Alex Smereczniak
๐ค SpeakerAppearances Over Time
Podcast Appearances
um they loved what we were doing like look we'll be the bank we'll back you guys we don't typically do this but you have two and a half million of pickup and delivery volume that you're gonna bring to this location day one there is almost zero risk of you not paying us wow um so let's go do so they banked and financed all your machines yep
and some of the build-out, which they would never do, is because of how much volume we had.
And they looked at this as, if we do right by them now, and this works, they're going to go open hundreds of these, and we want Electrolux equipment into these locations, not anyone else.
So we ended up buying.
You'll appreciate this as a real estate guy.
I know you do more than that.
In my heart, that's where I'm at.
We, our first real estate deal for that laundromat was with McDonald's corporate.
So I'm 25 negotiating with Chicago McDonald's Chicago office on, and I got fleeced of course.
Can't put a restaurant into our spot for 20 years.
Yeah.
Yeah.
Okay.
And again, we had good mentors and support along the way.
One of the guys that was personally guaranteeing some of the debt was started FastMed Urgent Care, one of the largest standalone urgent care businesses in the country.
So he had done 400 different commercial businesses.
Yeah, he's got it.
So he's like, all right.
And so they didn't know that he was doing this.
So they were like, who is this kid?