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4 Ways to Finance a Laundromat with Dave & Carla Menz

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Manage episode 454994196 series 2893290
Content provided by Dave "Laundromat Millionaire" Menz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave "Laundromat Millionaire" Menz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Whether buying or building, laundromats are a big investment! Luckily, there are many options out there to help you finance that investment and start you on your entrepreneurial journey into the laundry industry!
Referenced Links:
Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.com
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
Eastern Funding: https://www.easternfunding.com/
Alliance Financing: https://distribution.alliancelaundry.com/finance/
Prime Capital Financing: https://www.goprimecap.com/laundry-financing
Image: https://helloskip.com/blog/sba-express-loans
Image: https://www.fptransitions.com/blog/lending-for-successors-what-advisors-need-to-know
LM Episode with Mike Fingers: https://youtu.be/35Od9WsLHD8
LM Episode on SanOWash: https://youtu.be/uba2xsLJh_E
LM Episode on Perfect Pour: https://youtu.be/LTz_7kC-vgQ
Codie Sanchez Podcast: https://www.youtube.com/@PodcastBigDeal
Timestamps
00:00 Episode 89 Intro
00:41 Spotlight – Black Friday Sales Events
02:20 Episode’s Focus
03:27 Good Debt vs Bad Debt and Consumer vs Business Debt
10:21 Assessing the Risk of the Debt
12:16 Lender Type #1: the SBA
19:54 Lender Type #2: Conventional Loans
31:53 Lender Type #3: Industry-Specific Loans
40:42 Our History of Equipment Loans & Renovations
44:24 Lender Type #4: Seller Financing
45:06 The Art of Negotiation
47:15 Buying & Selling Laundromats
52:43 Our History of Seller Financed Deals
58:44 Closing Remarks

  continue reading

Chapters

1. 4 Ways to Finance a Laundromat with Dave & Carla Menz (00:00:00)

2. [Ad] Business is Fcking Hard (00:20:58)

3. (Cont.) 4 Ways to Finance a Laundromat with Dave & Carla Menz (00:21:37)

97 episodes

Artwork
iconShare
 
Manage episode 454994196 series 2893290
Content provided by Dave "Laundromat Millionaire" Menz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dave "Laundromat Millionaire" Menz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Whether buying or building, laundromats are a big investment! Luckily, there are many options out there to help you finance that investment and start you on your entrepreneurial journey into the laundry industry!
Referenced Links:
Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.com
Our Website: https://www.laundromatmillionaire.com
Our Online Course: https://dave-menz.mykajabi.com/sales-page
Our Youtube channel: https://youtube.com/c/LaundromatMillionaire
Our Podcast: https://laundromatmillionaire.com/podcast/
Our Facebook: https://www.facebook.com/laundromatmillionaire/
Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaire
Our LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/
Our Instagram: https://www.instagram.com/laundromatmillionaire/
Our laundromats: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
Eastern Funding: https://www.easternfunding.com/
Alliance Financing: https://distribution.alliancelaundry.com/finance/
Prime Capital Financing: https://www.goprimecap.com/laundry-financing
Image: https://helloskip.com/blog/sba-express-loans
Image: https://www.fptransitions.com/blog/lending-for-successors-what-advisors-need-to-know
LM Episode with Mike Fingers: https://youtu.be/35Od9WsLHD8
LM Episode on SanOWash: https://youtu.be/uba2xsLJh_E
LM Episode on Perfect Pour: https://youtu.be/LTz_7kC-vgQ
Codie Sanchez Podcast: https://www.youtube.com/@PodcastBigDeal
Timestamps
00:00 Episode 89 Intro
00:41 Spotlight – Black Friday Sales Events
02:20 Episode’s Focus
03:27 Good Debt vs Bad Debt and Consumer vs Business Debt
10:21 Assessing the Risk of the Debt
12:16 Lender Type #1: the SBA
19:54 Lender Type #2: Conventional Loans
31:53 Lender Type #3: Industry-Specific Loans
40:42 Our History of Equipment Loans & Renovations
44:24 Lender Type #4: Seller Financing
45:06 The Art of Negotiation
47:15 Buying & Selling Laundromats
52:43 Our History of Seller Financed Deals
58:44 Closing Remarks

  continue reading

Chapters

1. 4 Ways to Finance a Laundromat with Dave & Carla Menz (00:00:00)

2. [Ad] Business is Fcking Hard (00:20:58)

3. (Cont.) 4 Ways to Finance a Laundromat with Dave & Carla Menz (00:21:37)

97 episodes

All episodes

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