From Homeless to Making Millions With Laundromats

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Codie Sanchez

Codie Sanchez

Күн бұрын

Пікірлер: 338
@CodieSanchezCT
@CodieSanchezCT Жыл бұрын
Check out 130+ other boring businesses I love to buy here: contrarian-thinking.ck.page/130-boring-biz
@htinvestment
@htinvestment Жыл бұрын
How much did he spend on renovations and adding newer equipment? Just curious what other costs beside $15k downpayment
@jacklyn-b1u
@jacklyn-b1u 15 күн бұрын
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
@CheriFanizza
@CheriFanizza 15 күн бұрын
For majority, the solution to their problem can be found in specialized knowledge, so can as well seek guidance from a well experienced advisor.
@Carolj-p9j
@Carolj-p9j 15 күн бұрын
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
@Tommyp-w1b
@Tommyp-w1b 15 күн бұрын
Truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
@Carolj-p9j
@Carolj-p9j 15 күн бұрын
Grace Adams Cook is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
@Tommyp-w1b
@Tommyp-w1b 15 күн бұрын
Wow such an eye-opener! curiously inputted Adam Grace Cook on the web and at once spotted her consulting page, she seems highly professional from her resume.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Had no clue there was a video about me :D Thanks! I hope it encourages people and similar points of life like me to do well for themselves and the people around them!
@Iris_Collins
@Iris_Collins Жыл бұрын
You've got a Pac-man game in your laundromat! Sweet!
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@Iris_Collins It's been good : $800 to buy, made back maybe $1k so far, power needs are next to nothing
@chriss4365
@chriss4365 Жыл бұрын
Where did you get the t shirt? I loved that lost lamp movie when I was a kid. And the vault with the coin diving.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@chriss4365 Khols
@jdavies
@jdavies Жыл бұрын
Will you share the process or resources you recommend to finding businesses for sale? There are a lot of them, but I'd like to know your thoughts.
@Raymondjohn2
@Raymondjohn2 Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@usieey
@usieey Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@maga_zineng7810
@maga_zineng7810 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@audeywolsh
@audeywolsh Жыл бұрын
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@usieey
@usieey Жыл бұрын
Impressive can you share more info?
@audeywolsh
@audeywolsh Жыл бұрын
My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@persico9017
@persico9017 Жыл бұрын
Yeah, because every homeless person has 15k to put down on a business 🙄🙄🙄🙄
@tonyc1793
@tonyc1793 6 ай бұрын
Get to work buddy 💪 😂
@jerryjj36
@jerryjj36 Жыл бұрын
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now
@mariposacadillac4325
@mariposacadillac4325 Жыл бұрын
How do I really invest in bitcoin and make huge profits, i'm actually confused here, can someone please help me out
@user-jn3tf1sd8y
@user-jn3tf1sd8y Жыл бұрын
Same here, It's very confusing seeing so many people talk about the profits the make from there investment in bitcoin while I keep dipping from on win to a bigger loss
@vNicoleschmitz
@vNicoleschmitz Жыл бұрын
Typically a financial adviser will just put you into standard/tried and true products that are mostly just index funds and ETFs. This has been a down year to invest. If I were you I'd be investing broadly into the S&P 500 and broader index funds, that way you're instantly diversified and you don't have to worry about it too much. Over time, your investment shall grow, just don't get too focused on the short-
@Maria-pm1lh
@Maria-pm1lh Жыл бұрын
​@@vNicoleschmitz That's true most people today have been having a lot of failures in bitcoin because of poor orientation or bad expert
@Maria-pm1lh
@Maria-pm1lh Жыл бұрын
Bitcoin investment (fx) can be profitable and lucrative when it is approached as a business, but achieving a level of success is extremely difficult and can take a long time. It's a good idea to fine an expert of this form of investment prior to getting started with. As you can see, the market is open and operates 24 hours a day and almost seven days a week
@samuelwatt4580
@samuelwatt4580 Жыл бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@philippine6168
@philippine6168 Жыл бұрын
You're absolutely right, to be a successful in life required not only hard work but awareness and sometime opportunity at the moment, investment remains the best way to start.
