In this interview, we sat down with Alex Smereczniak, the founder of LaundroLab. Alex has a fascinating story of how he got started in the laundry industry and has some great insights into what it takes to be successful as a franchisee. We talked about everything from his parents’ reaction to his decision to start his own business to how the business model works and what numbers are important for franchisees’ success.
Visit LaundroLab Website: https://www.laundrolab.com/
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00:00 Introduction
00:20 About Alex Smereczniak’s Background
02:08 Q&A – What did your parents think about you going into entrepreneurship?
03:36 Q&A – How did you decide to pursue raising capital instead of just bootstrapping the operations?
06:29 Q&A – How is a typical location set up?
08:43 About the B2B Side of The Business
10:09 Q&A – What is the revenue split?
11:30 Q&A – What do you charge for the royalty?
15:34 About the Equipment Cost
17:22 Q&A – Is there another industry that you have looked at, revolutionized by technology, that has strongly inspired you?
19:22 Q&A – What is the ideal square footage for a LaundroLab?
22:05 Q&A – What is the process in terms of getting started?
23:36 Q&A – Are there a couple of numbers that are important to the success of the franchisees’ business?
25:06 Concluding Thoughts
#LaundroLabFranchise #VettedBiz
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