What it actually costs to start a laundromat

Рет қаралды 17,198

Laundromat Entrepreneur

Күн бұрын

Пікірлер

@WaleedCope 8 ай бұрын

A lot.... great points Mark!

@LaundromatEntrepreneur 8 ай бұрын

Thank you for watching.

@TinaMyles Ай бұрын

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

@KentBrono Ай бұрын

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

@KentBrono Ай бұрын

@Wlad-v2w Ай бұрын

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

@Wlad-v2w Ай бұрын

@AngellLevey Ай бұрын

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

@Themachineincmarte 3 ай бұрын

I’m planning to buy my first laundromat so yes I need your advice and thank you for the tips 🙏🏼🙏🏼🙏🏼🙏🏼

@amadeus1823 17 күн бұрын

People have no idea how expensive it is to purchase a laundromat, good luck finding something decent in California for a Decent Laundromat, several hundred thousand dollars just for something small and decent.

@rodriguezyoseline 4 ай бұрын

Hello, how can we purchase your book?

@LaundromatEntrepreneur 4 ай бұрын

It is on Amazon.com. Thank you.

@AnnmariePierreJackson 6 ай бұрын

I Will like to see new tecnología laundry Matt.

@anthonypabon9382 4 ай бұрын

Thanks for the info!!

@TXCACLE 3 ай бұрын

very useful share!

@vics128 Ай бұрын

You didn’t talk about the most important thing… cost of the machines/ fixing the machines

@LaundromatEntrepreneur Ай бұрын

If you are buying an existing laundromat, the cost of the machines would be included in the purchase price. In this video, I was trying to show all the other expenses you would need on day one. You should have money set aside for repairs, but hopefully, you won't need to repair anything on day one. If you are building a laundromat, estimate $300 to $400 per square foot for everything, including the equipment. In NJ, for example, a $2500 square foot store will cost about a million to build out.