Laundromat Profits After 10 Days

[Mike809]

It's like he took the magic penny instead of the 1 million.

 

[InkosiYe]

I know a guy that just bought and sold a laundromat business within like 6 months. Said he had to be there non-stop because he couldn't get people to work the shifts, and also said that even when he got people to work he kept running into issues with them not do things the way he was training them to.

He spent about a month and a half working 12 hour days 6 days a week until he said fukk it and sold at a slight loss.

YMMV tho

 

[TRUEST]

Probably not as serious as people think a few weeks probably takes care of the machine costs and maintenance. That's each machine by itself taking care of itself. If it's not being used there's no wear. Probably just as worth it to buy new machines every few years.

Yikes at that reasoning

 

[RAX 010]

Tha startup cost gotta be crazy tho right?
Who's got the numbers????

 

[Chrishaune]

Tha startup cost gotta be crazy tho right?
Who's got the numbers????

Lowe's is selling new commercial washers and dryers for around $2k - $3k

Rent for a spot. Hire a plumber to hook it up. Fight with local government on regulations. Etc, etc.

 

[Oatmeal]

 

[Oatmeal]

 

[3rdWorld]

George and Weezy were well off from cleaning clothes.

 

[Jaylen Tatum]

In high school it was some dudes that use to rob laundromats.

 

[Lucky_Lefty]

2 Nigerian brehs around my way got the same type of setup. They just expanded since the pizzeria next door shut down. They got folks hook, line, and sinker. Washer prices are a little high but manageable but the kicker is they don't charge folks for drying. I'm gonna ask them how much startup $$ it took for them since I'm moving to a nice size college town

 

[Lucky_Lefty]

This is genius!!!!

Actually that's dumb depending on where it's located. As someone who's moved around a grip and actually likes knocking out all my laundry at my once, it's a lotta mf's who be at them joints you really not trying to get liquored up. Let a machine breakdown and start spilling water, slip and fall and I'm suiting

 

[IAMDetroit]

Thats some nice amount of change… running a laundry mat seems cool….

He should switch to loadable cards.
Unless he washing money....

 

[Complexion]

Most of them are laundering more than clothes...

 

[Spence]

13,000 for 10 days.
39,000 for the month.
468,000 for the year.

I’m guessing this is…considerably above average for laundromats.

The only thing I don’t like is that laundry mats are ALWAYS exploiting poor neighborhoods. They do however provide a pretty necessary service so it’s five and take I guess.

 

[Mensch Fontana]

Half a P&L sheet inst impressive