ilmscore | I bought TWO MORE LAUNDROMATS - And they're AWFUL

I bought TWO MORE LAUNDROMATS - And they're AWFUL

Published: 2021-03-25
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The speaker believes that cash-operating businesses like laundromats offer a different opportunity compared to rental properties.
"I felt like I could do good with a cash operating business as opposed to my rentals. I felt that was a different animal."
Laundromat Business Model
Pending
The speaker considered combining a laundromat with an arcade to provide entertainment in a town lacking such options.
"I said at one point I was like if I can get the views I'll turn it into laundromat plus arcade because there's no there's no entertainment there's nothing over in that town."
Laundromat with Arcade Model
Pending
Initial analysis suggested that a laundromat combined with an arcade could be a viable business model.
"and I felt like doing back of the napkin math on this place that as a laundromat plus an arcade that would work"
Laundromat with Arcade Model Viability
Pending
The speaker's later realization is that an arcade could negatively impact the laundromat business.
"but then as time goes on then I come to the realization the arcade will destroy the laundry"
Arcade Impact on Laundromat
Pending
The speaker expresses doubt about the viability of some laundromat locations.
"Can this place be viable? A lot of times no."
Laundromat Business Viability
Pending
Suggests selling a laundromat location to another operator if it's not personally pursued.
"You could you could also turn around and sell this to a potential laundromat operator"
Selling a Laundromat Location
Pending
Highlights favorable demographics and lack of competition as key factors when considering a laundromat location.
"saying look where it is look at the demographics look the nearest there's no competition"
Laundromat Demographics and Competition
Pending
Emphasizes that the existing infrastructure, not the equipment or former use, is the primary reason a location might be salvageable.
"The infrastructure that's here is the only reason we're standing here."
Laundromat Infrastructure
Pending
The speaker states that they decline more real estate deals than they accept, indicating a selective and cautious approach.
"I walk away for more deals than I make"
Real Estate Deal Evaluation
Pending
Expresses confidence in the potential to generate profits from another laundromat store.
"I think there's a good a good plausibility to make a few bucks in there to most certainly do some decent cash in there"
Laundromat Store Potential
Pending