@Byvägen yeah we toyed with the idea of adding something more. It is all going to depend on the area you are in. Some areas that simply won't be a good a idea. I have seen places in SF with a bar on the otherside. Going ong to depend on the location, space, and most importantly the type of clientele. The biggest thing that put us off was the liability. For insurance purposes you have to very specific what they are renting. You want to rent just the space they using. That way you dont have patrons using folding tables as places for the coffee and etc.. So as soon as they walk away with that coffee or taco everything else becomes your liability. Drop the coffee on a running kid. It's in your business then. Slip and fall after buying the coffee, it's in your business. Leave on a or have a faulty piece of machinery burns your olace with there's. Insurance won't cover it b/c you didn't let them know. If you did you are going to get hit with the premium increase. If you have the space to put up a wall that makes since. At that point just add a separate entrance. Every person I talked to advised against it unless I could wall them off in someway.

@@jamalpeoples3736 I've always thought it would be a good idea for some laundromats to add a play area for mothers so their little kids could be occupied while they do laundry. A laundromat attached to a grocery store or gym would also be a good idea, then people could shop/exercise while their clothes were washing.

@@WindWipper a play area is a horrible idea. Liability is the the name of the game. No added cash value, yet tons of opportunity for injury.. In and out is the way of a laundromat. Anything that keeps them there longer is bad. Are they going to stop shopping or exercising to change their load? Are they going to get out of a line at the deli counter to put clothing in the dryer? Are they going to jump out of a zoom class to check and see if their dryer has stopped. Are they going to skip the shower? You need something were they can step away quicker check in a couple of seconds and get back to what they are doing. Bars and coffee places work if they are separated and you can just walk thru a door. Gyms and grocery stores would crush your laundromat especially during peak times. A ton of laundry just sitting in machines not making money. Location, cleanliness, safety, and working machines is whats needed in a laundromat. Almost everyone has tablets and phones for media consumption. You would be better served adding comfortable seating more charging outlets and teaming with a company that will give free movie codes with ads as long as they are on your wifi. Would cost very little, add almost nothing to overhead or liability.

@@jamalpeoples3736 Ah, makes sense. I was just thinking that some parents bring their little kids anyway, so why not give them a small place w/ a table to color coloring books, play w/ small toys, that sorta thing. Might make them more likely to return business. Providing wifi would be a good idea. On the other stuff... i guess you're right, not everyone is as conscientious as me about time. ; )

Did you partner with any businesses in the area? I know for drop off service, this could lead to a lot of profits if there are other local businesses like restaurants or hotels that dropped off to the laundromat

Generally seems like people with worse parents end up extremely successful or extremely unsuccessful, wonder what the factors for that are. Certainly seems like that should be different though. It's an interesting problem to solve because you can't just take kids from their parents and letting the parents do as they wish disadvantages some kids.

Lol right

@@compactcow there's some people that grow up in a bad situation and it motivates them to do better while other people to think that that's just a lot they have been dealt in life and stay that way. I wish there was a solid way to determine how to make more of the one type

Lucky you

@@kjjunior7918 easy for me to to, not so quite for others.

It doesn't surprise me

It had a boobie on it...

Looks like a lot of work for about $800 a month. But a profit is a profit is a profit.

@@wkjeom to be fair, he's in ohio. Places like NYC would have a greater profit due to higher cost of living. ANd THAT's what it's all about. Cost of living.

Thank God that you have a means of Living ; While giving a good service to others. Will 🙏 pray for you and hope the criminal element stays away from you. THANK YOU FOR SUPPORTING YOUR COMMUNITY WITH AN ESSENTIAL SERVICE...HANG IN THERE...TRUST GOD... PROVERBS 📜 3 VS 5 THRU 7...

KennPlayz ha my mechanic for my car died

I taught his brother was his repair guy

Chris Smith hilarious! super sad Tragedy = funny ha ha

@@ev6304 thought so to.

Yea its 2020 but why not use a different word instead of "Died" or is "Dead". There's no respect or empathy at all

There's a complement in there, right?

It has not been, it will be.

@@InvestmentJoy Absolutely! I mean, I dont think anybody deliberately searched for laundromat videos, yet here we are every upload just waiting to hear what wacky things happened this time! Also, seeing the nuts and bolts of the business side has been hugely educational. Most property investors and managers on youtube tend to shy away from such detailed breakdowns of monthly revenue which is sad because its an invaluable tool for aspiring small business owners. Keep up the good work, and hopefully the next video or two we will get to see the new laundry equipment!

