I Mortgaged EVERYTHING I Own To Buy This

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Investment Joy

Investment Joy

Күн бұрын

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@ChrisHendrickson82
@ChrisHendrickson82 3 ай бұрын
I'm glad that someone else from the area told the truth about that gas station. I grew up in that neighborhood and there just isn't enough traffic there to justify it, especially with cheaper gas just a couple of miles away over the border. It's difficult to navigate the entrances and the few times I stopped there it always felt like it was on the verge of being abandoned.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah , I'd of never thought about the issue of being so close to Beloit & WI
@1Savagevideos
@1Savagevideos 19 күн бұрын
Turn it into a sonic​@@InvestmentJoy
@bliss6142
@bliss6142 3 ай бұрын
I live here and that gas station has been bought and gone out of business like 10 times lmao
@710schmoke
@710schmoke 3 ай бұрын
Go be a roofer for his company! xD
@jameyjeffords5631
@jameyjeffords5631 3 ай бұрын
The wear and tear on your body isn’t worth the money you get paid to be a roofer
@treader3126
@treader3126 3 ай бұрын
@@jameyjeffords5631 You roof for 10-15-20 years, learn the trade, and then start a business and then sometime after that you hire people to do the work for you. This is how you make real money in trades
@ReiShirouOfficial
@ReiShirouOfficial 3 ай бұрын
@@jameyjeffords5631elaborate the wear and tear
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Reading the comments, you're not the only one who noticed
@MartinD9999
@MartinD9999 Ай бұрын
Any owner that shows you the backstage deal of a business and invites workers to be involved is a rare find. I wish your endeavors a whole lot of luck and success!
@InvestmentJoy
@InvestmentJoy Ай бұрын
Thanks so much for the comment, I appreciate the support.
@Techbros53
@Techbros53 3 ай бұрын
I like your leadership style. Please make sure you are really carefully analyzing business opportunity risks in order to make sure you don’t hurt your employees. They love you! I learnt something today. I loved how you let them vent while you just listened.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Aw thanks, I love our crew, We'll come in here I'm in town today recording And helping to set up the plan for next year
@econodeals
@econodeals 3 ай бұрын
Do not buy that station the plumbing is messed up plus it too close to Wisconsin. The gas tax in Wisconsin is a lot less.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
The amazing thing about putting this on KZbin is I've got a lot of great advice from local people
@pokemontrainer34
@pokemontrainer34 3 ай бұрын
damn , talk about coming in clutch.
@macflyguy5166
@macflyguy5166 3 ай бұрын
Dang this is crazy
@flakzero4870
@flakzero4870 3 ай бұрын
I'm always interested in what compels people to be landlords or business owners of people's previous business model. Not to draw a line between the two. Like, I enjoy how he goes to them and not calls them into his office. Watching management function is a new niche for me.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah I've hung around some really Stellar people over the past four or five years and I really appreciate your leadership models I'm just hoping that I can do a good job here.
@NBSG4u
@NBSG4u 3 ай бұрын
Love the consistent weekly videos, bro
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Appreciate that, it's a lot of work!
@reggiejenkins6458
@reggiejenkins6458 3 ай бұрын
The roofing business scares me for you. I’ve been a general contractor for over 20 years, this is a different beast from your other business. When things go good, they print money, when they go bad, it’s fast and hard. All labor based, tons of management and liability, lots of moving parts, competition, and in today’s world, finding/keeping good workers is incredibly difficult. Good luck with it my friend.
@ajtoofer
@ajtoofer 3 ай бұрын
People want stable income, thats why its hard to keep good workers
@reggiejenkins6458
@reggiejenkins6458 3 ай бұрын
@@ajtoofer every decent business has stable income, construction/home service businesses are no different, except that it’s even less of a problem in that industry because it’s almost always booming. There are not enough workers, and the workers know that. And the labor pool is very, very subpar in general. It’s been a massive problem for the last 30 or so years and it is only getting worse.
