Is buying a laundromat a good investment?

[Beedad]

I researched this years ago. There's a lot to consider here.. overhead is a bytch. First, you have to make sure you have a maintenance contract with a handyman or the company that you are buying the machines from. Just think what will happen if you have a few machines down, that's money out the door. Then, imagine what the water, sewage, electric and gas bill will be on a monthly basis. Not to mention the rent for the location if you don't own the building. Next, you have to consider if you will have a wash and fold service which could be very profitable. If you do that, then you have to hire workers that you don't have to pay too much to run that service. A lot of times with the wash and fold service, they pick up and drop off so you may have to hire a driver and buy a van. You don't have to do that service but you would want to get as much business as possible.

After I did the research, I quickly moved away from it because the overhead was too crazy.

 

[RealDaejon]

Ah, you've seen that CAC's YouTube videos as well I see. I binge watch dem shyts like a MF.

 

[dtownreppin214]

Investment Joy

This dude is a good follow on YT. He posts every detail about his laundromat from acquisition to weekly financials.

 

[⠀⠀⠀]

i seen one youtuber who broke down his profit which was only like 400 a month after expenses and bills.

 

[Seoul Gleou]

overhead seems low but location and traffic are everything

 

[TELL ME YA CHEESIN FAM?]

It sounds like a good idea, I'd make it self functioning so you don't have to hire any employees. A nice little passive income. You just gotta figure out if it'd be profitable.

This is the wrong place to ask though. Too many dumb nikkas

U ever been inside a laundromat?
U gonna need employees no matter what
Dumb ass nikka

 

[Icantspell]

Only if its a good deal and you own the land also

 

[Ezekiel 25:17]

U ever been inside a laundromat?
U gonna need employees no matter what
Dumb ass nikka

Its called 'automation' and I was speaking hypothetically outta my ass. I already told him this the wrong place dumb ass nikka.

 

[DJ Paul's Arm]

sounds like a simple idea but I would think that market is saturated.

Hell nah

My man's can open up a high tech spot with them Samsung joints. Add TVs everywhere, cameras for client safety, brightly lit.

Shieeet OP can hit the gym and place a spare room in the back. Give massages and smash while them milfs clothes are drying.

bytches gonna wanna go there for some alone time from the house

 

[Be Strong Blackman]

This is the wrong place to ask though. Too many dumb nikkas

truth

 

[TELL ME YA CHEESIN FAM?]

Its called 'automation' and I was speaking hypothetically outta my ass. I already told him this the wrong place dumb ass nikka.

You're an unemployed construction worker
Shut the fukk up

 

[billywhosmokealot]

U ever been inside a laundromat?
U gonna need employees no matter what
Dumb ass nikka

You're an unemployed construction worker
Shut the fukk up

 

[Ezekiel 25:17]

You're an unemployed construction worker
Shut the fukk up

What's wrong with being a construction worker? Since when is that something to look down on? Most trades make $35/hr.

Im on the management side of things because I got my Associates Degree in construction management. I don't do labor. I'm not working now, but I'm still getting paid

 

[TELL ME YA CHEESIN FAM?]

What's wrong with being a construction worker? Since when is that something to look down on? Most trades make $35/hr.

Im on the management side of things because I got my Associates Degree in construction management. I don't do labor. I'm not working now, but I'm still getting paid

 

[Ezekiel 25:17]

Wanna make a ban bet? I'll post my degree now and if I do you're banned for a month.