How much does it cost to fix up a run-down laundromat?
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- Опубліковано 30 вер 2024
- Ben does most of the equipment work at the laundromat, so if someone is to blame for stuff going down, IT IS HIM! However buying a run-down laundromat is tough work since none of the equipment's condition, quirks, issues is known. STANDARD PROCEDURE would be to gut the place, but those videos wouldn't be nearly as fun as weekly updates with my laundromat!
I have laundromats down to a science. If you want to do laundromats as well click the link:
investmentjoyt...
Throughout the whole video i was thinking why is Branden speaking in the third person
:)
Me too its so weird
Investment Joy :)
Exactly!
Same
It's time to dump the coin pusher.
I would add a cofee machine instead
Adal Martinez yeah
Why? Branden doesn't put any money in it, when people jostle it it's the company that operates the coin-pusher that loses out. And by putting the coin pusher in there it means people are less likely to try and break into things like the vending machines or quarter dispenser. Yeah it's a bit of a headache to deal with but in terms of economic cost it's a pure win.
Yeah! Let it goes to hell
These investment videos put the joy in my day.
Hence the name investment joy
Hey brother! I would use a shop vac to get the water out. Works great. I carry one for this issue. Great video!
I have one of those drill-based drain pumps, but haven't had much luck with it yet.
It's nice to see the behind the scenes parts of running a laundry mat. Not just all the money you earn, but you show the costs and struggles of upkeep. Nice video man!
Wow he is lucky that his brother can repair washer and dryers saves big time labor cost 300 is a walk in the park that was 600 all day long
It was. That is one thing I wasn't able to talk about on the video because I ran out of footage... If you don't have your own team or DIY, you die on service calls. Another, smaller, laundromat is eating $5k/yr in service call fees (Not parts too, AFAIK) because the owner is too hands-off.
Bens Appliances and Junk you should charge Brandon more
@@garyoakham9723 They are family dude.
Matthew B. Money is thicker than blood
@@bensappliancesandjunk I sat 20 of those Top loads on the curb 2 days ago in preparation for installing 14- 60 lb. and 2- 80 lb. Hard mount front loaders.
2 things: 1) $225 in labor is cheap! 2) You mention the other laundromat spent $5K in a year in service calls, but that's right around what you'd be paying if you averaged your December $425 bill put over an entire year.
I hope I explained that near the tail end of the video - the $425 was the average of the other laundromat, but this was a particularly high month in costs for Brandon... He had $200 in parts and the most he's ever paid in a month is maybe $100.
And yes, that's CHEAP for labor, because its my crew. I kind of ran out of footage to use, but definitely wanted to mention that the only way you really make good money in the laundromat biz is (much like self-employed truck driving) is fixing the machines yourself. Service calls eats up your bottom line rapidly.
$425.00 is Cheap for all that work. I know lawnmower mechanics that charge that for 2 machines and No travel time, you bring the machines to them. You said the other Laundromat was spending $5,000 per yr. that is Cheap to, because they wouldn't have the Brother n law discount. Where I live the appliance/furnace service techs make $35.00 per hr plus benefits with service priced at $100.00 per hr. A lot of times it makes more sense just buying a new machine. My cousin taught how to repair furnaces before they became all computerized. I Fixed the same furnaces for for last 35 yrs by myself. When they're replaced I lost.
My first thought when watching this was, wait a minute, thats not brandon. LOL
That's a 5 Star rating on Rock and Spoon Yelp reviews for best Laundromat
you can start by replacement of the master locks
Rules for owning and operating your own coin op laundromat
Rule number one:
Make sure you know how to troubleshoot and repair your own equipment.
Rule number two:
See rule number one.
I have been doing appliance repair for 30 years. Basically you would go broke paying a tech from somewhere else for repairs. Either self repair ir have an employee doing it... not a company charging the going rate for calls. Companies cant survive on $20 labor
Damn spoonys messing with your machines
Half spoonys, half old machines
No no no we don't call them spoonys here, they're "People of the Rock"
Democrats
Tommy looks like the kind of guy I would never question when it came to mechanical problems
Brandon, Would you be willing to share your average monthly cost for natural gas, electricity and water?
as a former sears technician who was primarily in Laundry, these prices are rock bottom and are not normal prices to fix anything.
Oh, I am sure they are, but the same thing goes for his rental repairs - he hires internal guys at the cheapest price to make it all work. I was a tech before he was a laundromat owner, and he knew he could get discounted prices, thus an edge on competition.
I have no interest in investing in property or things like this. I just watch these videos because they are interesting. Thanks for being so transparent and informative.
hey you should really have tested that fist washer under-load, it may only not work when its full of laundry.
