4 Ways to Finance a Laundromat with Dave & Carla Menz

The Laundromat Millionaire Show with Dave Menz

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

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Chapter

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

2. [Ad] www.FranchiseResaleReady.com (00:20:58)

3. (Cont.) 4 Ways to Finance a Laundromat with Dave & Carla Menz (00:21:36)