@danielhildebrand6553
@danielhildebrand6553 3 ай бұрын
That’s why he went with a union crew
@d.fenestrator9529
@d.fenestrator9529 3 ай бұрын
@@reggiejenkins6458 A lot of roofers seem to hire illegals, so that's likely a big part of the labor problem.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah pretty much this is one of the reasons I went with a union firm they have a much better labor Supply than most other people. And then I can use these videos to get people hooked in as a process with the union and give them an alternative to a college education. I absolutely hate the fact that I grew up in a world that I did not know that this was even a potential. I was told that only idiots do not attend college so for a while I just assumed I was an idiot. Meanwhile I meet people who got into the skilled trades Blow Away many of my friends with a college degree
@GED.Father
@GED.Father 3 ай бұрын
Hey brother! My name is Brennen and I own a roofing company out here in Glendale, Az. I Stumbled across this video and I wish you nothing but the best
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Hey, awesome! Same to you!
@elrobo3568
@elrobo3568 3 ай бұрын
I specialized in gas stations and the biggest mistake made by buyers is not doing due diligence on the UST's (underground storage tanks) if these are not tested and certified BEFORE you buy this property you can possibly have leaky tanks which an cost hundreds of thousands plus ,plus,plus to fix and remediate. There looks like multiple tanks there. There are many other considerations, if it's necessary for a truck (commercial) to make a left turn to enter the station that is a problem for them. Use an expert to check everything and do not make a emotional purchase.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
I think gas stations are like alot of businesses, atleast not-cheap businesses where a lack of DD on the front in absolutely slaughters you down the road due to missed things. We're certainly not being slaughtered at the roofing company, but we sure have had some major bumps in the road due to not-knowing.
@building1014
@building1014 3 ай бұрын
If you buy a gas station get the under ground storage check. Repairs could possibly be under $50,000 but if have to replace product lines or tanks you could easily be looking at .5 to 1 Million. Also if you register and not up to date or pumps that could add even more like $25,00 ruffly per dispenser, register system could be $15,000 ruffly
@carloshour8263
@carloshour8263 3 ай бұрын
Ladder safety is paramount. Trusting a bungie cord and friction is a bold straight. Good luck with that 😆
@TheRm65
@TheRm65 3 ай бұрын
You've assumed a lot of personal risk here and apparently are looking for more. I wish you the best, but I think you've got a bunch of sleepless nights ahead of you. LOL
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
It's not for the faint of heart!
@HIGHSOCIETYJAY
@HIGHSOCIETYJAY 2 ай бұрын
No it's not !​@@InvestmentJoy
@joshuahill5271
@joshuahill5271 3 ай бұрын
Perhaps you should expand into snow removal/snow services over the winter or something wintery for the crew like contracted HOA snow removal for blocks. Relatively inexpensive and always a need by customers, maybe tell clients currently your service etc.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah we have done snow removal in the past during the winter common that would be a great video
@jazziez6467
@jazziez6467 Ай бұрын
Not much snow in midwest for a few years now
@BaptistJoshua
@BaptistJoshua 29 күн бұрын
That is a fact. We get a few days of an inch or so, and once or twice a large dump of snow. I hardly ever have to do snow removal for the last 10 years. I live in Cherry Valley, right outside of Rockford. ​@@jazziez6467
@christansdad
@christansdad 3 ай бұрын
You're relying way too much on Mitchell for the commercial roofing business. I strongly suggest you get key-man life insurance and disability insurance on Mitchell and Matt immediately. I also recommend you should source a general manager for your commercial roofing business. You can't run that business and run the rest of your business enterprise.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Will be more videos to come explaining things better
@chrish42000
@chrish42000 3 ай бұрын
I just learned that exists... You can get life insurance on business partners LOL!
