I was thinking that having a well lit public area with visible camera monitors tends to make people feel safer and more likely to walk around the place then to stay by the windows. A sun/moon roof in a laundromat, or a gazebo area might be a draw to the public too.
I work at a sports venue company and see this all the time, people will jump in the first queue because it's closest even if it means they have to wait longer rather then spreading out
When 5 people lived here using all the electricity, especially using washer and dryer, power bill was easily $400 month. Curious see your utility bills vs profit. That's the real story of how profitable it is.
When I go to the laundromat, I bring a stack of $20 bills with me, and keep feeding them into the quarter changer. While waiting for my clothes, I go through all those quarters looking for a silver one, they're worth about $4.50 each. Doesn't cost me anything but time and effort.
Jesus Loves you Matthew 11:28 come to me all who are weary and burdened, and I will give you rest. As well as Romans 6:23 for the wages of sin is death but the gift of God (Jesus who died on the cross for our sins) is eternal life. As long as you put your faith and trust in Him.😊!!!
@@dorcasbockelman2392 Jesus Loves you Matthew 11:28 come to me all who are weary and burdened, and I will give you rest. As well as Romans 6:23 for the wages of sin is death but the gift of God (Jesus who died on the cross for our sins) is eternal life. As long as you put your faith and trust in Him.😊!!!
Neat little trick for 1964 and before, if you look at the ridges, the silver ones will be solid silver while the non silver will have the copper part showing. So looking at a stack of quarters will be pretty fast for finding the silver ones just by looking at the ridges first, then confirming the dates.
I had to bring my comforters/large bedding to the local laundromat last spring to get them ready to store until needed. There's no way that I could wash them at home, even with a decent capacity front loader. These are king sized bedding. Luckily the laundromat had two of those GIANT washers.
Jesus Loves you Matthew 11:28 come to me all who are weary and burdened, and I will give you rest. As well as Romans 6:23 for the wages of sin is death but the gift of God (Jesus who died on the cross for our sins) is eternal life. As long as you put your faith and trust in Him.😊!!!
Dude that's such a great idea. I brought mine to the cleaners (didn't know what else to do) and its was $50!!!!!! Definitely doing what you did next time.
@@JohnSmith-nj4zq Might as well require everyone who enters to scan their face or info. Otherwise you’d have to reinforce the coin pusher with half an inch of steel.
If the big washer is a good draw, you should consider getting rid of the old white ones and replacing it with another. In the long run, it would pay off. Another thing that can be a good money catch is a claw machine. Fill it with cheap prizes, and it’s almost all profit.
This is a great video for anyone considering starting their own laundromat business. The speaker covers everything from start to finish and gives some great tips along the way.
one thing i would do before dealing with the quarters or cash from the change machines is lock the door to the laundromat it might be a little inconvenient for the customers but you never know if someone high on drugs will come rushing in and try to rob you of the money when someone is high on drugs they feel like they have the energy to do something like robbing someone of their money. your own personal safety is way more important than the money out of the machines at the laundromat
I've addressed this in other videos, I've got a.....system.....for cashouts/coin collections I don't talk about, that gives me flexibility and limits my risk profile.
@@76smyt hopefully it's time goes on we can address this and about how I deal with it in business. I'm friends with a couple bodyguards and both former and active military I really do pay attention to what these people say when it comes to threat assessment
@Babyzoe91 any gun carrying is legal. The problem is cops who obey tyrants who have passed unconstitutional "laws." In law, illegal laws are called _de facto._
I won't due to being on RU-vid, there's ALOT of people that say they're illegal, and while I don't believe they are, and I could get an attorney letter stating the same, I just don't want to deal with the problems, so for 50% of the revenue, I can roll that off on someone else.
@@themomentalist I think what he’s saying is he doesn’t want to buy one only to have it confiscated and be out the investment. This way it’s money in every month with no payments.
The laundry mat I go to in my area and probably 4 others are mostly operating on solar panels they usually operate with just water expense and gas and zero on electricity since they have so many panels
This is so awesome to me. I have always dreamed of owning a laundromat since I was a kid. Lol idk why but I always loved laundromats and thought it would be awesome to own and operate one. I have been to some really sketchy laundromats in my lifetime so I always dreamed of how I would have mine set up lol.
@Nicholas Holloway LOL same here. The arcade would be amazing. But it does seem like one would lose money before they started making it 🤔? Idk I have never owned anything like that before lol.
@@gabe6394 I live in a town of roughly 45000. The only laundromat in town burnt down about 4 years ago... Maybe 5. Anyway, the nearest laundromat is in the next town at least 25 min drive away
Unfortunately, the Wash House has taken over the town where I am in. There is a Wash House laundromat almost everywhere so not able to set up shop where I'm at.
