Excellent story, but PLEASE stop talking while your guest is talking. It’s annoying to hear you over talk your guest. Replay and see what I’m talking about.
I came across this video by accident and Im blown away by this business owners knowledge and passion for the laundry business. He's honest, transparent and a people person, a rare business owner. Great video!
I find most business owners love to share their experience. Most owners feel they are so obsessively focused on their business they are trained to not want to bore people with it.
"a rare business owner" nonsense. Most business owners are great people. The idea that they're not is nothing but disgusting, envy-ridden Marxist propaganda from the MSM and Hollywood. Politicians on the other hand... there's only one type of person who gets excited about the prospect of controlling other peoples lives through the threat of violence - psychopaths.
One reason I love laundromats even when I have a washer and dryer downstairs at the apartment complex is you get it done in One hour instead of 3-4hrs.
I have a washer and dryer in my apartment complex and it doesn't take me that long. Are you saying the washer cycle and dryer cycle downstairs at your apartment complex takes too long vs a laundromat? Or are you waiting on machines because other people are using them in your apartment complex? Anyone who reads this, help me out here.
How soon are you expanding and getting a second one? Wouldn't your bank be interested in a business loan since you're already doing well at your first one?
you know?? this person made me emotional. His passion, his big level of integrity, his emotional maturity, his intelligence, his heart... wow this is a real entrepreneur! chapeau
Glad to hear that Dave's story resonated with you so deeply. Their passion, integrity, and emotional maturity truly set them apart as a remarkable entrepreneur. Thank you for sharing your thoughts!
As someone who lives in NYC, I agree that this type of business will only continue to grow. My building didn’t have laundry when I first moved in. The ONLY option was drop off/pickup - which resulted in leaving laundry bags outside our apt door for a 8PM-midnight pickup window once a week. Even AFTER the landlords provided laundry to apt residents - most people still preferred the laundry pick up service. WHY? It was the easiest way to get your laundry done. Spending zero time in laundry room, no worries about waiting for a machine to open up - and no need to fold your laundry. Totally LOVE laundry delivery services!!
The laundry mat down the road from me is a GOLDMINE. Open 24/ 7 security cameras, a bathroom, climate controlled. Look, it provides a necessary service for people. Never had a problem whatsoever. Everybody gets along. It's super convenient!
@@LaundromatMillionaire I’m sorry you felt embarrassed. Working 90-100 hrs a week sounds like survival mode for your family. That is honorable and I’m happy that you have set your self up to not have to continue at that rate. Wishing you continued success. ❤🎉
This is such an admirable story and incredible business. THANK YOU SO MUCH for sharing your story 🙏🏾👑👑 king of the laundry SERVICE business! @@LaundromatMillionaire
👀 Currently pushing out 100+hrs a week, every week. It's been about 3yrs now. I'm nearly at the finish line. Watching this video has been inspiring & confirmation that I'm on the right track. Congrats on your success man. Super happy for you.
@@RajKannu-qz5udthe guy in the video literally says himself he didnt see his family in the beginning cause he worked 90-100+ hrs a week. so watch the video if you wanna know so bad.
I use a Laundromat every two weeks for my work laundry, I have a cleaning company, and I think about running a Laundromat ALL. THE. TIME. this is great info
You can do it. Just start saving for the location building, equipment, material; build up your credit for an SBA loan for the rest and you are on your way to own your laundromat.
I'm not a business person (I'm a retired nurse), never used a laundromat, not interested in owning one but somehow spent 48 minutes very engaged watching this video when it popped up in my feed for some reason. Thank you.
@@TheeOne4.44People are bringing their kids to the laundromat anyway. It’s awesome that they have a designated area where kids can be entertained rather than having bored kids running around the whole time while their parents yell at them to sit down.
Always that one smh. Kids exist, so do single parent homes and even both parent homes and guess what everyone is looking for something to make their life a little easier. Don’t like the idea, don’t go. That’s the great thing about America, you don’t have to if you don’t want to.
This might have been the longest video I've watched while being completely engaged. You had me the whole time. I couldn't believe all the good info the video was dishing out for free. Kudos to your guest. I'm so very impressed with the smarts and willingness to mentor and inspire.
I've been using a laundromat 1x per week for the last 8 years. I rent a room in a home w/ washer and dryer. The logistics - figuring out who's doing what w/ the machines, plus mechanical break downs left me frustrated. I solved all problems laundry by using a laundromat. I get a week's worth of laundry done, grocery shopping, mail pick up at my post office box, my nails done, visit the library, get my taxes done (the laundromat's in a neighborhood shopping center) in under four hours for under $20. It's nice to say I'm not stepping on machine user toes, or personal items here at home -- period. Love the laundromat.
DELAYED GRATIFICATION! This gentleman HAD to develop a plan and he knew he had to learn multiple skills in order to complete his dream. People these days “fake it” but never “make it” because they spend what they earn instead of reinvesting while keeping their long term goals in mind. Would love to hug 🤗 this guy!
Exactly. I see that all the time, too. But it always seemed like gambling. Sure, sometimes things work out great, but more often, they fail. This guy had rock solid advice.
Excellent business model! Laundromat for each member of your family. One never realizes how much sacrifice, effort, hard work, and financing that goes into opening and running a business. They just see that someone is making money. Profit comes years after the business is running hopefully. We should all appreciate the small mom and pop business in the respective communities.
This is the kind of guy you wanna work with! He's got clear cut objectives! He knows what he wants and truly has what it takes to become a successful entrepreneur. Not your typical armchair boss😅 And I admire his forward-thinking approach to this type of business. He really understands innovation - and competition. It's really hard to relax when each day you see there's an improvement elsewhere. You really have to keep up or one-up the competition.
His gross revenue per employee is $45k/yr. Why do you want to work for anyone what attempts to pay you, AND operate a business, and starts with $45k? Describe how YOU can make $35k/yr from that revenue stream?
I run a service business in the creative industry and gotta say this was awesome. I learned a lot of tips on how to serve better. I really enjoy watching people who put pride and innovation into their business and care about who they are serving. So many businesses shouldn't be in business. Customer service is at an all time low and it's a money grab everywhere. This was refreshing to see an operator so passionate about his biz.