@manuelitale3545
@manuelitale3545 Жыл бұрын
I agree with you. Investment is the key to sustaining your financial longevity. And not just any investment but an investment with guaranteed return.
@bernarddonald8203
@bernarddonald8203 Жыл бұрын
​@@manuelitale3545yeah investment is the key to sustaining your financial longevity but venturing into any legit investment or business without a proper guidance of an expert can lead to great loss too.
@agraimentsyahung726
@agraimentsyahung726 Жыл бұрын
​@@bernarddonald8203Exactly and many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
@rahmatumustaph1609
@rahmatumustaph1609 Жыл бұрын
​@@agraimentsyahung726 Obviously talking about been successful, I know I am blessed if not I wouldn't have met someone who is as spectacular as Debra Barton
@MrDavehathaway
@MrDavehathaway Жыл бұрын
Did I miss the part where he said how much it cost him to reno the place & put in new machines after he bought it? $15,000 sounds like a great deal but I'm always VERY suspicious of videos that 'conveniently' leave out all the costs. Still, a very good video.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Didn't end up in final cut - $15k down, $25k renos to get off the ground, 100% of that was from a private second carry. That got me 1yr down the road, making some money, then we put a $100k reno loan in and it was next to nothing down.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Going from 16 top loaders to 2 was a great choice
@Cookies205
@Cookies205 Жыл бұрын
@@InvestmentJoy Thank you for the info Brandon
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@leewinter28 Depends on your area/demographics. I've seen multiple, single-location mats do over a million gross, bottom line revenue of $200k-$300k. Around here, $200k+ is a very elevated lifestyle
@mg3667
@mg3667 10 ай бұрын
​@@InvestmentJoy Great video and very inspiring. My question is how did the seller finance work out in your deal? How did you pay the 70k back to the seller? Lastly what would a seller finance deal look like if the Laundromat was being sold for 150,000
@mysteriousjz
@mysteriousjz Жыл бұрын
Making videos and selling "books" how to make money is more profitable than opening a laundromat: These are schemes to have you buy their 8000 dollars handbooks with information that you may find free online. It is better to do your own research in real life, befriend who is already doing it and partner in.
@Meetericaddo
@Meetericaddo Жыл бұрын
He said "I love Money and I wanna make Money." Damn, I love this statement.
@Meetericaddo
@Meetericaddo Жыл бұрын
By the way, I really love how you ask questions that we the audience wants answers on.🙂 Thank you!
@adrianfierro5503
@adrianfierro5503 Жыл бұрын
Yeah but are you willing to pay the price to do it?
@Meetericaddo
@Meetericaddo Жыл бұрын
YES. ......It's easier said than done right?
@CodieSanchezCT
@CodieSanchezCT Жыл бұрын
woo hoo!
@MichaelBrianInc
@MichaelBrianInc Жыл бұрын
What a poor statement to “love”... For the love of money is the root of all evil... That love affair with money won’t last long in this life, and all the money in the world can’t be brought with you when you’re gone. And the fact that one poster here said they’d be willing to do anything for money is crazy to me... How far or what would you really do for money then? May God touch your life in a way that causes you to turn from this idea and idolatry of money. Nothing wrong with money and wealth, but to proclaim the love of money is truly the root to evil. Idolatry is sin. Greed is sin. Selfishness is sin. These are very few things the move of money will lead you towards. Life is more then just a bank account. Just remember that God is the one who gives all resources in this life including money. And God is in control. As quickly as you think you can make obtain it is as quickly as God can take it away. God over everything! I mean this message well. Don’t fall for the trap the devil lays out in life. Everything in this life comes and goes. All ups have its downs. It’s all like the wind. Like another commentator said, chase knowledge not money. The Bible teaches to chase knowledge and understanding and you will have wisdom. Wisdom is where your true wealth comes from. Don’t love money. One day it will destroy you.
