/@splashemoutlaundromatOur Guest’s LinkedIn: https://www.linkedin.com/in/joe-dan-reed-1967525Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryIndeed for Staffing: www.indeed.comH-M Laundry Equipment: https://hmlaundryequipment.com/Foltex Folding Machines: http://www.foltex-usa.com/LaundroWorks Payment Systems: https://laundroworks.com/Cents Payment Systems: www.trycents.comTimestamps0:00:00 Laundromat Millionaire Intro0:03:45 Splash Em Out on YouTube0:06:33 Dan & Kelli’s Backstory0:08:52 How a Cleaning Company Began the Laundry Journey0:10:56 The 1st Laundromat0:12:56 Tips for Staffing0:15:12 Learning from Mistakes – Partners & Free Laundromats0:18:13 Growing from 1 to 10 Laundromats0:20:08 Are “Free Laundromats” a Thing of the Past?0:21:45 Building New vs Retooling0:22:47 What to Look for in a Laundromat Purchase0:24:47 Attended vs Non-attended Stores0:25:34 Advice for Your Lease0:30:30 Preferred Laundry Equipment0:34:04 When to Retool Again0:36:06 When to Buy Cheaper Machines0:40:08 Journey into Wash-Dry-Fold & Pickup Delivery0:42:24 Adding a Folding Machine0:44:40 Becoming More Profitable by Decreasing Service Area0:46:16 Should You Target Commercial Accounts?0:47:47 Preferred Payment Systems0:54:01 Trade-In Incentives0:55:27 Giving Back to Customers0:57:02 Joe Dan & Kelli’s Contact Info0:58:03 Power of Networking1:02:06 Prevalence of “ZombieMats”1:03:35 Closing Remarks
65:48 6/7/23
Should You Buy That Laundromat?? with Claudio Vilas S4E63
Laundromats are often a great investment, but IS THAT ONE? Follow along as Dave & Carla Menz dive in deep on this topic with laundromat owner and business broker, Claudio Vilas. Learn from his wins and his mistakes as they discuss what makes a laundromat a good or bad investment, whether it's right for you, and how much you should pay. For those looking to get into or expand their portfolio in the laundromat industry, this is an episode you won't want to miss!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Guest’s Websites: https://claudiovilas.sunbeltsfl.com and https://thelostsock.clubOur Guest’s LinkedIn: https://linkedin.com/in/claudiovilas Our Guest’s Facebook: https://www.facebook.com/claudio.vilas.967Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryJohnson & Johnson: www.jnj.comSpeed Queen Equipment: www.alliancelaundry.comLM Episode with Chris Michalek: https://www.youtube.com/watch?v=0FRazM37q3oPrime Capital Funding: www.goprimecap.comTimestamps00:00 Laundromat Millionaire Intro05:29 Claudio’s Backstory – Lessons for Corporate America16:18 Why Laundromats?18:31 The 1st Store22:03 The 2nd Store23:14 Adding a Partner = Big Mistakes25:40 Advice for New Laundromat Investors30:57 The Impact of CapEx41:10 Does It Have to be Turnkey?44:23 Buying the Cashflow vs Creating Wealth47:07 Being a Broker47:51 Closing Remarks
48:54 5/24/23
How To Calculate the Price You Should Be Charging for WDF Service with Dave & Carla Menz
Are You Making a Profit on Your WDF Service? How much? Follow along as Dave & Carla Menz explain how to calculate your costs for a pound of laundry processed, share their actual costs, and teach you how to determine what you should be charging in your market. Grab that notepad and a calculator, you're definitely going to want to take some notes on this one!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryCents Payment Software: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro01:53 Some Ground Rules for the Discussion08:44 Creating a Sample for the Averages14:44 Cost Categories & Our Actual Numbers15:00 Labor & Bonus Cost per Pound20:09 Why Give Bonuses23:00 Credit Card Cost per Pound23:39 Utilities Cost per Pound26:35 Machine Maintenance Cost per Pound27:12 Packaging & Supplies Cost per Pound28:24 Determining Your Price Based on the Profit Margin You Want32:29 What About “Free Labor”?36:32 Our Costs By Percentage37:26 When to Raise Prices39:08 Closing Remarks
41:13 5/9/23
Laundry Service Marketing That Gets Results with Brett Lyon S4E61