I'm obessessed with the laundry business. What's wrong with that? You're good at something, you serve your community and you are providing for your family and employees that is not a bad life right there.
I wish you had asked about taxes, insurance, waterbill, and ither utilities. Do they recycle water, the cost and business contact. Plz create a part 2.😁
Look at my analysis. First, just divide 40 persons into $1,800,000 and tell me how much revenue each employee generates GROSS REVENUE. Then respond with a detailed eye from there.
One of the most interesting businessmen on this platform. I enjoyed listening to him; he was very open and knowledgeable about the business. I loved his enthusiasm and passion for the laundry business. Great interview!
I LIKE THIS DUDE. REMINDS ME OF MYSELF. ALL MY COWORKERS CALLED ME CRAZY FOR WORKING SO MUCH OVERTIME. EVEN ON MY TWO DAYS OFF I WOULD DO 32 HRS OF OT. BOUGHT MY HOUSE IN CASH OUTRIGHT. BRAND NEW 2023 HOUSE WHILE UNEMPLOYED. NOW EMPLOYED AGAIN AND GRINDING WITH HARD WORK. NOTHING COMES EASY. I STILL DRIVE MY 2007 HHR CHEVROLET. MY 2023 NEW HOUSE SPEAKS FOR ME DAILY
@@UpFlip THANK YOU. YOURE A BEAST. ONLY WAY TO BE FINANCIALLY STABLE AND GROW IS THROUGH MERE SACRIFICE. YOU DID IT FOR YOUR FAMILY. THATS COMMENDABLE BY ITSELF
When I read your comments …it reminded me of my mother. She toiled soooo hard, I learnt work ethics from her. As a young mother, she watched me working , studying at nights, looking after my family of two very young kids, working a corporate job at 60 hr week, no OT because I worked in accounting…they didn’t pay OT…she was very worried about me and asked me to slow down. I looked at her and said you never slowed down when you were my age …what’s your concern? She said I worked harder than her. She knew I only slept on average 4-5 hrs max per day, and that is very bad she said. Fast forward many years , I am reaping the fruits of my labour. Now…I see my adult children working very hard to create their own wealth. Children learn how to sacrifice when they witness their parents build something for the family. They can’t marry lazy spouses …they know it will kill the marriage . Love never overcomes these traits, it’s a battle you don’t want on a daily basis. It breaks your spirits. My grandfather was an immigrant who didn’t speak English when he arrived…. He said, You have to outwork your peers as a girl of immigrants as well as be wise about money. Then one day you will believe it is possible because you also made the sacrifices to have less bling and more money saved. I honour my parents and grandparents by ensuring my children replicate all I was taught. It’s not easy when their friends don’t do it …but they have courage and say No when it’s distracting them from their ultra goals. They got their priorities right. Diamonds are not a girl’s best friend ….. nope ! Wealth in cold cash is along with great family relationships and few solid friends who have your back! LOL This laundry mart owner has the will power and discipline to do whatever it takes to make his magic happen. Great video telling his life story!
@@brigittelee9730 IN 4 YEARS, I WILL BUY MY NEXT PROPERTY IN CASH OUTRIGHT, I SET A CHECKING ACCOUNT ON WORK DEPOSITS THAT DON'T GET TOUCHED AT ALL, IT ALL GOES IN , NOTHING COMES OUT AND I PAY MY BILLS WITH THE OTHER ACCOUNT. YES I PRIORITIZE HEALTH AS WELL, MY THUMBNAIL BICEP IS REAL AT 49 YRS OLD NATTY
This is a well planned out laudromat business. Adding the PICKUP and DELIVERY services is what's making his business successful. And now including a course and "advertising" on Upflip, this guy is not dumb. It shows that college isn't for everyone, or even necessary in certain cases. If existing low profit laundromats added this service, this gentleman wouldn't be buying their business out. Try to even contract out the pickup and delivery service to a local so you don't have to buy vans, drivers, and insurance - the contractor uses their own vehicle. All the contractor does is bring the clothes to your facility and delivers them back to the customer. Tip: Instead of hiring full-time employees to wash clothes, use a couple of temp agencies and have temp employees on a long-term basis - there's no overhead for you, the owner. You're welcome. 🎉
you have some very good ideas business wise only part im not fully on is the temp thing because in this day and age you want good people to get paid good salaries as well and temps typically get the short end of the stick work wise...in my opinion
Temp agencies don't gurantee employment attendance all the time and that would be a risk for him and he didnt become successful doing things day in and day out. Poor suggestion there bud.
I had to laugh when you said laundry service didn’t exist 10-15 years ago. I’m 68 and my Grandmothers did not do laundry. They didn’t even own washing machines. Everything except underwear, which they hand washed, went to the local laundress. Growing up, my Mother sent all shirts and bed linens to the laundry. I still remember her being asked what level of starch she wanted in the shirts and if she wanted them folded or on hangers. I think the big change came with permanent press fabrics because doing the laundry required ironing, which took a lot of time. Once you could just hang things up from the dryer and have them look OK, I think more people started doing all their laundry at home. I actually use the laundromat occasionally, mostly for large things like quilts and pillows, but have fond memories of the laundry being delivered and suddenly having a closet full of clean shirts and crisp cotton linens on my bed.
That first laundromat!! I spent a lot of time there as a kid. Glad to see you saved it. I no longer live in Ohio, but when I come back to visit imma stop by!
FORGET THE LAUNDRYMAT, DAVE IS WHATS RIGHT ABOUT THIS WORLD, AND HIS WIFE CARLA AS WELL. THANK YOU. FOR SHOWING THE WORLD THAT LIVING FROM THE HEART, KINDNESS AND BEING THERE FOR PEOPLE NEEDS TO BE THE MODEL FOR THE FUTURE. HAPPY HOLIDAYS !
One thing I love about Americans is they seem very open and willing to give business advice. Where I live it's the opposite and those doing well guard it like a state secret.
This guy would be successful in any business. Good personality great attitude and work ethics and hunger for knowledge...definitely shark tank material. All the best
On a smaller scale, I have installed many automatic laundry, chemical injection systems in laundry mats. The owners would have one or two of their 60 pounders set aside for wash dry fold used by their attendant. It’s awesome to see this laundramat! Awesome video!
