The Pros and Cons of Owning A Laundromat Business

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The Pros and Cons of Owning A Laundromat Business

Рет қаралды 13,821

Laundromat Resource

Күн бұрын

Пікірлер: 26

@gregstuder6495 6 ай бұрын

If you have issue with homeless, you can take the high road and have a sheet of places to get help. It is hard to deal with them but they may just need direction.

@panama-canada 2 жыл бұрын

You cannot run them hands off. Things break all the time. You need to be hands on.

@aliawells 2 жыл бұрын

Thanks so much for the info!!!

@KevinNatale Жыл бұрын

Do you recommend 24 hour service or is there any data to suggest that a standard 6am-10pm works just as well

@filleeepehtehhehduh4050 6 ай бұрын

How far do you live from your business? Do you have staff to open, close. Maintain?

@tweentiff 3 жыл бұрын

What's the monthly % of costs for laundromat: utilities, maintenance, payroll, etc.?

@LaundromatResource 3 жыл бұрын

They all depend on the laundromat and a lot of various factors (location, equipment age/condition, etc.) but generally speaking you can expect 15-20% for utilities, 5% for maintenance, 25-35% for payroll, 25-35% for rent.

@ballsachotdog 2 жыл бұрын

@@LaundromatResource so worse case scenario your pocketing 5% before taxes?

@LaundromatResource 2 жыл бұрын

@@ballsachotdog is more complicated than that because you’ll have items like depreciation/etc. that will effectively show your income as much lower or even zero on paper. I’m not a tax professional but I good one can help you figure out how to minimize your taxes legally so you pocket more of your money

@efrenguzman9961 2 жыл бұрын

What’s the best place to buy equipment?

@LaundromatResource 2 жыл бұрын

Your local distributors for the different brands would be the best place to start

@dgreenapple Жыл бұрын

What about the challenges of finding a bank that's willing to help you manage a ton of cash and, worse, a ton of coins? Many banks aren't interested!

@LaundromatResource Жыл бұрын

Typically you just recycle the coins back into the change machines so you’re just bringing in cash to the bank. Any bank that works with businesses won’t have a problem dealing with cash deposits. You can also use digital payment options in place of, or to supplement, coins

@scooter10421 Жыл бұрын

Is it safe to collect the coins yourself?

@LaundromatResource Жыл бұрын

My laundromats are in some of the roughest areas and, knock on wood, I haven't had any problems collecting. It is wise to take precautions though, as things can happen. Vary your collection times, collect when other people are present, do as much as possible behind closed doors, etc.

@davidbrakefield188 Жыл бұрын

Carry a gun and be prepared to use it.