You have a really soothing voice, especially at 2X speed
🤣🤣🤣🤣🤣
There is a 50/50 chance Brandon just did the voice over in 3rd person for this entire video.
I agree
Nope. His twin brother did - me.
I can tell its Brandon's brother doing the work, but man does it sound like Brandon doing the voice over.
@@bensappliancesandjunk I know, just saying you and your brother sound very similar one video!
@@blakeharris9868 they are identical twins
0:40 LOL at the laundromat background noise description.
Judge Judy was on his TV. I didn't want him to get hit with a copyright claim. Its also REALLY LOUD in there. When the camera cuts to Tommy, that's the nominal background in the place. Not good for talking.
It's like a game of whack-a-mole, with you losing money for every swing of the mallet
That’s the cost of doing business. I work in a Walmart. Yes we make millions a year but with all the stealing, returns, people damaging goods, or goods arriving damaged on average we make 7% for every dollar we sell.
@@garyoakham9723 7 cents on the dollar is a huge margin for retail. Most retail does 1.5 - 3.
OMG Those labor rates are dirt cheap
Friends and family discount!
Love the videos, keep it up!
I watch alll your youtube adds just for you!
Ricky H There are ads? I would watch them but I never seem to get any.
Glad I stumbled upon your videos. I never thought it would be so interesting watching all this laudromat stuff especially this particular one. I hate that your equipment was down but, it was kind of interesting to me to see the inside guts of the washers and dryers.
Hahaha, "this movie is sponsored by Brandon's wallet" :D
Brilliant
Can you use link belts? Use them in industry, and on woodworking equipment. Would not have to remove the motor to replace.
Use Napa green Kevlar belts, a little more but will last forever
If this were my neighborhood laundromat I would get to handwashing and invest in a clothesline.
I once bought a laundromat that had the old 1960's 50# open flame pilot light driers. Let them run for a few months and then replaced with nice shiney dual 30# dexters. I finally did the math on how much efficiency and how much just burning those huge pilot lights was costing me :D
Throughout the years Iv Ben drinking so please dar with me throughout the years would it be cheaper to buy new mechines or keep fixing theses
Question how much did it cost to open a laundry mat
Someone drilled a mech, used dish soap, and bad install/design by PO. That whole concrete island needs to be pulled up, angle iron removed, plugs inspected, and for good measure coat the exposed edges or the hole thing in an epoxy or something that will make it easier to clean and access for future service, instead of the bare filthy concrete.
Exactly. It needs a full remodel from the bulkheads onwards. I imagine when he upgrades the equipment, that'll all be done in one gigantic swoop.
get rid of the coin pusher and replace it with a arcade cabinet, preferable one with multiple games
Regarding the broken belt, start using a red link belt. You don’t need to remote moter to replace broken belt. The black one is cheeper but doesn’t hold up as well with liquids/oils on it.
the angle iron bar is to keep them from walking off the pad but were iam from they cut notches so the service panel and screws can be removed
They definitely didn't do that here
That place is in a dump!!!!! (Chillicothe) I’m surprised they haven’t stolen everything for drugs.
Prices are drastically low because he is getting the bro discount lol. In a normal cost of living area (where techs are paid more/charge more) I would bet the bills would be $100+ just for the service call on the single belt machine.
That one really varies - I am part of quite a few tech groups that do laundromat calls. USUALLY they are charging $100 to show up, and $25/ea machine to run/diagnose them then $20-30/hr to fix them. It'd certainly be more if it was an official company, but one of the MOST CRITICAL parts of laundry is that you avoid all of that by either doing it yourself, or having someone (like me and my team) that can do it for a lower rate. Otherwise, most laundromats would be in the red. Having said that, there are laundromats that are going under (that Brandon desperately wants to buy) that have 50%+ of their machines down because the owner is basically killing the machines until he can sell the buildings... Partially probably due to tech costs.
Nice seeing this kind of material on some of the finer / not so hidden costs of operation. It would be interesting to see costs for other utilities like electric, gas, water. As always great stuff!
D S if he put in Hot water on the man he save $$$$ on gas bill don’t need to keep the water hot at the time when no one there put them in you apt rent /trail home you save on Gas /Electrics bill .
All costs will be paid next week in views
No, the question is.....how much does a bill stacker cost for a change machine??😎😎😎
$45
I'm thinking of buying the bill stacker for you. It would look more professional and make it easier to collect the bills. Less chance of losing any bills.
@@InvestmentJoy just so you know, it's all in good fun! 😉
teaches2010 I like the way he take the bill there a lot make him look rich with the bill (jackpot )
@@freeetosaywhatilike7473 exactly!!