The Hydro equipment not only saves the customer a trip to the store for product they have to lug along with their laundry, it’ll save the operator in dumpster waste costs. Trash receptacles on the floor need to be emptied less, saving on trash bag costs and increasing labor efficiencies. Lots of time/cost savings for the facility and the customer!
The one thing I took away from this is that you don't need to be in tech or have the newest idea to be an entrepreneur. You can take what worked previously, see how people are failing at doing it, improve it and modernize it in the process to get the business going. Of course, the amount of effort and time that the owner spent in this is insane and I'm just now realizing that maybe if you have a good high paying job (surgeons, data analysts, senior developers, airplane captains, etc.) then it might be not the best to go for a business and just stay on the job long term, less hassle and more free time that way since you don't have to be on call 24/7 in case something breaks or needs crew. But it's still very tempting to see whether you have enough capital to go for a business and build it from the ground up, there's just something there tempting you to go for it and I think that the rewards can be great but sometimes the cost of it (less time with family and leisure) can be much more costly than you think it is.
But you’re missing the most important piece of it all. He now works 2 hours a week and probably makes 10x his old salary. Plus he will sell his laundromat business for millions one day. You will never get to reap any of those benefits with regular jobs, no matter how hard or long you work
I have owned a bunch back in the day and a good experience plus all cash and no receivables. Among the biggest problems in the biz are equipment distributors pushing turn key stores instead of just selling machines. This means if you have a good business they will be eyeballing your market. So make sure the area has limited utility or land possibilities for a new store which will poach customers.
Great job! We need more people like you to help the community, instead of just making huge profits for ourselves, being selfish. Let’s continue to build America, so we can all at least live a more comfortable life, we deserve.
It would be interesting to know how they mitigate issues with pests, etc that come in on people's dirty laundry such as: lice, bedbugs etc. Great video! This guy is smart.
I worked with a guy who had taken over maintenance on a laundry mat . The previous maintenance guy did a minimal job . One problem was socks and underwear etc.... stopping up the pumps and creating service calls. My buddy order shields to help keep this from being a problem . He methodically went through each and every machine that wasn't running and the others as they had a problem. I learned a lot , This was back in the mid-80's
When in the biz I used to let the counter staff do wash dry fold as their own enterprise and profit center. I wanted nothing to do with drop off because the machines did plenty. I had next to zero turnover in staff.
He right about optimization. I go to the laundry mat I do because I can add extra wash and rinse cycles... for more money of course. I watched this just because I thought it might be interesting. It never ceases to amaze me how someone's love for what they do can make almost anything interesting.
This is exactly why i want my own laundry mat business but i want mine in many dormatory colleges and apartment complexes and hospitals and a vending machine business
I’ve listened to many entrepreneurs and so-called gurus of business but this is the one conversation that reignited my dream of opening my business. ❤❤❤
wow this guy is the real deal - love how clear & articulate he is about how he runs his business & the strategies he has used over time - he is so transparent!
This is fantastic information. I feel like I'm drinking from a firehouse and I'm only about 18 minutes into the video. Laundry is an industry I've been considering and so far this has been AMAZING information.
We used a laundromat when our dryer died and we were not ready to fix or buy a new one. We used to call our laundry day as date night. It gave us the time to sit and talk while the laundry was washing and drying.
That's awesome... And a solid idea actually! 💡 Imagine if Dave created a little "date night" vibe in his laundromats, comfy seating, maybe a even some board games.
Very good video! Owning a business is not for the faint of heart but is so rewarding. As to why some people would use a laundromat in this day and age, it varies. I knew a lady who lived in a shared laundry building and would spent 5 dollars to bleach and sanitize the machines before she would wash her clothes (due to the hygiene of some other tenants)so a super clean business like this would have gotten all of her business!
You’re absolutely right-owning a business requires a lot of courage and dedication, but it can be incredibly rewarding. Thanks for sharing this insight! 🙏
His experience speaks volumes and often provides practical knowledge that’s just as valuable as any formal education. His hands-on learning is truly impressive! 🫡
Makes since, I would provide a service to pick up customers to do their laundry, something like Uber, Lyft, since I would have my own vehicles for pick up and drop off services. Cant wait to get started creating jobs...
my dad worked over 12 hour days with his small business. he was very successful. I admire him greatly for all the sacrifices he made. he sacrificed himself for his family, best dad ever!
Aha! The injection system is what keeps his laundromats clean! No messy, sticky, gloopy spills and no washers ruined with too much product ⭐️ so smart!
I love that Dave shared how his wife stopped him from working on Christmas and he realized he needs to cut back. I think that bread-winners are often under extreme pressure to make money and help raise a family. It's something for us to be aware of and create balance for all parts of our life. Dave is a great example of balancing the demands of life including a successful business.
I can’t wash downstairs in my building I saw a tenant wash a blanket with lumps of dog poop on it and our dryers are filled with dog hair,where I go is a laundromat that is so clean and well maintained ,I am an extremely clean person
If you’re dealing with issues at your building, maybe bringing it up with the management could help address these concerns. Thanks for sharing your experience! 🙏
That's awful...some laundromats say on the door NO Pet blanket in our machines....however; I have an idea IF you have enough machines one of them should exclusively be for pet blankets then again...some people simply don't read and probably won't put it in that particular machine....they would need to be supervised which is a chore...anyhow I too prefer the availability of machines so I can wash my comforters and bed sheets while I do my regular clothes.
I lived in NYC. The public laundromat s,were disgusting. There was always moldy gunk in all the wash machines soap and fabric softener dispensers. I would bring paper towels with me to clean out the gunk and I would run the machine through a hot water cycle without clothes. Having my own washing machine at home seems like a luxury to me.
I had an idea for a Laundry mat that I was thinking of implementing that I thought was very good. I haven't done any research (or even attempted to), but stumbled across this video. Awesome ideas in this video, some stuff I thought nobody was doing, some stuff I didn't think of doing. This inspired me to try it out.
