ilmscore | Prediction Details
"and the community loves it man and it's not a pizza the the market is not a pizza and we're not just slicing it up there's actually all this Market out here yeah and in every space that we don't even realize you know and that's that's what I think that uh is hard talking to people because I I know the backlash I get from people and they think that they're you know someone starts a laundromat they're going to take all of their business I'm like no that there's more business there's enough business out there for everybody but you have to actually do a good job yeah always use the Starbucks illustration put a Starbucks on that corner right there it's gonna do like three million dollars you put Luke's coffee shop that has no real traction I'll do 300 000. so and is the same amount of coffee being consumed in that area absolutely not they create coffee drinkers it's kind of like laundromats you create uh more laundry that's awesome"
By Investment Joy | February 28, 2023 | Pending
From video
How to Stand Out as a Laundromat Owner 00:02:52 - 00:03:43
Interpreted Prediction
The laundromat market is not a zero-sum game; new businesses can actually create more demand, similar to how Starbucks entering an area can increase coffee consumption. This implies a prediction of market expansion rather than just market share redistribution.

Prediction Details

Topic
Laundromat Industry Growth

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