@bobcaygeon975
@bobcaygeon975 3 ай бұрын
@@christansdad Mitchell looks like he'd rip him off at some point. Just get that vibe.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
​@@chrish42000yeah, for me I had to get a huge policy
@christansdad
@christansdad 3 ай бұрын
​@@chrish42000 It's actually worse than that. You can get life insurance on all your employees. Look up Company Owned Life Insurance (COLI) or Business Owned Life Insurance (BOLI). Larger corporations used to get insurance on everybody down to the janitor. Now courts say they have to have a meaningful role such as a company officer. However, banks get around this by naming anybody from a loan officer to a branch manager or higher a company officer. Not only can these companies tap into the cash value of the life insurance policies for low interest loans, they can sell the policies via a life settlement or viatical settlement and get a large lump sum of cash. All the companies have to do at purchase is have an "insurable interest" in the worker. As such, they keep the policy in-force indefinitely because they don't have to have an "insurable interest" when the insured dies, only at policy issuance. Finally, if the company wants to cash out on the death benefit, they just have to run a SSN check once a year on all the policies to see if the insured has passed away. No wonder why a lot of corporate whistle blowers meet an early and untimely death, right? Here's more on Company Owned Life Insurance and Life Settlements: Company Owned Life Insurance New York Times - An Employee Dies, and the Company Collects the Insurance archive.nytimes.com/dealbook.nytimes.com/2014/06/22/an-employee-dies-and-the-company-collects-the-insurance/ Life Settlements New York Times - Wringing Cash from Life Insurance www.nytimes.com/2017/10/13/health/life-insurance-policy-settlements.html
@Manvaril
@Manvaril 3 ай бұрын
I have been to this gas station, the main road and side road access is bad, not to mention the place wasn't that busy when it was in business.
@kurtismckemmie4850
@kurtismckemmie4850 3 ай бұрын
Looks like it'll be a subscriber's gas station. "If you find your way here, you have a job opportunity."
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
That's kind of where I'm trying to go with things I Pony up the money and buy the business and then find someone who wants to own the business in the future and they come work for a set number of years, then get the biz.
@fortbliss2
@fortbliss2 3 ай бұрын
@@InvestmentJoy i live down the street from there as well. have always been intrested in looking at that gas station. always wondered how in the world it didnt make it.
@debireed6128
@debireed6128 3 ай бұрын
If you’re selling diesel at the pump, check out the new DEF dispenser pumps. And. Add a charging station. Make sure the charger is listed on all the websites associated with every brand of EV,,, People charging their car, buy goodies from your convenience store.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
@@debireed6128 agreed, I've been really surprised to see stations not install many Def pumps
@christansdad
@christansdad 3 ай бұрын
@@InvestmentJoy DEF pumps are big business and if you have DEF at the pump, a lot of trucks will bypass stores where they have to buy DEF in a container because it is a lot more convenient and cost effective to get DEF via a pump.
@thecarwashesandmorechannel2892
@thecarwashesandmorechannel2892 3 ай бұрын
Thanks for checking out the wash for me! Such a shame it went to the dumps. Great content nonetheless, and it was very nice to attend your meet up!
@Demi4th
@Demi4th 18 күн бұрын
I’m a Saudi and I’m watching from Saudi Arabia, I’ve never been to the US but I’m really enjoying your content, keep up the good work 👏
@InvestmentJoy
@InvestmentJoy 16 күн бұрын
Thanks!
@ian9113
@ian9113 8 күн бұрын
Always love your content Brandon! hope I can meet you someday
@gregoryfluellen4831
@gregoryfluellen4831 29 күн бұрын
Love how you rely on your team experience. Very smart.
@InvestmentJoy
@InvestmentJoy 16 күн бұрын
Thanks!
@GHCMargarita
@GHCMargarita 3 ай бұрын
Big fan of this new series
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Awesome, thanks for the kind words
@Scottko
@Scottko 3 ай бұрын
@@InvestmentJoysame here. I haven’t watched any of your vids in a long time but this series has got me hooked.
@1yearoldiam
@1yearoldiam 3 ай бұрын
Dont just go full investor mode because soemthing looks good on paper. Take a year or 2 and go alll in on roofing before you even thing about anything else.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
As the series progresses you'll see how I handle it. I either do it over a few videos, or have one giant multi-hour video, that I generally don't think people would watch.