That’s fantastic to hear! Glad you found some great takeaways and that it’s motivated you to explore your laundromat idea further. Best of luck with your venture-can’t wait to hear how it goes! 🚀
Advice from your service manager - Even though your user manual says you can wash comforters, rugs and pillows in your home machine DONT DO IT. Take them to the laundromat. Torture their machines, not yours.
In my community, most of the laundromats have gone out of business, one that is brand new is not profitable and the owner is selling it at a loss. There are few areas a laundromat will work, only locations slightly above the poverty level. Laundromats will not work in very low income areas, middle-class neighborhoods or premium neighborhoods.
Absoutely hands down great content. These in-depth interviews with entrepreneurs who have walked the walk are gold. So much more valuable information than you would get on a highly edited show like Shark Tank.
Experienced direct injection laundry while visiting another country. Had to re-wash everything because it smelled horrible ‼️ Unless you have brand backing from well known detergent manufacturers, there’s a trust issue here.
I'm wildly impressed. Dave is doing an amazing job and that facility looks phenomenal. Top-tier choices from the ground up, he and his family deserve all kinds of kudos for their sacrifices and persistence.
Want to Start a Laundromat Business? Gain Free Access to Dave's Step-By-Step Blueprint Here: bit.ly/3Aqqd5P
Excellent story, but PLEASE stop talking while your guest is talking. It’s annoying to hear you over talk your guest. Replay and see what I’m talking about.
@@PM-uo8fqI saw that too right off the bat 😂.
Fantastic show
Please examine my analysis and outline my failure to understand this so called, 'business'.
What...
I came across this video by accident and Im blown away by this business owners knowledge and passion for the laundry business. He's honest, transparent and a people person, a rare business owner. Great video!
Thanks for the kind words and glad the show brought you value. ❤
Yeah this was a random video that showed up, and it turned out to be a free business workshop!
God looks after the humble ones ❤
I find most business owners love to share their experience. Most owners feel they are so obsessively focused on their business they are trained to not want to bore people with it.
"a rare business owner" nonsense. Most business owners are great people. The idea that they're not is nothing but disgusting, envy-ridden Marxist propaganda from the MSM and Hollywood. Politicians on the other hand... there's only one type of person who gets excited about the prospect of controlling other peoples lives through the threat of violence - psychopaths.
One reason I love laundromats even when I have a washer and dryer downstairs at the apartment complex is you get it done in One hour instead of 3-4hrs.
That's a great point! People use laundromats for many reasons and that is a very common one.
Yes just waiting and going back and forth . Done one time
I have a washer and dryer in my apartment complex and it doesn't take me that long. Are you saying the washer cycle and dryer cycle downstairs at your apartment complex takes too long vs a laundromat? Or are you waiting on machines because other people are using them in your apartment complex? Anyone who reads this, help me out here.
@@richh4230So, you're the jerk using all the machines at once.
@@jenniferbryant2700 lol, nice one but I usually only have one load. Do you usually have more?
dude has heart. He is not afraid of hard work.
Absolutely! It’s inspiring to see someone with such a big heart and strong work ethic. 🙏
Why would anybody be afraid of hard work
Cleanest laundromat I’ve ever seen
that's what I'm Saying!!!!
It’s so clean I thought he was at a store buying the washers 😂
@@AuroraMoon. 😂😂😂
I’ve seen ones like this. They are usually newer, though.
And the most civil as well
I like the sign behind him, "Work hard and be nice to people". Thats not so easy for some. Especially the being nice part.
Thank you for your thoughtful comment! It's a reminder that kindness is a skill we can all work on.
I own a Laundromat. Dave and his wife Carla are Amazing people! They offer so much value to the industry for owners. We're blessed to have them!
That's awesome to hear! It's great to see people like them making a positive impact in the laundromat industry. 🙏
How soon are you expanding and getting a second one?
Wouldn't your bank be interested in a business loan since you're already doing well at your first one?
you know?? this person made me emotional. His passion, his big level of integrity, his emotional maturity, his intelligence, his heart... wow this is a real entrepreneur! chapeau
Glad to hear that Dave's story resonated with you so deeply. Their passion, integrity, and emotional maturity truly set them apart as a remarkable entrepreneur. Thank you for sharing your thoughts!
As someone who lives in NYC, I agree that this type of business will only continue to grow. My building didn’t have laundry when I first moved in. The ONLY option was drop off/pickup - which resulted in leaving laundry bags outside our apt door for a 8PM-midnight pickup window once a week. Even AFTER the landlords provided laundry to apt residents - most people still preferred the laundry pick up service. WHY? It was the easiest way to get your laundry done. Spending zero time in laundry room, no worries about waiting for a machine to open up - and no need to fold your laundry. Totally LOVE laundry delivery services!!
It’s clear that for many, the time saved and the convenience of having laundry picked up and delivered is well worth it! 🙌
The laundry mat down the road from me is a GOLDMINE. Open 24/ 7 security cameras, a bathroom, climate controlled. Look, it provides a necessary service for people. Never had a problem whatsoever. Everybody gets along. It's super convenient!
Depends where you are. That business model wouldn't work in highly populated liberal areas
I hate that we feel the need to apologize for our emotions. You’re good buddy, feel your feels ❤️
Absolutely! Emotions are a part of being human, and there's no need to apologize for them. Feel them fully, it's all part of the journey ❤️
Thank you. I was a bit embarrassed, but you are so right.
Amazing story.
@@LaundromatMillionaire I’m sorry you felt embarrassed. Working 90-100 hrs a week sounds like survival mode for your family. That is honorable and I’m happy that you have set your self up to not have to continue at that rate. Wishing you continued success. ❤🎉
This is such an admirable story and incredible business. THANK YOU SO MUCH for sharing your story 🙏🏾👑👑 king of the laundry SERVICE business!
@@LaundromatMillionaire
👀 Currently pushing out 100+hrs a week, every week. It's been about 3yrs now. I'm nearly at the finish line. Watching this video has been inspiring & confirmation that I'm on the right track. Congrats on your success man. Super happy for you.
Thank you so much! Keep rocking and it'll payoff. 😁
Same here. This is giving me inspiration ❤
Thank you for this video
Are you in Laundromat business. Why are you doing 100+hours in Laundromat business
@@RajKannu-qz5ud I'm in tech & wholesale distribution
@@RajKannu-qz5udthe guy in the video literally says himself he didnt see his family in the beginning cause he worked 90-100+ hrs a week. so watch the video if you wanna know so bad.
