Is it possible to buy a laundry mat building under 100k?

Comments

• mrgoosmoos@lemmy.ca ⁨30⁩ ⁨minutes⁩ ago

  nope. factories to produce rugs (I’m assuming you talking about bathroom towels for in front of the shower?) are not going to be that cheap. and that’s just the business and tools, who knows if they even own the building

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• corsicanguppy@lemmy.ca ⁨10⁩ ⁨hours⁩ ago

  laundry mat

  laundromat

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  • UndulyUnruly@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    !boneappletea@lemmy.world

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  • VitoRobles@lemmy.today ⁨8⁩ ⁨hours⁩ ago

    No no this a building that is a mat for your laundry.

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• spongebue@lemmy.world ⁨11⁩ ⁨hours⁩ ago

  One of my old Internet friends from years ago did, and got very involved in the industry. He seems to be doing very well for himself, but I’ve seen him comment on a Facebook post where people were saying you can only become a millionaire by starting a laundromat if you started off as a billionaire

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  • neukenindekeuken@sh.itjust.works ⁨1⁩ ⁨minute⁩ ago

    Did he agree with that?

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• seathru@quokk.au ⁨11⁩ ⁨hours⁩ ago

  Just the building with no equipment? In most areas of the US, yes. Building with equipment? Doubtful unless it’s already clapped out.

  Running a laundry mat is all fun and games until a bunch of oilfield dudes come through and trash 5k worth of washers.

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  • kamenlady@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    I would think they would rather ruin the mat.

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    • towerful@programming.dev ⁨42⁩ ⁨minutes⁩ ago

      Laundry makes the best mats

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• thagoat@lemmy.dbzer0.com ⁨10⁩ ⁨hours⁩ ago

  Laundromat.

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• FireRetardant@lemmy.world ⁨9⁩ ⁨hours⁩ ago

  It would highly depend on your area. Maybe in a small town but you’d also struggle for customers potentially.

  The biggest factor would likely be the property lease and associated costs like property taxes. You’d also probably have 40-80k in machines depending on the number and quality. Overall upkeep would likely be relatively cheap as far as businesses go but you would likely need more than 100k in capital or loans to get it started.

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• Zier@fedia.io ⁨8⁩ ⁨hours⁩ ago

  There are a ton of videos on YouTube about people who own/have owned a laundromat. Very insightful.

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• Bluefruit@lemmy.world ⁨11⁩ ⁨hours⁩ ago

  Depends on where you live. If you can find a large enough building and renovate maybe. A pre existing building with all the machines already there would likely cost much more.

  Running a business isnt really simple though. Lots of things to take into account. Taxes, overhead, inventory, maintenance, customer service, and thats just off the top of my head.

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  • FireRetardant@lemmy.world ⁨9⁩ ⁨hours⁩ ago

    A lot of those business concerns are minimized with laundromats. Inventory is as simple as it gets. You provide coins and detergent. There usuall isn’t much for customer service either. The biggest thing is having the captial to pay for stuff that comes up like repairs. A lot of the other minor problems can be outsourced for relatively cheap like bookkeeping and cleaning.

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    • BurgerBaron@quokk.au ⁨1⁩ ⁨hour⁩ ago

      A lot where I used to live ran small convenience stores within the laundromat during the day to make a little more money. Depends how much foot traffic they get to make that worth the effort I’m sure.

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• JennyLaFae@lemmy.blahaj.zone ⁨8⁩ ⁨hours⁩ ago

  Just find out who runs the local protection racket and get them to invest in your laundrymat in exchange for services /jk

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• crogope56@piefed.world ⁨12⁩ ⁨hours⁩ ago

  Is it possible to manage a business like an alcohol business while doing that?

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  • CmdrShepard49@sh.itjust.works ⁨10⁩ ⁨hours⁩ ago

    Is this a very thinly veiled way to ask how to launder money at a discount?

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  • adespoton@lemmy.ca ⁨12⁩ ⁨hours⁩ ago

    Yes… as long as you live somewhere that those things are possible. Indonesia, maybe?

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