Learn tips for successfully marketing your laundry business with former professional hockey player turned marketing wizard, Brett Lyon. Stay tuned for a special announcement and offer as Dave, Carla & Brett reveal what they've been working on together and how it can impact your business!Referenced Links: • Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching• LaundroBoost Digital Marketing: www.laundroboostmarketing.com• Email: support@laundroboostmarketing.comOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryEpisode with Mark Pattison: https://www.youtube.com/watch?v=zfMCH6Vj0FE&list=PLhjJdAKCTvvaLrxlxpzfK-EhKt7RPjxxe&index=23SanOWash Ozone: www.aquawingozone.com Timestamps0:00:00 Laundromat Millionaire Intro0:02:48 Brett’s Backstory0:10:10 From Pool Boy to Entrepreneur0:15:13 Why Marketing?0:19:09 Why Focus on Laundromats?0:24:01 Finding Clients0:25:59 Why Use Industry-Specific Marketing Firms?0:29:22 Our Experience with Brett0:33:59 Announcing LaundroBoost0:38:44 Why Choose LaundroBoost?0:40:21 Marketing Self-Serve Laundry -Where to Start0:45:31 Relevancy Scores & Landing Pages0:48:26 What are Meta-tags?0:48:56 Should You Do Marketing Your Self?0:55:56 Importance of Key Words0:58:10 Expected Costs0:58:44 Weekly Reports1:02:46 Geo-Fencing for Marketing1:10:29 Correcting a Bad Digital Footprint1:15:48 Offer for Listeners
80:03 4/26/23
Tips from a Laundromat Construction Expert with Brian Harrington S3E60
Thinking about retooling or building a laundromat? This is an episode you won't want to miss! Brian Harrington, construction contractor turned laundromat owner shares his advice on construction, layout, throughput, and financing. Follow along as Dave & Carla Menz share their insight on these topics as well.Referenced Links: • Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest’s websites: https://www.everythingcleanlaundry.com/ and https://cnbconstruction.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryFAScard: https://www.nationallaundryequipment.com/the-fascard-system/Articlean Ozone: https://articlean.com/SanOWash Ozone: http://www.aquawingozone.com/Spynr Marketing: https://spynr.com/ Timestamps00:00 Laundromat Millionaire Intro03:02 The Importance of Networking07:00 Brian’s Backstory 12:35 Getting Store #1 to Payoff a Debt14:25 Converting a Car Wash to a Laundromat19:20 Building New vs Retool Existing23:24 Using Construction Lessons to Create His Store27:04 Marketing Ozone28:43 Mistakes to Avoid when Designing a Laundromat33:37 Store Size and Parking Recommendations36:43 Advice for Having Partners or Investors44:23 Advice for Financing a Project55:13 Consulting Services58:14 Next Plans for Brian
59:54 2/22/23
The Art of Laundromat Valuation with Stephen Gramaglia
Whether it's examining the competitive analysis and demographics around a white box location or the total valuation of an existing laundromat, Stephen Gramaglia has the experience and advice you need. As former COO of laundromat financing giant, Eastern Funding and now an owner of multiple laundromats himself, Stephen shares his journey and his expertise in this in-depth interview with Dave & Carla Menz. Get your notepad ready, because this one is full of those golden nuggets!!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest’s website: https://clean-freshlaundromat.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryEastern Funding: www.easternfunding.comPace University: www.pace.eduDave & Buster’s: www.daveandbusters.comPursuit of Happiness movie clip: https://www.youtube.com/watch?v=K-AmgjHI1wgQ&A with Brian Grell: https://youtu.be/AcS7B1l1Y0AEpisode with Eastern Funding Founders: https://youtu.be/NLcTQ-3eA20Metropolitan Laundry Machinery: www.metropolitanmachinery.comLaundroworks Card System: www.laundroworks.comEpisode with Atmosphere TV: https://youtu.be/7Gwh0ZsWfhcTimestamps0:00:00 Laundromat Millionaire Intro0:03:16 Stephen’s Backstory0:10:37 An Offer from Eastern Funding0:14:39 Why Invest in Laundromats?0:19:34 The 1st Location0:24:55 White Box Conversion vs Retool Existing Laundromat0:26:58 Competitive Analysis of Store0:29:35 Thoughts on Free Dry0:33:16 The data – Why this model?0:37:11 Eliminate TV’s??0:41:24 Layout of 1st Store0:44:13 How to Balance Through-Put and High Rent0:47:38 Building a Staff0:55:19 Why Left Eastern Funding for this “Passive” Venture0:57:46 The 2nd Location1:00:00 Masterclass on Store Valuation1:06:36 Future Plans1:09:04 Advice
75:33 2/1/23
