ilmscore | How Much $$$ Will A Trailer Park Laundromat Make?

How Much $$$ Will A Trailer Park Laundromat Make?

Published: 2022-09-17
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The speaker is building a second laundromat and has already ordered equipment for it.
"we're gonna go look at the laundromat we're building and the equipment that I ordered I got forever ago for the second laundromat so after the last one this will be the next one to work on"
Laundromat Development
Pending
A trailer lot renovation is expected to be completed in a couple of months, bringing the total number of completed lots to 21-22.
"get it done in a couple months and get up to 21-22"
Laundromat Renovation Completion
Pending
The market for trailers has not slowed down, and the speaker expects to generate $150-$160 from a specific trailer.
"so we should be getting 150 160 out of it"
Rental Income
Pending
A new, small, coin-operated laundromat will be opened specifically for the trailer park residents, priced cheaply.
"so we're just going to open this up as a very cheap laundromat"
Laundromat Construction
Pending
The new laundromat cannot use natural gas dryers due to the lack of service; propane or electric dryers will be used, both of which are expensive.
"so we don't have natural gas service here so they either have to be propane or they have to be electric and both are pretty expensive"
Laundromat Dryer Type
Pending
The speaker is aiming to at least break even with the new laundromat but expects to make a small profit.
"as long as we break even I'll be happy but I think we'll make a little bit"
Laundromat Revenue
Pending
The laundromat will intentionally underprice washers and dryers to discourage tenants from installing their own and overloading the wastewater system.
"we're going to purposely under price the washers and dryers for the customers just so that they don't get tempted to put washers and dryers in their own homes"
Laundromat Pricing Strategy
Pending
A new backlit sign for the coin machine will be installed in the next few days.
"we're going to be installing here in the next couple days"
New Coin Machine Installation
Pending
Acquiring and improving an existing laundromat is a more advantageous strategy than building one from scratch.
"buying a currently existing laundromat and just making it a better location is much better than starting up from the ground up"
Laundromat Expansion
Pending
The cost to start a new laundromat with 50 machines is estimated to be between $500,000 and $1,000,000.
"it's between half a million and a million dollars"
Laundromat Startup Cost
Pending