Millionaire University He Was Broke… Until Laundry Made Him a Millionaire | Dave Menz (Part 1) (MU Classic)
#705 What if you could build wealth by revitalizing one of the most overlooked industries in America? In this episode hosted by Kirsten Tyrrel, we sit down with Dave Menz, the Laundromat Millionaire, who turned a failing, run-down laundromat into a multimillion-dollar empire by focusing on one key principle: serve your community better than anyone else. Dave shares how modernized laundromats are transforming neighborhoods, why customer experience is the ultimate differentiator, and how even with zero business background, you can start small and scale big. From flipping "zombie mats" to creating full-service laundry hubs with delivery, Dave reveals the untapped potential hiding in plain sight — plus the emotional rollercoaster and sacrifice that come with the entrepreneurial path. This is part one of a two-part masterclass that will forever change the way you view the laundromat business!
(Original Air Date - 4/28/25)
What we discuss with Dave:
+ Turning "zombie mats" into assets
+ Serving community as wealth strategy
+ Differentiating through customer experience
+ Importance of modernized laundromats
+ Three ways to enter the industry
+ Hidden demand in overlooked areas
+ Comfort and design as market edge
+ Full-service laundry model breakdown
+ Reinvesting profits to scale
+ Entrepreneurship as emotional growth journey
Thank you, Dave!
Check out Laundromat Millionaire at LaundromatMillionaire.com.
Check out Queen City Laundry at QueenCityLaundry.com.
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