So much water in the washing machine. Mine only uses 12 gallons per wash
These older machines use 25 gallons (ca. 95 l) or so. Definitely not high efficiency.
Amazing what goes into keeping a laundromat going properly. Good video.
Car wash!
Holy crap you guys sound alot a like
Love the videos. Did anybody ever tell you that you look like mike o mally?
$2.50 for laundry people pay that???? Are these super big units. My building is $1.50 for a speed queen washer and .25 cents per ten minutes for dry
The equipment they are making is junk, Chinese parts? Back in the day the machine timers could be accessed and tested manually. Have they stopped making machines this way. In my local Alliance equipped and installed laundry, half of the machines are down. All front load Unimacs.
A small portable / submersible sump pump will empty those machines in just a few minutes. All you need is an extension cord & a garden hose to run the water to any drain or sink...or you can even drain it into the unit next to it w/ a short hose...just fill up the working washer & then run the drain cycle.
The amount of labor and parts your spending on those washers your better off buying good used ones you won’t have problems
Are some people really that pathetic that they have to lie about a machine being broken to get there $2.50 back...
Why dont you hire someone like for 4 hours a day so that you can keep an eye on the business?
Jonathan Gatto because that costs money. A $10 an hour employee would end up costing around $14-15 an hour.
@@mph5896 Would save him the 30 dollars he lost with something or someone breaking something and it is a writeoff
How do you come up with $30? 4 hours x $15 hr is $60 a day. That’s $1825 a month.
@@mph5896 He lost 30 dollars in 1 day with the change pusher!
@@jonathangatto Yes but he didn't lose $60 per day nor even $30 per day. Paying $60 per day to stop random $30 losses is not good business.
The amount paid for service calls are a tax write off? Does he get that back or is it just a total loss?
I bet that Brandon doesn't pay him enough.... sponsored by Brandon's wallet... :p
Good video. Numbers count. More like these please.
Why not take the coin pusher out? It seems like a temptation for thieves…
Thank you, BEN! :D ~Cindy! :)
Brandon I see update also as information about the operation too.
Good afternoon
did he somehow pay $445 and show $225 on screen?
show us the bad guys from your security cams
I would black list the bullshitters
Hey Brandons brother, can you not take the housing off of one with a bad pump and install it on the pump. Based on an admittedly cursory look. It APPEARS the screw holes line up still. But perhaps that isn't the case? If the pumps themselves are the same pump/rating. Changing the housing seems better.
That's the catch, the higher-rated pumps aren't available easily from what I've seen. You have a commercial rated pump (the expensive one) and the regular GE-style residential pump which has a rating of about 15 less watts, and is in a smaller housing. I could not find any sort of larger one to use. Its a very similar situation to residential ones, as the housings are SO SLIGHTLY different between an LG, Whirlpool, or Samsung that prevent you from always using a universal pump at 1/2 the price. The universal ones work sometimes (and are most akin to LG0, but.. half the time, it works every time.
“445 dollars” video 425 lol
That Coin Pusher it would be gone . It's only a frustration.. just think.. no more theft if it's not there ..
...No... Its the easy target, so it attracts their attention. Its also not brandons machine, or his money to fix it. If it wasnt there, the thiefs still would be, and they'd just steal something else...
Wish you could be there to see how many people play that thing... Its unreal. I know Brandon wants to buy one eventually because its THAT lucrative. It makes more money, item for item, than anything else in that place just about
he doesn't own it, therefore they are stealing from it, but hes not really losing anything.
Could always try one of those claw grab machines as well lol or maybe safe that tor the arcade
Well at least he's making money as you all said.. just sucks that people gotta take what isn't there's..
Cant you use a ratchet to get that angle???
LOL! IT'S THE SAME GUY AS BROTHER
"It does need replaced....needs fixed?" Why do people butcher the English language intentionally?
Its not a big deal
You edited your comment so yeah.
@@WeedShaggy What does editing a comment have to do with anything?
@Green Giant You have no idea why I edited it - you sir...... are a moron.
Merica!
Brandon does your bother have own channel? i do have some interest in repairing these things
Yep. Just click this name (Ben's Appliances and Junk) - that's my channel
You need some new machine
At what point will it be cheaper to take the washing machines out and then reinstall them correctly? Not even get new ones, just make sure that you're giving your current one the best shot you can for working properly and being serviceable.
