The terms of your purchase deal can make or break your chances for a successful business - and it all starts with making the right offer! In this episode of The Laundromat Millionaire Show, Mike Finger of Exit Oasis returns to share his laundromat journey including tips for proper due diligence, improving the business, and reselling it for 2.5 times his cost!

Referenced Links:
Our Guest: Exit Oasis Website: https://exitoasis.com/
Mike's LinkedIn: https://www.linkedin.com/in/mike-finger
Our Sponsors: H-M Company Drain Troughs: https://www.draintroughs.com & LaundroBoost: 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/
LM Episode on Due Diligence: https://youtu.be/Q0kIxMrmuwA
Previous Episode with Mike: https://youtu.be/35Od9WsLHD8
Form 8821: https://www.irs.gov/pub/irs-pdf/f8821.pdf

Timestamps
00:00 Episode 107 Intro – Mike Finger
03:42 Mike’s Background & Recap of Episode 81
06:18 Finding a Laundromat to Buy
08:51 Making an Offer
11:33 Doing the Due Diligence – First Attempt & Uncovering Lies
14:37 Looking for Other Options – Drop Note Strategy
15:16 Doing the Due Diligence – Second Attempt & Bypassing the Owner
21:05 Using Utility Bills to Estimate Revenue
24:51 Foreclosure, Final Offer & Purchase
25:54 Dave’s Thoughts on Due Diligence and the Timeline for Purchasing a Laundromat
28:28 The Importance of Patience
30:57 Difficulty in Financing Some Deals
34:23 Running Your Business to Maximize Its Value
37:00 Turning His Laundromat Around and Reselling at 2.5X His Cost
42:36 Learning to Delegate
43:54 Our Story of Creating a Sellable Business
48:22 Changing the Vocabulary Around “Sellability”
51:04 Most Important Concept Learned as a Business Owner
51:46 Impact of the Initial Deal
52:34 How Mike Increased the Value of His Laundromat
57:10 Final Thoughts – Contact Info for Mike Finger

Why should you hire a marketing company when you could do it yourself? Why does it matter if the company specializes in the laundry industry? Can't AI basically do your marketing for you? These questions and more are discussed in this episode of The Laundromat Millionaire Show as we come LIVE from the LaundroBoost Marketing booth at Clean Show 2025! Get answers from our experts, Brett Lyon, Eric De Jong and James Woods of LaundroBoost Marketing.

Referenced Links:
Our Guest: LaundroBoost Marketing Company: https://laundroboostmarketing.com/
Our Sponsors: Eastern Funding: https://www.easternfunding.com/ & 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/
Previous Episodes with Brett: https://youtu.be/TjY4W4lfGWQ https://youtu.be/2OWVERc2ziY https://youtu.be/PxbmxlsWcOw

Timestamps
00:00 Episode 105 Intro – Brett Lyon
01:16 Marketing Recommendations for New Owners
04:47 Advantages of Laundry Industry-Specific Marketing
07:08 The Added Power of Continuous Marketing
09:06 Varying Results in Varying Markets for Varying Services
10:21 Refuse to Market for Competitors
11:38 Start with a Great Product or Service
12:14 The Industry-Specific Difference in Simple Terms
12:53 First Come, First Served
13:13 Intro & Background of Sales Manager – Eric De Jong
16:59 DIY Marketing vs Professional Industry-Specific Marketing
22:28 Continuous Monitoring & Adjustment of Campaigns
26:41 The Shared Responsibility for Success
27:47 Doing What’s Right for Our Customers
34:11 The Sales Calls
36:49 Understanding Google Ranking Heat Maps
39:16 Longterm Plan for Growth – Making the Most of Your Budget
43:12 Pricing of Marketing Services
45:53 AI Offerings for Small Businesses
49:46 Using AI for DIY Marketing
52:49 Will AI Make Marketing Cheaper?
57:32 AI Capabilities Rapidly Changing & Final Thoughts

Catch these live demos of the new technology that is revolutionizing the dry cleaning industry! Learn how you can offer dry cleaning without the typical large investment and treat stains like a pro! In this episode of The Laundromat Millionaire Show - LIVE from Clean Show 2025 - Dave & Carla team up with Presso to show you their amazing new technology!

Referenced Links:
Our Guest: Presso: https://getpresso.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/
Previous Episode with Cam Callstrom: https://youtu.be/sBzQJSiCJrI

Timestamps
00:00 Episode 105 Intro – Nishant Jain & Cam Callstrom
01:25 Story Behind the Creation of the Presso Air Wash & Air Press Machine
05:14 Expected ROI and Product Demonstration of Presso Machine
12:58 Ease of Use with Touch Controls
15:38 How Presso Isn’t Just a Steam Cabinet
17:49 Gentler on Fabric than Traditional Dry-Cleaning Processes
23:18 The Resulting Pressed Product
23:57 Ease of Training Staff to Use Presso
25:17 Type of Items it Can & Can’t Press
28:48 Creating a Drop Store with Presso
29:47 Adding Complimentary Products to Presso – BIG REVEAL!
34:56 Introducing Thibault Corents & the Presso Air Touch Spotting Machine
35:57 Air Touch Ease of Use
36:27 Air Touch Product Demonstration
37:40 Replenishing the Chemicals
39:01 Only Eco-Friendly & Non-Toxic Chemicals
42:52 Product Availability & Demand – Reserve Yours Today!
43:36 Product Requirements
43:55 After Treatment Reveal
44:24 Treating More Difficult Stains
45:21 Future Updates to Air Touch
47:07 The Air Touch – Uses for Existing Dry Cleaners
48:20 Final Thoughts