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.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
H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & 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/PxbmxlsWcOw
Dave Menz on Bigger Pockets Business: https://www.biggerpockets.com/blog/biggerpockets-business-podcast-56-dave-menz
Our episode with SanOWash Ozone: https://youtu.be/uba2xsLJh_E
Timestamps
00:00 Service Provider Spotlight – LaundroBoost
02:18 The Laundromat Millionaire Show Intro
04:43 Yannick’s Backstory – from Real Estate to Laundromats
15:01 Why Buy a Laundromat? Where Do You Start?
17:55 What it means to “Take Action”
19:42 The Zombiemat and Selling Your Vision
27:23 The Renovation and Its Challenges
31:33 The Real Cost of a “Free Laundromat”
33:26 His Store Today
35:27 Creating the Right Mix of Machines
38:00 The Payment System
40:58 Improving Reviews
43:03 WDF, Delivery & Dry Cleaning
44:34 Pricing for Machines & Services
46:34 Challenges with Adding WDF
47:49 Advice for Newbies Entering the Industry
51:07 Yannick’s Future Plans
53:02 Closing Remarks
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