Owning a LAUNDROMAT For a year! (And how much it made this month)

I have laundromats down to a science. If you want to do laundromats as well click the link:
investmentjoyt...

[@jamalpeoples3736]

I use to own a laundromat in Chicago. Made good money. One of the best things I did was hire a person to do laundry. Charged 1.00 a pound. For wash and fold service. It was a god send. 1. People didn't vandalize b/c someone was there while it was open. 2. The wash and fold service more than paid their salaries. People who actually had their own washers and dryers came in all the time just b/c it saved them so much time.

[@jamalpeoples3736]

@Byvägen yeah we toyed with the idea of adding something more. It is all going to depend on the area you are in. Some areas that simply won't be a good a idea. I have seen places in SF with a bar on the otherside. Going ong to depend on the location, space, and most importantly the type of clientele. The biggest thing that put us off was the liability. For insurance purposes you have to very specific what they are renting. You want to rent just the space they using. That way you dont have patrons using folding tables as places for the coffee and etc.. So as soon as they walk away with that coffee or taco everything else becomes your liability. Drop the coffee on a running kid. It's in your business then. Slip and fall after buying the coffee, it's in your business. Leave on a or have a faulty piece of machinery burns your olace with there's. Insurance won't cover it b/c you didn't let them know. If you did you are going to get hit with the premium increase. If you have the space to put up a wall that makes since. At that point just add a separate entrance. Every person I talked to advised against it unless I could wall them off in someway.

[@WindWipper]

@@jamalpeoples3736 I've always thought it would be a good idea for some laundromats to add a play area for mothers so their little kids could be occupied while they do laundry. A laundromat attached to a grocery store or gym would also be a good idea, then people could shop/exercise while their clothes were washing.

[@jamalpeoples3736]

@@WindWipper a play area is a horrible idea. Liability is the the name of the game. No added cash value, yet tons of opportunity for injury.. In and out is the way of a laundromat. Anything that keeps them there longer is bad. Are they going to stop shopping or exercising to change their load? Are they going to get out of a line at the deli counter to put clothing in the dryer? Are they going to jump out of a zoom class to check and see if their dryer has stopped. Are they going to skip the shower? You need something were they can step away quicker check in a couple of seconds and get back to what they are doing. Bars and coffee places work if they are separated and you can just walk thru a door. Gyms and grocery stores would crush your laundromat especially during peak times. A ton of laundry just sitting in machines not making money. Location, cleanliness, safety, and working machines is whats needed in a laundromat. Almost everyone has tablets and phones for media consumption. You would be better served adding comfortable seating more charging outlets and teaming with a company that will give free movie codes with ads as long as they are on your wifi. Would cost very little, add almost nothing to overhead or liability.

[@WindWipper]

@@jamalpeoples3736 Ah, makes sense. I was just thinking that some parents bring their little kids anyway, so why not give them a small place w/ a table to color coloring books, play w/ small toys, that sorta thing. Might make them more likely to return business. Providing wifi would be a good idea. On the other stuff... i guess you're right, not everyone is as conscientious as me about time. ; )

[@cookingsimply8621]

Did you partner with any businesses in the area? I know for drop off service, this could lead to a lot of profits if there are other local businesses like restaurants or hotels that dropped off to the laundromat

[@kennplayz661]

I was not expecting him to say “My best repair man DIED”

[@ChrisSmith-ot2gx]

KennPlayz ha my mechanic for my car died

[@ev6304]

I taught his brother was his repair guy

[@dumpydoctor7670]

Chris Smith hilarious! super sad Tragedy = funny ha ha

[@Laffy1345]

@@ev6304 thought so to.

[@Casper4299]

Yea its 2020 but why not use a different word instead of "Died" or is "Dead". There's no respect or empathy at all

[@999thenewman]

Remember when you were a kid and smashed other people's property with a hammer, and your parents defended you? Me neither. I had good parents. And a life.

[@compactcow]

Generally seems like people with worse parents end up extremely successful or extremely unsuccessful, wonder what the factors for that are. Certainly seems like that should be different though. It's an interesting problem to solve because you can't just take kids from their parents and letting the parents do as they wish disadvantages some kids.

