How My Laundromat Makes $100,000/yr
Published: 2023-08-05
Status:
Available
|
Analyzed
Published: 2023-08-05
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The current laundromat facility has the potential to house 24-25 additional washers with minor modifications.
"we can go up to about 24 or 25 decent washers in my building with hardly any modifications"
Pending
The current laundromat has reached its maximum dryer capacity during peak hours (Friday-Sunday evenings).
"I only have a total of 12 dryers in the facility every Friday Saturday and Sunday evening all of my dryers are full and I've reached my Max Capacity"
Pending
The laundromat is projected to achieve $100,000 in revenue this year, up from $65,000 last year.
"last year we brought in over sixty five thousand dollars and we're on track to do easily a hundred thousand dollars this year"
Pending
Expanding the laundromat to include new equipment, wall modifications, and parking lot repaving is estimated to cost $150,000.
"it'll cost about 150 000 to put new equipment in the back blow out the wall and put some more money down towards repaving the parking lot"
Pending
The 60-pound washer generates approximately $32 per day.
"the 60 pound washer it ends up being 127 over a four day period which comes out to about 32 dollars a day"
Pending
The 40-pound washers generate approximately $63 per day.
"the 40 pound washers brought in 252 dollars in four days right about 63 dollars per day"
Pending
The 20-pound washers generate approximately $86 per day.
"a 20 pound washers were at 346 dollars in four days or eighty six dollars per day"
Pending
Selling the laundromat for $300,000 is projected to yield approximately $130,000 in profit after expenses.
"if I do sell the location to my subscriber for three hundred thousand dollars I should clear around a hundred and thirty thousand dollars from the sale less taxes titles transfer fees and whatnot"
Pending
A potential new laundromat build is estimated to cost $1 million.
"new site that I found for a potential one million dollar laundromat build"
Pending
The proposed new laundromat build is expected to generate $300,000 in annual profit.
"that's going to put about three hundred thousand dollars in my pocket every year"
Pending
The laundromat is projected to generate $100,000 in revenue this year (2023), a significant increase from $65,000 last year.
"last year we brought in over sixty five thousand dollars and we're on track to do easily a hundred thousand dollars this year"
Pending
There is space in the current laundromat facility to install an additional 24-25 washers, significantly increasing capacity.
"we actually have tons of room in this part of the facility to put a lot more washers all of my plumbing and fixtures are sitting right behind there we can go up to about 24 or 25 decent washers in my building"
Pending
The laundromat has reached its maximum capacity for dryers, with all 12 units being fully utilized on weekend evenings.
"I only have a total of 12 dryers in the facility every Friday Saturday and Sunday evening all of my dryers are full and I've reached my Max Capacity"
Pending
To exceed $10,000-$12,000 in monthly profit, the laundromat will need to either focus solely on commercial drop-off services or double its physical size.
"if I want to get more than ten to twelve thousand dollars per month I'm either going to do it all through commercial drop-off or I'm going to have to double the size of my location"
Pending
The 60-pound washer generates approximately $32 per day in revenue.
"for the 60 pound washer it ends up being 127 over a four day period which comes out to about 32 dollars a day"
Pending
The 40-pound washers collectively generate approximately $63 per day in revenue.
"The 40 pound washers brought in 252 dollars in four days right about 63 dollars per day"
Pending
The 20-pound washers collectively generate approximately $86 per day in revenue.
"a 20 pound washers were at 346 dollars in four days or eighty six dollars per day"
Pending
Expanding the laundromat will require an estimated $150,000 for new equipment, structural modifications (blowing out a wall), and parking lot repaving.
"it'll cost about 150 000 to put new equipment in the back blow out the wall and put some more money down towards repaving the parking lot"
Pending