This guy is dropping so much free knowledge! respect.
I use a Laundromat every two weeks for my work laundry, I have a cleaning company, and I think about running a Laundromat ALL. THE. TIME. this is great info
You can do it. Just start saving for the location building, equipment, material; build up your credit for an SBA loan for the rest and you are on your way to own your laundromat.
I'm not a business person (I'm a retired nurse), never used a laundromat, not interested in owning one but somehow spent 48 minutes very engaged watching this video when it popped up in my feed for some reason. Thank you.
Dave comes across as such a genuine , cordial, and well adjusted guy. Great business operator and civically minded man!
Thanks for noticing! We’re lucky to have him! 🙏
As a parent, I'd kill for a laundromat with a KidZone like this! 😍 Finally, a place where I can get chores done and the kids can have fun too.
That wouldn't be fun for people who didn't bring their children to the laundromat. Sounds like an unnecessary headache
HOG TIE THEM AT HOME AND THEYLL STAY PUT. JK
@@TheeOne4.44People are bringing their kids to the laundromat anyway. It’s awesome that they have a designated area where kids can be entertained rather than having bored kids running around the whole time while their parents yell at them to sit down.
@@TheeOne4.44 and?
Always that one smh. Kids exist, so do single parent homes and even both parent homes and guess what everyone is looking for something to make their life a little easier. Don’t like the idea, don’t go. That’s the great thing about America, you don’t have to if you don’t want to.
This might have been the longest video I've watched while being completely engaged. You had me the whole time. I couldn't believe all the good info the video was dishing out for free. Kudos to your guest. I'm so very impressed with the smarts and willingness to mentor and inspire.
Thank you for your kind words! Our guest truly brought some valuable insights to the table! 🙏
I've been using a laundromat 1x per week for the last 8 years. I rent a room in a home w/ washer and dryer. The logistics - figuring out who's doing what w/ the machines, plus mechanical break downs left me frustrated. I solved all problems laundry by using a laundromat. I get a week's worth of laundry done, grocery shopping, mail pick up at my post office box, my nails done, visit the library, get my taxes done (the laundromat's in a neighborhood shopping center) in under four hours for under $20. It's nice to say I'm not stepping on machine user toes, or personal items here at home -- period. Love the laundromat.
Not bad for $1,040/year
I had my clothes stolen if I left them at the laundry so I never felt comfortable after that to leave them.
Most aren't optimised to such a scale so are losing from parasites
DELAYED GRATIFICATION! This gentleman HAD to develop a plan and he knew he had to learn multiple skills in order to complete his dream. People these days “fake it” but never “make it” because they spend what they earn instead of reinvesting while keeping their long term goals in mind. Would love to hug 🤗 this guy!
Exactly. I see that all the time, too. But it always seemed like gambling. Sure, sometimes things work out great, but more often, they fail. This guy had rock solid advice.
You can tell this guy has really done his homework and put the work in. Great episode
I work hard at my job but nothing like forgetting it's Christmas. You so earned where you are. I teared up hearing that.
Appreciate the support! 🙏
Excellent business model! Laundromat for each member of your family. One never realizes how much sacrifice, effort, hard work, and financing that goes into opening and running a business. They just see that someone is making money. Profit comes years after the business is running hopefully. We should all appreciate the small mom and pop business in the respective communities.
This is the kind of guy you wanna work with! He's got clear cut objectives! He knows what he wants and truly has what it takes to become a successful entrepreneur. Not your typical armchair boss😅
And I admire his forward-thinking approach to this type of business. He really understands innovation - and competition. It's really hard to relax when each day you see there's an improvement elsewhere. You really have to keep up or one-up the competition.
Absolutely! Real hustle and forward-thinking at its best! 💪
Thank you so much. Very kind of you!
His gross revenue per employee is $45k/yr. Why do you want to work for anyone what attempts to pay you, AND operate a business, and starts with $45k? Describe how YOU can make $35k/yr from that revenue stream?
I run a service business in the creative industry and gotta say this was awesome. I learned a lot of tips on how to serve better. I really enjoy watching people who put pride and innovation into their business and care about who they are serving. So many businesses shouldn't be in business. Customer service is at an all time low and it's a money grab everywhere. This was refreshing to see an operator so passionate about his biz.
I live about 15 minutes from Queen City and had no idea this guy was there with this amazing laundromat! His 4 locations look awesome!
It's always exciting to discover hidden gems in your own backyard! Glad you enjoyed the video! 🔥
I'm obessessed with the laundry business. What's wrong with that? You're good at something, you serve your community and you are providing for your family and employees that is not a bad life right there.
Calgon Ancient Chinese secret commercial from the 1970s comes to mind.
I wish you had asked about taxes, insurance, waterbill, and ither utilities. Do they recycle water, the cost and business contact. Plz create a part 2.😁
Look at my analysis. First, just divide 40 persons into $1,800,000 and tell me how much revenue each employee generates GROSS REVENUE. Then respond with a detailed eye from there.
They gave you those numbers. That's what NET profit means. The 40% net number takes all those costs into account.
This is the real scoop
Waste water costs if any?
One of the most interesting businessmen on this platform. I enjoyed listening to him; he was very open and knowledgeable about the business. I loved his enthusiasm and passion for the laundry business. Great interview!