[@ZynxyHD]

Lol right

[@InvestmentJoy]

@@compactcow there's some people that grow up in a bad situation and it motivates them to do better while other people to think that that's just a lot they have been dealt in life and stay that way. I wish there was a solid way to determine how to make more of the one type

[@seedlessgrapes2605]

Lucky you

[@InvestmentJoy]

@@kjjunior7918 easy for me to to, not so quite for others.

[@sky60148]

Laundry mats are a service to their communities. We should appreciate having these to use and respect the equipment, on site staff and the management.

[@seanguy9720]

Those CCTV screens need a "Smile: You're on Camera" sticker, lol.

[@peterg.8245]

Guilty people always look for cameras

[@mrfulgi]

I would look into a security company that can monitor the cameras there remotely. Yes, it would be an added expense, but if you keep getting breaking into, and your equipment gets damage, you can't be at that site 24/7. Especially where he said he is having newer equipment installed, you want to keep those machines up and running. Plus, and another HUGE factor, if people don't feel safe in your business, they will stop coming. Bad neighborhood or not, something needs to be done here. Just a thought. Great video though, I love him emptying the machines and collecting all the change, I wished I could do that. :)

[@InvestmentJoy]

You missed the video where they stole the you're on camera sign.

[@seanguy9720]

@@InvestmentJoy Oh...

[@lambomatt2]

Investment Joy lol

[@damnjustassignmeone]

A booby trap knife. At a laundromat. Wow, now I’ve heard it all.

[@NickFaulkner]

It doesn't surprise me

[@Laffy1345]

It had a boobie on it...

[@wkjeom]

Looks like a lot of work for about $800 a month. But a profit is a profit is a profit.

[@Ndasuunye]

@@wkjeom to be fair, he's in ohio. Places like NYC would have a greater profit due to higher cost of living. ANd THAT's what it's all about. Cost of living.

[@vicgogan3337]

Thank God that you have a means of Living ; While giving a good service to others. Will 🙏 pray for you and hope the criminal element stays away from you. THANK YOU FOR SUPPORTING YOUR COMMUNITY WITH AN ESSENTIAL SERVICE...HANG IN THERE...TRUST GOD... PROVERBS 📜 3 VS 5 THRU 7...

[@SweetLou0523]

Its been a fun adventure watching the Laundromat series. Definitely one of the weirdest yet most enjoyable of all of youtubes random recommendations!

[@InvestmentJoy]

There's a complement in there, right?

[@ritalin5210]

It has not been, it will be.

[@SweetLou0523]

@@InvestmentJoy Absolutely! I mean, I dont think anybody deliberately searched for laundromat videos, yet here we are every upload just waiting to hear what wacky things happened this time! Also, seeing the nuts and bolts of the business side has been hugely educational. Most property investors and managers on youtube tend to shy away from such detailed breakdowns of monthly revenue which is sad because its an invaluable tool for aspiring small business owners. Keep up the good work, and hopefully the next video or two we will get to see the new laundry equipment!

[@peterg.8245]

Reminds me of my PTSD inducing days as a vending machine owner. Glad I sold in January pre-pandemic.

[@WhiteWolfBlackStar]

@@InvestmentJoy I always thought about buying. a laundry mat, so I just subbed to you and I'll have a great time watching this series :)

[@rockystanaitis2908]

Working for an Apartment maintenance company in the greater MSP area as a Tech, I came across a unique laundry at a very "rough" apartment complex.Only one machine took money, then dispensed a card that worked in all the machines, (candy,Pop, soap, etc). The complex manager explained to me that vandalism and theft were zero now in the laundromat. The only cash on premises is in the "safe like" Card dispenser. Plus once they purchase the card you have captured that money. It's not quarters, it's yours. FYI

[@STScott-qo4pw]

familiar with them. A convenience store next door to my old building was in an area of high-rises and older apt blocks. You went in there and "loaded" your laundry card with bills/coin, or cards - debit and cc. Very convenient, very secure. No vanadalism of any of the machines on this paycard system at all. Losers. Losers. Losers. Thieves, vandals, making life difficult for everybody else.

[@timfirst3536]

This is what my apartment complex does in Rancho Santa Margarita, CA and it's so much better than coins.

[@donkeysaurusrex7881]

Like old token machines, and since you canKt use that anywhere else folks are always coming back to use up that last bit then add more on to finish and the cycle repeats.

[@pnwRC.]

