Taking Action on a "Free" Laundromat with Yannick Tuwamo

Is that "Free Laundromat" really free? Yannick Tuwamo, owner of The Soapbox Global Laundry in Columbus, Ohio shares his journey into purchasing his first laundromat, the challenges and his advice for others looking to enter the laundry industry. Follow along in this interview with Dave & Carla Menz on The Laundromat Millionaire Show, pull out the "golden nuggets" to help you enter the laundry industry, find the right deal and create a profitable community resource!Referenced Links: Yannick on LinkedIn: https://www.linkedin.com/in/yannick-tuwamo-98577641/The Soapbox Global Laundry Website: https://sbglaundry.com/Our Website: https://www.laundromatmillionaire.comOur 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: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Our episode with Brett Lyon:  https://youtu.be/PxbmxlsWcOwDave Menz on Bigger Pockets Business: https://www.biggerpockets.com/blog/biggerpockets-business-podcast-56-dave-menzOur episode with SanOWash Ozone: https://youtu.be/uba2xsLJh_ETimestamps00:00 Service Provider Spotlight – LaundroBoost02:18 The Laundromat Millionaire Show Intro04:43 Yannick’s Backstory – from Real Estate to Laundromats15:01 Why Buy a Laundromat? Where Do You Start?17:55 What it means to “Take Action”19:42 The Zombiemat and Selling Your Vision27:23 The Renovation and Its Challenges31:33 The Real Cost of a “Free Laundromat”33:26 His Store Today35:27 Creating the Right Mix of Machines38:00 The Payment System40:58 Improving Reviews43:03 WDF, Delivery & Dry Cleaning44:34 Pricing for Machines & Services46:34 Challenges with Adding WDF47:49 Advice for Newbies Entering the Industry51:07 Yannick’s Future Plans53:02 Closing Remarks