Does The Laundromat I BOUGHT 3 Years Ago Make Money?
Published: 2022-11-12
Status:
Available
|
Analyzed
Published: 2022-11-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The speaker aims to increase laundromat revenue from $200-$300/month from drop-off laundry to $1,000-$2,000/month, targeting a total of $10,000/month.
"I'm hoping to get that to one to two thousand dollars a month so that I'm wanting to hit ten thousand dollars a month in revenue from this laundromat"
Pending
The coin pusher machine is generating significant revenue, with a large amount of quarters, pennies, nickels, and dimes collected.
"we've got some old foreign coins and coin holders and I'm gonna get some older Eisenhower dollars and put in here like I'm a old coin junkie let's see how much is here holy crap guys this is insane"
Pending
The coin pusher machine, which in three weeks generated a large amount of quarters, is projected to generate the same amount in one to two weeks with consistent stocking, becoming a significant profit generator.
"this is like I want to say three weeks worth of quarters I know based on how many people I see play this if we keep it stocked with money we'll do this number in a week or two so this will be a huge profit generator for the laundromat"
Pending
Achieving $1,500-$2,000/month from a new revenue generator could bring the total laundromat revenue to $8,000-$9,000/month.
"this will be a huge profit generator for the laundromat if we can build a revenue generator that brings in fifteen hundred two thousand dollars a month that'll take us to about eight or nine thousand"
Pending
Small washing machines, charging $3 per cycle, could generate approximately $100 per day if they achieve three cycles daily.
"if they were doing three Cycles a day that's nine dollars we should be doing about a hundred dollars a day on my small machines"
Pending
Medium washing machines, charging $4 per cycle and achieving three cycles daily, could generate $48 per day, contributing to a potential total daily revenue of $150 across machines.
"so that brings us up to about a hundred and fifty dollars in Revenue we should be doing a day per machine once again my utility is almost non-existent on these"
Pending
To cover the $60/month financing payment for a washer machine, it needs to complete approximately two cycles per day, generating about $30 in six days or $60 per month.
"so I've got to get two cycles a day out of a machine to make the payments on it so I'm guessing in six days we've hit my two cycles a day on this machine there's probably 30 bucks in there so I have to I have to make 60 bucks a month"
Pending
A company was overcharging for laundromat equipment, charging more than double its actual worth.
"the company that was trying to sell him equipment was charging more than double what the equipment was worth I guess you're not supposed to say in public how much these machines cost"
Pending
Some individuals are overpaying for laundromats ($500,000 for equipment) because they lack knowledge of fair equipment pricing, learned from sources like YouTube.
"they're going to charge 500 000 for equipment so some of these people are out going out buying laundromats they can they make money because they watch people like me on YouTube and they don't know what they should be paying for equipment"
Pending
An additional $250,000 in equipment cost results in an unsustainable monthly payment of over $4,000, potentially making the laundromat business unviable.
"the extra 250 000 would be over four thousand dollars a month four thousand dollars that he shouldn't be paying a month and it's just gonna make the business not possible"
Pending
Two medium format washers generated approximately $100 in six days, averaging about $15 per day.
"so here's my two medium format washers and I'm guessing there's probably a hundred dollars in here a hundred bucks in six days it's what maybe 15 bucks a day"
Pending
Older, less efficient washers generated about $10, which is considered not great.
"so there's probably 10 10 bucks in there not great at all"
Pending
A specific high-end washer is identified as the laundromat's best money-maker, and the speaker regrets not purchasing more of them.
"this is the best Money Maker in my laundromat Bar None I should have bought two or three of these but I bought one of them because I'm an idiot"
Pending
The best performing washer machine generates approximately $25-$30 per day, and its equipment loan is projected to be paid off within 10 days of operation.
"so that's 25 almost 30 dollars a day so the equipment loan on this is almost paid for in just 10 days worth of operations"
Pending
Dryer prices will be increased by reducing dry time from 8 minutes to 6 minutes per 25 cents, anticipating a 35% revenue increase.
"we're going to increase the prices right now you get eight minutes of dry time for 25 cents we're going to lower that to six minutes which should increase my Revenue about 35 percent"
Pending
Dryers have collected approximately $250 in quarters, with a total projected collection of $700. The monthly equipment loan for the dryers is $400-$500, meaning revenue from two weeks of operation will cover the loan.
"I've got about 250 worth of quarters so this will take us up to probably 700 bucks worth of quarters in this collection... my equipment loan on these is probably in the realm of 400 maybe 500 a month so we're going to run two weeks just to pay off the equipment loan"
Pending
The speaker aims to at least break even on dryer operations, acknowledging that they are currently running at a loss.
"I want to be profitable on their dryers I want to just break even but we're less we're probably running at a loss right now"
Pending
The coin pusher machine's hopper capacity for revenue is inconsistent, sometimes holding $1,200 and other times only $800.
"I put twelve hundred dollars in there and I can do it and then other times I can only get 800 bucks that doesn't make any sense"
Pending
The speaker has found two to three silver quarters at the car wash in the last month.
"I have found two or three silver quarters at the car wash in just the past month"
Pending
One vending machine has $150, while another is low, indicating a need to replenish quarters.
"that one's got 150 bucks to pick that up that one's low so yeah we definitely need to throw some quarters in here"
Pending
The vending machine is being heavily used for exchanging smaller denominations into quarters.
"people are coming here the machine will exchange nickels and dimes supporters and they're using the heck out of it it's crazy"
Pending
The combined revenue from washers and dryers was $1,069.
"we missed our washer and dryer money but it was 10 or is one thousand sixty nine dollars"
Pending
A bucket is full of coin pusher money, which will be the first time this revenue is showcased on the channel.
"I've got my bucket down there completely full of coin pusher money which that will be the very first for the channel so I'm excited"
Pending
The coin pusher machine has accumulated 3,163 quarters.
"3163 quarters"
Pending
A total of 3,780 quarters from the coin pusher machine equate to $945 in revenue.
"three thousand seven hundred eighty quarters times 25 cents equals 945"
Pending