Should You Buy That Laundromat? with Claudio Vilas

Laundromats are often a great investment, but IS THAT ONE? Follow along as Dave & Carla Menz dive in deep on this topic with laundromat owner and business broker, Claudio Vilas. Learn from his wins and his mistakes as they discuss what makes a laundromat a good or bad investment, whether it’s right for you, and how much you should pay. For those looking to get into or expand their portfolio in the laundromat industry, this is an episode you won’t want to miss!

Referenced Links:

• Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching Our Guest’s Websites: https://claudiovilas.sunbeltsfl.com and https://thelostsock.club Our Guest’s LinkedIn: https://linkedin.com/in/claudiovilas Our Guest’s Facebook: https://www.facebook.com/claudio.vilas.967 Our Website: 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: www.queencitylaundry.com Our pick-up and delivery laundry services: www.queencitylaundry.com/delivery Johnson & Johnson: www.jnj.com Speed Queen Equipment: www.alliancelaundry.com LM Episode with Chris Michalek: https://www.youtube.com/watch?v=0FRazM37q3o Prime Capital Funding: www.goprimecap.com

Timestamps

00:00 Laundromat Millionaire Intro 05:29 Claudio’s Backstory – Lessons for Corporate America 16:18 Why Laundromats? 18:31 The 1st Store 22:03 The 2nd Store 23:14 Adding a Partner = Big Mistakes 25:40 Advice for New Laundromat Investors 30:57 The Impact of CapEx 41:10 Does It Have to be Turnkey? 44:23 Buying the Cashflow vs Creating Wealth 47:07 Being a Broker 47:51 Closing Remarks