I've always heard that a laundromat is a lucrative business, PROVIDIDED that the proprietor owns the real estate that the facility is operated from.

[@lamonthamilton667]

You have been one of the few who said something worthwhile. Thanks

[@BreuckelensFinest]

Any business that is brick and mortar, is much more lucrative if you own the property for so many reasons. The main one being taxes.

[@David-lr2vi]

@@BreuckelensFinest No. The main advantage is not having a property squatter demanding a bigger and bigger cut of your profits!

[@evanhuizenga8626]

@@David-lr2vi That's why you wanna draw up a contract for rent

[@kirakira9906]

@@David-lr2vi That doesn't even make sense. Why would you open a business without a contracted rent lol

[@kresky110]

The fact that you don’t feel safe in your own laundromat, even in the back. Hopefully that changes.

[@neotheone47]

Jacob Kresky if you knew what city this is in to say you don’t feel safe anywhere in it is ridiculous lmao. A grandmother could walk downtown at night and be completely safe

[@trustnobody7618]

@@neotheone47 which city ? Lol

[@neotheone47]

@@trustnobody7618 clitville

[@dogestranding5047]

Needs a gun or something

[@DiaperSNiFFER]

@@neotheone47 what city 🌆? Compton?

[@BrandonsFLUR]

WTF it's been a year? I can't believe it. I haven't done anything in that year. Better get my ass moving soon. Great job Brandon, I love watching your videos and congratz on the 1 year mark!

[@vietboytony16]

Lol he motivated me to start my own business, next month it’ll be a year for me

[@jonathanrice6338]

I would highly recommend the wearing gloves and getting a concealed carry license

[@SirRickyMcD]

Why the gloves?

[@DatNygma]

@@SirRickyMcD lol

[@larrymoonlight2786]

@@SirRickyMcD germs

[@JoseDiaz-pl5kk]

I think he mentioned that he carries when he gave Meet Kevin a tour

[@vdmur7952]

yep!

[@SunshineTwilight]

I love the laundromat where I live, it is always manned by a human being, it is very clean and the owner really keeps out the riff raff. He even doesnt have change machines, you get your quarters from him so people dont come in and get quarters for the meters.

[@shericoley6871]

I used to own a laundry mat and my daughter was 5ish and she used to say my mom doesn't have money all she has is quarters.

[@Jesse_Burdette]

Am I the only person who wants to know the story of Post Malone breaking his coin machine?

[@hannahhunt4444]

Me too

[@hannahhunt4444]

I just checked, it was a dude that looked like post malone so he got the nickname

[@carooo5555]

no

[@rileyhoyt4627]

He's being sarcastic

[@traewagner4655]

Yes

[@totenkray]

I did laundry there in 1993. It hasn't changed, except the pop machine in front.

[@drose2089]

Steve La Dedha 🧢

[@cd-rom.]

Well. No wonder everything there is breaking now.

[@Cute_corekaii]

This laundromat is located in my hometown Chillicothe, Ohio. It’s hard to believe I stumbled upon this in my recommended videos, but I’m glad I did!

[@whiskeybravo91]

There's a small town in Texas also called Chillicothe that I used to drive through when heading west to college, I had no idea that there were more Chillicothe's out there

[@kaydenbowling3505]

I live in Chillicothe Ohio as well and stumbled upon this life’s crazy 🤣

[@canthitshet1414]

I thought this looked familiar

[@Zero_Cheese1]

"Hitting things makes things better" ~Sun Tzu, The Art of War

[@avaklatt4349]

very good book

[@avaklatt4349]

or technoblade refrence

[@AF-ib8ec]

I think it was originally in the ten commandments

[@tomholmes5242]

Asian parents be like

[@Zero_Cheese1]

@@tomholmes5242 Just like the saying 打是爱 Which means they beat you because they love you

[@virginiawomack8743]

I like your silliness that's why I keep coming back

[@InvestmentJoy]

Glad you do

[@julio1982]

Thanks for being brutally honest with what you’re going through running this business.

[@chornge1]

The sound of all the quarters hitting the bucket is strangely satisfying. Great stuff, keep it up!

[@bryceleinan]

I was at a laundromat in Oregon recently that had all Electrolux machines... worked great. They also had debit / credit card readers on them on top of cash... best laundromat we’ve used in years (we normally only use them on vacation and for our sleeping bags.)

