He Was Broke… Until Laundry Made Him a Millionaire | Dave Menz (Part 1)

#370 What if you could build wealth by revitalizing one of the most overlooked industries in America? In this episode hosted by Kirsten Tyrrel, we sit down with Dave Menz, the Laundromat Millionaire, who turned a failing, run-down laundromat into a multimillion-dollar empire by focusing on one key principle: serve your community better than anyone else. Dave shares how modernized laundromats are transforming neighborhoods, why customer experience is the ultimate differentiator, and how even with zero business background, you can start small and scale big. From flipping "zombie mats" to creating full-service laundry hubs with delivery, Dave reveals the untapped potential hiding in plain sight — plus the emotional rollercoaster and sacrifice that come with the entrepreneurial path. This is part one of a two-part masterclass that will forever change the way you view the laundromat business! What we discuss with Dave: + Turning "zombie mats" into assets + Serving community as wealth strategy + Differentiating through customer experience + Importance of modernized laundromats + Three ways to enter the industry + Hidden demand in overlooked areas + Comfort and design as market edge + Full-service laundry model breakdown + Reinvesting profits to scale + Entrepreneurship as emotional growth journey Thank you, Dave! Check out Laundromat Millionaire at LaundromatMillionaire.com. Check out Queen City Laundry at QueenCityLaundry.com. Follow Dave on Facebook and LinkedIn. Watch the ⁠⁠⁠video podcast⁠⁠⁠ of this episode! And follow us on: Instagram Facebook Tik Tok Youtube Twitter To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Want to hear from more incredible entrepreneurs? Check out all of our interviews here! Learn more about your ad choices. Visit megaphone.fm/adchoices

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Millionaire University is on a mission to help you build wealth, achieve financial freedom, and create a business that supports the life you want. We reveal proven strategies for business growth, personal finance, and investing—teaching you how to increase your income, build passive revenue streams, and take control of your money. You will learn how to start and scale a business, make smarter financial decisions, and build lasting wealth—all while creating a life of impact and fulfillment.  Growing a business and achieving financial freedom doesn’t have to be as complicated as some may think. At Millionaire University, we cut through the confusion and break things down in a simple, actionable way to help you reach your financial goals faster.  Whether you’re launching a business, scaling an existing one, growing your net worth, creating multiple income streams, learning to invest or developing a millionaire mindset to overcome obstacles holding you back, we’ve got you covered. In each episode, one of our Millionaire Mentors will deliver an action-packed masterclass, sharing exactly how they built wealth—and how you can do the same. If you're ready to take a smarter, faster path to financial freedom, welcome to Millionaire University—your school for wealth creation. Graduate rich, not broke. Get your FREE Business Training at MillionaireUniversity.com/training.