The Change That Increased Revenue 32% with Tim & Dustin Gill S3E58
Tim's 1st laundromat lost $70k, until he took the advice of an old friend. Could these changes turn your store around too? Listen as Tim & Dustin Gill of Jacksonville, FL and Atlanta, GA share this father-son story of entering the laundromat industry. As they discuss their journey from 1 to 4 stores with Dave & Carla Menz, they share the advice they've learned along the way. There are many "golden nuggets" to learn, so be sure to follow along!Referenced Links: • Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest’s websites:• Bay Meadows Laundry: https://baymeadowslaundry.net/• Patio Laundry: https://patiolaundry.com/Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryLaundroworks Card Systems: www.laundroworks.comHuebsch & Speed Queen Equipment: https://alliancelaundry.com/Our Episode on Staffing: https://youtu.be/FxcHafohi3gTimestamps00:00 Laundromat Millionaire Intro02:10 Tim’s Laundromat Backstory06:05 Why switch to 24 Hour & Cards Only10:36 Tim’s 1st Store 12:37 Attended all 24 Hours??16:19 Dustin’s Laundromat Backstory19:55 Dustin’s 1st Store (Tim’s 2nd)22:31 Marketing Ideas for Your New Store31:30 Advice on Handling Employee Mistakes36:32 Dustin’s 2nd Store (Tim’s 3rd)41:15 Tips on Staffing43:41 Should Every Store Be Open 24 Hours?46:34 Getting the Store Profitable48:24 Switching Payment Systems50:18 Tim’s 4th Store52:43 Elevating the Industry55:54 Advice
64:04 1/19/23
The 3 Keys to Successful Staffing w/Dave & Carla Menz
Is staffing your laundromat an issue? Trouble finding reliable employees? We've been there! But, after years of trial and error, we now have an AMAZING team and a pretty good system for finding new team members. Listen as Dave & Carla Menz share the tricks they've found to keeping your laundromat well-staffed and always open for business!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryTimestamps00:00 Laundromat Millionaire Intro03:29 Why Staffing Is a Huge Problem for Laundromats04:51 The Keys to Staffing Your Laundromats Successfully07:27 How to Build Your Facility for Versatility17:03 How to Hire and Retain Quality Employees29:48 Scheduling with Back Ups45:42 The Manager is the Last Resort55:16 Closing Thoughts
56:53 1/4/23
Simplifying Multi-Store Ownership w/Matt Hylton
He works a full-time job, owns 2 gyms, 4 laundromats, and still has time for his family! How does he do it?? Follow along as Matt Hylton shares with Dave & Carla, his secrets for managing multiple laundromats more efficiently. Also, as a hands-on owner who does repairs himself, he reveals the difference between various washing machine types to help you get the most out of your money. Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvGuest’s Website: https://megawashkc.com/Guest’s Facebook: www.facebook.com/megawash_kcOur 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/deliveryThe Laundry Boss website: https://bccpayments.com/laundryboss/Electrolux website: www.electroluxprofessional.comTimestamps00:00 Laundromat Millionaire Intro03:37 Matt’s Backstory06:02 Why Laundromats?10:29 Buying the 1st Store and Expanding to 315:54 His Laundromat Models19:43 Why Move Away from Unattended?21:55 Can You Actually Make Money with WDF?25:23 Matt’s Pick-Up & Delivery Journey & Obtaining Smoke Remediation Clients30:00 Unattended = No Labor??30:56 The Hub & Spoke Model to Expand Your Market32:46 The Essential Technology for Your Store & What to Look For in a Payment System36:46 Buy New or Used Equipment When Retooling a Store39:56 The Difference in Soft Mount Equipment & Are They All the Same?46:02 What Sets You Apart – Your Competitive Advantage50:13 Another Venture & Fitness Goals52:20 How COVID Shifted Matt’s Perspective on Laundromats57:34 Advice – What Would You Have Done Differently?59:13 Matt’s Contact InfoLearn more about your ad choices. Visit megaphone.fm/adchoices
60:01 12/14/22
Top 10 Reasons Laundry Delivery Businesses Fail to Thrive with Dave & Carla Menz
