Advice on Buying and Retooling a Laundromat with Daniel Sofranko

From convincing an owner to sell to completely refitting an existing laundromat, listen as Dave "The Laundromat Millionaire" Menz and his wife, Carla, interview Daniel Sofranko, owner of Perfect Wash Express Laundry Center in Huntington Beach, California, made his laundromat vision a reality!Link to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”Contact Mike directly: [email protected] Links:Our guest’s website: www.perfectwashhb.comOur guest’s email: [email protected] to Daniel’s articles in Planet Laundry: https://planetlaundry.com/author/Daniel/For consulting services: www.laundromatmillionaire.comOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our 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.happynest.com/locations/ohio/cincinnatiCoin Laundry Association: www.coinlaundry.orgContinental Girbau West distributor: https://cg-west.com/Planet Laundry magazine: https://planetlaundry.com/Seinfeld “No Soup For You”: https://www.youtube.com/watch?v=ryNxl-lpOMETimestamps:00:00 Intro Laundromat Millionaire Show - Guest Quotes01:58 Daniel's Backstory - Generations of Entrepreneurs06:01 The Jobs That Prepared Him for Laundromats08:00 The Most Motivating Word is "NO"10:35 Finding a Job During the Great Recession12:20 Real Estate, Laundromats, or Squirrels??13:28 Researching the Laundromat Industry17:20 Why is the Laundromat Industry So Great?18:24 Importance of a Great Distributor22:43 Buying His 1st Laundromat26:09 Convincing an Owner to Sell - The Business Plan28:45 Creating Relationship Capital30:59 Converting a Dump into a Palace33:26 Optimizing a Small Space36:56 Daniel's Business Model37:56 What to Focus on in Your Laundromat39:34 Growing & Getting Profitable42:31 Launching Drop Off and Pick Up & Delivery Services44:22 How to Find Commercial Customers45:16 Finding Your Niche45:41 Developing a Team47:27 How to Attract Great Clientele50:15 A Passive Business??52:15 Contacting Daniel SofrankoLearn more about your ad choices. Visit megaphone.fm/adchoices