@Samuel-wf6kk
@Samuel-wf6kk Жыл бұрын
Hi Codie, this really changed my perspective. As a Warren Buffett student, I always felt I have to save money to buy stocks but looking at this, I can actually starting buying physical businesses. I'm shocked I never thought of this. Thank you very much 💕 He's a millionaire and his dress is less than casual and he drives a car less than 12k. This is also helpful as I see a lot of young entrepreneurs saving up for a Lamborghini or Ferrari. Simplicity I think, makes a better businessperson
@209thedon
@209thedon Ай бұрын
Great vid- thanks Codie
@voracioust2499
@voracioust2499 Ай бұрын
its nice to hear about peoples success . some day I want to share my own
@SmangalisoManzini
@SmangalisoManzini Ай бұрын
Sanchez after I listened to your brain in DOAC podcast you really made an indelible impression on my memory in terms of business🤗 keep your work
@healingandrelaxation7090
@healingandrelaxation7090 Жыл бұрын
Stay resilient and optimistic, as great things are on the horizon for you! ❤🙏
@John315
@John315 Жыл бұрын
Everything comes at a risk. To make a move and buy something, you have to take a loan. And that itself, if your business doesn't go well, can be disastrous as it can set you and your kids into debt. You NEVER mess with banks. IF you have cash, ok, go buy a business. If you don't, go make some first... Just because one man made it, doesn't mean EVERYONE is gonna make it. Far from it.
@freedomliberty83
@freedomliberty83 2 ай бұрын
With that negativity its no wonder you're not successful. You don't even believe in yourself enough to take a business loan.
@DanielMohamadSaboune
@DanielMohamadSaboune Жыл бұрын
Not being a pessimist or anything but if he's broke and homeless, how'd he start with 15K .... Cause i'm broke but not homeless and my biggest struggle is building up an initial savings of 15K to put into laundromats for example. I'm on my journey there but that initial capital is harder to build than it seems at first. Keep hustling people 👍
@TheSoloAsylum
@TheSoloAsylum Жыл бұрын
He does not own a laundromat. He has an investor that buys the properties and he manages them.
@OffGridNorthIdaho
@OffGridNorthIdaho Жыл бұрын
Love this! Codie - can you talk about buying a business that's out of state from where you live? Extra steps and considerations? Living in remote north idaho is putting a big damper on finding my first laundromat acquisition! Thanks!
@sophiada376
@sophiada376 Жыл бұрын
I FEEL LIKE THE HOLE SEASON IS OVER, I'M TRYING TO GET INTO TRADING AS A ROOKIE, BUT I'VE HAD SO MUCH LOSS TRYING TO TRADE ON MY OWN, PLEASE WHAT STRATEGIES DO I NEED TO EARN PROFITS FROM THE MARKET
@chriswalls5831
@chriswalls5831 Жыл бұрын
If I had to own a carwash or laundry mat think I take laundry mat
@ninerknight5351
@ninerknight5351 Жыл бұрын
When I tell people my homelessness to multimillionaire story they always become defensive. Now I just mention the thought of a million dollars (without mentioning my accomplishments) to see who reacts negatively with a small mindset. Then I know who not to waste my time with befriending.
@manukiza
@manukiza Жыл бұрын
Please share. Always learning.
@dacarla21
@dacarla21 Жыл бұрын
Congratulations to you.Super proud of you❤❤❤
@u.s.aarchangelforgod3679
@u.s.aarchangelforgod3679 Жыл бұрын
Thanks Cody
@amazingchannel222
@amazingchannel222 Жыл бұрын
Every time I watch her videos it seems so easy, but I don't think it really is, so I attended one of her webinars and found out it will cost me $8000 if I want her course! The guy in this video bought a laundry mat and rental property with $15k, yet she is charging people 8k which for me is not something I am comfortable paying. Codie if you really want to help people make your course much more affordable and not some water down version either. Thanks
@InvestmentJoy
@InvestmentJoy Жыл бұрын
The paradox with courses is the less you charge, the less successful people end up being in general. Kind of an odd thing. I've seen guys charge $500 and $5000 for the same product, in the end the ones who spent $5k had higher success rates on average.
