How to Start a Laundromat Business with No Money

[@TinaMyles]

I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. whilst working with an advisor like Julianne Iwersen Niemann. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well. Trust me starting and maintaining a profitable business starts with properly managing your finance.

[@KentBrono]

Laundromats are easy to operate...I know this lady you mentioned. I bought a laundromat from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business.

[@Wlad-v2w]

I owned 3 laundromats in SF. The biggest 3 issues? The Lease, the lease and the lease. Got screwed by two owners that didn't renew the lease. If you own the building, different story. Probably, it will not be bad to work with your advisor

[@AngellLevey]

thanks for talking about your situation. Definitely helps a young and desperate poor guy like me to stay encouraged in striving to achieve my first ever owned business ... 240 gr. < - electric, water, mechanical, supplies, janitorial, city taxes, county taxes, insurance, business license heat, cooling costs & misc.. = ? . these taxes really want to make me work with a CFA. so that i can know how to joggle my way through. how do i reach her

[@AngellLevey]

I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get

[@MablePauls]

The thing is people often doubt the prospects of financial advisors like Julianne Iwersen Niemann in business/markets today.

[@splashemoutlaundromat]

I have never paid for a laundromat! I have 10 laundromats now.

[@doolaHQ]

Wow, that's amazing 🙌

[@chargerdiego1185]

How? Theres a laundromat for sell in my city and i really want to buy it. Its going for 140,000 but idk how to even get a business loan

[@blueglue79]

Liar

[@raheemtheinvestor]

@@blueglue79😂

[@ron1352]

I believe you!!

[@shawnprince7259]

I have wanted to start a laudromat business for so long. Now that my children are grown I can finally do what I want. Thank you for the information

[@doolaHQ]

That's good to hear. You're welcome. 🥰

[@shneidinemichel7426]

Great tips. Thank you. Getting my laundromat soon.

[@doolaHQ]

Good luck!

[@splashemoutlaundromat]

congratulations

[@arunsalwan8558]

Thank you 🙏🏼

[@doolaHQ]

You're welcome 💛

[@paramerika]

Great info. Thank you 😎👍

[@doolaHQ]

You're welcome.

[@sincerelyhyshhgzhdbfbrbfbfbbf]

So how do you Start with no money? That’s the part I was waiting for

[@doolaHQ]

To start a laundromat business with no money: 1. Find a Partner: Partner with someone who has capital while you manage operations. 2. Owner Financing: Negotiate with sellers to pay in installments. 3. Lease Equipment: Lease washers and dryers instead of buying them. 4. Grants/Loans: Apply for small business grants or loans. 5. Start Small: Begin with a pickup and delivery service to grow your customer base. It’s all about being resourceful and creative. 😉

[@ladybugblack]

Thank you

[@doolaHQ]

You're welcome.

[@troytanyasnead919]

Thank you!

[@doolaHQ]

Happy to help 💛

[@HenryKevin-ex1ln]

Nice 👍

[@doolaHQ]

Thanks

[@CliftonColeman-w9y]

Hello everyone, I’m watching this video for the first time. My wish is to start a laundromat I seen a few that is now out of business and I’m going to Look into to see what it takes to them up and running again. The business already have 30 washers and 30 dryers and amenities in there but the building needs some cosmetic work. I seen a couple of old Family Dollar buildings that I would like to turn into a laundromat my concern which would be easier to do reconstruct the old laundromat or create a new one out of the Family Dollar building. And can I get a federal grant to get all that I need with a business proposal grant. Also, if anyone know any business proposal writers, I would love for them to get a hold of me so I can start moving forward. Also, the building them looking at are in a low income area, but not ran down area. So if anyone can help point me the right direction on what I need to do I welcome your help.

[@doolaHQ]

Renovating the old laundromat might be cheaper since it already has equipment, but if the machines or building need too much work, converting the Family Dollar building could be better long-term. Federal grants are competitive, so check out SBA loans or local grants for low-income areas. For help with a business proposal, try freelance platforms like Upwork or reach out to a Small Business Development Center (SBDC). Good luck with your laundromat.