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/coaching
Our Guest’s Websites: https://claudiovilas.sunbeltsfl.com and https://thelostsock.club
Our Guest’s LinkedIn: https://linkedin.com/in/claudiovilas
Our Guest’s Facebook: https://www.facebook.com/claudio.vilas.967
Our Website: www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: www.queencitylaundry.com
Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery
Johnson & Johnson: www.jnj.com
Speed Queen Equipment: www.alliancelaundry.com
LM Episode with Chris Michalek: https://www.youtube.com/watch?v=0FRazM37q3o
Prime Capital Funding: www.goprimecap.com
Timestamps
00:00 Laundromat Millionaire Intro
05:29 Claudio’s Backstory – Lessons for Corporate America
16:18 Why Laundromats?
18:31 The 1st Store
22:03 The 2nd Store
23:14 Adding a Partner = Big Mistakes
25:40 Advice for New Laundromat Investors
30:57 The Impact of CapEx
41:10 Does It Have to be Turnkey?
44:23 Buying the Cashflow vs Creating Wealth
47:07 Being a Broker
47:51 Closing Remarks
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