@MikeVloggin
@MikeVloggin Жыл бұрын
Finally someone with some common sense, no laundry mat will cost 15k nowadays
@amazingchannel222
@amazingchannel222 Жыл бұрын
@@InvestmentJoy I am sure there is something to what you're talking about, but 8k for her course is ridiculous especially in this high inflation economy. It stinks because I really wanted to get it.
@leecurtis4032
@leecurtis4032 Жыл бұрын
@@amazingchannel222 the reason you think it is so high is the exact reason for the pricing . To avoid clients like you who would cause all the headaches and problems . You already present to be the person who who would sign up for a 3 pay. Make the first installment then call your credit card company and said it’s fraud and want a chargeback !! You just validated the pricing strategy! People who are hungry will be glad to pay the price
@CodieSanchezCT
@CodieSanchezCT Жыл бұрын
Hey there - that is for our mastermind group for people who have over $100k to invest a year. That's just a different level. Start with the 9 day biz challenge for $150 or the ios course that's like $200. The price is high because we have hands on one on one content for those who are taking serious action. Sometimes you get what you pay for. Skin in the game is DAMN important. contrarianthinking.co/courses/
@DonteeWeaver
@DonteeWeaver Жыл бұрын
👀
@Enlighten1640
@Enlighten1640 Жыл бұрын
I don't recall you guys talking about how dude managed to get all them machines ( 1, yal mentioned was 12k ) if you times that by how many machines that's clearly over 15k " his startup " I feel like a lot of this info is just mis information, and it works for you cause again it's another income you got going, all part of your game. Plus another thing, these stories are outdated af. Give us a story where someone did this TODAY, in the current circumstances....not 5 years ago sweetheart.
@nikkibrissett5477
@nikkibrissett5477 8 ай бұрын
Oh please this man already had money. Trying to make it seem like he was homeless and this is easy is straight up lies especially if you are Black
@JohnSpeakstruth
@JohnSpeakstruth 6 ай бұрын
Just have decent credit + open business and you can business funding… many available resources!
@rubayyatkhan
@rubayyatkhan Жыл бұрын
Amazing stuff!! My question is how did you pay for renovation? was it bank that funded the money or private lenders or your savings? Thanks again.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Private $ on the initial, cashflow from biz on everything past the 3rd month or so
@Molly-e1x
@Molly-e1x Жыл бұрын
So how did you finance it if you were homeless?
@Namaegaaru
@Namaegaaru Жыл бұрын
Doubt he was homeless when he bought it. Interesting that his "homeless" picture shows him not much younger than he was in the video.
@Vinny-xi4rt
@Vinny-xi4rt Жыл бұрын
Why did the previous owner run out of business while you are profitable?
@Larrye123
@Larrye123 Жыл бұрын
How can water only cost $300 to $400 a month? I pay $45 on my home for 1 person? He should be using thousands of gallons in a day?
@peteranderson6068
@peteranderson6068 Жыл бұрын
Well done Codi good video . Am heading into second small laundry zero purchase . The a car wash zero money put down but will own 20% equity of two million dollar business . Yes spent a lot time searching and listening to podcast for opportunities but not 1 cent of my own money down . Only thing I put money into a unit complex with my wife renovating our selves will turn into be a B&B or long rentals or sell it late 2024 when economy recovers .
@phuntymes
@phuntymes Жыл бұрын
Who did you find money from that could be used for a down payment? How did you approach them to ask about it?
