I use to own a laundromat in Chicago. Made good money. One of the best things I did was hire a person to do laundry. Charged 1.00 a pound. For wash and fold service. It was a god send. 1. People didn't vandalize b/c someone was there while it was open. 2. The wash and fold service more than paid their salaries. People who actually had their own washers and dryers came in all the time just b/c it saved them so much time.
@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
Remember when you were a kid and smashed other people's property with a hammer, and your parents defended you? Me neither. I had good parents. And a life.
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.
@@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
@@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...
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. :)
@@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!
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
WTF it's been a year? I can't believe it. I haven't done anything in that year. Better get my ass moving soon. Great job Brandon, I love watching your videos and congratz on the 1 year mark!
Always love a good laundromat collection video Brandon. You have inspired me in so many ways. I tell my family that not a day goes by that I don't think about doing something like this (or real estate investing).
Working for an Apartment maintenance company in the greater MSP area as a Tech, I came across a unique laundry at a very "rough" apartment complex.Only one machine took money, then dispensed a card that worked in all the machines, (candy,Pop, soap, etc). The complex manager explained to me that vandalism and theft were zero now in the laundromat. The only cash on premises is in the "safe like" Card dispenser. Plus once they purchase the card you have captured that money. It's not quarters, it's yours. FYI
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.
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.
I have no idea how you ended up in my suggestions, but I've only watched two videos and now I'm a subscriber. Love your honestly, work ethic, and fun videos.
I love the laundromat where I live, it is always manned by a human being, it is very clean and the owner really keeps out the riff raff. He even doesnt have change machines, you get your quarters from him so people dont come in and get quarters for the meters.
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 was at a laundromat in Oregon recently that had all Electrolux machines... worked great. They also had debit / credit card readers on them on top of cash... best laundromat we’ve used in years (we normally only use them on vacation and for our sleeping bags.)
Man I’m really sorry to hear about all the stuff going on, hope everyone was safe with the tree falling on your house. Best of luck through all this craziness!
I'm still rooting for you. You are living the dream and making it work even with the ups and downs. Sorry about the tree in the house. Would you believe that has happened to us twice in two separate houses. 2006 and 2017.
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.
Enjoyed this video (and the previous one) about owning your laundromat. I get a little freaked out when you go collect the earnings their a l o n e--- without someone (or more people) to accompany you, who could serve as Security. Even being accompanied very discreetly without necessary showing up as a "group" together, or with anyone, but having your people very very near the facility to keep an eye out on you from the outstide. I'm sure the area is still pretty safe, but please don't underestimate allllll aspects of security that could be really helpful, including the installation of e x t r a high def cameras externally too (even at the side or rear of the building), along with a real deal, heavy duty security door for your office inside. I absolutely don't want to freak you out, but you can NEVER be "too safe" or hardcore about extending your security measures nowadays because people are crazy. Your channel is great and thanks so much for sharing all of your business experience and knowledge with us. Take care!
my friend owned a laundromat he switched it from an automat to a manned laundromat he hired one full-time person and himself he was able to make more money because there was no damage ever done to his business after that. he also changed the 24-hour operating hours to 15 a day and he actually made more money if you give people a deadline they might do their laundry in a timely fashion anyone coming to do laundry after 10:00 p.m. is probably shady to begin with you don't want those people in the automat after hours plus you're not there to handle problems with the machines which sometimes spins people out of control if you have someone there to handle it it saves a lot of aggravation in the long run. however it might just be his area I know that the changes he made help them net profit a lot more per month.
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
Man, i run a laundromat. You're doing so many things that i hope you're talking extra precautions for. For instance, have at least one other person with you, especially for the outside machine. Ideally, it's best to lock the doors when you're opening anything that takes bills, especially the changer. At the very least, have someone watch your back while doing it. Also, invest in a changer that stacks the bills instead of opening a box full of what looks like shipping insulation. They aren't that expensive
Love that quarter counter, I bet it saves a lot of time counting... I find the more machines I'm getting the much much longer I'm sitting around counting quarters...
@@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.
If you want customers to "love you" install an "extractor". It is like a super spin cycle stand alone machine that reduces dryer time. The wise will use it and of course it's not free. Bonus for you is lower maintenance cost of dryers as lighter loads go in the dryers.
Hey running a laundromat doesn’t sound like a bad idea, “people steal a lot of stuff and cause damage.” Ok that’s not that bad “we’re basically breaking even” ok I’m out.
I’ve got a couple of questions: Do you have any idea how much you’d make on average, and then with that how long it would take to break even from the overhead plus maintenance? The second is at what point owning all of these vending machines is it worth your time to collect all of these manually? The first questions was referring to both the vending machines and the laundromat. I know it’s an old video so im not really expecting a reply but thanks regardless.
Just found your channel. I work for a laundry company and we repair commercial laundry equipment for hotel, hospitals, laundromats etc... Best idea to get rid of the top loads. Dexter is a good brand however just keep in mind tech support can sometimes be of issue. Any alliance brand is good Speed Queen, Huebsch, Unimac. We are Wascomat dealers they are good as well. Tech support is okay. If you ever need anything with an issue you cant figure out feel free to reach out. Cool to see you doing this and me having a little knowledge of it. Keep up the good work
I agree with your thinking of placing the better maintained machines in your trailer park laundry. other then that cant wait to see how you decide to improv the laundromat.
Maybe it’s just me but looks like it lost money. The “Rent” category is what I’m obviously not picking up on. Do you pay rent or you collect rent? “Rent” is wrote in red as to be a deduction/cost, but the $1100 is in blk as to be a profit/income.
I service coin laundry,I am surprised that your top loader does not have metal sleeve for the coinboxes..those are a type of vault system to deter breaking in
Laundromats have had a special place in my heart,one owner I knew had a mat cleaning business for local companies,he made money cleaning their rugs,towels!
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
Hi! May I know how you started? How much was your first machine, what kind of machine you bought, what was your profit and all that stuff? Your videos are very inspiring. Thank you! ❤️
Hey man do you keep the laundromat open 24/7 and do you have anyone running it when it’s open or is it unattended? Thanks for the content it has been interesting following your journey.
I just subbed to your channel from the YT short I watched on the laundromat, turns out I’ve seen a ton of your TikTok’s as well lol. As someone who’s starting my last year of high school tomorrow, I’ve sorta picked up quite an interest in little things to make some side cash.
On your glass door entering/exiting maybe you could make a sign that says smile you're on camera and tv. You could put the sign up when you locked the laundry mat.
Good to see you put out a youtube video, congrads on the 1 year of owning the Laundromat. Please put a Trailer Park video together when you get time. Thank you !
Amazingly smart to show exactly the amount of cash you pick up during a collection....I'm sure that's an excellent way to prevent getting robbed. Well thought out! 👍👍
@@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!
I know a guy that his father owned a couple of them and he told me that his dad had 5 gallon buckets filled with quarters hidden in his garage,yeah,he was making some money...lol
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.
George Washington came by your house. On a side note: Wow! Lmao!! At 15:24 you said "ok google", my phone stopped the video, and Google was waiting for me to ask it a question. 😂🤣
Awesome videos it's educational an informal an inspirational people can be inspired to get a laundrymat an make money the ups an downs dos an donts AWESOME!
