My Laundromat Has Made $132,568.22

[@TheRm65]

It never hurts to be nice to people and listen to them. Many years ago I gave a guy a free cup of coffee and it saved my life.

[@iceman6518]

Why had nobody asked how this is a story I would like to know HOW? Please tell it's part of your life and important. And I believe not to just you Edit is : has ,as in why has not had touch screens happen.

[@jbreezy101]

For my work I had to watch videos on good customer service "techniques" and you doing the coke thing and free quarters really goes a long way. It's a small loss but if you can retain clientele this way, you'll make even more!

[@mr.channel6467]

Ok so the person that you gave coffee too was going to kill you? ELABORATE

[@flp376]

I feel like my soul would love to hear this story. ❤ please share.

[@realrealonerealrealone2182]

A little dramatic, don't you think lol😂

[@EdwardBrown]

These videos are surprisingly wholesome. The way you speak to customers & speak in general contributes to a warm atmosphere! (I am seriously considering opening a Laundromat all the way here in UK!)

[@InvestmentJoy]

Thanks! I try!

[@mnm2072]

❤❤❤

[@ericduggan1520]

How often do you collect the money?

[@amadeus1823]

Yes, and stay there, in the UK. we Don't need people that mislead others, with this type of business, liars .I advise anyone watching this video that don't let this guy fool you. I have been a laundromat owner for 26 years and it is not what he says.

[@michaelferriss4594]

If you can help that guy out, that is the greatest joy of being an investor. Helping people out is where you make the $, just problem solving. Made me happy to see this. People often hate on Investors and Business people, without looking at the problems they solve and the way they help people.

[@williamdegnan4718]

Consider contracting with a vending guy for %. Have him install a combination merch/beverege machine including convenience store items? It seems that your laundromats in a food desert. I'm thinking that if you had Hot pockets, burritos, milk, juices and other things Not only would your vending revenue go up but it might be a traffic builder for the laundry. I would be tempted to do it myself if I were the laundry operator but in order to have fresh items in the vending machine it really takes a vending route to spread that stuff around and not have inventory go bad. Besides who needs more work to do?

[@InvestmentJoy]

I'd be doing this if I I didn't have a YT channel, it's one of those things where i'm trying to DIY it on my very limited time schedule.

[@rob-toolsandtech2521]

Great video, Brandon. I think the reason I like your videos so much is because I can see myself doing a lot of the same types of things. I’m your 2nd place Black Friday winner. I’m excited to talk to your team.

[@matthewmcdonald9107]

My only thought on this. Many times KZbinrs start making money on their channel promoting their industry or business, and the KZbin channel becomes its own side hustle, sometimes bigger than their main hustle. Ive seen the same thing with reseller channels (eBay sellers). It becomes a question of authenticity, is this guy making more money to supplement his main hustle, to cover for the slow periods? Some of these channels definitely pivot and make more money on their KZbin talking about their hustle than what their business is actually pulling in by itself.

[@OldMajor]

LMAO... the Bank ran out of Quarters! Must be Wells Fargo!

[@johngrefe2232]

for getting your counts quickly, you need a counting scale. put the bucket on and zero. put in 20-50 mixed era quarters and punch in the quantity value. now you can rapid fire count. we counted multiple stores inventory and drawers like this every other night.

[@gabrielpeterside328]

Very inspiring. Thanks Sir

[@georgegonzalez2476]

Sorry if I missed it, but it would be much more helpful to see not only the income but also what you pay in mortgage, interest, taxes, insurance, maintenance, depreciation, and utilities for the same time period. Just hearing $132,000 isn't very helpful.

[@spokanetomcat1]

2000 Sac dollars are called Cheerios Dollars and in mint condition as much as $5000. Other than that they are in the hundreds of dollars range. They were put in boxes of cereal to promote the new dollar. If the eagle has defined tail feathers, you have one. Only 5500 were minted. Only a few hundred have been found.

[@StonerJames]

I lived in Minnesota back in the 80s-90s. Moved back home to Norway now. I haven't been back since but when I left in 96, it was only $0.45 for a can of pop from a vending machine. I was shocked that they now cost $1.50. Knowing how terrible the minimum wage is, (less than $20 an hour) I'm surprised that people can even afford to pay that for a can.

[@normieslayer1169]

In the Philadelphia area the cheapest can of soda from a machine I can find is 75¢ ($1.00 average), looks like the Pepsi machine is filled with bottles. $1.50 for a bottle isn't that bad considering that the average in my area is $2.00.

