My FIRST Laundromat Collection!
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- čas přidán 28. 08. 2024
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I love the vintage dryers that are there, it's not often you see Laundromats with those, especially in decent condition.
Absolutely loved this video!! I’m looking into purchasing my first Laundromat. I’m negotiating with the owner. This is super encouraging. I will be subscribing to the channel!
I’m new to this space and I’m about to get into vending. This is on my list this year!
Vending guy watching. Your getting the hard money don't forget about the easy money. Cranes arcades bulk pop machines coin pushers
Yes I heard of Investment Joy by the way.
You’re on the right track- trying to make the business pay for its upgrades is ROI to infinity.
Good video. Thanks for sharing. I took the plunge shortly before you (May)... If you haven't checked out some additional channels, you'd likely find useful information at Following Keenan, Chock Full of Quarters and There I Fixed It. Best of luck. Continue to post content on how it's going. In 4 months, I've done painting, lighting, a couple of new machines, LOADS of machine maintenance, a new soap machine (old one was broken), have brought the cleanliness level WAY up, etc. Every day I get compliments from multiple customers... and the top and bottom lines are continuing to grow steadily (so I think I must be doing _something_ right...).. Keep up the good work.
Nice job congrats!!
@@CashflowComa Thanks, man. Keep after it! Once you give the place a bit of TLC, I think you'll see the returns.
I like the old Huebsch Loadstar dryers they look real cool its a vintage 😎
Put a pop and vending machine in there and that would be more profit..👍
Trust me been thinking where I'm gonna put one for days 🙂
@@CashflowComa we have outdoor laundrettes in the uk called revolution outdoor laundrettes you should have a look at them on the Internet
Yes hi how are you doing?....I remember in 1 of your videos?....you briefly mentioned that you had, you put down $20 or the $25k?.... I was just wondering....did you take out a personal loan?...or a business loan from a bank to buy this establishment?... was this place owner financed?... & last but not leased?...do you own the space?....or are you leasing the space?...I think I remember you saying you rent the space...& if so?...how much is that a month?.... thanks
The rent in Washington would probably make a laundry business hard to keep up
Get a coin scale, but you're doing the right thing counting what comes out of the machines and not counting the cash from the changer. You're in the laundry business not the change making business.
Get rid of the toploaders, especially if water isn't included in rent. TL washers use 2x as much water as front loaders. As ugly as those dryers are, if they work and use natural gas, you're fine. Double pocket dryers are better tho. Get a snack machine & pop machine. Can make about $500 per month from them.
Edit- i see you have a scale. Nice. Haha.
You’ve got an excellent start! I like how unfinished your business is; SO MUCH POTENTIAL!
Thanks!
Great video and I look forward to seeing more of your journey. Before you get rid of the old machines and you do me a couple of favors? I'd like to see you go up and down the toploaders, looks like there are some old ones there! Also could you show the backs of those dryers? It would be cool if you have space to keep one in the backroom as a relic, they are probably close to 50 years old!
Oh they're older than that
Thanks for putting out a great video that was informative and entertaining. Keep up the good work and worthwhile content put into the videos and you can fill in the same role that Investment Joy had for you.
Great Content, im looking forward to learning alot from you. I appreciate your no fluff, approach. I have wanted to own a laundromat business for a while.
Welcome aboard!
In nyc own 1 laundromat 350 a day 🤞🏽you got this brother.
Nice!
Awesome!
Very neat and informative dude. Much obliged.👍
You need to retool those tumblers are ancient.
Great video! exactly the content I was looking for. Thank you !
Yeah if I were you, I likely would replace the top loaders and put in the 20 lb hardmount washer/extractors in their place.
Love this guy. More honest that some of the others.
Very motivational..
Gota get my laundromat soon
New machines, $20,000 budget? Have you priced these things?
Love this, I'm in a different industry (music) but I'm looking to invest in other cashflowing industries as well. I'm rooting for you and learning from you a the same time!
You can do it!
Oh by the way I've subscribed I'd like to see you fulfil your journey. Do what you can with resources you have change things as you can. Thanks it's john from Sydney Australia.
Thank you John! Appreciate the feedback!
What are expansion expenses from the Government?
In many jurisdictions that store hooking into sewer and water is $150-300k.
So don't "JUST " knock down a wall.
Thank you!!
Love the big dryers
I am a new subscriber! I am a vending guy. Lets see what else you have. Thank you for sharing!
I love your ideas. I just bought a business too and need all the advise!!
Get some dryers from this century, double stackers.
Well informed my friend I wished I had the money to start with because I would love to own one of the laundromat and to start with I’ll will put a lot of my time in to it
Seems like a good dude
Have you noticed your business slow down over the past year? Asking because I am looking to buy a laundry mat over the next year. Thank you
You should make some videos on real estate, and just share some of you’re knowledge with us!
Will do.
Can you do a video on the financing part ? How much down total did you have to put down
Throw a soda machine or a Arcade claw machine to make good profit I'm sure kids who goes to the laundromat be welling to spend a couple bucks for the time being there while doing laundry.
We're working on getting a soda machine in!
Hi there!! First time seeing you. Honestly what your saying is all true. If you make the changes you'll do the money. Think about drink confection machine coin pusher there good for the coins. Maybe music?? Disco bubbles??? I hope you do well. Take care bye
Donations..there is a light
Excellent video. You make me very nervous how far away you walk from your collection bucket. If the store is closed, that is very different.
Lol I know what you mean
Liked and subscribed Sir. Thanks for the insight.
$10K-$12K month in that place...not likely. Also, you could not even replace half your dryers for $20K. Yes I own a laundromat so I'm not just talking shit to you.