Dave Menz here. Thank you so much! 😁
I LIKE THIS DUDE. REMINDS ME OF MYSELF. ALL MY COWORKERS CALLED ME CRAZY FOR WORKING SO MUCH OVERTIME. EVEN ON MY TWO DAYS OFF I WOULD DO 32 HRS OF OT. BOUGHT MY HOUSE IN CASH OUTRIGHT. BRAND NEW 2023 HOUSE WHILE UNEMPLOYED. NOW EMPLOYED AGAIN AND GRINDING WITH HARD WORK. NOTHING COMES EASY. I STILL DRIVE MY 2007 HHR CHEVROLET. MY 2023 NEW HOUSE SPEAKS FOR ME DAILY
That’s seriously impressive! Keep grinding and enjoying your new house-it’s a testament to your incredible work ethic! 🏠
@@UpFlip THANK YOU. YOURE A BEAST. ONLY WAY TO BE FINANCIALLY STABLE AND GROW IS THROUGH MERE SACRIFICE. YOU DID IT FOR YOUR FAMILY. THATS COMMENDABLE BY ITSELF
When I read your comments …it reminded me of my mother. She toiled soooo hard, I learnt work ethics from her. As a young mother, she watched me working , studying at nights, looking after my family of two very young kids, working a corporate job at 60 hr week, no OT because I worked in accounting…they didn’t pay OT…she was very worried about me and asked me to slow down. I looked at her and said you never slowed down when you were my age …what’s your concern? She said I worked harder than her. She knew I only slept on average 4-5 hrs max per day, and that is very bad she said. Fast forward many years , I am reaping the fruits of my labour. Now…I see my adult children working very hard to create their own wealth. Children learn how to sacrifice when they witness their parents build something for the family. They can’t marry lazy spouses …they know it will kill the marriage . Love never overcomes these traits, it’s a battle you don’t want on a daily basis. It breaks your spirits.
My grandfather was an immigrant who didn’t speak English when he arrived…. He said, You have to outwork your peers as a girl of immigrants as well as be wise about money. Then one day you will believe it is possible because you also made the sacrifices to have less bling and more money saved. I honour my parents and grandparents by ensuring my children replicate all I was taught. It’s not easy when their friends don’t do it …but they have courage and say No when it’s distracting them from their ultra goals. They got their priorities right. Diamonds are not a girl’s best friend ….. nope ! Wealth in cold cash is along with great family relationships and few solid friends who have your back! LOL
This laundry mart owner has the will power and discipline to do whatever it takes to make his magic happen. Great video telling his life story!
That’s amazing. Don’t forget to take care of yourself.
@@brigittelee9730 IN 4 YEARS, I WILL BUY MY NEXT PROPERTY IN CASH OUTRIGHT, I SET A CHECKING ACCOUNT ON WORK DEPOSITS THAT DON'T GET TOUCHED AT ALL, IT ALL GOES IN , NOTHING COMES OUT AND I PAY MY BILLS WITH THE OTHER ACCOUNT. YES I PRIORITIZE HEALTH AS WELL, MY THUMBNAIL BICEP IS REAL AT 49 YRS OLD NATTY
This is a well planned out laudromat business. Adding the PICKUP and DELIVERY services is what's making his business successful. And now including a course and "advertising" on Upflip, this guy is not dumb. It shows that college isn't for everyone, or even necessary in certain cases.
If existing low profit laundromats added this service, this gentleman wouldn't be buying their business out. Try to even contract out the pickup and delivery service to a local so you don't have to buy vans, drivers, and insurance - the contractor uses their own vehicle. All the contractor does is bring the clothes to your facility and delivers them back to the customer. Tip: Instead of hiring full-time employees to wash clothes, use a couple of temp agencies and have temp employees on a long-term basis - there's no overhead for you, the owner. You're welcome. 🎉
you have some very good ideas business wise only part im not fully on is the temp thing because in this day and age you want good people to get paid good salaries as well and temps typically get the short end of the stick work wise...in my opinion
Also just like UBER delivers food, medications and offers other types of delivery it wouldn’t be hard to have them deliver laundry too
Dave Menz here, just wanted to say thanks for the kind words. Doing the show was a lot of fun.
@@LaundromatMillionaireHi Dave , thanks for doing the video! Are you in any other areas of business or just laundromats ?
Temp agencies don't gurantee employment attendance all the time and that would be a risk for him and he didnt become successful doing things day in and day out. Poor suggestion there bud.
The cleanest laundromat I’ve ever seen!😮🎉
It's great to see that added a play area for children! Thoughtful!!!
Thank you, Mr. Menz. Godspeed; health, abundance, prosperity, happiness, FUN - don't forget the Fun with your family...
Thank you 🙏
I had to laugh when you said laundry service didn’t exist 10-15 years ago. I’m 68 and my Grandmothers did not do laundry. They didn’t even own washing machines. Everything except underwear, which they hand washed, went to the local laundress. Growing up, my Mother sent all shirts and bed linens to the laundry. I still remember her being asked what level of starch she wanted in the shirts and if she wanted them folded or on hangers. I think the big change came with permanent press fabrics because doing the laundry required ironing, which took a lot of time. Once you could just hang things up from the dryer and have them look OK, I think more people started doing all their laundry at home. I actually use the laundromat occasionally, mostly for large things like quilts and pillows, but have fond memories of the laundry being delivered and suddenly having a closet full of clean shirts and crisp cotton linens on my bed.
Dave and Karla are killing it in Cincinnati!!! Great interview!!
Appreciate you brother. 😁
That first laundromat!! I spent a lot of time there as a kid. Glad to see you saved it. I no longer live in Ohio, but when I come back to visit imma stop by!
FORGET THE LAUNDRYMAT, DAVE IS WHATS RIGHT ABOUT THIS WORLD, AND HIS WIFE CARLA AS WELL. THANK YOU. FOR SHOWING THE WORLD THAT LIVING FROM THE HEART, KINDNESS AND BEING THERE FOR PEOPLE NEEDS TO BE THE MODEL FOR THE FUTURE. HAPPY HOLIDAYS !
One thing I love about Americans is they seem very open and willing to give business advice. Where I live it's the opposite and those doing well guard it like a state secret.
the culture, here's capitalist pro-business but is a weapon to make more money too like franchise etc..
Its good to see people that take a chance, work really hard, work smart and it pays off!
Glad you enjoyed the show. It's never too late to impact our communities. ❤️
This guy would be successful in any business. Good personality great attitude and work ethics and hunger for knowledge...definitely shark tank material. All the best
Absolutely! Thanks for the awesome comment 🙏
On a smaller scale, I have installed many automatic laundry, chemical injection systems in laundry mats. The owners would have one or two of their 60 pounders set aside for wash dry fold used by their attendant. It’s awesome to see this laundramat! Awesome video!