Thank you for showing the Good, The Bad & The Ugly of your business. Often all we see is all the smiles & money being counted only on these video clips. Yes parts wear out & the faster you repair them the sooner you can make $$$$. People are creatures of habits & return to the same machines or locations for some reason of familarity
For some reason I keep coming back for more. I don’t watch your whole videos but I like supporting you. You seem like a good guy. Keep it up
You clearly don’t charge enough. He should have paid a lot more. I would have done it for free or charge the proper amount. Those machines need to be replaced. Speed queen used to have nice financing on new machines guessing that’s gone.
The actual title should be: How much does it cost Brandon to fix up a run-down laundromat?
These prices would not be what it costs others so it's a really misleading title.
But Brandon's entire business model is finding people to work for less-than-market rate. That's why he makes money and is in business. No laundromat owner is going to want to (or try to) pay market rate for parts and labor.
Who's Brandon?
Let me know I sell
it might be cheaper to replace all of the machines and get new machines might reduce the service calls
Could you make a video for younger people on how to start investing?? (and when I say young I mean like 18-22) I am really interested on finding new ways to make money and grow my savings and I don't know where to start since I have very little money due to college!
Brandon just did a sidehustle video, its definitely worth watching.
Bens Appliances and Junk thanks for letting me know !!
What is the address of this laundromat?
Great brother
Why not get rid of the coin pusher? It seem to only cast money at this point.
I love your sense of humor Ben! Another good video.
i fear he joined the ppl of the spoon
Buy one, get one free Sour Skittles @ 1:18
I saw an older video where Brandon had some older 18lb Front Loaders but I saw he took them out. I bet he can buy more front loaders to replace the top loaders
The end goal is to go big with much larger frontload washers... 60 and 80lb washers are all the rage where a family can do a week's worth of laundry in 30min for like $10.
25 years ago, went to a brand new laundromat out in California. My washing machine ran for a very short time. I thought to myself, wow, these new machines clean in less than half the time. I will save a lot of time at this place, great. Come to find out the reason they are so fast is they use less water, and do a bad job. Maybe things have changed
Newer machines are better overall than older ones for clealiness and wash time. Its hard to struggle a balance
I'm sure there is a perfectly logical reason as to why he is speaking in the 3rd person. What it is...I have no idea however?
Brandon isn't the one speaking
6:14 We have a local laundromat with Maytag top loaders from the mid 70's. They still work fine, other than that a good amount of them have bee broken for a while and not repaired, since they don't care.
The Elevator World or they can’t get part for them too
No, it's because the laundromat is in a strip mall (the laundromat is the longest serving tenant in the strip mall. Most of the strip mall is out of business, and so the landlord is kicking the laundromat out when the next lease is up so they can tear it down and build a mixed retail building.
I bet they didnt kick them out now
Probably not. They're still open as far as I know.
I love these repair videos!
Hi Brandon’s brother
Do you own the atm in your laundry i use them as a safe keeps itsafe inside
He leases the ATM and barely makes anything from it.
Hello brother, can u do a video on all the expenses that come with running just a single laundromat vs the income? I am scouting stores today and I really think this will be my next business venture
He has a video or two on that if you search through his library of videos
@@bensappliancesandjunk Cool thanks brother
I appreciate the sarcasm....
Thank for show us what cost are but what would be the cost if owner did not have part ? The true cost Of the bill? With that said need to up date old to new Washer /Dryer today they are more saving on power and water bill. But cost more .
Could some of the down machines not work because of a large load of clothes and you only fill with water? the clothes would make it harder to run or spin?
Potentially yes. But since most of these washers are belt-driven, the wear and tear would eventually snap the belt more than anything else.
@@bensappliancesandjunk Are there commercial washers that don't use belts? I made sure my home washer didn't have belts. That was after I was fed up with constantly fixing the belt on the previous washer.
@@wadebarnett2542 I *think* Dexter uses a belt-less drive via a 1-horsepower inverter motor. Lots of residential units use them, but I've had a lot of problems with them and wonder what the real commercial equivalent looks like.
Just wait until someone puts 4 laundry pods in a front loader.
That's just about why the $120 drain pump died in the Speed Queen. The bad pump looked nearly brand new, but the machine was filled to the brim with suds which kill washer drain pumps much more quickly.
@@bensappliancesandjunk Frount Loaders should only need one even for a large load less water but we're dealing with people here.
@@METALMAN4Wii exactly. People don't understand how portions work, and I see dish detergent in washers/ect often because "the suds means it cleans better" - ugh
Early ayy
If you want to own one that makes money you must have an attendant. Get another product to rent or sell if you don't people will overload or break into the machines . and just hang around and scare off the customers . I had woman who where older who traded there work for doing their own clothing . and we also had commercial drop off . Hope this helps .