@peteranderson6068
@peteranderson6068 Жыл бұрын
@@phuntymes it’s about sweat equity ! On the car was I search for property secured it through heads of terms , which isn’t a legal binding doc , did P&L , branding traffic count everything that goes into a Car Wash to be able to present to investors . Once investors saw the site the business concept and ROI they jumped at it . For my input get 20% of equity and profit in business . I have already have second site on heads of term , so that will complete try up the branding . Basically I did everything and sold the concept ! Laundromat I was given the business because it was run down old equipment the management didn’t want the headaches anymore they even finance the equipment at 10% for 4 years as long as a take full control over it , that fine it’s nearly 100% paid off . Second on going under contract soon . I am not in America . Seriously there are a lot of people out willing to invest in business , especially cash flow business . Who would put all their put thin the Bank. I am returning 65% on the laundromat. Car wash which will be completed in August will be about 35% to 40% . My goal is to build a lager laundromat with the equity and cash I am building on the two small laundromat. Then I can add fluff and fold and run it 24 hours two differ staff and business model . I wish I was 20 years younger recovering from cancer just don’t energy I had before but still passionate.
@mharris5047
@mharris5047 Жыл бұрын
$12K for a washer -- that is NUTS!!!!! I bought a top loading laundromat washer and the matching laundromat dryer in 1987 for $1800 (I had to special order it -- my father knew an appliance dealer so that was how I managed to order it). I still use the washer today -- 35 years later, the only maintenance it has had is one new water pump and a few belts. I don't know how I will get parts for it now when something finally does go to hell on it since it is so old and I replace the belts by taking the old one into the local auto parts and matching it up. The dryer worked for about 25 years but it was electric so when I moved into a house that only had a gas connection point for a dryer (28 years ago)I gave it to my brother (who used it for at least 15 years and me for at least six -- I wanted to cry when he said he scrapped it as it was probably repairable) and bought a standard natural gas dryer (household driers tend to last longer than household washers, mine is about 18 years old now and hasn't needed any maintenance whatsoever). My father's friend ordered the laundromat washer/dryer set for me connected so a coin slot isn't required -- some apartment complexes ordered them that way back then for their laundry rooms so the request wasn't anything unusual.
@pirate-life
@pirate-life Жыл бұрын
what happened? I already watched this
@Cybernetic263
@Cybernetic263 19 сағат бұрын
This homeless man had a better credit than me
@anthonyr8320
@anthonyr8320 5 ай бұрын
I love his Mcduck shirt 😂 he even dresses rich…
@jarretbilbrey8567
@jarretbilbrey8567 Жыл бұрын
I love all your content thank you for doing what you do! I am now in negotiations for my first laundry mat all because of you and your content so thank you 🙏🏽! Previous owner did not keep very good books and the play is run down. Definitely opportunities to value add to bring in more revenue. Any specific advice for doing my first laundry mat deal would be much appreciated. Thank you again for being awesome and sharing your knowledge the world needs more of you !
@CodieSanchezCT
@CodieSanchezCT Жыл бұрын
Amazing amazing what are the specifics? Email me admin@contrarianthink.com I’m gonna hook u up with something
@SICsupraman
@SICsupraman 3 ай бұрын
@jarretbilbrey8567 how’s it going?
@drdankinstein
@drdankinstein Жыл бұрын
What do sellers look for when “seller financing”? Good credit? How do they know I’m a good buyer?
@kattys1515
@kattys1515 Жыл бұрын
I have learned a lot from these videos! I Love the interactive way she presents everything! But laundries in Miami are in the expensive range! But thanks Cody for what you are doing here!
@GCInvesting
@GCInvesting Жыл бұрын
Brandon is such an inspiration!
@ZE308AC
@ZE308AC Жыл бұрын
Imagine having a laundry business which a client has to use their debit or credit card Instead of dealing with physical money
@antoniobrasse7157
@antoniobrasse7157 Жыл бұрын
If someone brings the financing to me, I could pick us up a lot of laundromats in NYC here.
@jackblu475
@jackblu475 Жыл бұрын
@CodieSanchezCT You have covered the types of business to buy and seller-financed deals. How do you find these businesses? I don't even know where to start. And then how do you know that the numbers someone is giving you are legit and not just made up to make them look (highly) profitable?
@chengqn8121
@chengqn8121 Жыл бұрын
3.9k profit into your pocket? What about paying back the buyer each month?