It's one of the hottest topics in the Laundry Industry - Laundry Pick-Up & Delivery! But why do so many struggle to make a profit doing it? Follow along as Dave & Carla Menz outline what they believe are the Top 10 Reasons other laundromat owners have struggled to find success in this market. This is one countdown you won't want to miss!Referenced Links: ·       Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching·       H-M Company Drain Troughs: https://draintroughs.com ·       Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o  Contact Mike directly: Mike.Kelly@Atmosphere.tv Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryCents delivery software: www.trycents.comTimestamps00:00 Laundromat Millionaire Intro00:01:09 #10 Mistake – The Numbers00:09:27 #9 Mistake – On Demand00:14:22 #8 Mistake – Short Runway/Scalability00:22:56 #7 Mistake – The Supply Chain00:26:42 #6 Mistake – Technology00:29:16 #5 Mistake – Vehicles & Drivers00:32:19 #4 Mistake – Customer Service00:34:18 #3 Mistake – Processes & Procedures00:36:57 #2 Mistake – Pricing00:41:22 #1 Mistake – Revenue Sharing00:48:28 The Only Exception01:04:21 The Big Picture01:09:09 Bonus Mistake01:12:26 Final ThoughtsLearn more about your ad choices. Visit megaphone.fm/adchoices
75:41 12/1/22
Our Big Reveal for Laundromat Owners with Dave & Carla
After several months of work to make it happen, we are finally revealing what we have been up to - an amazing Community built just for laundromat owners! Follow along as we give you a guided tour and stay til the end for a limited offer!Referenced Links:•Dave’s Coaching: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: 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: www.queencitylaundry.comOur pick-up and delivery laundry services: www.queencitylaundry.com/deliveryCLA’s Wash Dry Fold Workshop: www.coinlaundry.org/wdf2022/Timestamps00:00 Laundromat Millionaire Intro01:07 Why We’re Creating This New Resource – the Evolution of Laundromat Millionaire05:40 The Laundromat Millionaire Community06:10 Private Chats vs Facebook Group09:47 Tour of the Community Membership17:10 Chats with Dave Tour19:40 Reviews for Products, Services & Distributors26:19 Business Forms & Templates Tour29:32 Laundromat Supplies Tour35:40 Member Discounts Tour37:04 Marketing Tools Tour38:51 Community Videos Tour41:17 Founder’s Membership + Discount CodeLearn more about your ad choices. Visit megaphone.fm/adchoices
44:53 11/16/22
Self-Serve: What Price Is Right??
Dave is famous for saying, "You need to raise your prices!", but do you? If so, by how much and how do you do it without chasing off too many customers?? Learn this & more as Dave & Carla Menz discuss the answers to these questions and help you determine the value proposition and pricing strategy that best fits your self-serve laundromat.Referenced Links: •Dave’s Coaching: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryOur Story: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcsOur Coaching, Courses & Workshops: https://laundromatmillionaire/home/coachingSeinfeld video clip: https://www.youtube.com/watch?v=E3xwFanvTjAOur Free Resources: https://laundromatmillionaire/resourcesAquawing/SanOWash: http://www.aquawingozone.com/products/sano3wash.html“Fancy Like” by Walker Hayes clip: https://www.youtube.com/watch?v=G_zuB-ogIBwCLA’s Wash Dry Fold Workshop: www.coinlaundry.org/wdf2022/Timestamps00:00 Laundromat Millionaire Intro01:50 Self-Serve Pricing – Why You Need to Raise Your Prices05:10 Your Value Proposition vs Competitors in Your Submarket08:04 Your Value Proposition vs the Industry09:48 What If Competitor Is Under-Priced?12:57 How to Determine Your Value Proposition16:14 The 2 Parts of Your Business18:30 What Is Your Business Model and Who Is Your Avatar?19:09 The 3 Basic Business Models28:46 Is Your Ideal Avatar In Your Submarket?30:48 Less Customers Might Be A Good Thing!32:15 Who We Serve Through Our Self-Serve Laundromat34:31 How We Price Our Washers and Dryers38:03 Vending Pricing38:35 How to Raise Prices Without Scaring Off CustomersLearn more about your ad choices. Visit megaphone.fm/adchoices
44:52 11/3/22
Laundromat Floods: Proactive vs Reactive
