Is My Laundromat Making or Losing Money in 2021?
Published: 2021-06-29
Status:
Available
|
Analyzed
Published: 2021-06-29
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The laundromat generated over $1,000 in revenue during a one-week period in June 2021.
"It was a little over $1,000 for this one week period."
Pending
Total expenses for the laundromat business were slightly over $3,000 for the month.
"The total expenses are a little over three thousand dollars."
Pending
The laundromat business had a positive cash flow of over $55 for the month.
"we end up with a cash flow of over $55 dollars this month"
Pending
The vending machines at the laundromat generated $118 in revenue from single dollar bills.
"it's 118 dollars in vending machine ones"
Pending
Dryer sales at the laundromat have significantly increased.
"our dryer sales have been up just an incredible amount"
Pending
The coke machine has a cost of goods sold and operational costs of approximately 30-35% of its revenue.
"for every dollar that comes in in revenue from this machine it cost me about 30 cents maybe 35 cents in between all of my costs"
Pending
The $600 coke machine was fully paid off within two months of operation.
"I paid the whole entire machine off within two months of operation"
Pending
The coke machine generates a net profit of approximately $400 per month.
"it's making net about four hundred dollars per month"
Pending
The $10,000 big washer is the highest revenue-generating machine at the laundromat.
"the big washer this machine itself was about ten thousand dollars of any single machine now at my laundromat it makes i do believe the most amount of money"
Pending
The medium format washers are the second highest revenue-generating machines at the laundromat.
"these medium format washers these tend to be the second best moneymaker here at the laundromat"
Pending
The smaller Dexter front-load washers are priced at $3,000 each and are performing well financially.
"these machines are running at 3 000 a piece"
Pending
A full coin hopper in the large washer can hold approximately $1,200 worth of quarters.
"if we fill it to the top there's about 1200 worth of quarters in here"
Pending
The proportion of $20 bills collected from the laundromat machines is increasing weekly.
"the number of 20s in these stacks goes up almost every single week"
Pending
The laundromat has a surplus of quarters, indicating high collection volume.
"we're actually running surplus quarters now at the laundromat"
Pending
There were approximately $600 in excess quarters from previous collections.
"there's about six hundred dollars in extra quarters that i had"
Pending