@teeyoo7051
@teeyoo7051 Жыл бұрын
Don't always agree with your line of thinking Codie, but you're an epic storyteller. Great video! Thanks
@EspPeguero12
@EspPeguero12 Жыл бұрын
This is inspiring. We’ve been researching laundromats and this seems like a good option!! Thanks for your content
@NazriB
@NazriB Жыл бұрын
Lies again? Laundry Operator
@augustoliver2779
@augustoliver2779 Жыл бұрын
The thing with KZbinrs is that they sell hope and then a course or something...
@richardheighington
@richardheighington Жыл бұрын
Crap, I'm stuck with a bunch of gateway drug businesses. Better not let my wife watch this.
@LEGEND04131
@LEGEND04131 Жыл бұрын
Cody, your content is the best here in KZbin. Where do I find this kind of opportunities?.
@Molly-e1x
@Molly-e1x Жыл бұрын
And can you do this with 400k student loans?? Living in California?
@mikyajumbo
@mikyajumbo Жыл бұрын
Your videos always refer to laundromat...talk about something new way of earning money
@koolflows7581
@koolflows7581 Жыл бұрын
cool story however you have to be careful nowadays you get your life took
@dalerm66
@dalerm66 Жыл бұрын
What happens when we go cashless society, this type of business will be obsolete unless these machines add or adopt blockchain payment system.
@ipkiss1162
@ipkiss1162 Жыл бұрын
Failing to see how 4k a month gross for a laundry mat makes the man worth 10 million dollars … the math ain’t mathing
@nickrichardson438
@nickrichardson438 Жыл бұрын
Do a vid on how to run a laundromat remotely please
@fortcollinsflooring
@fortcollinsflooring Жыл бұрын
Are you interested in buying some or have finders fee? There is one in my area that is vacant .
@delinec.ffrench9238
@delinec.ffrench9238 Жыл бұрын
Majority of mentioned the building and fixed up what should fix up 1st days I give you that permission because if the billionaire mentioned how can you grow the business you have to keep up the business maintenance and have everything in hand and pay your records
@Dynamics556
@Dynamics556 Жыл бұрын
I can see your soul thoughts your eyes, and they looked sadness. Wishing you loved. Your an inspiration to many. You have a talent I wish I had. For now; I can say it was incredibly inspired by your accomplishments. May some day we meet, in another life or universe. But today I can only aspire to be like you some day
@savageskkinny3176
@savageskkinny3176 Жыл бұрын
If he was homeless how he come up with $15000
@nancysmith9487
@nancysmith9487 Жыл бұрын
Like the hand up... 10% of this idea which is pennies on a dollar.25%after year. Of just this. Going to and from customers. Saving them time$ and money to do other things. Provided a service. Pickup and delivery. Drop off/ pickup all those cars goin bye... Someone always there. Maybe goings green products, natural outsourcing dry cleaning... Williams ll James r IBEW local 94 international NJ. Proceeds there... Provided a huge service, creating a job in community. Give back to church plus tax incentives... Just a thought
@nancysmith9487
@nancysmith9487 Жыл бұрын
Let up be your laundry butler's
@FinancialFiguresandFacts
@FinancialFiguresandFacts Жыл бұрын
Legs wide open..smh
@111jacare
@111jacare Жыл бұрын
Have had a look at different businesses in my hometown, and have decided to go back to my old stomping ground. Costs me $100 for raw materials, and get a $4,000 return on $35 of raw materials. On the second $35, add another $100, and that returns another $400 and the last $30 returns me another $200. Potential is there for me to grow the business by 35% year on year, plus branch out into other fields. A business plan was shown to the government funded Enterprise Centre. The consultant gave me a list to work through - a business plan - which was filled out to the best of ability. Returned a week later, and placed the plan on his desk. His eyeballs went wide in several sections. After reading and digesting the document... "I have seen probably about 3,000 plus business plans in the 7 years being here. Suspect that you have understated your profit margins, but, this by far is the most profitable business that I have seen! You have put a lot of thought and work into the business plan, and all of your costings, from what can be determined / gathered, are well inside the ball park. You don't want a business partner, perchance?" My reason for going back to the old stomping ground is due to the fact that am not able to find a job. Have been looking for 10 months, sending applications, and no responses. As am not eligible for benefits, have to do something to get money coming in the door. Your suggestion about creating content to KZbin, you mentioned in a different video, will reap dividends in spades, as that gives potential customers the chance to see the product, what the product is, and how it will improve their life. So, there is potential for me to have 6 income streams from the one business idea. Part of this could even finish up being an export business, as there are many queries coming from Asian and African businesses for a machine that is being used in my business, which has been built internally. You are also correct about people retiring from business and not being able to sell to the younger generation. One of the original businesses in this field, he has, from what has been told, retired from the industry due to poor health. Another business has sprung up, trying to capitalize on the previous businesses reputation, and is not doing a good job of doing so. This is largely due to poor quality control, which customers are not happy with. We see where it goes. All it needs is one person to run, and it gives me something to do!
