My Laundromat Has Made $132,568.22

  Рет қаралды 156,092

Investment Joy

Investment Joy

Жыл бұрын

I have laundromats down to a science. If you want to do laundromats as well click the link:
investmentjoytraining.com

Пікірлер: 145
@TheRm65
@TheRm65 Жыл бұрын
It never hurts to be nice to people and listen to them. Many years ago I gave a guy a free cup of coffee and it saved my life.
@iceman6518
@iceman6518 Жыл бұрын
Why had nobody asked how this is a story I would like to know HOW? Please tell it's part of your life and important. And I believe not to just you Edit is : has ,as in why has not had touch screens happen.
@jbreezy101
@jbreezy101 Жыл бұрын
For my work I had to watch videos on good customer service "techniques" and you doing the coke thing and free quarters really goes a long way. It's a small loss but if you can retain clientele this way, you'll make even more!
@mr.channel6467
@mr.channel6467 Жыл бұрын
Ok so the person that you gave coffee too was going to kill you? ELABORATE
@featherpayne
@featherpayne Жыл бұрын
I feel like my soul would love to hear this story. ❤ please share.
@realrealonerealrealone2182
@realrealonerealrealone2182 11 ай бұрын
A little dramatic, don't you think lol😂
@EdwardBrown
@EdwardBrown Жыл бұрын
These videos are surprisingly wholesome. The way you speak to customers & speak in general contributes to a warm atmosphere! (I am seriously considering opening a Laundromat all the way here in UK!)
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Thanks! I try!
@mnm2072
@mnm2072 9 ай бұрын
❤❤❤
@ericduggan1520
@ericduggan1520 6 ай бұрын
How often do you collect the money?
@michaelferriss4594
@michaelferriss4594 Жыл бұрын
If you can help that guy out, that is the greatest joy of being an investor. Helping people out is where you make the $, just problem solving. Made me happy to see this. People often hate on Investors and Business people, without looking at the problems they solve and the way they help people.
@rob-toolsandtech2521
@rob-toolsandtech2521 Жыл бұрын
Great video, Brandon. I think the reason I like your videos so much is because I can see myself doing a lot of the same types of things. I’m your 2nd place Black Friday winner. I’m excited to talk to your team.
@williamdegnan4718
@williamdegnan4718 Жыл бұрын
Consider contracting with a vending guy for %. Have him install a combination merch/beverege machine including convenience store items? It seems that your laundromats in a food desert. I'm thinking that if you had Hot pockets, burritos, milk, juices and other things Not only would your vending revenue go up but it might be a traffic builder for the laundry. I would be tempted to do it myself if I were the laundry operator but in order to have fresh items in the vending machine it really takes a vending route to spread that stuff around and not have inventory go bad. Besides who needs more work to do?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
I'd be doing this if I I didn't have a YT channel, it's one of those things where i'm trying to DIY it on my very limited time schedule.
@xavierclayton9990
@xavierclayton9990 Жыл бұрын
First video I've seen from this channel. Subscribed and now to binge watch. 😎
@lakecityransom
@lakecityransom Жыл бұрын
Might as well show up to the bank with your super hero cape and deliver untold buckets of quarters on them LOL!
@gabrielpeterside328
@gabrielpeterside328 Жыл бұрын
Very inspiring. Thanks Sir
@YOUTHINKYOUREPOPULARCHANNEL
@YOUTHINKYOUREPOPULARCHANNEL Жыл бұрын
Good stuff Brandon.
@johngrefe2232
@johngrefe2232 Жыл бұрын
for getting your counts quickly, you need a counting scale. put the bucket on and zero. put in 20-50 mixed era quarters and punch in the quantity value. now you can rapid fire count. we counted multiple stores inventory and drawers like this every other night.
@OldMajor
@OldMajor Жыл бұрын
LMAO... the Bank ran out of Quarters! Must be Wells Fargo!
@Chorizo1
@Chorizo1 Жыл бұрын
Thanks for the video 👍🏻
@Rexfreelen4212
@Rexfreelen4212 9 ай бұрын
Awesome video Brandon
@chinsanity9313
@chinsanity9313 Жыл бұрын
Love the coin counter setup. That’s clean af
@iconiclegendoftheworld
@iconiclegendoftheworld 11 ай бұрын
i started watching you 3 yrs ago and I remember wen you didn't have too many followers but you were growing- came back after a long time and so happy to see your channel at 1.6 million!!! Well deserved !
