How Much Cash Can a Laundromat Business Really Make? (Pt. 1)

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Title	:	How Much Cash Can a Laundromat Business Really Make? (Pt. 1)
Lasting	:	12.53
Date of publication	:
Views	:	290 rb

8:30
Comment from : Henock Wesfin

You don't let Jeff talk
Comment from : Sonny Day

At 7:52 guy in reatiner: what do you get for $350?
Comment from : M FLO Fontanella

This was quite informative, thank you
Comment from : mwai kageche

great video! you ask the right questions liked and subscribed! Just one thing you could include is to give the consolidated monthly expenses Jeff mentioned abt 6k as utility, but total expenses incl employees compensation, rent, etc would give a better picture of the actual profit/EBITDA (270k minus ??)
Comment from : Arvind Subramaniam

Everything nowadays is million dollars tonstartnobody will give you a loan for that and even if they will you your kids and grand kids will be paying g the interest off on that loan for the rest of your and their lifeslife's unless you get born rich no way to get off the bottom
Comment from : 1589chicago

Come to New York make me and interview how much make a road service mechanic
Comment from : Juan Rosario

2:14 Someone sounds happy
Comment from : Edge of Entropy

Buy machines directly in China and save half the money
Comment from : Mr Steel

I don't get the sewage impact fees Basically, the laundromat is doing the work that other households would be doing if they laundered at home It's basically a 'wash' So it's not doubling the impact to the sewage systemunless someone comes from the laundromat and rewashes their clothes at home And nobody builds new laundromats because of this So, the population increases, but the number of laundromats don't because everyone buys existing businesses grandfathered in
Comment from : Craig Swanson

finish a thought you break away and start other ideas really really confusing
Comment from : Mark Stoll

Successbr0
Comment from : SANDOR VARGA

The crackheads in the background 😂
Comment from : Automated Comment

Greetings from Laundry Bintang 89 Bandung, Indonesia
Comment from : Ujang Ahmad Laundry Bintang89

Great video Where do they buy their machines from?
Comment from : Wendyybabbyy

10-20 hours a week for owning a laundromat is amazing
Comment from : chaff5

Doesn’t seem like a lot of profit
Comment from : Edwin Ezala

I am thinking about doing this myself so I have been watching a lot of videos, people who think Staff is an expense drive me insane Part time minimum wage employees seems like a good way to invite theft, I would rater pay full time employees and cover medical it seems like its cheaper than possible employee grift due to low wages
Comment from : Thedarkgreenmarine

Assuming he bought the business at about a 3x multiple ($220k annual revenue @700k acquisition) From him boosting his revenue by $50k (let’s say expenses have stayed constant for simplicity) the laundromat is now worth $800k+ if he were to sell it as it is and it’s only growing!
Comment from : Dean Majidy

300k Revenue on a million dollars isn’t 30… what’s the NOI??
Comment from : DAHJ

Great video Your content is amazing like always However it would be much better if you ask your subjects the amount of take home profit they make directly as opposed to only asking revenue and major costs Great work nonetheless Keep it up 👏
Comment from : fahdm82

Big thanks to the gentleman running the business
Comment from : Mete Can Karahasan

I don't understand his final land versus leasingbrbrHere in Northeast illinois, the property taxes go up so owning the land is not going to keep you from paying more of a mortgage note brbr The best thing about land should be that you can't run out of a lease But purchasing land in northeastern Illinois just requires so many truckloads of cash compared to leasing the property
Comment from : Michael Dunagan

We lease building our laundromat and make a killing You don't need to buy the land trust me
Comment from : leroy Davis

Easy money!
Comment from : Airbender

Does the Laundry Machine company have financing?
Comment from : Dave Anderson

Best of luck to Jeff and I hope he is on course or already sailing on the sea of Cortez⛵
Comment from : Chris C

This guys roi and profit margin are both 36 Thats hard to believe An amazing coincidence or he is just making up numbers/bad editing or something
Comment from : icmull

I hope he has the building as a separate entity and pays rent to it from the laundromat operation
Comment from : Larry Hirsch

