ilmscore | Continuing to grow the laundromat business

Continuing to grow the laundromat business

Published: 2019-08-12
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
The cost to completely retool the laundromat is projected to be approximately $105,000.
"they said it's gonna cost about $105,000 to completely retool the laundromat"
Laundromat Renovation Cost
Pending
The current non-LED lights in the laundromat consume double to triple the electricity they should.
"these lights that are above me they're not LED lights like we had initially planned or the fluorescent their high-efficiency fluorescent I found a another Bicentennial quarter every time I find those I keep them anyway these are not LED lights so they're a use about double the electricity they should maybe even triple"
Laundromat Electrical Consumption
Pending
The cost to completely retool the laundromat is projected to be $105,000.
"they said it's gonna cost about $105,000 to completely retool the laundromat"
Laundromat Renovation Cost
Pending
The speaker anticipates making as much profit from the other two laundromats as they are from the current one.
"so I can make as much with the other two as I think that can make with this one I'll be doing great"
Laundromat Income Potential
Pending
Laundromats are expected to spend 40% of their revenue on utilities, resulting in a 60% profit margin.
"essentially laundromats use about every dollar that's brought in you're going to spend 40% on utilities so you have a 60% profit margin"
Laundromat Utility Costs
Pending
Plans are in place to implement smart solutions to reduce lighting usage at night, potentially lowering it to one-third, possibly with motion sensors.
"I've got some smart solutions to power down the lights during the nighttime period not all the lights will want to probably go down to one third then with a motion sensor or something of that nature"
Laundromat Lighting Upgrade
Pending
The speaker hopes to have two additional laundromats operational soon, bringing the total to three.
"because here soon I'm hoping to get the other laundromats up and running I own three"
Additional Laundromats Operation
Pending