ilmscore | Here's my NEW LAUNDROMAT

Here's my NEW LAUNDROMAT

Published: 2021-04-03
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The laundromat renovation is expected to be completed and opened within one week from the video's publish date.
"I'm hoping to open this up in a week."
Laundromat Renovation Timeline
Pending
The laundromat could generate an additional $300 per day ($9,000 per month) through contract laundry services, assuming 500 pounds of laundry processed daily with a revenue split between the attendants and the laundromat owner.
"so if we can have 500 pounds of laundry go through the the laundromat a day that's what like 600 a day a day that can be generated if the contract laundry attendants get half we get half that's extra 300 bucks a day nine thousand dollars a month we can make off this location"
Laundromat Contract Laundry Service Revenue
Pending
The total cost for the laundromat renovation is estimated to be around $100,000.
"this renovation is running probably a hundred thousand dollars"
Laundromat Renovation Cost
Pending
The monthly cost for financing the laundromat equipment is projected to be $600.
"it's gonna cost me 600 bucks a month to finance all the equipment"
Laundromat Equipment Financing Cost
Pending
The initial out-of-pocket expense for the laundromat included $500 for quarters and a $2,700 payment to Dexter for equipment and a down payment.
"the all the money that i have on my own pocket on this laundromat after it's all said and done was to um was i'm trying to think i had to fill the change machine with 500 worth of quarters and then i had to pay dexter 2700 for all this equipment and a down payment"
Laundromat Initial Investment
Pending
The monthly finance costs for the laundromat are $1,600.
"i'm having to pay six 1600 a month in finance costs"
Laundromat Monthly Finance Costs
Pending
The entire down payment for car washes was funded by stock investment gains made in 2020.
"my stock investments in 2020. my entire down payment for that the car washes was made with stock gains"
Stock Investment Gains for Real Estate
Pending
The vending machines cost $450 each.
"these ones are 450 a piece"
Cost of Vending Machines
Pending