Financing in the Laundromat Industry

The Laundromat Industry is a capital-intensive business which demands some investment! Need money to make those laundromat dreams come true? Follow along as Dave "Laundromat Millionaire" Menz and his wife, Carla interview Chris "Money" Michalek as he reveals the secrets to obtaining financing as well as achieving success in the laundromat industry!Referenced Links:The Laundromat Millionaire Conference: www.laundromatmillionaire/conferenceLink to get Atmosphere TV:https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”Contact Mike directly: [email protected] guest’s website: https://www.goprimecap.comOur guest’s phone number: 847-858-2718Our guest’s email: [email protected] 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/cincinnatiTimestamps:00:00:00 Intro Laundromat Millionaire Show Quotes00:04:38 Giving that Personal Attention00:05:18 Dave reflects on experience with Chris00:10:30 Why focus on Laundromat Lending?00:15:52 Other areas of the business00:18:29 Evaluations Projects for Customers00:21:37 A Partner with a Vested Interest00:28:08 Importance of having an Experienced Consultant00:29:20 Know why the seller is selling00:31:21 Helping to Navigate the Deal00:32:47 Dave & Chris on the Pursuit of Pick-Up & Delivery00:35:54 Advice for those New to Industry00:39:04 Traits for Success00:41:39 Importance of Networking and the LM Conference00:42:53 Financing for a Retool of Existing Laundromat00:47:20 Leases??00:51:13 Credit Application Process & Acceptance00:53:46 How the Location Factors In00:55:31 Borrowing to Accelerate Growth00:57:24 Financing a New Build00:59:16 When is buying the real estate ok?01:02:14 Contact InfoLearn more about your ad choices. Visit megaphone.fm/adchoices