@YOUTHINKYOUREPOPULARCHANNEL
@YOUTHINKYOUREPOPULARCHANNEL Жыл бұрын
Im ready to push to get my own Laundromat in due time. 👍👍👍👍👍👍👍👍👍👍👍👍
@Josiah-ms4um
@Josiah-ms4um 10 ай бұрын
Keep it up and you'll get to $1,000,000 probably soon!
@spokanetomcat1
@spokanetomcat1 10 ай бұрын
2000 Sac dollars are called Cheerios Dollars and in mint condition as much as $5000. Other than that they are in the hundreds of dollars range. They were put in boxes of cereal to promote the new dollar. If the eagle has defined tail feathers, you have one. Only 5500 were minted. Only a few hundred have been found.
@Paw95
@Paw95 Жыл бұрын
I would love to do this down here in Scioto county!
@Bo_Hica
@Bo_Hica Жыл бұрын
So around$5-$6k/month (roughly) what's the overhead?
@haldunatas
@haldunatas Жыл бұрын
09:10 video car washing Adana/ Turkiye. I've noticed that from license place and Fiat Doblo vehicle
@patscott6804
@patscott6804 Жыл бұрын
Being nice to people is good business
@MattMorris481
@MattMorris481 Жыл бұрын
I really hope you carry concealed if not you need to.
@trojanette8345
@trojanette8345 Жыл бұрын
An old video, I know. However, I'm just curious if you made a follow-up video to your interaction w/ the bank? Just wondering.
@nocram1975
@nocram1975 Жыл бұрын
If I was the kid upstairs dad I would buy loads bits from the vending machine with nickels and get him to resell them to his friends even if he sold at a loss it wouldn't matter as he gets the nickels back anyway effectively getting free stock to sell for pure profit. Start him young on the way to business life
@ParthPatel-lc7eq
@ParthPatel-lc7eq Жыл бұрын
How do you deal with jammed changer? How do customers reach you and how do you know they aren't lying.
@cadenfreelen6429
@cadenfreelen6429 Жыл бұрын
You rock #investmentjoy
@StonerJames
@StonerJames 10 ай бұрын
I lived in Minnesota back in the 80s-90s. Moved back home to Norway now. I haven't been back since but when I left in 96, it was only $0.45 for a can of pop from a vending machine. I was shocked that they now cost $1.50. Knowing how terrible the minimum wage is, (less than $20 an hour) I'm surprised that people can even afford to pay that for a can.
@normieslayer1169
@normieslayer1169 8 ай бұрын
In the Philadelphia area the cheapest can of soda from a machine I can find is 75¢ ($1.00 average), looks like the Pepsi machine is filled with bottles. $1.50 for a bottle isn't that bad considering that the average in my area is $2.00.
@Rusty_Gold85
@Rusty_Gold85 Жыл бұрын
why do you get cheques for wages? Why dont they pay straight into bank account ?
@gr84x4
@gr84x4 11 ай бұрын
How often do you find silver in the quarters???
@alecbarker8543
@alecbarker8543 Жыл бұрын
Are coin pushers legal in Ohio? I was trying to read up on some of the rules for games and couldn’t determine if they were.
@jdtayloruk
@jdtayloruk 10 ай бұрын
Just out of interest would credit card readers boost your income?
@rolandosoto4403
@rolandosoto4403 Жыл бұрын
I would like to do this in conecticut new haven area
@bgskr9633
@bgskr9633 Жыл бұрын
I have $94k cash+multiple bank savings accounts. Is it possible to purchase a laundromat or will i need a business loan
@jimmyssnowremoval1075
@jimmyssnowremoval1075 4 ай бұрын
I’d be interesting to do a video of a coin collection in a large downtown city of a laundromat.
@JustPlainRex
@JustPlainRex Жыл бұрын
You should consider opening up a arcade
@rexhenkle3377
@rexhenkle3377 Жыл бұрын
Brandon if I'm not mistaken SS,, SSI, and SSDI recipients get paid on a Wednesday during the month. Depending on I think your name or SS number is what dictates which Wednesday. I know for sure SSDI works that way.
@yagirlyonna133
@yagirlyonna133 Жыл бұрын
They get paid on the first of the month doesn’t matter what day it is, it’s always the 1st of the month
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@yagirlyonna133
@CS-qc7np
@CS-qc7np Жыл бұрын
I work as an intern at our local department. For our state recurring SSDI benefits are on four days throughout the month. The 3rd of the month and on the second, third and fourth Wednesdays of the month. The caseload was too much so, I became an educator instead while building my portfolio.