See if a 5 gallon bucket will fit under the machine. At least that way maybe you won't have all those quarters lying around at the bottom and you can just conveinently swap out buckets without worrying about them breaking. If need be put in some spacer 2x4 blocks to raise the bucket up closer to where the coins drop.
You can get even a few different container sizes that they use for grains, or storage that will catch everything for sure. Just experiment with a couple sizes and you’ll be doing great. 👍
@@sting114 pay top dollar for any business and what you stated doesn't matter. At the end of the day even a bad location can be overcome if there's cash flow which is easily achievable if you pay rock bottom prices for the business. Obviously location is important at the end of the day, but it's not an end all be all.
No matter the decisions you make, make them with "integrity". Do not make a decision solely based on the benefit or the consequence; good decisions should be based on "how" you made them not the result...
I find it fascinating that these machines aren’t all bank card operated. As a fan of physical currency its great to see that plenty of people are still using notes and coins!
The government HATES physical cash. Use it as much as you can. Also most people working retail can't count anymore so a lot of the time you will get extra charge back.
Our local laundromat just upgraded to coinless machines. Customers use another machine to purchase a reloadable card and add funds to it with either bills,credit card or debit card. They then use the reloadable card at the machines with a touch less pad like at the gas pump. No dealing with mountains of coins and the headaches of maintaining the mechanical structure to accept them. This extended family owns at least a dozen laundromats in small towns around here. They support 3 family units very comfortably.
@@jaggermurlin6343 I noticed most people are still using cash at the one card loader machine in the place, but it was all bills. Put $X on your card, and if any is left over, you can use it next time. Just have to keep the card. There is a one time fee of $1 for a card. If you lose your card, you lose whatever was loaded on it and have to pay $1 for a new one. Also, many people only use a debit card, and I don't think the fees are quite so high as for a true credit card.
"No one wants to come into a dirty laundromat." If that was only true. I use to go one that had more machines and they all work. They had TV and 2 arcade units. And it was always clean. But hardly anyone went there and I would talk to the owners never understood why cause they always maintain the place and machines and prices were better. Across the street from it everyone was there but that place had more than half of the machines broken down and it was always dirty. The cleaner laundromat ended going out of business and the dirty one is still dirty and still open.
i also always preferred the 'lowkey' laundromats where i'm less likely to run into people, even if it meant the people i did run in to were less than desirable xD
The other thing with this is you gotta be smart with the quarters you get. There are quarters out there that are worth thousands of $$$. With the most expensive over $100,000
Could you do a video on upfront costs and the process of buying a laundromat and how to avoid mistakes that you have made because I am heavily considering trying to get my own laundromat but no one have posted a clear cost vs return monthly
Keep in mind people, this is a You Tube Channel, where one makes money on views, thus interesting (Not always accurate content) is what he makes money on. Instead of just showing sales figures, you'll notice there's no full disclosure on all the expenses associated with the laundromat. What are monthly lease costs on the space, does he own the building or rent, what are the costs on natural gas, and electricity, proper cost to lease all the equipment. Don't go getting all excited people, this isn't a truly fair and transparent analysis of his business, again, RU-vidr...
Exactly, people drool over the content and get some grand idea to open their own laundromat not actually understanding the costs associated with it and just set themselves up for failure.
after watching this I still wonder if the laundromat you bought three years ago is making money. It would be helpful to know your operating expenses and overhead.
As a coin collector, my ears always listening for the tone of silver. How often do you get silver and oddities. Would be fun to see a quick vid of the everything but quarters that you receive.
Harvesting money from folks that likely have few alternatives and little to spare. That certainly doesn't look like a neighborhood that's growing its money. The coin stealer machine just clinches it.
7:40, I use those kind because they are the Cheapest ones they have to use for the Amount of clothing I wash. A Wash and Dry for me is only $4. If I use the Same Equal Size Upright, my Wash and Dry is now $8. And now the SCAM/SPAM Bot will post a reply under my comment. And RU-vid took away my ability to Report them.
Brandon, is the current economy affecting your laundromat? I know a lot of small businesses are suffering because older folks are having to choose between food and medicines.. the other day I actually paid for a lady's medicine because she flat out didn't have the $45 for her meds..
Our laundromat makes you bring your laundry into the building. Then, you can use the quarter machine. Someone shot a 22 inside at the windows it was lucky they didn't break. They broke into the bill changer and got the money. Theres a quarter coin pusher. An older man comes in with 10 dollars. He takes and puts 2 in and when pusher comes forward he smack the machine to get money to pay for his laundry. It usually pays off. Does when the laundromat person isn't there. As far as the coins ask that person what he does with the silver coins. Make a deal.
