Yesterday, I had the opportunity to discuss the vended laundry business with Dave Menz, the Laundromat Millionaire. Dave, as you can imagine, is a really great person, and his better half, Carla, is just that. They are a fantastic team looking to bring unbiased information to you in hopes of winching the entire industry up notch at a time.
Our specific discussion surrounded when to buy and rebuild a laundromat or when to build from the ground up. I believe the answer lies with the business owner him or herself. The most important step that any prospective or veteran entrepreneur takes toward success is a deep knowledge of their own self. How much risk can that person rationalize? How can they reconcile the risk verse the potential reward? How comfortable are they with the looming possibility of disaster?
Secondly, of course, is a simple availability calculation. What is available in the market?
Anyway, I hope you enjoy. You will find the podcast by clicking this link, or putting this mumbo jumbo in your browser and hitting the go button:
Many thanks to the Menz family for allowing me to take up part of their time and space on their podcast.
Keep ’em turning,JD