@VenturiLife
@VenturiLife Ай бұрын
44 years of experience is wild.
@jjz814
@jjz814 3 ай бұрын
Did you say Illinois? Now I know why you had to mortgage your house. Company I work for pulled out of there and California, labor laws, taxes, and the brutal mismanagement of government bureaucracy are difficult hurdles.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
How many employees /revenue did the biz have?
@travismartinson1813
@travismartinson1813 Ай бұрын
The banks take on a lot of risk, but they get rid of it asap. When I bought my home 2 weeks later, I got a letter that my loan had been sold, so the bank got all the loan fees and then cut their risk. You should work on cutting risk as fast as possible and get your personal home out of the deal. Don't just think about how much you can make and leverage everything. Think about how much you could lose in a recession and how to protect yourself. You have to balance protecting what you have and accumulating more. If you only focus on one, you'll be sorry.
@Kingstoncroes
@Kingstoncroes 3 ай бұрын
First time watcher. Not in the roofing industry, but love the video!
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Awesome thanks so much
@righttobeararmsetc.8492
@righttobeararmsetc.8492 Ай бұрын
If you want to see how a car wash nowadays makes great money check the new one out in Hillsboro Ohio its a monthly payment wash system
@righttobeararmsetc.8492
@righttobeararmsetc.8492 Ай бұрын
It put all the others out of business around there
@KyKash101
@KyKash101 3 ай бұрын
Sounds like you need a sales dept. in the roofing business that can build a relationship with other businesses if you need to subcontract the other work but they can also continue to source new work for you guys
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
absolutely!
@GregLewisdually
@GregLewisdually 2 ай бұрын
Replacing roofs, building relationships to have future financing options, great concept. 🎉❤
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
It's definitely a risk, but it's the way to get the deals done!.
@bobcaygeon975
@bobcaygeon975 3 ай бұрын
The most successful roofing guys never seem to advertise. They have loyal crews that make good money, aside from a few drug/alcohol problems.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
How did you quantify that?
@WanderingCactus
@WanderingCactus 2 ай бұрын
A Mickey D's in a location like that closing is no surprise, interesting part is that there's a good chance it wasn't owned by the station, but rather a leased space, which gives you lots of options without needing to spend your money.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Yeah , not sure as to the lease situation.
@ricoconti3141
@ricoconti3141 2 ай бұрын
The Roofing business is a gold rush right now. My buddy started 1 in Texas 4 years ago he is now grossing over 50 million a year.
@TooSmooth
@TooSmooth 3 ай бұрын
I'm a big fan now! Definitely inspired me.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Awesome! Appreciate the kind words
@jackt6595
@jackt6595 3 ай бұрын
This is a great new series. I was the guy who commented before I unsubbed but now resub for this new thing. If you have time to spend looking at car washes and gas stations, you are not focusing enough time on your roofing business. It looks like you are being pulled along instead of directing things. You should be learning and trying to land deals yourself, not relying on your guy. Because what happens if he gets sick or quits or dies? Your business is sunk.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Something to consider in the background (Which we'll get to eventually) is the team of labor, management, operational controls I have here at the company. I'm hardly the guy running the show (Well, the roofing business, I'm the guy putting on the show).
@dull3y430
@dull3y430 3 ай бұрын
Would love to see more gas station content
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
I certainly want one but if you look at the comments this one has a really terrible history
@dull3y430
@dull3y430 3 ай бұрын
@@InvestmentJoy Idk if you’re interested but there’s some for sale in Iowa running businesses
@JoyceSin-w5k
@JoyceSin-w5k Ай бұрын
Looks good bro😂😂😂.
@michaelowen8988
@michaelowen8988 3 ай бұрын
All the best 👍
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Thanks!
@FireHawk92.