The Hydro equipment not only saves the customer a trip to the store for product they have to lug along with their laundry, it’ll save the operator in dumpster waste costs. Trash receptacles on the floor need to be emptied less, saving on trash bag costs and increasing labor efficiencies. Lots of time/cost savings for the facility and the customer!
Absolutely! The Hydro equipment is a win-win!
The one thing I took away from this is that you don't need to be in tech or have the newest idea to be an entrepreneur. You can take what worked previously, see how people are failing at doing it, improve it and modernize it in the process to get the business going.
Of course, the amount of effort and time that the owner spent in this is insane and I'm just now realizing that maybe if you have a good high paying job (surgeons, data analysts, senior developers, airplane captains, etc.) then it might be not the best to go for a business and just stay on the job long term, less hassle and more free time that way since you don't have to be on call 24/7 in case something breaks or needs crew.
But it's still very tempting to see whether you have enough capital to go for a business and build it from the ground up, there's just something there tempting you to go for it and I think that the rewards can be great but sometimes the cost of it (less time with family and leisure) can be much more costly than you think it is.
But you’re missing the most important piece of it all. He now works 2 hours a week and probably makes 10x his old salary. Plus he will sell his laundromat business for millions one day. You will never get to reap any of those benefits with regular jobs, no matter how hard or long you work
I have owned a bunch back in the day and a good experience plus all cash and no receivables. Among the biggest problems in the biz are equipment distributors pushing turn key stores instead of just selling machines. This means if you have a good business they will be eyeballing your market. So make sure the area has limited utility or land possibilities for a new store which will poach customers.
Great job! We need more people like you to help the community, instead of just making huge profits for ourselves, being selfish. Let’s continue to build America, so we can all at least live a more comfortable life, we deserve.
Amen 🙏
Love this guy and his mindset on serving the community. Very valuable info.
Dave's mindset on serving the community is amazing, and the info he’s dropping is gold. Really valuable stuff! 💪
Thank you! 🙏
"Enough is enough, no more side hustle, I got a job." This can be heard two different ways; either way is right.
You are a wise man.
Wonderful interview! "Money magnifies what you already have" Love that! ❤
It would be interesting to know how they mitigate issues with pests, etc that come in on people's dirty laundry such as: lice, bedbugs etc. Great video! This guy is smart.
Great point! They usually have protocols in place for thorough cleaning and regular inspections to tackle problems like lice and bedbugs.
The bugs do not survive cleaning.
@@MarkH10 Of course not, but the bugs can spread to workers clothing, etc.
This is why I always used hot water and like you should anyway to avoid mold, mildew and sticky laundry I made sure my clothes dried all the way
I live 10 minutes from 2 of his spots they are top notch.
Appreciate you sharing that! It's always nice to hear from someone nearby who knows the local gems.
I worked with a guy who had taken over maintenance on a laundry mat .
The previous maintenance guy did a minimal job .
One problem was socks and underwear etc.... stopping up the pumps and creating service calls.
My buddy order shields to help keep this from being a problem .
He methodically went through each and every machine that wasn't running and the others as they had a problem.
I learned a lot ,
This was back in the mid-80's
When in the biz I used to let the counter staff do wash dry fold as their own enterprise and profit center. I wanted nothing to do with drop off because the machines did plenty. I had next to zero turnover in staff.
It's amazing to witness people taking a chance, working really hard, and working smart, and seeing it pay off!
Watching people take risks and thrive is a reminder of what dedication and perseverance can achieve. 🙌
Describe factually the payoff you see available in this story.
May i add: with the price of home ownership skyrocketing and more people finding them selves going mobile lifestyle laundromats are a necessity
He right about optimization. I go to the laundry mat I do because I can add extra wash and rinse cycles... for more money of course. I watched this just because I thought it might be interesting. It never ceases to amaze me how someone's love for what they do can make almost anything interesting.
I used to maintain these places. They can be legitimate businesses in the right area with newer equipment that don't shit the bed and eat any profits.
Did you notice $1.8m divided by 40 employees. Average per head is $45k/yr. This is no business at all.
@@MarkH10wasn't it $1.8 million per store?
4 x $1.8 = $7.2 million.
And what makes you think they are all getting an equal part of the $7.2 million?
@@majorhavoc9693 listen again.
This is exactly why i want my own laundry mat business but i want mine in many dormatory colleges and apartment complexes and hospitals and a vending machine business
I’ve listened to many entrepreneurs and so-called gurus of business but this is the one conversation that reignited my dream of opening my business. ❤❤❤
Fun fact: Dolly Parton met her husband in a laundromat.
Never heard that before but super cool!
😂 wild ❤
Mad respect to this man. Ain’t no success without sacrifice, but it’s worth it.
This was sooo inspiring to view, please convey my gratitude to Dave for his wise and caring business philosophy to share his knowledge with others
He’s all about sharing his wisdom and helping others grow, so your appreciation means a lot to him. Stay tuned for more amazing insights and tips! 🙏
wow this guy is the real deal - love how clear & articulate he is about how he runs his business & the strategies he has used over time - he is so transparent!
It’s refreshing to see someone so genuine and open about their business journey. Thanks for watching! ☺️
This is fantastic information. I feel like I'm drinking from a firehouse and I'm only about 18 minutes into the video. Laundry is an industry I've been considering and so far this has been AMAZING information.
The laundry industry has a lot to offer, and it’s great to hear that you’re getting valuable insights from the video. 🔥
We used a laundromat when our dryer died and we were not ready to fix or buy a new one. We used to call our laundry day as date night. It gave us the time to sit and talk while the laundry was washing and drying.
That's awesome... And a solid idea actually! 💡 Imagine if Dave created a little "date night" vibe in his laundromats, comfy seating, maybe a even some board games.
Love Dave’s story! Thanks for sharing!🩵
Very good video! Owning a business is not for the faint of heart but is so rewarding. As to why some people would use a laundromat in this day and age, it varies. I knew a lady who lived in a shared laundry building and would spent 5 dollars to bleach and sanitize the machines before she would wash her clothes (due to the hygiene of some other tenants)so a super clean business like this would have gotten all of her business!
You’re absolutely right-owning a business requires a lot of courage and dedication, but it can be incredibly rewarding. Thanks for sharing this insight! 🙏
I never wanted to own any business much less a laundry mat before today. This man is amazing.
