Creating Profits on a Small Budget with David Gramke - Episode 14

Learn how to make the most of your small laundromat on a small budget with David Gramke of Premier Laundry Solutions in Indiana. Listen as Dave "The Laundromat Millionaire" Menz and his wife, Carla discuss how he turned a career ending injury in the automobile industry into a thriving profession in laundromats. Gramke shares how he makes the most of his small space, builds a team to provide unbeatable customer service, and his journey into adding a laundry pickup and delivery service.Referenced Links:Our Guest’s website: https://premier-laundry.com/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.orgRick Rome’s WashClub Trak: http://www.washclubtrak.com/Fast & Furious car race scene: https://www.youtube.com/watch?v=nfV87TgYH78Social Media fakeness clip: https://www.youtube.com/watch?v=0EFHbruKEmwTimestamps:00:00:00 Laundromat Millionaire Show Intro - Quotes00:01:48 Growing up in Germany00:07:49 Culture Shock coming to America00:10:48 Moving up the ranks in the automotive industry00:14:49 Career ending injury00:16:07 Unemployed and searching for a new profession00:17:45 What's a "laundromat"??00:19:27 Buying & Renovating 1st Laundromat00:22:19 The First Week's Revenue00:23:29 Making a small store profitable00:25:33 Serving the Community00:26:45 Differentiating a business on a small budget00:28:02 Marketing to create growth00:32:18 Changing the business strategy00:39:43 A 2nd Laundromat & Rising Competition00:43:12 Building a Team & Creating a Family Atmosphere00:50:18 Renovating the 2nd Store00:55:09 PickUp & Delivery Journey01:04:15 Final Comments01:07:05 David Gramke's contact infoLearn more about your ad choices. Visit megaphone.fm/adchoices