@FireHawk92. 3 ай бұрын
A series where you partner up with people to do car washes and laundromats would be neat.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Agreed, thus why I mentioned it here, would be nice to help some locals out
@righttobeararmsetc.8492
@righttobeararmsetc.8492 Ай бұрын
If you have to fix the gas tanks add an extra 250 k
@jontrapp8133
@jontrapp8133 3 ай бұрын
Dude I love your channel. Been watching a long time, but I feel like you’re going to lose your shirt on the roofing company. Commercial roofing. I’m in roofing. Unless you plan on being there every single day, that company is going to run YOU. Those guys are going to want to retire some day in the next 10 years. And it’s getting harder and harder to find guys that want to do roofing, competent, and you can trust. Your whole thing with business is to chase efficiency, and passive. You bought yourself a job. This is not something you can train someone to manage. If they wanted that stress, they would just have their own business.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
How many members in your crew did you have, foremen and project managers total?
@56TheAnimal
@56TheAnimal 3 ай бұрын
Franchise city says gas stations are some of the most difficult businesses to operate. Something like 60% of gas stations are owner operated.
@jetah50
@jetah50 3 ай бұрын
you have skilled labor. for the winter, try professional outdoor light decoration. there are pro lights that are much better than the ones you get at the local stores which could be something you get upfront or get over time. outside of light decorations, just outside holiday decoration in general could work. get some plywood, paint, foam and get creative on what would work. if someone can paint windows that could be added to the outdoor decoration. with the roofs, if you're doing residential, then have someone knock on the neighbors and/or put out fliers before the work is started and while it's going. I'm sure you know it's better to have a few roofs in an area than just one. and this might just work for commercial too. that taco bell owner. ask them if they know any other franchise owners that would need a new roof. look into getting solar roof installation certified (by solar companies) so that could be an option.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
It's a great idea. I've been wanting to expand into the holiday decor and lighting space.
@dearestdennis
@dearestdennis 2 ай бұрын
1:08 Definitely looks like a legend to me. He’s wearing the sunglasses already from the fax meme
@zuesbenz
@zuesbenz 2 ай бұрын
good content. people can learn a lot from you.
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Glad you liked it!
@bhilbert11
@bhilbert11 3 ай бұрын
Amazing video!
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Glad you liked
@positively_broad_st3780
@positively_broad_st3780 3 ай бұрын
Your best roofing employees are retirement age. I hope you've got a couple of apprentices in the pipeline already...
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah, quite a few, plus as we grow the union has more guys to send us
@josegarciajr96
@josegarciajr96 3 ай бұрын
Don’t put that retired man back to work. Respect the fact that we all get old and tired. Let him work the forklift operation more efficiently.
@vinnydee3431
@vinnydee3431 3 ай бұрын
Love your energy! looking to get into similar investments as you !
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Awesome to hear! Appreciate the comment!
@Ss1mega
@Ss1mega 11 күн бұрын
Theres a gas station in my town that hardly anyone ever went to since it wasnt a well known name. Even though it was right off the highway. Well they brought in a bunch of food trucks and now that place is packed.
@_ian69
@_ian69 2 ай бұрын
When you started the video on the Taco Bell, I for a split second thought you opened a TB gas station
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
That's still the goal
@freebird7284
@freebird7284 Ай бұрын
you're scaring me into keeping a 40 hr job!
@jonathanrighetti5897
@jonathanrighetti5897 2 ай бұрын
I used to build and service gas stations. wish yah all the best
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Thx
@jonathanrighetti5897
@jonathanrighetti5897 2 ай бұрын
@@InvestmentJoy you should look into joining something similar to what NJ has called PECA petroleum equipment contractors association or LSARPS
@cashofferorterms
@cashofferorterms 2 ай бұрын
The fax machine 😂
@douglasthompson9482
@douglasthompson9482 Ай бұрын
Good enthusiasm…
@2199031
@2199031 3 ай бұрын
That looks like our canopy at your gas station. We have records of everything, hit me up if you need service work or parts for it.
