How a Beginner Can Find & Buy a Laundromat Pt.1
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- Опубліковано 9 лют 2025
- In this video, we go over a few of the best ways anybody can get started in the laundromat business. From collecting quarters to counting some money, this video will have it all. This will be the beginning of a longer series: How to get started in the coin laundry or laundromat business.
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Don't forget to grab my Success Blueprint: How to find, acquire, & own a laundromat in 2023 - FREE link in bio! --- stan.store/laundrycapital
#entrepreneur #vending #laundromat #cashflow #personalfinance
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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.
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.
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
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
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get
Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
There was literally no info on this video
My exact thought
😂😂
Thanks for saving me the time! I was one minute into it
😂😂 nothing at all
Yes completely pointless 😡
“How to find and buy a laundromat” (literally skips all of the finding and buying process)
Exactly like wtf this was pointless 😡
If you listened he said to go to loopnet and biz buy sell 3:33👍
It's nice to see that you don't tell people that it is not work to own a laundromat. BTW, Nice looking Laundromat!!
I really want to do this, any insights you have in getting started are great appreciated. I think i have found some good established laundrymats reasonable priced.
In what state? I’m interested in getting into this business but can not find anyone wanting to sell.
Yap session
I just closed on my Free Laundromat a couple days ago.. now I need to find the investors! Already working on quotes for retooling and remodeling.
Free? Did i read that correctly?
Danny D'Angelo King of laundry, search him.
These types of videos are people trying to be youtubers more than sharing great information. Just go to the king of laundry to get real info not this click bait “passive” talk. Go into this business thinking it’s passive I’ll be waiting 3-5 years to scoop your laundromat up when you fail.
Its nice the quarters you get you use to be able to get the bigger bucks
I'm confused why you would put coins from one bucket to another just to count. Isn't this double the work?
Would anyone refinance your home and purchase a laundromat ?
I found a couple near but but there are in the 350k -500k so im going to see how low I can negotiate the price or come up with a owner finance method
Damn i hope you didn’t buy it
Learned nothing
I’m just surprised how you guys have tons of machines. Here in my country, we usually have 6 washers, 6 dryers and 2 coin changers.
Nice laundry, how do I get access to your discord
How does financing work. Or you just go to the bank and beg for a loan with proper presentation?
Try to get a sba (7) loan but you need to foot at least 30%
How do you deposit all those quarters into your bank account. Banks wont take that many coins any more ... Some will IF they are rolled ... is there a rolling machine ???
The discord link says it has expired. I would love to join if that is still available?
It’s not passive but it’s a good start towards the subject
Bro said a lot of noting
Great informational video, is the link in the discord?
Appreciate you watching!
Visit: stan.store/laundrycapital
Link will also be in Discord and has been added to the Description box 👍
I have the opportunity to buy a laundromat can you help me work through the deal ?
Danny D'Angelo king of laundry, search him. Worth all your pennies to hire him.
Can I buy one of your laundromats from you?
Do you think 50k down payment is enough for a 350k laundromat?
Yes
Ok what about the people who dont leave in usa and leave in eaurope i leave in greece
Efficient, flexible ironing solutions!
Where is part 2
Maybe where you live, the rest of the the world taps a card or a phone. Cash days are over.
I know about Bitcoin in 2006
You can also be fully enrolled in college classes and still have a Laundromat business as a side hustle 🫢😎
Laundromat business is not passive income, that's a fact.
IAWMF.YWFO