Thanks!
@@CashflowComa I'm not trying to bring you down, but keep it realistic. Used dryers are $2500. I've been upgrading my store for the last 4 months...it's pricey.
How much money you makes a month???and how think about this business? I am thinking open this for first time and don’t have any experience 😥
Hey mate.
Just found this.
I’m looking at a laundromat 500m from home.
It’s cash free. Fully unstaffed.
What should I be looking for before I drop the $$$
Hidden secrets to laundromats.. etc.
Buy a program from a successful person saves you time. Hunting "free" info costs you lots of time. Time is money.
This is true! 👍
How much will cost,to have a first laundry place,it look so cool .
Depends on a lot of variables man
What brand are those dryers? I have never seen dryers like that before I really like those
Heubsch, Loadstar, and Dexter!
My family had business partners...all else..tip jar
ones watched keenans channel
Wow that's a lot for 1 day . Btw that's 1 fine azzzz owner of that laundrymat!!
cool vid, enjoy dat money!
Thanks! Will do!
Good honest (seems to be) content. So what's the profit supposed to be out of that 200?
it's 100% honest, and I'm not sure it always varies.
How is it doing now?
@Cashflowcoma, so you're in Texas?
What you think about top-load washing machines productively and revene?
They use a lot of water
Can I start with $70k small laundromat including the machine and all relevant expenses such rent ,utilities, Internet, insurance as start ...please give me your opinion
@@nart9521 You need to have some change left over but how many sqft is "small"? those 5 dryers from Midwest Laundry was 15k, 3 30lb dexter washers were 5k. Maybe you could get a great incomplete mat going making you money while you save up for more equipment.
@@CashflowComa thanks Bro for your answer but if we said 5 top load washing machines and 5 double dexter and 5 dryers as start how much it will cost and what size it need and other changes cost .appreciate your comments
And the place will be rented not owned by my
Do you think starting with gumball machines a good investment to start in Vending compare to an actual Vending snack machine?
Definitely the snack machine *in a good location* will be better imo.
@@CashflowComa I understand your point of view but do you think I should still buy a vending machine even if I'm in college bombarded with work.
@@zaniah8270 I mean only you can answer that. Do you have much free time? Can you afford to invest a little bit for a machine? Can you take 1 or 2 hours a week to stock it? Hope it works out for you man
Location" Location......!
Good job sir.
I’m interested in laundromat business.how many dollars invest in laundromat and profit.
Where you located buddy?
Get more quarters so you don’t Need to collect as much. You wasted your time you could have done something else. Like fix the broken machines.
Free 99 knowledge!!!
Level 99 200k exp 😉
Hey did you get a loan to start or you did cash
$200 for a day? That isn't worth it
@17:03 doesn't want to sound like a money guru...
*makes youtube channel called cashflow coma*
okay buddy lol
What i’m going to be doing one day
I believe you can make it happen!
why so many jealous ppl in the comments?? he has his business yeeshh its okay
How much didnyou buy the store? Roi? Cash or loan?
i bought it for less than 50k, it will be +200% ROI. All cash
@@CashflowComa thank for replay. I am about to buy a laundromat too. So I am trying to valuation the business. It nets 80K he wants 250K. What should I offer for cash? 120K ?
@@oguzoguz4686 if you lowball like that he's going to want some reasoning behind it, i.e, professional walkthrough, appraisal, etc. note everything
@@CashflowComa Thank you very much. I am planning to get some professional help.
Did you spend money to buy this laundromat?
Hey bro! Yeah I bought it for 30k and I've put in a combined 20ishk in renovating it. It does more than 7k/mo gross, pre renovation. The renovation is almost complete about 2 more weeks!
So you're not technically "profitable" yet. It sounds like you're not a fan of "mentors", but I STRONGLY encourage you to get Danny D'Angelos DVDs... A year ago, I was where you're at.... I had an idea of what I wanted out of my laundromat but no realistic clue of how to get there. A quick Google search lead me to Danny D'Angelo, and I bought his information. The Alexa and Ring automation stuff that you saw in my videos was all me, but everything else about how I run my laundromat came from Dannys info, from the importance of being 24 hours, how to handle the "employee" aspect in a way that increases your revenue, security systems, arcade games, He covers EVERYTHING about how to run a successful laundromat, and I can tell you from experience, it works! I spend MAYBE an hour each week at my laundromat, just to collect and get paid. Thats it. All because I run it the way Danny taught me. People pay for a college education to be doctors or, worse, liberal arts majors... Why would you spend $50k (so far) on a business, and not be willing to protect that investment by paying for a solid education on how to run it successfully?
Realistically, the information in his DVD probably wouldve saved you at least $20k if you had gotten it before you bought your laundromat.
Either way, best of luck to you!
Thank you man. I'll look at em!
Cashflow Coma I also would recommend u look into Danny dangelos corse! He’s not like every other mentor and he’s the KING of laundry for a reason.
if you work a regular job you will make more than this amount 😜
1980 is calling, they want their dryers back.
try 1960 pat.
Learn how to fix every piece of equipment in there yourself.
Solid advice!
@@mattzinicola7460 Thanks
How Many Laundromats In Your Town.
probably more than 10
How long is your lease?
+5 years
Cashflow Coma ok just wondering because I am in the process of leasing a laundromat as well I am doing a 10 year lease with an option.
@@kevinstilwell5673
How much it cost as start for small business
Give the customers WIFI
5ifth!
Stop being so cocky good for you jesus
Roger that🤐
Made your money back yet?
Oh yes!
@@CashflowComa Hi I just want to know where to buy them like in Sauth Africa
@@teklashaanika3343 google laundromats in a town in South Africa