Creh makes $35,000 a month owning a laundry mat

[BrothaZay]

 

[TRUEST]

Factor in security as well. Not bad

 

[Kiyoshi-Dono]

 

[UpAndComing]

Electricity - $1200 a month
Gas - $1500 a month
Sewage/Water bill - $500 a month


A Laundromat only having $3000 a month in utility bills?

If that's true, that's a great investment

 

[Striving For Greatness]

I’m trying start one

 

[shopthatwrecks]

Electricity - $1200 a month
Gas - $1500 a month
Sewage/Water bill - $500 a month


A Laundromat only having $3000 a month in utility bills?

If that's true, that's a great investment

yep ....carwash's too

 

[Insensitive]

Tryna get Carwash, Laundry Mat and Liquor Store before the decade is over.
I swear when I enter my 40s, I'm balling out ridiculously.

 

[Dameon Farrow]

If you have no competition on your side of town you can clean up.

 

[Gloxina]

Great investment. I’d like to look into this down the line

 

[KillerPups]

I looked into this. Established laundromats by me are like 1.5m but at 30k a month u pay that off less than 5 years

 

[TEH]

The thing is people steal like crazy so you can’t just give someone the keys without knowing a whole lot about your intake … at first you’d have to be there every day …

if you have the time … why not

 

[Insensitive]

My main thing with buying business as I've learned more about it, is I'm really not with the "buying a job" thing.
I want as little to do with the investment as possible. If I could buy a business and have a guaranteed competent
operator, I'd do it even faster vs. purchasing real estate.

I have a great 9-to-5, I don't want a second or third one

 

[Braman]

He also does laundry service. So, it’s not 35K it’s 12k. Still making bank but yea

 

[Oatmeal]

Cap! These folks go online and leave out KEY info on purpose. Gross numbers don't mean a damn thing, they never post the NET!!!!!

Didn't say a damn thing about taxes, fees, RENT!, cost of parts...etc. he said he does the labor but ain't telling you how many hours he puts Into the business. Folks will go online talking about they pulling in all types of money meanwhile they working 90+ hours a week and not giving you the math of what they're making hourly. Also if this is his sole job then self employment health insurance is ASTRONOMICAL!!! Folks will be paying $120 a month in a regular 9-5 while self employed is close to $1100 a month

I've spoken about this stuff when I was still in the art industry that majority of folks that be eating have a spouse that covers all the safety nets like healthcare or does the accounting or they come from money.

Dude could be making $35k a month with $33k in expenses, it's always a bad sign when an entrepreneur starts making content because when your making $ you don't got time for content creation, people say it's for diversification but that's too much of a time sink if you really getting paper you let your money do the extra work.

 

[BaggerofTea]

Yea its like that.

Even if you can own an atm or vending machine in a high traffic area its a win