3 Millon Dollar Laundromat? - Multi Store Owner Reacts
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I react to this laundromat that supposedly makes 3 million dollars per year. After watching the video, I find out that the laundromat only makes 80k per year, the wash and fold pickup and delivery service makes the real money.
Watch the full video here - • This Laundromat Makes ...
Laundromat Design Mistakes
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Hi my name is Michael and this KZread channel. I have been in the laundromat business for 5 years as well as a seasoned real estate investor. I try to upload a new video every other day at 8am, so please subscribe if you enjoy my content.
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And... this is why (after consulting with hundreds of Laundry operators) I am a proponent of giving the W/D/F away. Focus on the laundromat cash, and get a contract attendant with an "operator mindset" not an "employee mindset."!
Red Flag, they said all machines were running 24/7 doing laundry, yet in the video most of the machines are empty, and only a few customers are in the place. And no you can add more revenue streams to a laundromat, especially one that size. You can have a dry cleaning drop off and pick up service, a small cafe for the customers. Vending machines. Arcade games. And if the place does 3 million in a year, why on earth would they need someone to invest a measely 100K? What would be benefit to that? This whole video smells.
Very interesting I think it could be a huge market people are getting lazier and lazier wanting someone else to do everything for them so I think they would be willing to pay for the service I see how many people order DoorDash and are willing to pay the price more expensive than the actual food so I think they would pay for the laundry service also question is do people have the money
@gersitz
2 жыл бұрын
They are in the 11th most populous city in the US, not sure this model would work in smaller cities. I see a ton of these companies utilizing technology for this business type. Another thing to think about is commercial accounts. Every hotel and restaurant- big accounts.
@steventaylor2561
2 жыл бұрын
@@gersitz True I wonder how big of a city you need to make this work. How is the one unit working out that you where building out for a laundry
What would a laundromat of this magnitude look like?
Looks like a great laundry place to me.
@gersitz
2 жыл бұрын
Yea the laundromat is nice, not even sure why it’s open to the public with that level of pickup and delivery
@CrestwoodRocks
2 жыл бұрын
@@gersitz perhaps the area that it is in or the neighborhood that is in
She is a terrible interviewer