How to Start Laundromat Business ($1,000,000 Investment)

Have you ever wondered how to start a laundry business? Well we stopped into Speed Clean Coin Laundry to get a behind the scenes look into starting a coin laundromat business! This interview is packed full of great advice, inspiration and how to start a laundromat! $1 Million invested and now turning a profit! Check them out below!
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‪@6FigureRevenue‬

[@Professional_Youtube_Commenter]

a tip for the owner: You should buy big packets of detergent, and find a single use container that you can fill and put inside a vending machine. you can sell single load amounts of detergents rather than mini bottles. Higher margings.

[@Gortman1]

How is the branding going to work for that. I don't see many people buying a packet with ride written in it in pen.

[@Professional_Youtube_Commenter]

@Gortman1 have the branding on the vending machine. No need to have it on the bottle. Users are regulars they will know if it's the real deal.

[@splashemoutlaundromat]

We have 9 Laundromats, and a 20k sq ft closed facility here in Kentucky. We love the laundry business. We have built a few from scratch, and then we have taken several over. Our equipment is Speed Queen, Huebsch Alliance Laundry Systems.

[@bcledfoot]

It would be great if I could e-mail you and pick your brain on this. I'm just starting to look into getting into this industry.

[@johnking4705]

im a tech I hate working on wascomat , milnor , and dexter I have seen plenty last crazy long ! but when they fail its $$ , gimme a speed queen , unimac, heubsch, ipso. all day long

[@pepperpeterpiperpickled9805]

*"If someone says 'you cant do it', look at what they've done"* solid gold advice. I know someone who retired after a lifetime of minimum wage work who would shoot down any idea you had to improve your life.

[@popsco2000]

Fantastic ! Truthful, the honest truth about laundromats.

[@thedevilsadvocate3710]

Where most failures come is in giving up. If you have a vision, it takes 3-5 year to mature for a business. You need to have enough in the bank to weather it and you need the infrastructure to prepare for slow times.

[@6FigureRevenue]

Thanks for watching! What business are you starting?

[@Cowboy3651]

Thanks... Can you provide the name of the washing machines provider?

[@Ashtaroth1000]

@@Cowboy3651 Wash Mechanical.

[@Thedonsmoney25823]

​@@Cowboy3651wascomat

[@Cathy84]

A self service launderette

[@joshvendryes7945]

Qla has stepped into the laundromat industry. Welcome.

[@richardvillanueva8786]

Last guy was golden 😉

[@JonBooks]

Thank you for sharing!

[@devonarose7304]

Thank you

[@OgDj2024]

Very good information! Great Video! I’m looking to open a laundromat myself, and not sure how to get to a starting point

[@kersondesir5499]

Me to

[@av6471]

It’s no easy, low season (summers) are difficult, I have 2 laundromats, after several years I decided to leave my wife in charge and me keep working as an engineer in other company

[@habcast3978]

Would you start from scratch if you already owned the property?

[@Jose-tc8wi]

👏👏👏👏👏👏👏👏👏👏👏👏❤️❤️❤️❤️❤️

[@user-lt1zj9cn8q]

Do you have a website or contact person for the equipment?

[@jasminewashington9279]

How do you find the demographics for a laundromat?

[@PhillipHayes-vs8ge]

Lego building there where I can buy turn it into a laundromat and I know I need a hundred thousand dollars to get all the workers and dryers but I need $20,000 quick to buy

[@afridgetoofar1818]

Why not make it a cashless laundromat?

[@afridgetoofar1818]

This poor man has to go home and deal with his wife’s negativity every night.

[@laundromatlife4541]

This man is confused.

[@Brokerfordecades]

You listened to the wrong Dan! I'm so sorry you will never make this million back. This video with you in a completely empty laundromat is just sad.

[@Ashtaroth1000]

Sorry, but you are wrong. its already profitable. Most people fail because they don't believe they can succeed.

[@Brokerfordecades]

"Profitable" You paid off the million dollar build out cost and have earned 1 million plus dollars in that store? @@Ashtaroth1000

[@michellemellis]

Yes, I agree - he listened to the wrong Dan. Danny's a gem!

[@Ashtaroth1000]

“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.” So I ask, "What have you done?"

[@Ethan624-b6s]

I’ve owned laundromats. It’s not going to happen, and this is coming from an optimist