Should You Buy That Laundromat?? with Claudio Vilas S4E63

Laundromats are often a great investment, but IS THAT ONE? Follow along as Dave & Carla Menz dive in deep on this topic with laundromat owner and business broker, Claudio Vilas. Learn from his wins and his mistakes as they discuss what makes a laundromat a good or bad investment, whether it's right for you, and how much you should pay. For those looking to get into or expand their portfolio in the laundromat industry, this is an episode you won't want to miss!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coachingOur Guest’s Websites: https://claudiovilas.sunbeltsfl.com and https://thelostsock.clubOur Guest’s LinkedIn: https://linkedin.com/in/claudiovilas Our Guest’s Facebook: https://www.facebook.com/claudio.vilas.967Our Website: www.laundromatmillionaire.com Our Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/deliveryJohnson & Johnson: www.jnj.comSpeed Queen Equipment: www.alliancelaundry.comLM Episode with Chris Michalek: https://www.youtube.com/watch?v=0FRazM37q3oPrime Capital Funding: www.goprimecap.comTimestamps00:00 Laundromat Millionaire Intro05:29 Claudio’s Backstory – Lessons for Corporate America16:18 Why Laundromats?18:31 The 1st Store22:03 The 2nd Store23:14 Adding a Partner = Big Mistakes25:40 Advice for New Laundromat Investors30:57 The Impact of CapEx41:10 Does It Have to be Turnkey?44:23 Buying the Cashflow vs Creating Wealth47:07 Being a Broker47:51 Closing Remarks