Reminds me of my PTSD inducing days as a vending machine owner. Glad I sold in January pre-pandemic.

@@InvestmentJoy I always thought about buying. a laundry mat, so I just subbed to you and I'll have a great time watching this series :)

Why the gloves?

@@SirRickyMcD lol

@@SirRickyMcD germs

I think he mentioned that he carries when he gave Meet Kevin a tour

yep!

You have been one of the few who said something worthwhile. Thanks

Any business that is brick and mortar, is much more lucrative if you own the property for so many reasons. The main one being taxes.

@@BreuckelensFinest No. The main advantage is not having a property squatter demanding a bigger and bigger cut of your profits!

@@David-lr2vi That's why you wanna draw up a contract for rent

@@David-lr2vi That doesn't even make sense. Why would you open a business without a contracted rent lol

Me too

I just checked, it was a dude that looked like post malone so he got the nickname

no

He's being sarcastic

Jacob Kresky if you knew what city this is in to say you don’t feel safe anywhere in it is ridiculous lmao. A grandmother could walk downtown at night and be completely safe

@@neotheone47 which city ? Lol

@@trustnobody7618 clitville

Needs a gun or something

@@neotheone47 what city 🌆? Compton?

familiar with them. A convenience store next door to my old building was in an area of high-rises and older apt blocks. You went in there and "loaded" your laundry card with bills/coin, or cards - debit and cc. Very convenient, very secure. No vanadalism of any of the machines on this paycard system at all. Losers. Losers. Losers. Thieves, vandals, making life difficult for everybody else.

This is what my apartment complex does in Rancho Santa Margarita, CA and it's so much better than coins.

Like old token machines, and since you canKt use that anywhere else folks are always coming back to use up that last bit then add more on to finish and the cycle repeats.

Guilty people always look for cameras

I would look into a security company that can monitor the cameras there remotely. Yes, it would be an added expense, but if you keep getting breaking into, and your equipment gets damage, you can't be at that site 24/7. Especially where he said he is having newer equipment installed, you want to keep those machines up and running. Plus, and another HUGE factor, if people don't feel safe in your business, they will stop coming. Bad neighborhood or not, something needs to be done here. Just a thought. Great video though, I love him emptying the machines and collecting all the change, I wished I could do that. :)

You missed the video where they stole the you're on camera sign.

@@InvestmentJoy Oh...

Investment Joy lol

Lol he motivated me to start my own business, next month it’ll be a year for me

Steve La Dedha 🧢

Well. No wonder everything there is breaking now.

Glad you do

There's a small town in Texas also called Chillicothe that I used to drive through when heading west to college, I had no idea that there were more Chillicothe's out there

I live in Chillicothe Ohio as well and stumbled upon this life’s crazy 🤣

I thought this looked familiar

We have a few now.

What exactly is an extractor?

I'd believe it.

Bro he made way more than that. It’s a cash business. You think he reports all that on his taxes? Yeah right. He made this video for the IRS.

These rappers need to watch this video

That's after he paid all costs outside the laundry mat also. IE: His mortgage, regular bills, etc. Considering he only needs to come in once a week to collect and it pays for his life as well as itself (most of the time), if he has another full time shop/job then he's making good cash. Also, considering his mortgage, it's cheap where he lives so yeah. He's doing just fine.

all that matters is that your money is working for you.

@@Yaahboi52 same thing ur moms tell me

Yay

If you want more strange recommendations, check out GeoWizard. He walked across Wales in a straight line last year.

can imagine how expensive that would be

I don't find it strange at all. He's just showing us a business he runs?

@@Dakid015 And as I said, I'm alright with it.

very good book

or technoblade refrence

I think it was originally in the ten commandments

Asian parents be like

@@tomholmes5242 Just like the saying 打是爱 Which means they beat you because they love you

Hey question for you or your buddy I want to hire someone but how do I do so? As in paper work and taxes for them or does that not matter unless it’s a company? Can I just pay them cash or direct deposit? Thank you if you respond

his car wash's are making good money though it seems.