[@michaelc.ateoate979]

my friend owned a laundromat he switched it from an automat to a manned laundromat he hired one full-time person and himself he was able to make more money because there was no damage ever done to his business after that. he also changed the 24-hour operating hours to 15 a day and he actually made more money if you give people a deadline they might do their laundry in a timely fashion anyone coming to do laundry after 10:00 p.m. is probably shady to begin with you don't want those people in the automat after hours plus you're not there to handle problems with the machines which sometimes spins people out of control if you have someone there to handle it it saves a lot of aggravation in the long run. however it might just be his area I know that the changes he made help them net profit a lot more per month.

[@edgy179]

Hey question for you or your buddy I want to hire someone but how do I do so? As in paper work and taxes for them or does that not matter unless it’s a company? Can I just pay them cash or direct deposit? Thank you if you respond

[@rockystanaitis2908]

If you want customers to "love you" install an "extractor". It is like a super spin cycle stand alone machine that reduces dryer time. The wise will use it and of course it's not free. Bonus for you is lower maintenance cost of dryers as lighter loads go in the dryers.

[@InvestmentJoy]

We have a few now.

[@joecolletti3180]

What exactly is an extractor?

[@MrJtrees]

Man, i run a laundromat. You're doing so many things that i hope you're talking extra precautions for. For instance, have at least one other person with you, especially for the outside machine. Ideally, it's best to lock the doors when you're opening anything that takes bills, especially the changer. At the very least, have someone watch your back while doing it. Also, invest in a changer that stacks the bills instead of opening a box full of what looks like shipping insulation. They aren't that expensive

[@RangerRickTV]

I’m new here and I love doing laundry. It smells good and I find it calming.

[@fahadalenezi7722]

I am afraid this guy might have the key of my heart.

[@InvestmentJoy]

Lol

[@udotolearn7792]

I'm still rooting for you. You are living the dream and making it work even with the ups and downs. Sorry about the tree in the house. Would you believe that has happened to us twice in two separate houses. 2006 and 2017.

[@InvestmentJoy]

I'd believe it.

[@leagueleaders]

This video series killed my desire to buy a laundry mat.

[@Natalia-hf3et]

😁😁😁

[@tribulation138]

same here. only 800-1000 dollars a month isn't much at all. guess I'll stick to my day job that brings that amount home every week.

[@Yaahboi52]

@@tribulation138 that's 800-1000 passive income though. you're trading more of your time for money, he isn't. the most he'll do is check up frequently.

[@Agent77X]

Got to get up either early in the morning or after the Laundromat is close to do the stocking, cleaning and collection work. Plus, vandalism is a negative to your cash collections. I think it a tough business especially in rundown neighborhoods.

[@Yaahboi52]

@@Agent77X too each their own

[@NGMonocrom]

If I had the money, knew a good existing location, and the owner was willing to sell; I'd absolutely start a turn-key business like a coin laundrymat.

[@doujin01]

I must say this has to be the strangest youtube video series I have witness so far...and you know what? You're alright Brandon.

[@InvestmentJoy]

Yay

[@chadman1231]

If you want more strange recommendations, check out GeoWizard. He walked across Wales in a straight line last year.

[@cameronpaschal2484]

can imagine how expensive that would be

[@Dakid015]

I don't find it strange at all. He's just showing us a business he runs?

[@doujin01]

@@Dakid015 And as I said, I'm alright with it.

[@abennett2783]

Posting pics, or public shaming, has always worked. Good plan!

[@martiansurgery]

800 bucks a month - how many hours did you spend for that.. including repairs and money collection, etc ? thats the part everyone wants to know

[@TheDjlivingproof]

Bro he made way more than that. It’s a cash business. You think he reports all that on his taxes? Yeah right. He made this video for the IRS.

[@birdgangrydaman]

These rappers need to watch this video

[@JeffreyOsb]

That's after he paid all costs outside the laundry mat also. IE: His mortgage, regular bills, etc. Considering he only needs to come in once a week to collect and it pays for his life as well as itself (most of the time), if he has another full time shop/job then he's making good cash. Also, considering his mortgage, it's cheap where he lives so yeah. He's doing just fine.

[@Yaahboi52]

all that matters is that your money is working for you.

