ilmscore | Prediction Details
"this guy was like look at this laundromat deal this is the greatest thing I've ever seen Brandon and he called me he signed up for a phone call with me two weeks before he was going to go into contract on this laundromat and I was like why do you want this job I said what do you mean this is a laundromat investment and I said 90 of your income coming from this laundromat comes from Wash and Fold I in the profit loss statement I see no money set aside for labor you need to find out now where is that labor cost he makes a phone call oh it's the owner the 70 year old owner and his 68 year old wife and I said how and he's like they work only eight hours a day I said eight hours a day for two people they work 16 hours a day for that it would they they were only making seven thousand dollars a month I wanna say eight thousand dollars a month and I said you're going to be making a job"
By Investment Joy | October 20, 2022 | Pending
From video
Laundromats, Carwashes & More W/ @CodieSanchezCT 00:17:25 - 00:18:18
Interpreted Prediction
A laundromat deal where 90% of income came from wash and fold was misrepresented as profitable, but lacked proper labor cost allocation, indicating it was more of a job for the owners than a passive investment.

Prediction Details

Topic
Restaurant Business Profitability

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