[@lakecityransom]

Might as well show up to the bank with your super hero cape and deliver untold buckets of quarters on them LOL!

[@xavierclayton9990]

First video I've seen from this channel. Subscribed and now to binge watch. 😎

[@haldunatas]

09:10 video car washing Adana/ Turkiye. I've noticed that from license place and Fiat Doblo vehicle

[@iconiclegendoftheworld]

i started watching you 3 yrs ago and I remember wen you didn't have too many followers but you were growing- came back after a long time and so happy to see your channel at 1.6 million!!! Well deserved !

[@patscott6804]

Being nice to people is good business

[@Chinsanity23]

Love the coin counter setup. That’s clean af

[@Rexfreelen4212]

Awesome video Brandon

[@Josiah-ms4um]

Keep it up and you'll get to $1,000,000 probably soon!

[@danielchouinard2046]

Have you ever considered cards to upload $$ instead of quarters? So prefer cards then so many quarters

[@SundayFoggyNotions]

It took decades, but our place FINALLY got upgrade to card laundry machines, and a card scanner, to put money on the cards digitally. The matching app that shows which machines are in use WITH the timing left on them LIVE, are a god send to say the least!

[@InvestmentJoy]

I have, the cost right now would be like $12k to do the laundromat with cards which is high. Trying to work a deal with a company to let me test their equipment on the channel.

[@SundayFoggyNotions]

@@InvestmentJoy OH!! I forgot to mention! Our cards START at a bare minimum of $10 per customer when loading them. So the bulk of the investment would be instantly returned with every card loaded. So, you would need 1200 customers to get your $12K back or half 600 if they do $20. Even if you stretch that out to year or so, the matching software app convince makes it a quick sell. Every card has a unique code that you use to login online, to check your balance remaining.

[@jbreezy101]

Definitely seems from the 4-5 replies that this would be a worthy investment even if you get quarters from a debit card. Especially if you can get a discount for the initial installation and equipment

[@Bo_Hica]

So around$5-$6k/month (roughly) what's the overhead?

[@Rusty_Gold85]

why do you get cheques for wages? Why dont they pay straight into bank account ?

[@nocram1975]

If I was the kid upstairs dad I would buy loads bits from the vending machine with nickels and get him to resell them to his friends even if he sold at a loss it wouldn't matter as he gets the nickels back anyway effectively getting free stock to sell for pure profit. Start him young on the way to business life

[@MattMorris481]

I really hope you carry concealed if not you need to.

[@matthewmcdonald9107]

Who says you gotta cash out the quarters during business hours?

[@rexhenkle3377]

Brandon if I'm not mistaken SS,, SSI, and SSDI recipients get paid on a Wednesday during the month. Depending on I think your name or SS number is what dictates which Wednesday. I know for sure SSDI works that way.

[@yagirlyonna133]

They get paid on the first of the month doesn’t matter what day it is, it’s always the 1st of the month

[@InvestmentJoy]

@@yagirlyonna133

[@CS-qc7np]

I work as an intern at our local department. For our state recurring SSDI benefits are on four days throughout the month. The 3rd of the month and on the second, third and fourth Wednesdays of the month. The caseload was too much so, I became an educator instead while building my portfolio.

[@Unconventional_Investor]

Do filter out silver quarters?

[@time2fly2124]

silver quarters are worth around $2, even in poor condition. they were only produced through1964.

[@Unconventional_Investor]

@@time2fly2124 yeah but as much quarters as he goes through I bet it's crossed his mind haha

[@InvestmentJoy]

@@time2fly2124 About $4 currently

[@seanw4759]

How much do you charge per play on your arcade?

[@InvestmentJoy]

50c

[@Chorizo1]

Thanks for the video 👍🏻

[@scorpioncam4219]

Do you check your coins and bills for missprints and rare things?

[@jbreezy101]

At first glance he seems to pick up on those a bit... Hard to find every one of them but seems like he picks out things he notices

[@scorpioncam4219]

@@jbreezy101 yea but like some quarters can be worth 100-1000$

[@tylersuter5061]

These are so satisfying to watch

[@jeffreyvonstetten5852]

1637.00 per week then correct?

[@Paw95]

I would love to do this down here in Scioto county!

[@rolandosoto4403]

I would like to do this in conecticut new haven area

[@ParthPatel-lc7eq]

How do you deal with jammed changer? How do customers reach you and how do you know they aren't lying.

[@jdtayloruk]

Just out of interest would credit card readers boost your income?

[@user-gz2bw6fx9i]

Is the coin pusher money per week or month?

