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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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