186. How to Take a Systematic Approach to Operating Your Laundromat with Jeff Grampp

Welcome back to another episode of the Laundromat Resource Podcast! This time, we're diving deep into the world of laundromat ownership with Jeff Grampp, who brings a systematic and strategic approach to running his business. Join our host, Jordan Berry, as he sits down with Jeff to explore his journey from financial services to owning a laundromat in Southern California. 

Jeff shares insightful tips on securing the right deal, lessons learned in operations, and his unique knack for utilizing data to enhance business decisions. Whether you're a seasoned owner or looking to get your start in the industry, Jeff’s story is packed with valuable lessons and actionable advice. Tune in and discover how patience, thoughtful planning, and a focus on customer and employee experience can set you up for success in the laundromat business!

In this episode, Jordan and Jeff discuss: 

00:00 Jeff Grampp: Finance and Real Estate Journey

06:10 Overcoming Hesitation with Coaching

15:12 Prioritizing Qualified Buyers

16:35 Creative Path to Buying a Laundromat

25:15 Avoiding Business Overreach Mistakes

31:35 Waiting for Lease Terms

34:41 Navigating Real Estate Purchase Challenges

41:18 Craigslist Job Survey Screening

47:20 Flexible Store Cleaning Schedule

50:07 Estate Administration Challenges

55:57 "Learning and Adapting to Automation"

59:54 Quick Laundromat Improvements Boost Business

01:06:47 "Laundry Match Promotions: Costly Mistake"

01:10:00 Customer Support and Training Commitment

01:16:27 Pre-Purchase Worry and Reassurance

01:23:16 "Strategizing My Business Expansion"

01:26:08 Laundromat Industry Competition Insights

01:34:44 Planning and Funding for Business Upgrades

01:38:05 Seller Finance: A Negotiation Red Flag

Show Notes
https://laundromatresource.com/show186

Resources

Website: https://www.superwashdrylahabra.com/

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