[@veryinterested4518]

@@Yaahboi52 same thing ur moms tell me

[@kd5ydu]

Always love a good laundromat collection video Brandon. You have inspired me in so many ways. I tell my family that not a day goes by that I don't think about doing something like this (or real estate investing).

[@lovelipstik]

Enjoyed this video (and the previous one) about owning your laundromat. I get a little freaked out when you go collect the earnings their a l o n e--- without someone (or more people) to accompany you, who could serve as Security. Even being accompanied very discreetly without necessary showing up as a "group" together, or with anyone, but having your people very very near the facility to keep an eye out on you from the outstide. I'm sure the area is still pretty safe, but please don't underestimate allllll aspects of security that could be really helpful, including the installation of e x t r a high def cameras externally too (even at the side or rear of the building), along with a real deal, heavy duty security door for your office inside. I absolutely don't want to freak you out, but you can NEVER be "too safe" or hardcore about extending your security measures nowadays because people are crazy. Your channel is great and thanks so much for sharing all of your business experience and knowledge with us. Take care!

[@twostepz4982]

My dryer died several months back and I am thankful to support my local laundromat places so I won’t have to deal with maintenance crap.

[@troublelessone7999]

there's something strangely gratifying from seeing someone collect quarters like this.

[@healingIRT]

Lol I tried leaving this video a couple times

[@pinkpugginz]

Asmr

[@atrain132]

George Washington came by your house. On a side note: Wow! Lmao!! At 15:24 you said "ok google", my phone stopped the video, and Google was waiting for me to ask it a question. 😂🤣

[@sean8051]

I used your link for M1 and am now an investor. Thank you!

[@jodyl1987]

Just found your channel. I work for a laundry company and we repair commercial laundry equipment for hotel, hospitals, laundromats etc... Best idea to get rid of the top loads. Dexter is a good brand however just keep in mind tech support can sometimes be of issue. Any alliance brand is good Speed Queen, Huebsch, Unimac. We are Wascomat dealers they are good as well. Tech support is okay. If you ever need anything with an issue you cant figure out feel free to reach out. Cool to see you doing this and me having a little knowledge of it. Keep up the good work

[@CashflowComa]

Love that quarter counter, I bet it saves a lot of time counting... I find the more machines I'm getting the much much longer I'm sitting around counting quarters...

[@drundbro12]

weigh em

[@timfirst3536]

@@drundbro12 Yep, that's what I did as a manager with BBB; weight the bills and change of six registers in 15 minutes.

[@t-squared6406]

Laundromats have had a special place in my heart,one owner I knew had a mat cleaning business for local companies,he made money cleaning their rugs,towels!

[@j.johnson6548]

Yes that is legitimate business.. which blew my mind that a company would come on weekly basis to clean& swap out company door mats when work for the hospital

[@rob-toolsandtech2521]

It’s kind of satisfying to watch that machine count the quarters.

[@stevenhancock2822]

I have no idea how you ended up in my suggestions, but I've only watched two videos and now I'm a subscriber. Love your honestly, work ethic, and fun videos.

[@gmike4d]

4:25 "we normally don't see back there because I keep people in there I mean...." lol hahaha did nobody else catch that.

[@joelkoffi2806]

We did 😂😂

[@no-damn-alias]

pretty sure I heard a silver quarter in the counting machine. Once you heard it you'll always recognize

[@SeirenPlayz]

I'm so glad I got recommend your channel when you started to do the laundromat videos thanks for making the great videos.

[@InvestmentJoy]

Yay

[@jayden3930]

legend has it, brandon keeps post malone in the mystery closet.

[@InvestmentJoy]

DO NOT GO AROUND TELLING PEOPLE THAT

[@nicksimon2126]

4:25 “we normally keep people in there”😂😂

[@jungeeb6969]

🤣🤣🤣😂😂😂

[@kevinkevin624]

Amazingly smart to show exactly the amount of cash you pick up during a collection....I'm sure that's an excellent way to prevent getting robbed. Well thought out! 👍👍

[@InvestmentJoy]

Thanks! So far so good, nearing year #2

[@kevinkevin624]

@@InvestmentJoy hey, didn't mean to come across rude....I'm genuinely concerned about safety, you're a funny guy and creative. Just concerned...that's all!