The call every laundromat owner dreads; BUT it's completely AVOIDABLE! Follow along as Dave & Carla discuss drainage systems, what's ideal and what to do if yours isn't. With over a decade in the industry and experience with various types of systems, this is some advice laundromat owners won't want to miss!Referenced Links: •Dave’s Coaching: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryOur Story: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcsEpoxy Pipe video clip: https://www.youtube.com/watch?v=E6O8vFVkdysNew Store Renovation Video: https://youtu.be/uiO6u2ys7J4Aquawing/SanOWash: http://www.aquawingozone.com/products/sano3wash.htmlTimestamps00:00 Laundromat Millionaire Intro02:30 Our Background with Drains/H-M Company05:12 The 2 Parts of the Drainage System07:40 The Floor Drain: how big should it be?09:27 First Step in a New Store – Cameras!10:32 A Great Option to Replacement – Epoxy!12:39 Keeping Up with Drain Maintenance14:10 Options for the Bulkhead – Open or Closed?17:35 How a Drain Trough Works19:02 How a Closed System Works20:11 What Causes Laundromats to Flood?21:34 Whole Store Lint Interceptors23:46 Do Drain Troughs Create a Bad Smell? How to Prevent/Eliminate it!25:56 The Perfect Drain System30:00 The Importance of the Pitch36:06 What If Dropping Trough Into Floor Not an Option?39:03 Closing RemarksLearn more about your ad choices. Visit megaphone.fm/adchoices
40:39 10/20/22
Are Laundromats "Cash Cows"? with Dave & Carla Menz
Social Media shows countless videos of collecting the coins and cash from owning a laundromat, but is a laundromat really a "cash cow"?? Is it really a passive business? Listen as Dave and Carla Menz discuss this idea and how they have become passive owners in their laundromat business.Referenced Links:• Dave’s Coaching: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Website: 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: www.queencitylaundry.comOur pick-up and delivery laundry services: www.queencitylaundry.com/deliveryBuy Dave’s Book: www.laundromatmillionaire.com/bookOur First Episodes: https://youtu.be/NpvRxaWmWaY and https://youtu.be/O-ctFcOIEcsTimestamps00:00 Laundromat Millionaire Intro00:58 “Passive Business” defined03:50 Passive Owner versus Passive Operations06:36 Yes, a Laundromat Can Be Owned Passively!09:49 Passive versus Flexible11:53 Why We Chose Laundromats13:33 “A Laundromat Runs Itself!”16:37 Our Journey to Passivity21:06 Building in BackupsLearn more about your ad choices. Visit megaphone.fm/adchoices
26:08 10/5/22
Should You Buy or Lease? with Raphael Collazo
Is it better to buy the building or just lease the space for your business? Raphael Collazo, a published author, speaker, performance coach and commercial real estate agent shares his advice on how to make the best choice for your business. Listen as Dave & Carla Menz also question him on what to look out for before you sign that lease or buy that building. This episode is a must for anyone faced with this age-old business decision!Referenced Links:• Dave’s Coaching: www.laundromatmillionaire.com/coaching• H-M Company Drain Troughs: https://draintroughs.com• Link to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”o Contact Mike directly: Mike.Kelly@Atmosphere.tvOur Guest’s Website: www.raphaelcollazo.comOur Guest’s Youtube: https://www.youtube.com/c/RaphaelCollazoOur Guest’s LinkedIn: https://www.linkedin.com/in/raphaelcollazo/Our Guest’s Podcast: The Commercial Real Estate AcademyOur Website: 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: www.queencitylaundry.comOur pick-up and delivery laundry services: www.queencitylaundry.com/deliveryCRE Podcast episode with Dave: https://www.youtube.com/watch?v=nb7JYGmbN7UThe Compound Effect by Darren HardyTimestamps00:00 Laundromat Millionaire Intro02:44 “Slow and Steady” or “Accelerated Growth”?04:13 Raphael’s Backstory08:17 Raphael’s Books – Before You Sign That Lease12:53 What’s Reasonable for a Tenant Improvement Allowance?14:59 Leverage Created in Leasing a Retool16:45 Items to Include in the Lease19:17 Guidelines for CAM Charges20:50 How Decide Buy or Lease?23:27 Having an Expert on Your Side24:46 Raphael’s Books – Before You Buy That Building29:56 Getting an Agent for FREE!33:30 Building Your Brand, Improved Marketing37:44 Where to Start with Branding41:19 GeoCentric Marketing Focus43:03 Raphael’s Contact Info44:30 The Formula for Success at AnythingLearn more about your ad choices. Visit megaphone.fm/adchoices
47:07 9/21/22