Welcome back to another episode of the Laundromat Resource Podcast! This time, we're diving deep into the world of laundromat ownership with Jeff Grampp, who brings a systematic and strategic approach to running his business. Join our host, Jordan Berry, as he sits down with Jeff to explore his journey from financial services to owning a laundromat in Southern California.
Jeff shares insightful tips on securing the right deal, lessons learned in operations, and his unique knack for utilizing data to enhance business decisions. Whether you're a seasoned owner or looking to get your start in the industry, Jeff’s story is packed with valuable lessons and actionable advice. Tune in and discover how patience, thoughtful planning, and a focus on customer and employee experience can set you up for success in the laundromat business!
In this episode, Jordan and Jeff discuss:
00:00 Jeff Grampp: Finance and Real Estate Journey
06:10 Overcoming Hesitation with Coaching
15:12 Prioritizing Qualified Buyers
16:35 Creative Path to Buying a Laundromat
25:15 Avoiding Business Overreach Mistakes
31:35 Waiting for Lease Terms
34:41 Navigating Real Estate Purchase Challenges
41:18 Craigslist Job Survey Screening
47:20 Flexible Store Cleaning Schedule
50:07 Estate Administration Challenges
55:57 "Learning and Adapting to Automation"
59:54 Quick Laundromat Improvements Boost Business
01:06:47 "Laundry Match Promotions: Costly Mistake"
01:10:00 Customer Support and Training Commitment
01:16:27 Pre-Purchase Worry and Reassurance
01:23:16 "Strategizing My Business Expansion"
01:26:08 Laundromat Industry Competition Insights
01:34:44 Planning and Funding for Business Upgrades
01:38:05 Seller Finance: A Negotiation Red Flag
Show Notes
https://laundromatresource.com/show186
Resources
Website: https://www.superwashdrylahabra.com/
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