@davidbrothers3788
@davidbrothers3788 Жыл бұрын
Have you gone in there and the place was full? That would be a lot of quarters to give away
@criticalthinker7822
@criticalthinker7822 Жыл бұрын
Respect
@alifputra9985
@alifputra9985 Жыл бұрын
you know that there are scales that can count by weight right?
@MrEndzo
@MrEndzo Жыл бұрын
Makes me think Of John D Rockefeller giving quarter.
@sonnygower8242
@sonnygower8242 Жыл бұрын
If this hole in the wall laundrymat can make 132K ANYONE can open their own place!
@giantsfan8872
@giantsfan8872 10 ай бұрын
Yea but it takes alot of money to start
@user-gz2bw6fx9i
@user-gz2bw6fx9i 2 ай бұрын
Is the coin pusher money per week or month?
@danielchouinard2046
@danielchouinard2046 Жыл бұрын
Have you ever considered cards to upload $$ instead of quarters? So prefer cards then so many quarters
@SundayFoggyNotions
@SundayFoggyNotions Жыл бұрын
It took decades, but our place FINALLY got upgrade to card laundry machines, and a card scanner, to put money on the cards digitally. The matching app that shows which machines are in use WITH the timing left on them LIVE, are a god send to say the least!
@InvestmentJoy
@InvestmentJoy Жыл бұрын
I have, the cost right now would be like $12k to do the laundromat with cards which is high. Trying to work a deal with a company to let me test their equipment on the channel.
@SundayFoggyNotions
@SundayFoggyNotions Жыл бұрын
@@InvestmentJoy OH!! I forgot to mention! Our cards START at a bare minimum of $10 per customer when loading them. So the bulk of the investment would be instantly returned with every card loaded. So, you would need 1200 customers to get your $12K back or half 600 if they do $20. Even if you stretch that out to year or so, the matching software app convince makes it a quick sell. Every card has a unique code that you use to login online, to check your balance remaining.
@jbreezy101
@jbreezy101 Жыл бұрын
Definitely seems from the 4-5 replies that this would be a worthy investment even if you get quarters from a debit card. Especially if you can get a discount for the initial installation and equipment
@scorpioncam4219
@scorpioncam4219 Жыл бұрын
Do you check your coins and bills for missprints and rare things?
@jbreezy101
@jbreezy101 Жыл бұрын
At first glance he seems to pick up on those a bit... Hard to find every one of them but seems like he picks out things he notices
@scorpioncam4219
@scorpioncam4219 Жыл бұрын
@@jbreezy101 yea but like some quarters can be worth 100-1000$
@seanw4759
@seanw4759 Жыл бұрын
How much do you charge per play on your arcade?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
50c
@gta5code0rps56
@gta5code0rps56 Жыл бұрын
High 60s low 70s LOL 😂
@gta5code0rps56
@gta5code0rps56 Жыл бұрын
@@InvestmentJoy_ omg you replied I love your videos sooooo much. Bro
@suki_2.0_
@suki_2.0_ 11 ай бұрын
​@@gta5code0rps56no he didn't
@star-gs9kh
@star-gs9kh Жыл бұрын
How to buy a laundromat or car wash?
@douglasfoley2060
@douglasfoley2060 Жыл бұрын
You made 132k but can’t fix that cracked window on the door???…….lolz 😂🤣😭
@jeffreyvonstetten5852
@jeffreyvonstetten5852 9 ай бұрын
1637.00 per week then correct?
@siyondesai7159
@siyondesai7159 Жыл бұрын
What's the total for a month on an average
@rudrapatel300
@rudrapatel300 Ай бұрын
Do you know where i could get a decent coin dispensor.
@bart1meuz
@bart1meuz Жыл бұрын
Question, wouldn't it be a lot more efficient to put credit card readers on all the machines, then replace the quarter machines with other revenue streams? I'd do a poll first for your clients to see if they would be ok with that change.
@moonchildasmr1
@moonchildasmr1 10 ай бұрын
I go to a laundromat like that. It is on a card system, almost like a library card where you put money on it to scan the washers and dryers. You can also have an app that tells you how much money your card has and you get notifications when the washers are done. But if you have quarters there's also a slot for it. And that's the kind of laundromat I want to run.
@jamesnelson2217
@jamesnelson2217 7 ай бұрын
“ I trust you , you look like good people” that was mad weird you dont need to say that . I would say “id like to help you and help your family have a great week! “ “Thank you ill see you soon”
@Unconventional_Investor
@Unconventional_Investor Жыл бұрын
Do filter out silver quarters?