Jeez, I need 700k just to rent a place? I'd probably make that much when I'm 120 years old
Comment from : Mekhi Srey

36 return, this guy is nailing it When you hear numbers above thisquestion it
Comment from : TheSoloAsylum

Next time I interview for a job, my first question will be, "How many sabbatical days do I earn per year" I'll get promoted before im even hired
Comment from : BOTTIMIND

Tentando montar uma aqui no Piauí estado pobre do nordeste do Brasil Aqui as máquinas tem muito poucas opções e são muito mais caras e menores que essas aí na América o que me faz tender a ter que escolher uma entre as franquias já em atuação aqui no país Baterias de Máquinas simples 10kg que aí custam 2 mil dólares aqui 48 mil reais Aqui no Brasil é bastante complicado empreender em tecnologia assim pelo alto custo, zero incentivo e estrutura Mas vamos que vamos Parabéns ao canal👏👏
Comment from : Jr Moral

This business style I really do like a lot
Comment from : Mauricio M

So he spent over 1 million but only gross 200-300k a year I mean if you pay up on your loan you may be able to pay it off within two years
Comment from : Juggalosquad502

I think storage facility business is way more passive
Comment from : LBOMendoza

That’s probably what he’s telling the IRS he’s making:
Comment from : AK

Do something in small scale manufacturing
Comment from : nipunh gandhi

Ilearned so much!!!
Comment from : Easton Jones

This bloke isnt making didly squat at the moment What are you talking about He aint making anything yet this story is BS
Comment from : Darren West

Thanks for introducing this business
Comment from : grandwell zhang

Hello UpFlip: Interesting I went to a laundromat yesterday (a rare occurrence); but it too had recently been acquired by a new owner with a lot of the same mindset & vision as Jeff's Odd, how this popped up in my YouTube feed this morning 😉
Comment from : T Michelle Hauser

This guy would be making a huge mistake by making it a cash-less business by 2023 One of the biggest advantages to a cash-only business is that you can report whatever income you want to the IRS and they have no clue what you really make
Comment from : Finn Hilden

I am planning to have a business like that here in Canada but Company told me to find a place first to rent and it should cost approximately 3k below and 15 years to pay them for the machines But I'm still thinking if it's worth it I don't know I don't have idea Anyway watching here with friends full support here God bless and keep safe everyone!
Comment from : joblaman phil

Yeah That’s why there’s so many people opening a laundromat 🤣
Comment from : LJ’s Cooking Channel

I own 5 laundromats and the numbers that he gave on machine prices were so far off it wasn’t even close!
Comment from : Drew Dykstra

Laundromats need large signs that say Do not hog the dryer or the washers 3 units in a dryer in 6 dryers is being a hog have some courtesy
Comment from : Joe Artega

I just wanted to do this business i love this video and bro mickcongratulation bro
Comment from : Firdaus Abdullah Fir

Man theres laundromat for sale on the east side of my hometown for 700,000 everything included basically you just take over the lease, i was close to the owner ( known him for 20 yrs ) and its just too much for the wife to handle on her own I'd love to try to take it over but have no idea who to talk to to or even start any ideas? I would hate to see this turn into another empty building
Comment from : Kidz Zone

I enjoy using laundromats
Comment from : Sharonthetrucker

Breakdowns? How many washers? How many dryers? How many parking spaces? Square footage of building?
Comment from : T Hyslop

👍
Comment from : ZoVoZ

great interview!
Comment from : Fabiano Barbieri

This guy is giving his secrets away He will have competion soon
Comment from : Riyaz

Can't people really afford a simple washing machine and dryer? I can't imagine washing my clothes in a public washer it's disgusting
Comment from : Smolex

Short and on point! Liked!
Comment from : alekosimba

great ROI
Comment from : social3ngin33rin

I've been going to the same laundromat for about 3 months Everytime I've been the machines have taken my money, anywhere from 1 dollar to 5 dollars
Comment from : Red Street

Raffles run into gambling laws don't they? How he didn't get in trouble admitting that on camera
Comment from : Ryan Hartman

36 return? That's just a misunderstanding how the accounting and finances work Revenue/income is not profit, and far from it
Comment from : Lucas Polski