[@davidfoulk3078]

I know a guy that his father owned a couple of them and he told me that his dad had 5 gallon buckets filled with quarters hidden in his garage,yeah,he was making some money...lol

[@jgstargazer]

It's true, the money is there. I helped my dad run his laundromat. I would use to a 5 gallon bucket and almost fill it with quarters from all the washers and dryers, I would quickly do it when nobody was there. When my dad would have the time he would count all those quarters in one or two buckets full.

[@jgstargazer]

@Chet Muggins: Many times I only had time to only get to two rows of washers or dryers before people would come in. It would take about two or three weeks to fill a 5 gallon bucket of quarters which we would count and put in cloth sacks to take to the bank.

[@timfirst3536]

@Barack Obama 1964 quarter. omfg yes!

[@YelaDuck]

Wow people try to vandalize over saving 20 cents. 🤔 Respect to your hard work sir

[@nathanbranham7384]

When you hit something to fix it it is called percussive maintenance

[@caturdaynite7217]

In IT we it call it the 'Technical tap'.

[@steve1536]

The most out of pocket comment I seen

[@h1inc816]

So Im a tech guy. Im guessing your in a low income area. In DC, the rich white parts of the city are going cashless. Can you workout a system where customers come in, pay at a counter, you load funds into their a card, hand it to them, and they use the card to complete transactions at either the washing or drying machines of their choice? You could also program the card to have an expiration date, so if they deposit $10, they would have 24 hours to use up the funds or else it expires which eliminates theft since they would use up funds each visit and then either return the card or they keep it and you have data as to who your customers are and their spending habits. All the equipment would be locked down/away with minimum ways they can actually be touched, think of it like an iphone display at like a T-Mobile or Best Buy store. Yea it would cost more in terms of equipment but once your up and running, you would save a fortune on maintence in the long run.

[@christopherlinfors2607]

Man I’m really sorry to hear about all the stuff going on, hope everyone was safe with the tree falling on your house. Best of luck through all this craziness!

[@coenvanderlinden7375]

Small business owbership is always underrated and envied by many. Good luck with your business! Security cams are always a good idea.

[@coinoplaundryman810]

I service coin laundry,I am surprised that your top loader does not have metal sleeve for the coinboxes..those are a type of vault system to deter breaking in

[@chriswilliams4541]

"One of these days I’m gunna have to go in their with a coat hanger and fix it" are we still talking about coin machines? 😳

[@jdubz33]

Hey running a laundromat doesn’t sound like a bad idea, “people steal a lot of stuff and cause damage.” Ok that’s not that bad “we’re basically breaking even” ok I’m out.

[@acolyteoffire4077]

his car wash's are making good money though it seems.

[@livinwithlt]

Great video! This has been awesome for me looking into purchasing one of these after I retire from the military. Glad you and the business are ok.

[@timfirst3536]

Hope it works out for you!

[@bandit8106]

Maybe it’s just me but looks like it lost money. The “Rent” category is what I’m obviously not picking up on. Do you pay rent or you collect rent? “Rent” is wrote in red as to be a deduction/cost, but the $1100 is in blk as to be a profit/income.

[@fidelmorales4866]

I thought the same thing

[@LikeSilver1]

He must be getting rent, he wouldn't pay rent and a mortgage on the business.

[@joesmith3501]

@@LikeSilver1 - Yeah. Renting out a space next door maybe?

[@LikeSilver1]

@@joesmith3501 my thoughts exactly, if you look at the thumbnail it looks like there might be an something attached to the business.

[@LayingintheSun]

Yeah something add up

[@odin8214]

I agree with your thinking of placing the better maintained machines in your trailer park laundry. other then that cant wait to see how you decide to improv the laundromat.

[@luechter]

2:20 : Hitting thigs will make it better Alcoholic dads when they see their wife:

[@ExorcistOfNevermore]

Valuable life lessons, from one generation to the next 👍🏽

[@zewk9395mgk]

I'm thinking of buying a laundromat as my first investment. This channel has motivated me to doing so

[@GIboy1990]

Who'da thought, a business that services the poor has vandalism issues.

