Jon Schemmel has taken SBL Ventures from zero to 23 laundromats in 5 years! Learn how he's done it, the model he uses, the lessons he's learned, and his hopes for the future. Can laundromat be a passive venture? Is more always better? Thoughts to ponder in this episode of The Laundromat Millionaire Show with Dave & Carla Menz.

Referenced Links:
Our Guest: linkedin https://www.linkedin.com/in/jon-schemmel/ and website http://www.sbl-ventures.com/
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
Laundroworks: https://laundroworks.com/
Todd Santoro – Clean Wash Systems https://cleanwashlaundry.com/
Connecteam app https://connecteam.com/
Alliance Laundry Systems https://alliancelaundry.com/
Open Phone https://www.openphone.com/
FasCard: https://www.laundrycard.com/products/fascard/

Timestamps
00:00 Episode 101 Intro
02:29 Jon’s Background: Going from zero to 23 laundromats
04:40 Beyond a Passive Investor
06:52 Getting the 1st Store
08:14 Full-time Job + a Side Hustle?
11:28 Branding Across the Laundromats
12:15 Focused on Turnkey or Fixer Uppers?
15:50 Locations
18:03 Building a Team
20:42 Lessons from Corporate America
22:13 The Laundromat Model
25:53 Customer Service when Unattended
28:01 Payment Systems & Collections
30:57 Evaluating a Potential Purchase
32:48 Staying Basic or Optimize Revenue Streams
38:56 Tips for Managing 23 Locations – Controlling Collections
43:50 Entities & Bookkeeping Strategies
51:07 Building the Airplane as You Fly – Final Thoughts

Confused about what "due diligence" is? Not sure what steps to take before you buy that laundromat? How do you make sure it's a good deal and you're protected? In this episode of The Laundromat Millionaire Show, Dave & Carla Menz reveal their 12 recommended steps to take before you close on that laundromat purchase.

Referenced Links:
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com
Eastern Funding: https://www.easternfunding.com/
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
LM Show on Leases: https://www.youtube.com/watch?v=npSt0Kn6uuE
Laundroworks: https://laundroworks.com/

Timestamps
00:00 Episode 100 Intro on How to do Due Diligence before You Buy
03:52 What is Due Diligence?
05:57 Making the Offer: Writing a Letter of Intent
11:35 Step 1: Get the Support Behind Their Numbers
17:28 Red Flag Expenses
25:34 Step 2: Difficult to Escape a Bad Lease
32:26 Step 3: Assess the Equipment & Inventory
36:14 Step 4: Demographics & Value of the Location
38:42 Factoring in the Float of a Card Store
44:05 Step 5: Evaluating Current Operations
46:33 Step 6: Analyze the Competitive Landscape
48:57 Step 7: Regulatory Compliance
51:08 Step 8: Watch for Lawsuits and Contract Obligations
53:15 Step 9: What is the Status of their Brand?
55:19 Step 10: Proper Coverage from Day 1
57:50 Step 11: What About the People?
1:00:51 Step 12: But What Will the Future Hold??
1:04:35 Final Thoughts and Call to Action

In this episode of the Laundromat Millionaire Show, Carla Menz, Brett Lyon, and James discuss the transformative impact of AI on the laundromat industry. They delve into the development of a premium AI call center, emphasizing the importance of customization, accuracy, and customer service. The conversation highlights the journey of AI engineering, the challenges faced in implementation, and the future potential of AI in laundromats. A live demo showcases the capabilities of the AI call center, demonstrating its ability to handle customer inquiries efficiently and accurately. The episode concludes with a call to action for laundromat owners to embrace AI technology to stay competitive in the evolving market.

AI, Laundromat, Call Center, Customer Service, Automation, Technology, Digital Marketing, Innovation, Business Solutions, Customization

Referenced Links:
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com
LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Our Website: https://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: https://www.queencitylaundry.com
Our pick-up and delivery laundry services: https://www.queencitylaundry.com/delivery
Our WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/
Suggested Services Page: https://www.laundromatmillionaire.com/services
WDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/
Clean Show Registration: https://the-clean-show.us.messefrankfurt.com/us/en.html
Demo AI Call Center Number: +1-513-951-3894

Timestamps
00:00 Episode 99 Intro to AI in Laundromats
01:48 Meet James: The AI Engineer
05:00 The Evolution of AI Services
07:28 AI Call Center: A Game Changer
13:04 Building a Knowledge Base for Success add 2.42
14:07 Challenges and Solutions in AI Implementation
23:43 Live Demo of the AI Call Center
28:36 Voice and Language Customization in AI Services
32:22 AI Call Center Efficiency and Accuracy
42:26 Integration with POS Systems
45:39 Turnaround Time for AI Call Center Orders
49:53 Addressing Fears and Misconceptions about AI
54:47 Additional AI Services to be Revealed
1:00:29 Call to Action and Future Opportunities