My Laundromat Made $1,503.25 In 5 Days !
Published: 2022-09-03
Status:
Available
|
Analyzed
Published: 2022-09-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Vending machines are performing very well financially.
"we're doing really good off the vending"
Pending
The speaker is eager to install a new machine for the laundromat.
"I can't really can't wait to get the new machine up"
Pending
The speaker is collecting money from washers and dryers for the laundromat.
"so we're gonna go and we're going to hide this in the office real quick and we're going to go through and see how much money we've got washers and dryers"
Pending
While laundromat prices haven't increased significantly due to inflation, the gas bill has seen an impact.
"a lot of people have been asking me if we're feeling effects of inflation at the laundromat and I can't say that we have had our prices go up too much overall but I will say I can see it in my gas bill"
Pending
The laundromat's gas bill has increased from $200 to $250-$300.
"our minimum gas bill is usually 200 bucks and that's what we spend and now my gas bill is about 250 300"
Pending
The speaker plans to reduce the dryer cycle time from eight minutes to six minutes.
"we're going to turn these down to six minutes from the current eight minutes that we're at now"
Pending
The speaker intends to purchase ATMs and ice vending machines in the near future.
"we're really looking at ATMs and Ice vending machines those are the two things that I really want to buy here soon"
Pending
The goal is to accumulate a surplus of $5,000 in quarters before installing a new machine.
"I'm hoping that we can get five make five grand in Surplus quarters between now and the time we install this"
Pending
The speaker acquired their laundromat with no upfront cash, utilizing seller financing and deal negotiation for profitable businesses.
"did you guys know that I bought my really famous laundromat for no money out of pocket most of my business has been built through seller financing and negotiating deals where I take over profitable properties profitable businesses with no money out of pocket"
Pending
Individuals on the speaker's coaching calls have successfully started profitable businesses with minimal or no initial investment.
"we have people like Brandon and like Sean on our coaching calls right now who've been able to get into their own profitable businesses with very little money out of pocket and in some cases no money at all"
Pending
Investmentjoy.com offers a free analytics tool to assess business opportunities in a specific area.
"take a look at investmentjoy.com we have a free Analytics tool there that'll tell you how much opportunity there very likely could be in your area it's free for you to use"
Pending
Vending machines generated $390 in quarters in one week.
"we had one week we had 390 dollars worth of quarters between our vending machines"
Pending
The laundromat generated $1,204 in collections.
"so here we go on this if everything goes right it'll count all in order... one thousand two hundred and four dollars just off the laundromat"
Pending
The drink machines generated over $125.
"so that's a little over 125 just on drinks"
Pending
Snack machines generated $15 in bills and $507 in coins, along with drink machine revenue.
"all right we're at 36 so 15 and bills and here is the bucket and the coins on this are going to do really good we're at 507 for the drinks"
Pending
Vending machine items are priced at triple their cost, with a general profit margin of one-third of the selling price.
"my snack cost and drink costs approximately one-third we just triple the price of what I pay so I buy something for 25 cents I typically sell for 75."
Pending
The laundromat's water bills average around $300.
"on average I'm still spending about 300 on my water bills for the laundromat"
Pending
Gas costs for the laundromat have increased to $300-$350.
"I'm spending my gas costs has gone up to about 300 350."
Pending
The electric bill, including the upstairs apartment, is $450.
"Electric's 450 and that includes the apartment upstairs"
Pending
The mortgage payment is between $537 and $542 per month.
"the mortgage is either 537 or 542 a month"
Pending
Rent income is projected to increase by an additional $600 per month.
"we're gonna be increasing probably an extra 600 a month in rent"
Pending
Last month's gross income was $6,000, with a target of $6,500 for the current month.
"last month we did six thousand dollars I'm hoping to do 6 500 this month gross"
Pending
The speaker nets $2,000-$2,500 per month before accounting for appreciation.
"I put about two thousand twenty five hundred dollars in my pocket each month before appreciation is concerned"
Pending
The laundromat's value increased by $25,000-$30,000 in the past year.
"the laundromat went up in value probably 25 30 000 just last year"
Pending