@jameslinmd
@jameslinmd 8 ай бұрын
Laundromat isn't as lucrative as Codie makes it out to be. There are plenty of resources and experts giving their opinion on youtube. Do your homework folks. I hate to see people holding the bag because of Codie's hyperreactivity towards any content she creates on her channel.
@p.youhana3563
@p.youhana3563 8 ай бұрын
Why did old owners want close the business if they were making fat $? Having business in USA great way to move $ around to void taxes kids
@todddomke58
@todddomke58 Жыл бұрын
Codie your me when I was younger. Love your energy and your brain. Where were you when I was younger? Great videos, really quick and engaging. I really enjoyed following along.
@cristiancaggia8337
@cristiancaggia8337 17 күн бұрын
I don't believe a single world. People who get money don't share the info. 130 Houses ?? lol and you need a laundromat?
@michaelwinter5292
@michaelwinter5292 Жыл бұрын
So what was the 2 seconds you deleted from the original footage lol
@jerelgaray8035
@jerelgaray8035 2 ай бұрын
Wait a second , what about rent expense or what 80k with land????😂 No f@$$ing way lmao
@mazorelli
@mazorelli Жыл бұрын
So wait 6-12 months until seller gets fed up then negotiate to 15k.
@yolandacanelamk8434
@yolandacanelamk8434 Жыл бұрын
I don’t get the numbers can you do a video explaining for the people in the back how we structure a deal and paying it off
@michaell6054
@michaell6054 Жыл бұрын
🤣🤣"...those are the gateway drug businesses to learn how to doing business." ♥️♥️♥️ it & it's true!
@markandmargie7331
@markandmargie7331 Жыл бұрын
I wanna dress like him. I was watching his videos before I found Codie’s vids. He helped to push me into this space.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Thrift store jackets + shirts from khols
@Molly-e1x
@Molly-e1x Жыл бұрын
Where do i find cheap laundromats near southern California
@agiancat
@agiancat Жыл бұрын
Hey Codie, big fan, do you know any good resources to get a glimpse at the books of various SMBs? I know its not public, but for example if you wanted to know avg financials of a smoke shop in NJ, would you just look at the books of ones currently for sale or is there another way to access this info?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Bizbuysell once in a great while makes the books public. You really need a company and start asking for books while offering nda's
@crankin77
@crankin77 Жыл бұрын
Quick one Codie: can you please talk to what's the typical suburb/area that's best for a laundromat. I live middle class and there's virtually none as there's no demand. Keen to hear your thoughts - muchas gracias.
@easybuildingplanscom
@easybuildingplanscom Жыл бұрын
Your thumbnail was irresistible.