😁😁😁

same here. only 800-1000 dollars a month isn't much at all. guess I'll stick to my day job that brings that amount home every week.

@@tribulation138 that's 800-1000 passive income though. you're trading more of your time for money, he isn't. the most he'll do is check up frequently.

Got to get up either early in the morning or after the Laundromat is close to do the stocking, cleaning and collection work. Plus, vandalism is a negative to your cash collections. I think it a tough business especially in rundown neighborhoods.

@@Agent77X too each their own

Yay

In IT we it call it the 'Technical tap'.

The most out of pocket comment I seen

I thought the same thing

He must be getting rent, he wouldn't pay rent and a mortgage on the business.

@@LikeSilver1 - Yeah. Renting out a space next door maybe?

@@joesmith3501 my thoughts exactly, if you look at the thumbnail it looks like there might be an something attached to the business.

Yeah something add up

weigh em

@@drundbro12 Yep, that's what I did as a manager with BBB; weight the bills and change of six registers in 15 minutes.

DO NOT GO AROUND TELLING PEOPLE THAT

Lol I tried leaving this video a couple times

Asmr

🤣🤣🤣😂😂😂

We did 😂😂

Valuable life lessons, from one generation to the next 👍🏽

Lol

Hope it works out for you!

Oath, let the bastards suffer the guilt of everyone knowing what they did

Little shits. Public humiliation works every time

why

It's true, the money is there. I helped my dad run his laundromat. I would use to a 5 gallon bucket and almost fill it with quarters from all the washers and dryers, I would quickly do it when nobody was there. When my dad would have the time he would count all those quarters in one or two buckets full.

@Chet Muggins: Many times I only had time to only get to two rows of washers or dryers before people would come in. It would take about two or three weeks to fill a 5 gallon bucket of quarters which we would count and put in cloth sacks to take to the bank.

@Barack Obama 1964 quarter. omfg yes!

Me too

Has a very Vegas-esque appeal to it, yep.

strip clubs are closed what are you gonna do with $35 in singles?

@@jeffhooper3447 more for security like how someone managed to jam a knife into the coin tray they needed to know how the coin tray works

@@jeffhooper3447 Buy drugs? Addicts will do anything when desperate and dealers aren't big on credit cards, I hear.

@@irishg357 shitting me they take it on cash app lmao

Thanks, you too!

Hol up

🤣🤣

Thanks! So far so good, nearing year #2

@@InvestmentJoy hey, didn't mean to come across rude....I'm genuinely concerned about safety, you're a funny guy and creative. Just concerned...that's all!

smart man , it’s true

And Onlyfans was created 😂😂😂

@Carrera First you're young aren't you?

Yes that is legitimate business.. which blew my mind that a company would come on weekly basis to clean& swap out company door mats when work for the hospital

Thanks!

Same

I have been to

Do you think it's worth it in CA?

@@randomdude3646 I don't know much about income producing businesses like this. I mostly sell apartment buildings and assets like that. But the business model of a laundromat has intrigued me. When buying or starting any business, I would look strongly at your lease. If the landlord will not give you multiple extensions with built in increases of 1-3% per year, I would stay away. Imagine after two years of finally getting your business where you want it, yet, your lease is garbage, your landlord bumps your rent 20% because "you're successful now, you can pay more" is not a strong position to be in. Hope that helps a little.

@@robwithrbk ok thx

The problem would be having to order in more and more tokens. Limited number means limit sales. Some people may keep the tokens. Also its never good to keep your eggs all in one basket

Kaelan Corpus if someone keeps the tokens you make more money? I’m sure a token doesn’t cost 25 cents

@@ohioalarms8364 gotta keep replacing tokens. Not worth the extra effort. Plus when u run out u cant make anymore money until you restock the machine

@@KcTc344 I know this is 5 months old but agreed, going cheap 95-98 percent of the time is never worth it, sure tokens may be cheap as heck to buy but when you run out for any sort of reason ya can’t make anymore money money til you get more Their was this one laundry mat I used to go to where they had cards you upload money onto threw a machine and you used the cards for the washer and dryer, that seems like more of an efficient way to cut down on money in the building

@@zacharysolano6375 cards do sound alot cheaper to replace than tokens👍and it doesnt have a refill limit like the tokens

Collage..

collage...

Collage....

not when you are skimming off the top its not

When are you making new videos!!!