[@gr84x4]

How often do you find silver in the quarters???

[@davidbrothers3788]

Have you gone in there and the place was full? That would be a lot of quarters to give away

[@alifputra9985]

you know that there are scales that can count by weight right?

[@trojanette8345]

An old video, I know. However, I'm just curious if you made a follow-up video to your interaction w/ the bank? Just wondering.

[@jimmyssnowremoval1075]

I’d be interesting to do a video of a coin collection in a large downtown city of a laundromat.

[@MrEndzo]

Makes me think Of John D Rockefeller giving quarter.

[@30Secondzzz]

Do you inspect all your quarters to try to find rare ones?

[@louiee4837]

I don’t think he waste all his time on it cause he gets 1000s of quarters every month

[@30Secondzzz]

@@louiee4837 I mean if you know what you’re looking for wouldn’t take long, it’s a double whammy

[@KingofLaundry]

You might be surprised, you can "hear" the silver like it was a dinner bell.

[@InvestmentJoy]

As danny said, you can 'Hear" the silver when it drops in a bucket. I can't imagine I get 100% of them, but I found a dozen silver quarters in 2022.

[@famousamoso7]

@@louiee4837 Technically all the quarters are recirculated. Well most of them. You change your cash to coins then use the coins in the machines, then he empties the machines back into the bill changer.

[@Antonioca]

Can I ask questions how much a laundromat cost water and electricity

[@InvestmentJoy]

Mine is around $700/mo for both

[@Antonioca]

@@InvestmentJoy what kind of loan do I need to open a laundromat

[@InvestmentJoy]

@@Antonioca There's multiple ways to do it, factory finance, SBA 7a, seller finance, or alternative take over like a lease takeover.

[@bgskr9633]

I have $94k cash+multiple bank savings accounts. Is it possible to purchase a laundromat or will i need a business loan

[@star-gs9kh]

How to buy a laundromat or car wash?

[@bart1meuz]

Question, wouldn't it be a lot more efficient to put credit card readers on all the machines, then replace the quarter machines with other revenue streams? I'd do a poll first for your clients to see if they would be ok with that change.

[@moonchildva]

I go to a laundromat like that. It is on a card system, almost like a library card where you put money on it to scan the washers and dryers. You can also have an app that tells you how much money your card has and you get notifications when the washers are done. But if you have quarters there's also a slot for it. And that's the kind of laundromat I want to run.

[@sircampbell1249]

You do know you can weigh coins to count them ?

[@53SUDS]

Are coin pushers legal in Ohio? I was trying to read up on some of the rules for games and couldn’t determine if they were.

[@rudrapatel300]

Do you know where i could get a decent coin dispensor.

[@biniyamkashun6090]

Ethiopia, Tigray

[@gta5code0rps56]

High 60s low 70s LOL 😂

[@gta5code0rps56]

@InvestmentJoy_ omg you replied I love your videos sooooo much. Bro

[@Elisa9395-y4z]

​@@gta5code0rps56no he didn't

[@siyondesai7159]

What's the total for a month on an average

[@JustPlainRex]

You should consider opening up a arcade

[@LuckyScratchersSlots]

Do you find silver coins? How rare are silver in circulation?

[@InvestmentJoy]

Maybe looked over 50,000 quarters this year, found 6 or 7

[@LuckyScratchersSlots]

@@InvestmentJoy nice. Do you keep the silver?

[@InvestmentJoy]

@@LuckyScratchersSlots yep

[@douglasfoley2060]

You made 132k but can’t fix that cracked window on the door???…….lolz 😂🤣😭

[@jeanlujan6129]

Man I wish I had somebody to help me invest in one of these but unfortunately I live in what else and nobody around here wants to help anybody

[@InvestAndGrow2020]

Stop thinking like that

[@lilalph]

Stop wishing for handouts

[@jeanlujan6129]

I wasn’t! The guy for investment Joy got somebody to give him the laundromat at a reasonable price or let’s see a trailer park at a reasonable price and he built it from there he got help that’s all I’m saying don’t get panties in a twist people

[@NYA_Lady]

That $2 Bill looked nice and flat then that dude folded it AND creased it! It could have been worth more than $2 dude… but I guess $2 is better than nothing.

[@InvestmentJoy]

I have around 1,000 of them to give away

[@NYA_Lady]

@@InvestmentJoy Nice! Were they randomly collected or did you get a stack at the bank?

