Before You Buy More Equipment... with Horace Lewis

The Laundromat Millionaire Show with Dave Menz

If your laundromat is so busy people are turning away, does that mean it's time to expand? Do you need more space and more equipment or is there another solution? When is the right time to invest in more equipment or even another location? Listen as Horace Lewis shares his laundromat journey with Dave & Carla Menz and they discuss this often debated topic.
Referenced Links:
Xpress Laundromats Website: https://www.xpresslaundromat2.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
H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & 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/
Timestamps
00:00 Service Provider Spotlight – Laundromat Millionaire Insurance
01:40 The Laundromat Millionaire Show Intro
03:08 Horace’s Backstory: Finding Opportunity in a Recession
09:18 How Jobs Prepare You to be an Entrepreneur
14:35 From Real Estate Investor to Gaming Machines to Laundromats
18:52 Finding a Great Location
22:57 Getting the Store Open and Marketing to the Community
28:23 When Should You Buy More Equipment?
42:38 Incentives for Slow Days
43:46 Finding a 2nd Location
49:01 Changing the Stigma of Laundromats
52:07 Next Steps for Horace
52:33 Adding Skill Games to a Laundromat
54:00 Closing Remarks
FranchiseU!
FranchiseU! is for those in, or considering, careers within the world of franchising.
Listen on: Apple Podcasts Spotify

Chapter

1. Before You Buy More Equipment... with Horace Lewis (00:00:00)

2. [Ad] FranchiseU! (00:09:17)

3. (Cont.) Before You Buy More Equipment... with Horace Lewis (00:09:18)