The Art of Laundromat Valuation with Stephen Gramaglia

The Laundromat Millionaire Show with Dave Menz

Whether it's examining the competitive analysis and demographics around a white box location or the total valuation of an existing laundromat, Stephen Gramaglia has the experience and advice you need. As former COO of laundromat financing giant, Eastern Funding and now an owner of multiple laundromats himself, Stephen shares his journey and his expertise in this in-depth interview with Dave & Carla Menz. Get your notepad ready, because this one is full of those golden nuggets!!
Referenced Links:
•Dave’s Coaching & Workshops: www.laundromatmillionaire.com/coaching
•H-M Company Drain Troughs: https://draintroughs.com
•Link to get Atmosphere TV:
https://atmosphere.tv/partner/dave-menz and use code “MILLIONAIRE”
oContact Mike directly: [e-mail]
Our Guest’s website: https://clean-freshlaundromat.com/
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
Eastern Funding: www.easternfunding.com
Pace University: www.pace.edu
Dave & Buster’s: www.daveandbusters.com
Pursuit of Happiness movie clip: https://www.youtube.com/watch?v=K-AmgjHI1wg
Q&A with Brian Grell: https://youtu.be/AcS7B1l1Y0A
Episode with Eastern Funding Founders: https://youtu.be/NLcTQ-3eA20
Metropolitan Laundry Machinery: www.metropolitanmachinery.com
Laundroworks Card System: www.laundroworks.com
Episode with Atmosphere TV: https://youtu.be/7Gwh0ZsWfhc
Timestamps
0:00:00 Laundromat Millionaire Intro
0:03:16 Stephen’s Backstory
0:10:37 An Offer from Eastern Funding
0:14:39 Why Invest in Laundromats?
0:19:34 The 1st Location
0:24:55 White Box Conversion vs Retool Existing Laundromat
0:26:58 Competitive Analysis of Store
0:29:35 Thoughts on Free Dry
0:33:16 The data – Why this model?
0:37:11 Eliminate TV’s??
0:41:24 Layout of 1st Store
0:44:13 How to Balance Through-Put and High Rent
0:47:38 Building a Staff
0:55:19 Why Left Eastern Funding for this “Passive” Venture
0:57:46 The 2nd Location
1:00:00 Masterclass on Store Valuation
1:06:36 Future Plans
1:09:04 Advice