@time2fly2124
@time2fly2124 Жыл бұрын
silver quarters are worth around $2, even in poor condition. they were only produced through1964.
@Unconventional_Investor
@Unconventional_Investor Жыл бұрын
@@time2fly2124 yeah but as much quarters as he goes through I bet it's crossed his mind haha
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@time2fly2124 About $4 currently
@sircampbell1249
@sircampbell1249 Жыл бұрын
You do know you can weigh coins to count them ?
@brianleitch9910
@brianleitch9910 Жыл бұрын
that's the banks problem that they ran out of quarters not yours.
@georgegonzalez2476
@georgegonzalez2476 29 күн бұрын
Sorry if I missed it, but it would be much more helpful to see not only the income but also what you pay in mortgage, interest, taxes, insurance, maintenance, depreciation, and utilities for the same time period. Just hearing $132,000 isn't very helpful.
@YOUTHINKYOUREPOPULARCHANNEL
@YOUTHINKYOUREPOPULARCHANNEL Жыл бұрын
I have Quarters if you like.... LOL ! ! ! ! ! ! ! ! ! 😅😅😅😅🤣🤣🤣😂😂😆😆😅😅😅😅😅😅
@user-no5oe6fm7f
@user-no5oe6fm7f 3 ай бұрын
Please send me some quarters Marty. Thank you lol
@biniyamkashun6090
@biniyamkashun6090 7 ай бұрын
Ethiopia, Tigray
@StonerJames
@StonerJames 10 ай бұрын
How the f does a bank run out of quarters? That's like the House of Pancakes running out of syrup. I hope you're smart and sell them each $10 roll for $12.50. I would. I definitely wouldn't sell the bank a $10 roll for $10.
@Antonioca
@Antonioca Жыл бұрын
Can I ask questions how much a laundromat cost water and electricity
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Mine is around $700/mo for both
@Antonioca
@Antonioca Жыл бұрын
@@InvestmentJoy what kind of loan do I need to open a laundromat
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@Antonioca There's multiple ways to do it, factory finance, SBA 7a, seller finance, or alternative take over like a lease takeover.
@trevorwalsh9443
@trevorwalsh9443 3 ай бұрын
Add a Convenient store to your laundromat.
@davefromthe502
@davefromthe502 Жыл бұрын
I thought about purchasing one passive income
@LuckyScratchersSlots
@LuckyScratchersSlots Жыл бұрын
Do you find silver coins? How rare are silver in circulation?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Maybe looked over 50,000 quarters this year, found 6 or 7
@LuckyScratchersSlots
@LuckyScratchersSlots Жыл бұрын
@@InvestmentJoy nice. Do you keep the silver?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@LuckyScratchersSlots yep
@NotYourAverageLady
@NotYourAverageLady Жыл бұрын
That $2 Bill looked nice and flat then that dude folded it AND creased it! It could have been worth more than $2 dude… but I guess $2 is better than nothing.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
I have around 1,000 of them to give away
@NotYourAverageLady
@NotYourAverageLady Жыл бұрын
@@InvestmentJoy Nice! Were they randomly collected or did you get a stack at the bank?
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@NotYourAverageLady ordered $2k from bank, all new and sequential
@NotYourAverageLady
@NotYourAverageLady Жыл бұрын
@@InvestmentJoy Wow! That's a nice stack. They gotta be so crispy.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@NotYourAverageLady very much so
@jeanlujan6129
@jeanlujan6129 Жыл бұрын
Man I wish I had somebody to help me invest in one of these but unfortunately I live in what else and nobody around here wants to help anybody
@InvestAndGrow2020
@InvestAndGrow2020 Жыл бұрын
Stop thinking like that
@AlphaBDiallo
@AlphaBDiallo Жыл бұрын
Stop wishing for handouts
@jeanlujan6129
@jeanlujan6129 Жыл бұрын
I wasn’t! The guy for investment Joy got somebody to give him the laundromat at a reasonable price or let’s see a trailer park at a reasonable price and he built it from there he got help that’s all I’m saying don’t get panties in a twist people
@SuperHawkVTR
@SuperHawkVTR 10 ай бұрын
Have you ever been offered to launder money by a criminal organization
@onigiriworld
@onigiriworld Жыл бұрын
Another business tip, always look for minority ridden communities
@katherinegarcia3256
@katherinegarcia3256 Жыл бұрын
I work in a laundromat. We have a person on duty from open to close. So we do wash, dry, folds while we're there. How do you do it if you don't have someone working? Please let me know. I want to take your course on how to open a laundromat of my own. So please let me know how you're doing a drop off service without a worker to do it. Thanks
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Commercial drop. Off clients have the code to access the drop off office
@katherinegarcia3256
@katherinegarcia3256 Жыл бұрын
@@InvestmentJoy So who's doing the drop offs if you have no employees
@rusty7054
@rusty7054 Жыл бұрын
Hey man, really random but (including me) a lot of people get irritated when they only hear things out of one ear. I mean, I absolutely love the content and you as a channel, but I don't know if that's a post thing but it just hurts.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
I'll mention this to the editors I don't understand why the audio isn't working right
@richardchayer6597
@richardchayer6597 Жыл бұрын
Hello
@InvestmentJoy
@InvestmentJoy Жыл бұрын
hi
@shinobihelper
@shinobihelper Жыл бұрын
thats not even accurate why even do it that way?