[@InvestmentJoy]

@@NYA_Lady ordered $2k from bank, all new and sequential

[@NYA_Lady]

@@InvestmentJoy Wow! That's a nice stack. They gotta be so crispy.

[@InvestmentJoy]

@@NYA_Lady very much so

[@cadenfreelen6429]

You rock #investmentjoy

[@criticalthinker7822]

Respect

[@sonnygower8242]

If this hole in the wall laundrymat can make 132K ANYONE can open their own place!

[@giantsfan8872]

Yea but it takes alot of money to start

[@Syph-xl9nf]

@@giantsfan8872 gotta invest to make money there things called leverage if you know how to leverage you can open multiple laundry mats

[@rusty7054]

Hey man, really random but (including me) a lot of people get irritated when they only hear things out of one ear. I mean, I absolutely love the content and you as a channel, but I don't know if that's a post thing but it just hurts.

[@InvestmentJoy]

I'll mention this to the editors I don't understand why the audio isn't working right

[@brianleitch9910]

that's the banks problem that they ran out of quarters not yours.

[@shinobihelper]

thats not even accurate why even do it that way?

[@katherinegarcia3256]

I work in a laundromat. We have a person on duty from open to close. So we do wash, dry, folds while we're there. How do you do it if you don't have someone working? Please let me know. I want to take your course on how to open a laundromat of my own. So please let me know how you're doing a drop off service without a worker to do it. Thanks

[@InvestmentJoy]

Commercial drop. Off clients have the code to access the drop off office

[@katherinegarcia3256]

@@InvestmentJoy So who's doing the drop offs if you have no employees

[@time2fly2124]

i know you weight the giant buckets to figure out how much everything brought in, but if you were wanting to do an individual washers total, then getting a cheap 12 lb digital scale from wal-mart would be better than guessing on a "volume" of quarters.

[@InvestmentJoy]

We address this in a future video via bluetooth scale. One of the guy just records the numbers as they dump into the bucket-on-a-scale and we're good to go.

[@SuperHawkVTR]

Have you ever been offered to launder money by a criminal organization

[@davefromthe502]

I thought about purchasing one passive income

[@MartinSullivan-d2x]

Please send me some quarters Marty. Thank you lol

[@trevorwalsh9443]

Add a Convenient store to your laundromat.

[@jamesnelson2217]

“ I trust you , you look like good people” that was mad weird you dont need to say that . I would say “id like to help you and help your family have a great week! “ “Thank you ill see you soon”

[@StonerJames]

How the f does a bank run out of quarters? That's like the House of Pancakes running out of syrup. I hope you're smart and sell them each $10 roll for $12.50. I would. I definitely wouldn't sell the bank a $10 roll for $10.

[@richardchayer6597]

Hello

[@InvestmentJoy]

hi

[@dan49781]

Gross or Net?

[@InvestAndGrow2020]

Gross

[@onigiriworld]

Another business tip, always look for minority ridden communities

[@jeffdorris5321]

Hit the like button 👍

[@jagsfanrick]

6 or 7 years i doubt cash is around. Gonna suck too IMO.

[@jbreezy101]

A credit card machine wouldn't be remiss.

[@gooddaysunshinefl]

I think it will just switch to a credit card machine. Laundromats in my area are all like that now. Pretty convenient!

[@mixalismak100]

LoL !!!!!!!!🤓🤓🤓🤓🤓🤓

[@Ronaldogoat571]

100k

[@rantallion5032]

what is the net?

[@GrammarPoliceInvestigations]

And my expenses were : $132,568.21

[@InvestmentJoy]

Next one will be a proper p&l breakdown with excel

[@JJ-gq6sf]

@@InvestmentJoy hey Brandon, please can you also remind us how much capital you needed (especially the cost of the machines and installing them... the rest of the capital is easy to estimate, and is dependent on premises location, and how you decorate the place, which is variable and up to a new business owner.)

[@InvestmentJoy]

@@JJ-gq6sf out of pocket was near zero for the first 2 years. On the equipment loan of $95k, plus infrastructure (plumbing and electrical) I paid $2,997 in loan costs, from laundromat cashflow. To purchase the laundromat it was $85k, with $70k as seller finance. Used hard money at a pretty reasonable rate (considering current rates) to loan 100% of the money down, plus another $25k in initial rehab money.

[@JJ-gq6sf]

@@InvestmentJoy thanks Brandon, it really helps to figure out what is possible! GBU bro

[@InvestmentJoy]

@@JJ-gq6sf

[@tasobouzinelos8027]

Hey Brandon, you should do a collab with @derrickwith2rs