It's incredible how someone's passion and success can inspire new perspectives! We wish you luck on your new journey 🙏
Omg!!! I love this. I just thought of the idea of a kids space in a laundry mat. This is awesome 🎉
Kids spaces are very popular in modernized laundromats. Glad you liked the show. 😁
This guy is genuine & brilliant.
Wow, you are brilliant, you do not need an MBA, you already have one by experience.
His experience speaks volumes and often provides practical knowledge that’s just as valuable as any formal education. His hands-on learning is truly impressive! 🫡
Makes since, I would provide a service to pick up customers to do their laundry, something like Uber, Lyft, since I would have my own vehicles for pick up and drop off services. Cant wait to get started creating jobs...
Since what?
No idea how this came up in my feed but really interesting!
Sometimes the best discoveries are the unexpected ones! 🌟
Truly amazing 👏. The passion, the drive, the creativity, the dedication, consistency, the intuitions, the determination...very motivational 🎉
Thank you so much! 🌟
my dad worked over 12 hour days with his small business. he was very successful. I admire him greatly for all the sacrifices he made. he sacrificed himself for his family, best dad ever!
What an amazing and informative video. Dave is a entrepreneurial beast!
Thank you so much. 🙏
I prefer to do my own laundry & have always had my own machines at home..but there's clearly a need & it's an excellent business opportunity.
If you set the price low enough and the machines wash and dry properly you will have a crowd in a clean run down joint in the right location.
Aha! The injection system is what keeps his laundromats clean! No messy, sticky, gloopy spills and no washers ruined with too much product ⭐️ so smart!
Totally! That system is a lifesaver!
This guy is a huge inspiration
That is so true. There is zero to be cynical about with this guy. He truly creates an atmosphere where everybody wins
Amazing to hear that! Thank you. 🙏
I love that Dave shared how his wife stopped him from working on Christmas and he realized he needs to cut back. I think that bread-winners are often under extreme pressure to make money and help raise a family. It's something for us to be aware of and create balance for all parts of our life. Dave is a great example of balancing the demands of life including a successful business.
I can’t wash downstairs in my building I saw a tenant wash a blanket with lumps of dog poop on it and our dryers are filled with dog hair,where I go is a laundromat that is so clean and well maintained ,I am an extremely clean person
If you’re dealing with issues at your building, maybe bringing it up with the management could help address these concerns. Thanks for sharing your experience! 🙏
That's awful...some laundromats say on the door NO Pet blanket in our machines....however; I have an idea IF you have enough machines one of them should exclusively be for pet blankets then again...some people simply don't read and probably won't put it in that particular machine....they would need to be supervised which is a chore...anyhow I too prefer the availability of machines so I can wash my comforters and bed sheets while I do my regular clothes.
I lived in NYC. The public laundromat s,were disgusting. There was always moldy gunk in all the wash machines soap and fabric softener dispensers. I would bring paper towels with me to clean out the gunk and I would run the machine through a hot water cycle without clothes. Having my own washing machine at home seems like a luxury to me.
Great story and business. My concern is picking up laundry and not knowing if they have roaches, or bedbugs, or both😮.
The heat from the dryers kills most critters.
I had an idea for a Laundry mat that I was thinking of implementing that I thought was very good. I haven't done any research (or even attempted to), but stumbled across this video.
Awesome ideas in this video, some stuff I thought nobody was doing, some stuff I didn't think of doing.
This inspired me to try it out.
That’s fantastic to hear! Glad you found some great takeaways and that it’s motivated you to explore your laundromat idea further. Best of luck with your venture-can’t wait to hear how it goes! 🚀
Very interesting business, an amazing owner, and a great interviewer. Thank you!
Brilliant episode. Love your work and congrats on your success Dave, what a guy!
Thanks so much for the support! Dave's journey is truly inspiring-what a legend! Glad you enjoyed the episode!
Thank you! I'm honored that it bright you value.
Advice from your service manager - Even though your user manual says you can wash comforters, rugs and pillows in your home machine DONT DO IT. Take them to the laundromat. Torture their machines, not yours.
Thanks for sharing that tip!💡
I'm glad that this business has met all ADA requirements in terms of space to deal with disabled people and their mobility equipment.
Great interview! A very positive hero!
Appreciate you! 🙏
HEAVY startup costs: Bldg .. Machine costs.. Install of those machines..Utility /energy Costs Machine maintenance. It ain't all roses.
In my community, most of the laundromats have gone out of business, one that is brand new is not profitable and the owner is selling it at a loss. There are few areas a laundromat will work, only locations slightly above the poverty level. Laundromats will not work in very low income areas, middle-class neighborhoods or premium neighborhoods.
It can be a tough business to navigate, but finding the right spot can make all the difference. Thanks for sharing your insights!
Service and options/amenities are key.
Absoutely hands down great content. These in-depth interviews with entrepreneurs who have walked the walk are gold. So much more valuable information than you would get on a highly edited show like Shark Tank.
We appreciate your awesome feedback! The raw, authentic experiences shared here are truly invaluable! 🙌
Experienced direct injection laundry while visiting another country. Had to re-wash everything because it smelled horrible ‼️ Unless you have brand backing from well known detergent manufacturers, there’s a trust issue here.
That sounds like a challenging experience! 😕
Gotta love this guy. Happy to see his business going so well.
His success is really inspiring. Thanks for watching! ☺️
This was a super inspiring video. His and his wife’s sacrifices means their family has security.
Their dedication is a powerful reminder of the impact hard work can have on creating a stable and successful future. 🙏
It wasn't easy but was soon worth it. Thanks
I'm wildly impressed. Dave is doing an amazing job and that facility looks phenomenal. Top-tier choices from the ground up, he and his family deserve all kinds of kudos for their sacrifices and persistence.
Thank you for your kind words! Dave truly deserves all the accolades for his dedication and effort. It means a lot to see others appreciate it too! 🙏
Thank you for this Video!! Dave - is such a gem.
Thank you! Glad you enjoyed the video.
Thank you business leader for your perspective, and thank you host for showing us the world.
he deserves all the success for his hard work!
Absolutely, his hard work has clearly paid off, and he truly deserves all the success he's achieved!