[@williamschneider9309]

I just did laundry there the other day! I thought it looked familiar from the thumbnail. I will say this though. The 3 times I've been there, it hadn't been a peaceful experience

[@mikehunt5624]

"The closest of mystery. That's where I keep people-- I mean supplies." *Coughs nervously*

[@leelei978]

"Hitting thing's will make it better" Tgat seems like the solution to a lot of things at the time

[@HaywurdHeel]

Your "OK Google" triggered the assistant on my phone lmao.

[@soldierofmankind]

Yes, finally a new video from you. I hope you, your family, and businesses is doing well. Stay safe mate and more videos!

[@InvestmentJoy]

Thanks, you too!

[@travisminneapolis]

Glad your family is safe from the tree.

[@InvestmentJoy]

Me too

[@davidbennnett3734]

I had a Friend The Moved From Chicago To Central Florida And Purchase A Laundromat Next Door To Where I managed A Propane Gas Company. We Sold Electric & Gas Appliances To Include Selling/ CoOp! My Service Men Would Repair His Commercial Appliances Gas Dryers, Electric Washers & Usually Gas Boilers As We Did For Prior Own! I Read Where Someone Mention Wash Dry Fold Was A Money Maker But In Addition He Made A Deal With Seller He Purchased The Laundromat From Who Also Owned A Commercial Laundry & Dry Clean Business! My Friend Had The Rotating Rack & Sliding Door For Pull Thru Drop Off & Pick-Ups and The Commercial Cleaners Picked Up Dirty & Returned Dry Cleaned Clothing! This , Along With Wash Dry folds Helped Pay For Employee Their All Day!

[@apb38]

That one machine had cash all over the place and it looked like you were picking up trash. I'd like to pickup trash like that. Nice vid.

[@Brandon-ik6ty]

The key to making money is to have a special room with 4k videos where people can pay by the minute while they do laundry. Stock up on Kleenex boxes

[@drewbutler8432]

2:19 I tried that with my wife and now she's gone. Your advice worked!

[@flame8388]

Hol up

[@Ab-cj6gl]

🤣🤣

[@robwithrbk]

I'm a commercial real estate broker in San Diego. A local laundromat owner installed card swipers and his sales went up 30%. Also, his location is adjacent to one of the most expensive communities in the country and he still deals with tweakers and all kinds of madness.

[@randomdude3646]

Do you think it's worth it in CA?

[@robwithrbk]

@@randomdude3646 I don't know much about income producing businesses like this. I mostly sell apartment buildings and assets like that. But the business model of a laundromat has intrigued me. When buying or starting any business, I would look strongly at your lease. If the landlord will not give you multiple extensions with built in increases of 1-3% per year, I would stay away. Imagine after two years of finally getting your business where you want it, yet, your lease is garbage, your landlord bumps your rent 20% because "you're successful now, you can pay more" is not a strong position to be in. Hope that helps a little.

[@randomdude3646]

@@robwithrbk ok thx

[@callmeosho7792]

“Hitting things will make it better” ~ my mom

[@homes24]

EVERERYYYYYyyyYYYYyyyyyy now and then i'll see his videos recommended by youtube and watch them, nice to see hes still doing well.

[@Torpedomtb]

to decrease the currency in the facility I would convert the machines to run on tokens. That would narrow your defense down to 1 machine that would dispense tokens for dollars. Then you just recycle the tokens from laundry machines to change dispenser.

[@KcTc344]

The problem would be having to order in more and more tokens. Limited number means limit sales. Some people may keep the tokens. Also its never good to keep your eggs all in one basket

[@ohioalarms8364]

Kaelan Corpus if someone keeps the tokens you make more money? I’m sure a token doesn’t cost 25 cents

[@KcTc344]

@@ohioalarms8364 gotta keep replacing tokens. Not worth the extra effort. Plus when u run out u cant make anymore money until you restock the machine

[@zacharysolano6375]

@@KcTc344 I know this is 5 months old but agreed, going cheap 95-98 percent of the time is never worth it, sure tokens may be cheap as heck to buy but when you run out for any sort of reason ya can’t make anymore money money til you get more Their was this one laundry mat I used to go to where they had cards you upload money onto threw a machine and you used the cards for the washer and dryer, that seems like more of an efficient way to cut down on money in the building

[@KcTc344]

@@zacharysolano6375 cards do sound alot cheaper to replace than tokens👍and it doesnt have a refill limit like the tokens

[@mrmanitoba]

The mortgage part if you think of it isn't even part of the equation, just the interest on it. You are putting equity into the business by making a mortgage payment.