@geniferteal4178
@geniferteal4178 3 ай бұрын
One time my boss bought and resold a product for a bid. the only other person bidding was the manufacturer we bought from. we won the bid because the manufacturer charged their regular price and we gave a discount. You never know why you won that roofing, contract, you bid fifty percent less on.😊
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah that is absolutely something that happens and something that I'm trying to understand more with our firm. We are calling back jobs we lost to understand why the same as the ones we win. We really want to understand our place in the market
@geniferteal4178
@geniferteal4178 3 ай бұрын
@InvestmentJoy that particular time it was just a straight up resale. It was a particularly custom item that only one manufacturer made, which is kind of Y. No one else bit on it. the manufacturer thought no one else could bid on it which is kinda why they went for more profit. We didn't make it obvious why we were buying it, and no one there made the connection for the auction.
@Peterpickle2009
@Peterpickle2009 3 ай бұрын
Bid lower get more job drive out the competition
@robertross804
@robertross804 3 ай бұрын
watch out 4 hot tar its a killer in your new business good luck as always be careful
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah - Hot tar bothers THE HECK out of me
@CruiserMac
@CruiserMac Ай бұрын
Roofer by day, reefer by night ! 😂😂
@timmer1mon903
@timmer1mon903 Ай бұрын
also awesome Gravely
@moosesnWoop
@moosesnWoop Ай бұрын
What a legend. You need a top hat and a monocle and a nice black cane.
@InvestmentJoy
@InvestmentJoy 16 күн бұрын
Lol
@photosbychristensen
@photosbychristensen 2 ай бұрын
that gas station is a bad location for traffic .Beloit collage is getting a library remodel .Beloit Taco bell
@King-rw7ld
@King-rw7ld 3 ай бұрын
Good luck bro hope it works but that was a giant risk
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Thanks for the well wishes!
@Mr.Laundromatspodcast
@Mr.Laundromatspodcast 3 ай бұрын
I remember in 2014 I was looking at buying a gas station, I bought a great course how to buy a good gas station at a great price. By the demio group
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Oh Awesome, I'll take a look at it
@cyoungso
@cyoungso 21 күн бұрын
Ice vending machine there FTW
@InvestmentJoy
@InvestmentJoy 16 күн бұрын
Agreed
@tobiase92
@tobiase92 3 ай бұрын
I hope you checked the gas station tanks underground
@patrickr2686
@patrickr2686 3 ай бұрын
If laundromats are such a great business to be in, then why are there so many up for sale
@pokemontrainer34
@pokemontrainer34 3 ай бұрын
there could be a lot of reasons. Owners are getting old and want to cash out. Someone took over and ran it into the ground, common with owners that pass it on to their children and they just let it go to shit. Some find a good deal on something and want to cash out to move on to other ventures. Hell it could even be debt from a gambling habit or nose powder. Or it could just be the place is shit and no one wants to go there.
@GROGU123
@GROGU123 3 ай бұрын
Most apartments buildings have laundry in-unit now. All new ones that I’ve seen built. It’s a dying business.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
How many are up for sale? There's 431 laundromats on BizBuySell (Largest business marketplace). There's 21,500+ total laundromats in the US. Meaning a grand total of 2% of laundromats are available for purchase. 2% doesn't seem like alot to me, does it to you?
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Laundromats as a whole are growing 11%/yr nationwide when you look at all revenue streams. So...
@thewiseguy3529
@thewiseguy3529 3 ай бұрын
Car Wash is way better to business to be in.
@johnjaco5544
@johnjaco5544 27 күн бұрын
You got more balls then me buying this place.
@StartabusinesswithJustin
@StartabusinesswithJustin 3 ай бұрын
Top tier headline. Ever lol
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
:)
@john-alotofnumbers
@john-alotofnumbers 2 ай бұрын
Is that the gas station next to storage facility used in the movie primer? I totally think it is
@Lovestarszzz
@Lovestarszzz Ай бұрын
I live in Peshtigo, WI. If you'd like some workers or some way I can help out, just let me know. I would be living to move to Beloit to be a manager of some type for you.