I wish my local laundrymats machines would take a card. Or let the mat have its own card. You buy the mat's wash card and fill it with money like a pre paid credit card and use it only at the mat. I hate having to shove coins in a machine over and over. God I wish Id had a bucket of quarters like that in the early 1980s when I was 12 oe 13 in the malls arcade. Would have been a dream come true. Once..ONCE,...I had a $5 bill and was in heaven for a couple hours. Seeing all those tokens come out of the change machine..weeeee.
I'm a little confused. you dumped all the washers' and dryers' quarters into the change machine without counting it. How do you knpow how much was there? Is it simply by counting the bills in the change machine?
"Marylnn Manson Music is all the Laundomat plays.... Mostly because it is a 'Front Business".... People I used to know, have Businesses that are like this one... Racketeering is Big Business....
For decades, a math puzzle has stumped the smartest mathematicians in the world. x3+y3+z3=k, with k being all the numbers from one to 100, is a Diophantine equation, this is also known as math.
Interesting...I have no idea how that equation works. Here's my question...I'm in San Francisco, and it has gotten very difficult for small business owners due to street crime. I want to run a small specialty bar, but can't figure out where a safer place to do this from is...any suggestions?
I own a strip club and built a strip mall next to it when money was cheap to borrow and was looking to add a laundromat next to the club to drive some afternoon traffic. Was thinking about maybe a topless wash and fold service during the day. Any suggestions?
My local laundromat is charging double your prices, like you biggest Dexter (12.00). I stopped going because it’s cheaper to use my apt top loader and spend a day doing 2-3 separate loads. Either they are greedy or got caught up on an overpriced lease.
I work in a laundromat and our dryer is 6 minutes per $.25. My boss will get the quarters every2-3 days and am sure they lots of money since we have many washing machi9ne and dryers. We have about 2 $3.75, 11 $4.75, 5 $5.75, 3 $6.75 and 1 $10.75 the biggest. We are open 7 days a week and have 2 workers maintaining the place. Weekends are always the busiest of the week. We open 8am to 8pm :)... How many machine you got and by how much... I see similar machine that are used in laundromat... We have about 20 dryers...Me and my friend are thinking of making our won but I know its a hassle hahahahha...
I wouldn’t do it if I had to get a card or use tokens. I’m there to do my laundry not play a coin pusher, if it’s there and I got some quarters.. sure helps pass the time
If he switched to cards or tokens all the other stuff he has added to gain extra profit wouldn't be used. They spend extra quarters alot faster if everything runs on quarters and cash
It all comes down to customer-ease which is #1 for me. If it's hard/difficult for a 60yr old woman who's used this laundromat for 20yrs, I don't know that I WANT IT. What I DO WANT are systems that run along-side what I have, so younger/more astute people can use them.
@@InvestmentJoy Yeh having the facility for the change machine to take card/Google pay/apple pay payment would be a good idea... With it spitting out quarters as normal
@@InvestmentJoy *IF* you move to the card system, just have a looping video showing how to use them. Or hire some kid to stay there for a few weeks explaining it to the adults.
Yo, don't put good coins in the machine. The people playing either want laundry coins or drug money. In my city, it would be broken into within a few nights
Wow, am I the only one that divides numbers instead of multiplying to get my numbers? I was watching the last count and was like "3,780 div-" then heard him say multiply and had me confused for a moment lol 😂
First time I saw a coin pushee was in London. Put a couple of quid in the machine before a coin dropped. Out of nowhere a young kid ran up and grabbed the coin. Before I could say anything an older guy also came out of nowhere and beat the out of him and gave me the money. Surreal.
More like 10days for Loan repayment, 10 days for Taxes and misc expenses, 10 Days of profit? Looks like an unattended shop... what is the risk of lock pickers or other degenerate vandalism?
Hey Brandon you should make a gift certificate put in a coin pusher and say you get a a free wash and you get 20 bucks in quarters or months free and wash will you get a car wash for free
It is something I dont get for your americans. Why dont you have laundry machines at home? Its not about space , I live in small aprtment and the laundry-drier combo unit I have is the same size as dishwasher. In my country , running a landomat only works in student dorms as everybody has a washing machine at home because they are cheap.
Many of us do. I do. I still had to take my gigantic bedding (king size comforters) to the laundromat to wash them. They are too big for my washer, which is a large front loader. Also, a lot of folks live in apartments and either have to use the (sometimes very small or broken) washers and dryers in the apartment laundry area, or go to the laundromat with its larger machines (that are usually working).