[@CHAOS_6E]

Hiring someone to work there at all hours cleaning and or selling detergents will increase profit by a lot and reduce vandalism

[@jets1230]

I've been driving from Georgia once a week to use your laundromat and will continue too. Hope to see you one day. Thanks

[@GamingwithDan-vl4ik]

I love the sound of the coins when they hit the bucket

[@BigDaddyJinx]

Has a very Vegas-esque appeal to it, yep.

[@frankchao6561]

Sticky stuff is a string attached to a coin to pull back and forth to score free drinks. Kids do that with arcades.

[@Kp08og]

I just watched a dude collect coins from a laundry mat...who wants what I’m smoking? 😅

[@christopapadatis6114]

I can tell you right now the laundromat inside needs to be painted cleaned up a nice neutral color outside the grass needs to be cleaned up in between the cracks spray weed spray down clean up the windows and it'll look nice inviting but you got a nice little setup

[@walterjunovich6180]

So, ........ the question is : If you had the chance to own a laundry mat again , would you do it ??

[@0U81TO]

I have been managing and cleaning a Laundromat and Carwash (open 24/7) for 16 years in a "small town" I have encountered some crazy things and could write a book 10" thick. The local police and I are on first name bases. Dealing with the public is murder sometime. Not complaining though, people will be people, just the way it is, but I'm 70 yrs young and my tolerance not what it use to be 🙃 Gave the owner my 6 month notice...Me & my cargo camper trailer going to hit the woods...

[@ritalin5210]

Been watching this since start you growin man

[@InvestmentJoy]

Thanks!

[@spiderunknown7438]

Same

[@patrickmcegan7189]

I have been to

[@bigdaddy19821111]

Thanks for posting. Im in the process of purchasing a laundromat.

[@awesomesauce668]

Your videos inspire me to try invest into things like this when I leave collage

[@bgcm1995]

Collage..

[@dennis.teevee]

collage...

[@Ben-kc9ye]

Collage....

[@jawary8474]

I would get an acrylic locked hanging for ‘wall of shame’ it’s worth the money for them to not rip the photo off

[@tammybettiga6263]

I would not take their pics down... Hell no....!!!

[@kevieking7497]

Oath, let the bastards suffer the guilt of everyone knowing what they did

[@pinkpugginz]

Little shits. Public humiliation works every time

[@riley8280]

why

[@hoptimusprime88]

Brandon, I know you were waiting to buy new machines because you want to get the most value out of the old ones you already own, but have you considered that you would probably save money in utilities by having higher efficiency units? You also have to consider how much you are spending in repairs every month too. Another thing, you should consider upgrading the lighting to LEDs from those fluorescent bulbs. They aren't that big of an expense and would save a lot on your power bill while providing a more updated modern look. Hope you are doing well, I love your videos!

[@LouieBee]

At the laundromat that I use they switched to a card system. wouldn't that be a better system for you?

[@robertswift6101]

not when you are skimming off the top its not

[@Jar0Jess]

It’s crazy how long I’ve been following you. Love your vids and love you and who you feature.

[@Jar0Jess]

Omg you liked my comment I’m crying

[@johnforbush8376]

Bro get rid of the coins. Convert them to cards and have a machine that gives credits on plastic cards. So they can't break the mechanism with coins

[@rubberman302]

Well i have something new to subscribe to now. and a series to binge. Down the rabbit hole I goooooooooooooo!!!!

[@cdogvlog5557]

It's sad that the cherry tree fell on your house. I just planted one the other day - has not produced any cherries yet.

[@chowrites6179]

I found your channel through an iFunny feature and I gotta say this is the kind of content I've been looking for for a while now! I don't know if you have any other streams of revenue but what I think would be a good idea is buying a cheap house to flip and sell, invest that money into a couple more houses and buying a laundromat to generate more money while I work on flipping houses and renting properties during the day.

[@InvestmentJoy]

Thankfully I have 139 rentals :)

[@chowrites6179]

@@InvestmentJoy I actually just got done watching your video of the horrible tenants you guys kicked out(the video was posted Jan 6th). If you got a video of it somewhere I'd love to know how you got started cuz this, in all of its "glory"(lol) sounds like the kind of life I'm looking to create for my family and I.