The background music is not needed for this kind of video.. n the level is a lil to high
@FrugalNation Жыл бұрын
Awsome video. I started my channel under the same premise, to help others from falling where I did. But mine is for vending machines businesses. I'd love to get into laundromats but my passion is helping others get into business and becoming financially free.
@LaundromatResource Жыл бұрын
Love that! We should talk vending machines sometime!
@llllouis2666 Жыл бұрын
Thank you for this video! I have a meeting today with a seller and these points are much needed!! I can’t find them anywhere on YT! You got a new subscriber! Thanks and Keep it up!!
@LaundromatResource Жыл бұрын
Gifford luck today! That's exciting! If you remember, let us know how the meeting goes!
@Gordon.Collins Жыл бұрын
How did the seller meeting God 4 months ago? Have you purchased a Laundromat or Business since your comment? Let's GROW 💪🏾
@a.m.m.45924 ай бұрын
Does this determined price include all machines/equipment/vending/ etc?
@LaundromatResource3 ай бұрын
It does!
@janinafarr85696 ай бұрын
Your awesome. Can wait to learn more cause I’m definitely serious.
@mayp76723 ай бұрын
Hi, this is a great video! I am wondering if it there is profit if I buy a laundromat from a bank loan? I don’t have liquid capital/cash to start this dream
@alextobar832 Жыл бұрын
Good information really helps 👍
@EnTyceJackson Жыл бұрын
Thank you for the video bro👌🏾
@LaundromatResource Жыл бұрын
You bet!
@phillipmontoya9415 Жыл бұрын
How much money should u save to invest in laundromat equipment and plumbers to help u install the new equipment?
@LaundromatResource Жыл бұрын
It depends, if you are trying to purchase cash then between $150k-$600k+. But there are a lot of opportunities to leverage your equipment purchase
@GK4NP8 ай бұрын
Can you elaborate on leveraging?
@shanepatience96297 ай бұрын
Hi there, thanks for the infomative vids well worth subscribing 👍 My question is, is it worth starting a laundromat from scratch buying a property freehold and also buying all equipment ,selling house and risking entire life savings basically vs just buying a older business already running and paying the lease. Would like to see more videos on these types of scenarios. Thank you
@thomasfedel20636 ай бұрын
Great video, thanks for putting it together! How would you handle the lease expense portion of the multiple when it is a business+real estate purchase and not a lease?
@nasirjamal5796 Жыл бұрын
Very informative video
@KennethScott-bp6uj19 күн бұрын
Yes he is
@DaniilKalyuzhny Жыл бұрын
Hi there - A few beginner questions from me: 1) do most laundromats come with some sort of manager in place? 2) are there laundromat property management companies that will open and close your store for example and run it day to day?
@LaundromatResource Жыл бұрын
No, they don't typically come with management in place. It's a mom and pop business largely. There are some that have managers but most still don't. There are management companies, but not many. I know of one good one in So Cal if you happen to be here
@hwilfley6 ай бұрын
How do I partner with someone to buy a laundromat. I have one that is interested in selling.
@ben10bro224 ай бұрын
Where are you located id be down
@fanmkreyol26Ай бұрын
Where are you located. I’m looking to purchase a laundromat
@hwilfleyАй бұрын
@@fanmkreyol26 in fort Walton beach Florida
@StevenGraham-yq5hi3 ай бұрын
Great video
@Laundromattips3 ай бұрын
That really helpful
@LaundromatResource3 ай бұрын
Glad it helped!
@elizabethcervantes395711 ай бұрын
Hello, Jordan! I need a question please! There’s a small laundromat for sale in a neighborhood area. It is not on a busy business road, but people pass by because it’s in the neighborhood itself. It hasn’t been opened in a long time, the machines even have spider web on them😅. Parking spot is for about 5 cars. It’s 2213 sq ft altogether, 1036sq ft (laundromat size), NOI $55,000 according to the listing agent. Real estate owned. Big question… Would you say it’s worth buying? I know I have to do my own due diligence, but just with these small details. What are your thoughts? It is listed at $100,000. Thank you in advance for your response!😁
@nickmatthis1120 Жыл бұрын
Is SDE the same as NOI?
@LaundromatResource Жыл бұрын
Similar, but not the same. NOI is the same as EBITDA, so it’s before loan payments, taxes, etc. SDE is more what you’ll actually pocket when you own the business.