@joshuagolembiewski5383
@joshuagolembiewski5383 3 ай бұрын
I feel like you’re a young Ben Mallah
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
@@joshuagolembiewski5383 when do I start the three pack a day habit
@raymond_sycamore
@raymond_sycamore 2 ай бұрын
"gotta hustle" the universal reviled phrase uttered by EVERY indebted business owner.... god
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Good thing I never used the word hustle here :D
@raymond_sycamore
@raymond_sycamore 2 ай бұрын
@@InvestmentJoy you did when you were talking to one of your employees
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
@@raymond_sycamore Hmm , I checked the transcript and didn't see where I had said it, guess the translation/transcription messed up.
@Alien-Earth1
@Alien-Earth1 3 ай бұрын
roofin is hard
@borecchio424
@borecchio424 3 ай бұрын
This is gonna be a reality show
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Kind of feels like one
@PRR-z4q
@PRR-z4q 3 ай бұрын
Snow removal , dumpster and porta john rentals ?
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yes, yes, yes
@ramboxlegacy14
@ramboxlegacy14 3 ай бұрын
As someone who as worked for c-store contractors, multiple oil companies, and own my own c-store service company… do not buy a shut down store with no experience. The c-store business will chew up and spit out even the strongest of people. If you want some industry insight, reply and I would be happy to help.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Thanks so far I've had some really great people reach out to me about oil and gas as well as running convenience stores
@AsoftDolphinn
@AsoftDolphinn Ай бұрын
north west illinois? where you at buddy? greetings from oswego/peru
@InvestmentJoy
@InvestmentJoy 16 күн бұрын
South Beloit in the video
@silvernoob1603
@silvernoob1603 3 ай бұрын
this dude getting wider with every video
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Just wait!
@JeffKubel
@JeffKubel 3 ай бұрын
I feel like buying a gas station in 2024 is like buying a farrier business in 1908.
@travismartinson1813
@travismartinson1813 Ай бұрын
Just switch some of the pumps out for ev chargers. The money is in the merchandise in the store, not the fuel.
@theyseemeloling
@theyseemeloling 3 ай бұрын
Not the MrBeast opening drone shot lol
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Wasn't my choice, but it worked well
@xtoefield
@xtoefield 3 ай бұрын
This is awesome! love to see the progression!
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Thanks!
@econ0003
@econ0003 3 ай бұрын
Seems like you are highly leveraged with all of these businesses. Will you be able to survive if we hit a significant recession?
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
I talked about it in episode #1 and #2 a good bit with regards to more affordable roofing options. I'm quite unsure how many companies will accept letting their entire location fill with water/mold.
@5710fpilot
@5710fpilot 2 ай бұрын
I bet you don't want to spend a day at probation! 😂😂😂
@debireed6128
@debireed6128 3 ай бұрын
Need a drone with a laser tape measure so you can survey and measure roofs from the ground.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah I'm looking for one that can scan roofs so that we have an easier time doing the estimation with proper measurements. It's a lot of Labor to get on the roof and measure every single roof penetration that's there
@ajtoofer
@ajtoofer 3 ай бұрын
Are those taco bell menus current? you showed a nacho cheese Doritos locos taco for $0.90, in Michigan its 2.99.. and why i never goto taco bell. if it was $0.90 i would get 10 of them
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah that was the live screen from when we were there in Beloit
@geniferteal4178
@geniferteal4178 3 ай бұрын
That title sounds like a monopoly game move.😊
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Pretty much
@jodyblack7951
@jodyblack7951 3 ай бұрын
I grew up around that machesney park illinois car wash
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
@@jodyblack7951 awesome
@moosesnWoop
@moosesnWoop Ай бұрын
I'm glad bro shaved his head. The stress levels are going to go through the roof.