@brizzx32
@brizzx32 Жыл бұрын
Yup, the amount of money it costs to maintain the machine has to be lower than your profit. Do you know how much parts and repair tech's cost? Crazy if you don't consider this
@kritesh88
@kritesh88 Жыл бұрын
Ouch. Try 10x the rent where I am.. kills most laundros round here. Yes, we can charge slightly more but the math still isn't favourable.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
I hear the same statement here too. We've got an active negotiation for a mat in LA right now, about $1.75/sf
@kritesh88
@kritesh88 Жыл бұрын
FYI - Auckland NZ
@isaiahshearin
@isaiahshearin Жыл бұрын
Instead of blowing 20k on trading I should have done this instead… i how short and simple and to the point this was. Now I’m gonna google search if credit is needed when doing seller financing. My messed mine up
@scottbryan3362
@scottbryan3362 Жыл бұрын
I can see dude saying. Let’s get the 1st shot in front of the 1 of 1 Tye Tyed portrait of Me I call it The Scarface of Detergent Powder
@jakejake3182
@jakejake3182 3 ай бұрын
They are over a million in Missouri. 85K, come on this is not a Seen from Shamless.
@Taylor757
@Taylor757 Жыл бұрын
Codie, how do I find laundromats for sale?
@arthoffman768
@arthoffman768 Жыл бұрын
How do you find opportunities like that.
@Rustybut1
@Rustybut1 2 ай бұрын
hey miss Sanchez can you do a video about buy a gym for buisnes ? My name is Tua btw
@medicaimpaciente
@medicaimpaciente Жыл бұрын
What kind of homeless has 15k for a downpayment?
@JohnSpeakstruth
@JohnSpeakstruth 6 ай бұрын
Business funding… if you have decent credit you can open a business account, register ur business and get funding !
@schulze420
@schulze420 9 ай бұрын
Ok Cody talk to Danny D'angelo and see if his approach is real or crap!
@Professional_Youtube_Commenter
@Professional_Youtube_Commenter 5 ай бұрын
next clickbait: from crack addict to silicon valeley tech trillionaire.
@bilbucks2659
@bilbucks2659 2 ай бұрын
She's talking youtube income in the name of laundromats
@rogerl8488
@rogerl8488 Жыл бұрын
Also what company has the best machines?
@mrtrader4628
@mrtrader4628 4 ай бұрын
Hey there are so many of them out there now so is it too late in 2024 in Texas.
@d.latello3580
@d.latello3580 5 ай бұрын
I tried this as a side hustle for more than a few months. How much do you estimate you pay each month for damages and theft? I thought so………not profitable or realistic.
@InvestmentJoy
@InvestmentJoy 4 ай бұрын
$100ish a month maybe. Not too bad with the $125k/yr coming in.
@louiem1101
@louiem1101 Жыл бұрын
Dont these have to be in a low income neighborhood(especially the coin operated) which is huge liability?
@mariestlouis4625
@mariestlouis4625 Жыл бұрын
This is my dream Bisnis bu I don’t know how to start
@mg3667
@mg3667 10 ай бұрын
Great video and very inspiring. My question is how did the seller finance work out in your deal? How did you pay the 70k back to the seller? Lastly what would a seller finance deal look like if the Laundromat was being sold for 150,000
@Darkeiser.7
@Darkeiser.7 8 ай бұрын
I want to buy one. There's one near me that's been going down hill. Makes me want to buy it. Also got to remember that poorer people use them so prices can't be too high. I've been the poor one. Family of 5 and $30 meant I had to wash and then hang dry at home.
@WeAreNotGoingBackEver
@WeAreNotGoingBackEver 2 ай бұрын
How does a homeless man come up with $15,000?
@TeddBall
@TeddBall Жыл бұрын
How to run a laundry mat remotely and have some one else run it pls
@Rliu0817
@Rliu0817 Жыл бұрын
How much did you buy it for? $85k. How much did you make? $15k down And how did you get started? I like making money. Lol 1 of 3 not bad 👍
@OgDj2024
@OgDj2024 6 ай бұрын
I’ve been researching this industry for a while now and trying to get my first laundromat. I just can’t seem to find the right starting point
@jorad4887
@jorad4887 Жыл бұрын
How did you get $15k when you're homeless? I see many homeless people that can't put 2 words together, I'm suspicious
@ToxicGamerDaddy
@ToxicGamerDaddy 16 күн бұрын
How are you homeless more than likely in debt and horrible credit and get a seller lease????I couldn’t get a bank loan for 300k with 50k in the bank having worked 3 jobs to save up, credit at 750, and no debt 🙄
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