80. You Asked, We Answered with Dave "Laundromat Millionaire" Menz

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Taken from a Live Q&A that Dave and I do monthly, this episode is packed full of practical advice and tips for newbies and seasoned investors alike!

We answer a TON of questions, including:

• How to not get ripped off when buying a laundromat
• What to know when opening your first laundromat
• Can you downsize your water heater when you have o-zone
• How much capital you need to start
• Should you buy an existing store or partner with a franchise
• Best practices to use with dry cleaning
• Dealing with equipment delays
• Is self serve dying and wash and fold and pick-up & delivery the wave of the future
• Card, coin, or app payment systems
• Marketing techniques with proven success
• Email marketing ideas
• Monthly laundry subscriptions
• Price per bag or per pound for pick-up & delivery
• When should you find a laundromat mentor
• How often should you replace machines
• What are the margins on pick-up & delivery
• Good laundry lenders
• Average pounds per order for pick-up & delivery
• Are distributors price gouging
• Can you own a laundromat remotely

And much more!

Show Notes
https://laundromatresource.com/show80

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