Can you tell me more about the reward card? Is it software based
Comment from : andrew hubble

Great video, thank you
Comment from : Haythem Lutfi

step 1 be a millionaire
Comment from : Sam Holder

I love your videos but a lot of them are not helpful and the owners don't know what they're talking about For example, the 36 profit margin is it after paying the mortgage? or before? and did he calculate the mortgage for the entire building or only counted what portion of the mortgage the laundromat accounts for? brbrMost of the videos are titles 'how much money does this business make' but 5 of the video is discussing actual numbers in a super unorganized way
Comment from : Mazen Dababneh

Great presentation Very informational, but you lost a potential subscriber because it's irritating to have a commercial break after every 45 seconds to 1 minute of viewing your content You're doing great, however imagine how much higher your views & subscribers would be if (as I'm sure) the majority of the people who have stumbled across your channel weren't subjected to a bombardment of advertising?
Comment from : ADotsWorld

Why are you always holding your phone?
Comment from : Michael Barrett

nice video is there any info on the equipment repair cost & tips / cost for laundromat business?
Comment from : Kimbol Zhang

Where is the laundry locator and what state
Comment from : Karla Fajardo

Those numbers don’t sound enticing at all 1m investment 300k revenue for 100k profit plus 10-20 hours a week week? The host talking about ROI based on gross revenue was also super confusing
Comment from : Nick Duncan

Subscribe and comment on this
Comment from : Callum Bjazevich

He can eliminate the need to count the money by adding a laundromat card system
Comment from : Ken C

Thank you I like the video!!
Comment from : Maria Colabella

$700k?? Dang
Comment from : Brian Flores

I’m 21 Looking Too Buy My 1St Laundry mat
Comment from : Jermaine C#tHaOwner #A1 PRESIDENTIAL PREI

Thank you for this video!! I’m considering purchasing a laundromat once I retire out of the military I’m still researching Appreciate the content 🤙🏽
Comment from : Livin with LT

Why aren’t you guys 100 cashless? In Australia I’m building cashless only because cash is dead here for laundromats
Comment from : D 13

Great video 🔥🔥🔥
Comment from : Veche

Always remember to repent of your sins (sin is transgression of YAHUAH’S LAW: Genesis, Exodus, Leviticus, Numbers, & Deuteronomy) And Have Belief On YAHUSHA HAMASHYACH HE Died and Rose three days later so that you can be forgiven of your sins! brbrHE Loves you! Come to HIM!🙂🙂🙂🙂🙂
Comment from : Rey Ban YAHUAH

My cousin owns a smaller medium sized laundromat in Chicago It's a 2 flat He owns the building and lives upstairs Hes 22 He doesn't do any drop off or wash and fold But he does have 2 vending/pop machines And it's a clean place Lots of people everyday us it I dont know how much money he pulls but I never see him not smiling
Comment from : Sam

That’s brilliant I thought of that as well! Having raffles for customers, An incentives for being loyal customers What I would also do is have raffles around Christmas and holidays
Comment from : Ramons Media Blog

“Amazing channel!” Love it!!!
Comment from : Ramons Media Blog

Drug business has amazing returns
Comment from : Steven Anderson

this guy ¨thinks¨ he bought the laundromat for 700 thousand Bruh, you should know exactly how much you bought it for
Comment from : Zachary Carlson

How much is water bill
Comment from : yoga1yoga1

You don't make a lot of money from it Only way to make a lot of money from your laundry is to sell your laundromat Laundromat is too much bills
Comment from : Shifengsher Xiong

Sounds great How much donations I mean $ do you need??
Comment from : Angela Bakloyvov Tchaikovsky

Great interview It was really surprising how much money he is making from this business
Comment from : blessed7fold

Revenue is not ROII feel bad for this guyI bet he barely making it or he is in negative
Comment from : Roneth S

What is the net profit?
Comment from : Ray Maccioni

How long does it take to recoup your cost before the public f up your machine's? Is there insurance or a lease option for those machine I mean 400k is like wow !
Comment from : cocoa tresbelle