Thank you for the feedback! That’s great to know and I’ll keep that in mind for future videos. 😊 Let me know if there are any questions I can answer for you!

Our door is on an auto lock/unlock. So it unlocks in the morning and the first customer in just opens the door. We have an employee who closes at night (the door auto locks but does not auto close). I think the ideal SF really depends on what you want to do. My laundromat is fairly small (about 1000 sf). It's in San Francisco, so that's not too uncommon. The main thing I would be concerned about space wise with a new location would be having enough room to both serve the self-serve customers and also have a wash & fold component. We actually took out some old washers and created more folding space because there were times we didn't have room to do the wash & fold orders. If you had a separate area for wash & fold, say a large office with a couple machines and folding space dedicated specifically to wash & fold that could help too.

Thanks for commenting! Is your question more around how to find a cash flowing laundromat in the first place, or how to analyze financials to know if there's a solid return? Or something else?

Hi K. Thanks for the response! It’s more about finding a mat that’s busy so I know there’s somewhat of a guarantee of a decent return. I understand I can send inquiry letters to the mats that are busy and not selling (to find out if they are interested in selling), but are there any other areas I can look into so I feel more confident in the potential profit? PS - I heard you on Justin’s podcast (I think that’s his name) and was drawn in by your story. I’m a tv producer looking for a pivot into a business of my own - something that AI can’t swallow up! Thx again!

Great question! We have not had significant issues with crime. We recently had someone try to drill the locks on one of our changers, but they weren’t able to get inside. That’s the only time something like that has happened since we’ve owned it. There were a lot of laundromats we passed on because they were in neighborhoods we weren’t comfortable with.

Hey! I actually talk about how to find a business for sale in Part 2 of my How to Buy a Business series. :)

@@Keira_Hamilton thank you very much I’ll watch that real soon

We have Dexter and Speed Queen and I think both those brands are solid and make equipment that lasts a long time. We use PayRange on both of them for electronic payments, although I would guess they integrate with other electronic payment options as well. I’m not sure about which types of brands need to be serviced over others, but I would not recommend going with a lesser known brand because it will likely be harder to find techs that can work on them. For example, there aren’t as many techs who work on Wascomats, at least in my area. Feel free to ask more questions!

No, we live in Oakland which is across the bay and distance has definitely been a challenge for us. Personally, if I were to buy another laundromat it would need to be less than a 30 minute drive away. Now we're at a point where we only go in usually once a week, but there are times when we need to go in more frequently and spending over an hour sitting in traffic is no fun.

Great question! I'll make sure to answer this in my upcoming content.