Welcome back to Pass the Secret Sauce, today’s episode we have Dave “Laundromat Millionaire” Menz. Dave is a laundromat industry veteran and the owner of the Queen City Laundry Chain of Laundromats in Cincinnati Ohio. Dave’s inspirational journey from poverty to becoming a millionaire has inspired many entrepreneurs to try and overcome their own obstacles while building wealth. He’s here to share some of the secrets to his success. Dave is the host of The Laundromat Millionaire Business Podcast and the author of the book "Laundromat Millionaire", to be released in late 2021.

In this episode we discuss:

• Introduction to episode  [1:27]
• Dave’s humble stereotypical childhood  [2:50]
• How and when did the entrepreneurial bug hit him  [4:40]
• Worked at Corporate America for 12-13 years, got promoted five times  [9:00]
• How did he get in the laundry business  [10:15]
• Getting mentorship through podcasts and other resources  [13:55]
• Learnings he had when doing business  [18:10]
• Have a mentor/coach that will lead you to process is essential  [20:50]
• Getting the ‘Shiny Object’ syndrome as an entrepreneur  [23:12]
• What his adversities thought him and how he breakthrough  [24:28]
• How did Dave handle the process of financials in the laundry business  [27:58]
• Determining the right location for your laundry business  [31:20]
• Doing a national revenue partnership with other laundromat owners  [34:40]
• Dave’s suggestions in buying laundromat business [36:00]
• Laundromat Millionaire podcast and book  [42:38]

Quotable Quote

• To have a coach/mentor to lead you through the process of any business or any industry, especially before you even close on it,  is an incredibly powerful thing. 

Links to sources and tools

• Connect with Dave Menz on LinkedIn
• Get a FREE consultation of Dave about laundrymat industry

Listen to other PTSS Episodes

• https://passthesecretsauce.com/

Thanks for listening. Don’t forget to like us on Facebook: https://www.facebook.com/passthesecretsauce to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.

Support our podcast

If you’re a fan of the show, there are three simple things you can do to support our work:

1. Subscribe, rate and review: https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483 the podcast on iTunes or wherever you subscribe.
2. Tell a family member, friend, or colleague about the show.
3. Subscribe to us on YouTube: https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA and follow us on LinkedIn: https://www.linkedin.com/company/pass-the-secret-sauce-podcast

This podcast is hosted by ZenCast.fm