Submitted 2 months ago by crogope56@piefed.world to [deleted]
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
Did he agree with that?
He didn’t, but now that I think about it he has another business still in the industry (don’t want to be too specific) and that may help too. Really not familiar enough with his businesses’ finances to say 🙂
Oh come on, I’m sure if you’re using it as a front for a drug dealing operation then you can also become a millionaire :)
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.
I would think they would rather ruin the mat.
Laundry makes the best mats
Around here it’s horse blankets. Apparently the combo of hair and grease starts dryer fires. “No Horse Blankets! 😡”
5k worth of washers
whew, at least they only trashed a couple and not an entire row
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
Bahahahaha they are talking about a laundromat.
Laundromat.
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.
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.
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.
Then there is the water. Nobody thinks of the water.
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.
Just find out who runs the local protection racket and get them to invest in your laundrymat in exchange for services /jk
There are a ton of videos on YouTube about people who own/have owned a laundromat. Very insightful.
Is this a very thinly veiled way to ask how to launder money at a discount?
If you’re waking these questions here, you’ve got a long way to go.
I suggest finding some “running a small business” materials at your local library.
Yes… as long as you live somewhere that those things are possible. Indonesia, maybe?
corsicanguppy@lemmy.ca 2 months ago
laundromat
UndulyUnruly@lemmy.world 2 months ago
!boneappletea@lemmy.world
VitoRobles@lemmy.today 2 months ago
No no this a building that is a mat for your laundry.
douglasg14b@lemmy.world 2 months ago
I suppose step one would be to first understand the name and spelling of the business you are trying to make…