ilmscore | The KING OF LAUNDRY LIVE : Danny D'Angelo

The KING OF LAUNDRY LIVE : Danny D'Angelo

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
Drive-in movie theaters are a viable and potentially cheaper alternative to traditional movie theaters to open.
"Thought about opening a drive-in movie theater. I've looked at the numbers on them. They're actually cheaper at this point to open to do than a traditional movie theater."
Drive-in Movie Theaters
Pending
A laundromat without building ownership should net a minimum of $10,000 per month after equipment payments.
"if you don't own the building you should be doing a minimum of ten thousand dollars net your end while you're paying for equipment"
Laundromat Profitability
Pending
It is possible to earn $35,000 per year working four hours a week by flipping coins found at yard sales.
"I've even got a youtube video if you guys get really bored tomorrow it's how to make how i made thirty five thousand dollars a year working four hours a week and the video is all about going to yard sales and going out and flipping coins"
Coin Flipping Business
Pending
Many laundromat operators do not have direct experience working in laundromats, which is unusual for a business owner.
"most operators that's a word i use for owners because we have landlords and we have operators so mo and i don't care if you're both but you're the operator of the laundromat so most operators never stepped foot in a laundromat"
Laundromat as a Business
Pending
Instead of building a new laundromat, it is more advisable to acquire an existing failing laundromat by signing a long-term lease, as recouping the infrastructure costs for a new build is very difficult.
"don't buy a laundromat... sign a long-term lease if they're failing. You don't want to build a laundromat it's very very difficult to recoup the original cost of the gas water electric"
Laundromat Acquisition Strategy
Pending
Each laundromat store should generate approximately $10,000 in net monthly income.
"A store should be doing netting you 10 000 a month cash money that's one store per month"
Laundromat Investment ROI
Pending
Landlords and equipment suppliers often require personal guarantees for business loans, even for established LLCs, unless the business is as large as a corporation like Walmart.
"Landlords equipment suppliers typically require personal guarantees from their business entity owners. Very good yes the landlord is always going to ask you for a personal guarantee Once you have one laundromat your LLC will take that place but you can't really get away if you ask them if if a potential nail salon owner said I don't want to say I don't sound racist if a potential nail salon owner said I do not want to sign a personal guarantee You'd say yeah what's your background Tell me your basis for not having signed that Well I have an LLC No Not good enough If they have 20 stores Oh no no problem You think Walmart signs a personal guarantee Well Mr Wall Ain't signing"
Personal Guarantees in Business Loans
Pending
The laundromat industry has a wide spectrum of business quality, ranging from excellent to very poor, and is primarily driven by the equipment used.
"There are well-run phenomenal laundromats and there are complete and utter armpits out there and it's equipment it's an equipment-based industry"
Laundromat Business Viability
Pending
Kate Arms has developed an improved AR lower design that has received 25,000 pre-orders from Brownells, indicating a significant market demand and evolution in manufacturing.
"Kate Arms has come up with a perfect working and what they did it's this the the colt standard back in the day what would stoner do right the entire butt stock is all and it's it works recoil magazine did a whole thing on it okay firing tens of thousands of fully automatic rounds driving over it with a truck it's done so my point is how do you change how do you evolve well they've got 25 000 orders day one from brownells"
Future of AR Lower Manufacturing
Pending