@time2fly2124
@time2fly2124 Жыл бұрын
i know you weight the giant buckets to figure out how much everything brought in, but if you were wanting to do an individual washers total, then getting a cheap 12 lb digital scale from wal-mart would be better than guessing on a "volume" of quarters.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
We address this in a future video via bluetooth scale. One of the guy just records the numbers as they dump into the bucket-on-a-scale and we're good to go.
@jeffdorris5321
@jeffdorris5321 Жыл бұрын
Hit the like button 👍
@mixalismak100
@mixalismak100 Жыл бұрын
LoL !!!!!!!!🤓🤓🤓🤓🤓🤓
@dan49781
@dan49781 Жыл бұрын
Gross or Net?
@InvestAndGrow2020
@InvestAndGrow2020 Жыл бұрын
Gross
@Ronaldogoat571
@Ronaldogoat571 3 ай бұрын
100k
@jagsfanrick
@jagsfanrick Жыл бұрын
6 or 7 years i doubt cash is around. Gonna suck too IMO.
@jbreezy101
@jbreezy101 Жыл бұрын
A credit card machine wouldn't be remiss.
@gooddaysunshinefl
@gooddaysunshinefl Жыл бұрын
I think it will just switch to a credit card machine. Laundromats in my area are all like that now. Pretty convenient!
@30Secondzzz
@30Secondzzz Жыл бұрын
Do you inspect all your quarters to try to find rare ones?
@louiee4837
@louiee4837 Жыл бұрын
I don’t think he waste all his time on it cause he gets 1000s of quarters every month
@30Secondzzz
@30Secondzzz Жыл бұрын
@@louiee4837 I mean if you know what you’re looking for wouldn’t take long, it’s a double whammy
@KingofLaundry
@KingofLaundry Жыл бұрын
You might be surprised, you can "hear" the silver like it was a dinner bell.
@InvestmentJoy
@InvestmentJoy Жыл бұрын
As danny said, you can 'Hear" the silver when it drops in a bucket. I can't imagine I get 100% of them, but I found a dozen silver quarters in 2022.
@famousamoso7
@famousamoso7 Жыл бұрын
@@louiee4837 Technically all the quarters are recirculated. Well most of them. You change your cash to coins then use the coins in the machines, then he empties the machines back into the bill changer.
@rantallion5032
@rantallion5032 9 ай бұрын
what is the net?
@GrammarPoliceInvestigations
@GrammarPoliceInvestigations Жыл бұрын
And my expenses were : $132,568.21
@InvestmentJoy
@InvestmentJoy Жыл бұрын
Next one will be a proper p&l breakdown with excel
@JJ-gq6sf
@JJ-gq6sf Жыл бұрын
@@InvestmentJoy hey Brandon, please can you also remind us how much capital you needed (especially the cost of the machines and installing them... the rest of the capital is easy to estimate, and is dependent on premises location, and how you decorate the place, which is variable and up to a new business owner.)
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@JJ-gq6sf out of pocket was near zero for the first 2 years. On the equipment loan of $95k, plus infrastructure (plumbing and electrical) I paid $2,997 in loan costs, from laundromat cashflow. To purchase the laundromat it was $85k, with $70k as seller finance. Used hard money at a pretty reasonable rate (considering current rates) to loan 100% of the money down, plus another $25k in initial rehab money.
@JJ-gq6sf
@JJ-gq6sf Жыл бұрын
@@InvestmentJoy thanks Brandon, it really helps to figure out what is possible! GBU bro
@InvestmentJoy
@InvestmentJoy Жыл бұрын
@@JJ-gq6sf
@tasobouzinelos8027
@tasobouzinelos8027 Жыл бұрын
Hey Brandon, you should do a collab with @derrickwith2rs
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