Choosing the Business Model for You with Todd Fener

There's more than one way to run a successful, profitable laundromat that serves the community, but which is right for you? Follow along as Dave "Laundromat Millionaire" Menz and his wife, Carla discuss the possibilities, the pro and the cons, with Distributor and fellow Multi-store Owner, Todd Fener. Should you be attended or unattended? Add Wash-Dry-Fold service or self-serve only? Be the low price leader or the the customer service leader? Listen as they debate and you decide!Referenced Links:The Laundromat Millionaire Conference: www.laundromatmillionaire/conferenceH-M Company Drain Troughs: https://draintroughs.comLink to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”Contact Mike directly: [email protected]’s Website: www.lowlaundry.comOur website: 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/cincinnatiWallStreet movie clip: https://www.youtube.com/watch?v=-WJ_2ycsHl8Paul’s Rib Shack Barbecue: https://www.paulsribshackbarbecue.com/Coin Laundry Association: www.coinlaundry.orgJim Schultz with Midwest Laundries: https://midwestlaundries.com/Mike Gekelman with Superior Laundry Equipment: https://superior-laundry.com/Triad Laundry Equipment: https://triadlaundry.com/Ken Barrett with Washin Coin Laundry: https://washincoinlaundry.com/R&B Wire Laundry Carts: www.rbwire.comThe Wash House: www.thewashhouseinc.comLaundry Cares: www.laundrycares.orgDexter Laundry: www.dexter.comEastern Funding: www.easternfunding.comCoin Laundries: Road to Financial Independence by Emerson HigdonThe 4-Hour Workweek by Tim FerrissTimestamps:00:00:00 Laundromat Millionaire Show Intro - Quotes00:02:38 Make Time for Fun00:04:04 Value of In Person Conferences00:06:27 Todd's Backstory00:13:27 The Wall Street Job & the Lessons00:22:24 Career Shift to Laundromats00:25:52 From Laundromats to Distributorship00:30:32 Keys Behind a Successful Distribution Business00:32:35 What to Look for in Equipment00:35:01 Should You Focus on the Macro or the Micro?00:41:39 Laundromats - a Commodity or a Service?00:49:44 Sharing the Knowledge00:56:53 Releasing Control & Trusting a Team00:59:34 Correcting the Misconceptions01:02:05 Two Types of Networkers01:04:06 Building a Team & the Keys to Leadership01:11:17 Shout Outs01:14:43 LM Conference After Party!Learn more about your ad choices. Visit megaphone.fm/adchoices