The Art of Laundromat Valuation with Stephen Gramaglia

Whether it's examining the competitive analysis and demographics around a white box location or the total valuation of an existing laundromat, Stephen Gramaglia has the experience and advice you need. As former COO of laundromat financing giant, Eastern Funding and now an owner of multiple laundromats himself, Stephen shares his journey and his expertise in this in-depth interview with Dave & Carla Menz. Get your notepad ready, because this one is full of those golden nuggets!!Referenced Links: •Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching•H-M Company Drain Troughs: https://draintroughs.com•Link to get Atmosphere TV: https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”oContact Mike directly: [email protected] Guest’s website: https://clean-freshlaundromat.com/Our 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/deliveryEastern Funding: www.easternfunding.comPace University: www.pace.eduDave & Buster’s: www.daveandbusters.comPursuit of Happiness movie clip: https://www.youtube.com/watch?v=K-AmgjHI1wgQ&A with Brian Grell: https://youtu.be/AcS7B1l1Y0AEpisode with Eastern Funding Founders: https://youtu.be/NLcTQ-3eA20Metropolitan Laundry Machinery: www.metropolitanmachinery.comLaundroworks Card System: www.laundroworks.comEpisode with Atmosphere TV: https://youtu.be/7Gwh0ZsWfhcTimestamps0:00:00 Laundromat Millionaire Intro0:03:16 Stephen’s Backstory0:10:37 An Offer from Eastern Funding0:14:39 Why Invest in Laundromats?0:19:34 The 1st Location0:24:55 White Box Conversion vs Retool Existing Laundromat0:26:58 Competitive Analysis of Store0:29:35 Thoughts on Free Dry0:33:16 The data – Why this model?0:37:11 Eliminate TV’s??0:41:24 Layout of 1st Store0:44:13 How to Balance Through-Put and High Rent0:47:38 Building a Staff0:55:19 Why Left Eastern Funding for this “Passive” Venture0:57:46 The 2nd Location1:00:00 Masterclass on Store Valuation1:06:36 Future Plans1:09:04 Advice