@andreb.8266
@andreb.8266 3 ай бұрын
If you where in Canada purchasing an old gas station is a big big BIG no no, you have to remove the old tank, check for the pollution level put more money than you can to put it at acceptable level, have autorisation to put new tank and oh my god, not a purchase to make. On the other side, the EV charging station WITH accomodation is the way to go IF you can have the gov to put sign on the highway to advertise it.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
It's similar in the US, however you can buy insurance against it, and its to the point where they cover a ton of issues.
@Zero_Has_Returned
@Zero_Has_Returned 2 ай бұрын
@Investment Joy do you have your part 107 drone license?
@austin62halo
@austin62halo Ай бұрын
Any suggestions for starting up a business? Currently Sitting on a War chest of about 5000
@mecheckraise
@mecheckraise 3 ай бұрын
You don't really seem to know exactly what you are doing in ALL these endeavors. It is hit or miss being being successful shooting from the hip so much. I hope you well but I could see one of these gambles turning into a real disaster. You are assuming that others have you best interest. It is often NOT the case. As the boss you should be an expert in the field ideally.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Have you followed codie Sanchez' model before? If so what are your thoughts
@omgtan
@omgtan 3 ай бұрын
add a food place in the gas station
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
Yeah, the margins on food are amazing
@omgtan
@omgtan 3 ай бұрын
@InvestmentJoy Tennessee hit chicken is very popular here in Michigan. I wanna say chicken is fairly cheap protein too. Or even pizza but I feel like chicken place would be better.
@cejafamily9651
@cejafamily9651 3 ай бұрын
You should start a book and some merch
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
I've had a few talk about merch, would love some hi-viz workwear, just need to find a company that'd make stuff that lasts, it isn't easy.
@METALMAN4Wii
@METALMAN4Wii 3 ай бұрын
Well he gives his employees more of a Christmas bonus my my franchise owner who owns 51 Jimmy John's and 50 other properties and is worth at least 100 million dollars.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
The $25 gift card is a joke, a friend of mine spent mid-5 figures on their employee party. I'd like to be better than him within 2 years.
@METALMAN4Wii
@METALMAN4Wii 3 ай бұрын
@@InvestmentJoy Hey it's more than what us Wagies get, we don't even get time and a half for holidays or breaks or lunches. I'm lucky to get 5 minutes to eat a sandwich I actually applied to my local Walmart for 3 jobs online two stocking grocery and general the other is deli.
@charlesyates6687
@charlesyates6687 3 ай бұрын
Wana keep your roofers happy pay them fair keep them shocked in ice and gator aid and when the supervisor shows up on the job sight bring them lunch . If you own a rioting company owning a ice machine is a good investment .
@KayFabe87
@KayFabe87 3 ай бұрын
What is a “rioting” company? I immediately thought of blm and the fact that the leadership siphoned off all of the donations to buy themselves mansions.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
All good ideas, we're doing well profit-wise so I want to make sure that the crew gets rewarded with the success of the company as we continue to grow.
@thedogman4437
@thedogman4437 2 ай бұрын
I have a roofing company for 39 years. It for sale. 1.5 million a year
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
Send me info when you have time - Brandon at InvestmentJoy dot Com OR send me a DM on IG/X , will need financials and your sales track record.
@kurtismckemmie4850
@kurtismckemmie4850 3 ай бұрын
I put all my properties on mortgage INCLUDING MY OWN HOUSE! My divorce is pending.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
@@kurtismckemmie4850 for better or worse I'm making decisions here that most business owners have to make. Most self-made wealthy business people don't get an inheritance they take on big risk and major choices
@n085fs
@n085fs 3 ай бұрын
*adjusts a piece of paper* "Gotta get the fax straight."
@InvestmentJoy
@InvestmentJoy 2 ай бұрын
I should do that next time
@themillerdigest3973
@themillerdigest3973 3 ай бұрын
Welcome to my market where I have residential rentals in Rockford and Rockton. I've been watching your youtube videos with interest for some time. I will reach out to you at Anderson Roofing and I can give you a tour of the market and we can do lunch at Taco Bell.
@InvestmentJoy
@InvestmentJoy 3 ай бұрын
You know if it's Taco Bell lunch I'm going to be there
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