ilmscore | How much does it cost to fix up a run-down laundromat?

How much does it cost to fix up a run-down laundromat?

Published: 2020-01-11
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Top-load washers at laundromats typically last 5-10 years, while front-load washers are designed for 10-20 years of heavy use.
"a typical top load washer at a laundromat has a lifespan of maybe five to ten years whereas a front load washer like this is designed for 10 to 20 years of use at the Royal uses per day"
Laundromat Washer Lifespan
Pending
A competing laundromat was spending over $5,000 annually on service calls alone, excluding debt servicing.
"another longer mat in the area was looking to be sold and it provided its profit and loss statement which showed that they were spending over $5,000 a year just on service calls and that and excluded any sort of debt servicing for the units"
Laundromat Repair Costs
Pending
Brandon's total repair bill for getting four dryers and four washers operational in one day was just under $300.
"fortunately Brandon got away with a repair bill of just under $300 for everything done by myself and my Tech's in this entire video they got four dryers and four washers up and running just in one day"
Laundromat Repair Costs
Pending
Total laundromat expenses for December were $445, which was higher than other months due to multiple machines going down and requiring repair.
"total of $445 for december it's higher than other months that he's ran the laundromat I think that he's had to pay out but a lot of the machines went down in December but got repaired"
Laundromat December Expenses
Pending