How much money can you make with a laundromat

The remainder of your major startup costs will be buying the equipment itself. If possible, try to find a longer lease term that is amenable to your budget. You’ll also have to provide enough electrical outlets, possibly move a few walls, and completely redecorate before it will look like a laundromat. Even at my age, I still go out all bright eyed and bushy-tailed, and want to believe I will get that kind of return. Two Laundromats, one loan. What are the hours it is open? Wishing you the best, and keep in touch!

The Laundromat Life

Editor’s note: This article was originally published on February 1,and has been updated. It was excerpted from our Coin-Operated Laundry start-up guideavailable from Entrepreneur Bookstore. The coin-operated laundry industry has undergone a revolution. No longer dingy, unsafe, boring places that customers must endure on a weekly basis, laundromats are becoming fun and attractive multiservice centers that customers may even enjoy visiting. Some of them don’t even use coins. Instead, customers use swipe cards that subtract the wth of the wash or dry, much like a phone card or debit card.

The Laundromat Life

My uncle owns 4 laundry mats in the town i live in. It is a very small town. I am positive he makes more then 25 to 40 grand anually. If you want to build a new one you could save thousands in the long run if you knew how to do electrian work and plumbing. I am not sure his exact figure but I can give you an idea how good a life you will have if it is a successful laundry mat business. He drives a Yukon just because he doesnt give a crap about cars.

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My uncle owns 4 laundry mats in the town i live in. It is a very small town. I am positive he makes more then 25 to 40 grand anually. If you want to build a new one you could save thousands in the long run if you knew how to do electrian work and plumbing.

I am not sure his exact figure but I can give you an idea how good a life you will have if it is a successful laundry mat business. He drives a Yukon just because he doesnt give a crap about cars. My cousin which is hes daughter drives a new BMW.

Recently he bought a brand new mastercraft x30 paid in cash on the spot. So if you had a successful one you could make alooot of money.

All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Hottest Questions. Previously Viewed. Unanswered Questions. Asked in Makd Business and Entrepreneurship. Salary and Pay Rates. How much money does a laundromat owner make? Of course you would have to subtract the payments on the loan that you take out to pay for it.

But after the loan is paid, I think you can expect to make about 25 to 40 grand and mcuh actually only have to do about 15 hours of work aith week if you want it that way. That depands on what kind of laundromat and how big is it. I think. Asked in Salary and Pay Rates How much does a laundromat owner earn? Depends on location location ylu.

This depends on how much they charge. Asked in Industries mmuch Professions How much acn the wine store owner makes? Depends on whether the skate shop makes money. If it doesn’t, the owner loses money.

If it has good product flow and low overhead, they can make a good living. Yoi in Care of Horses How much money does a horse owner make per year? Asked in Salary and Pay Rates How much money does a shoe store owner make? A small business president can make as much as the business owner wants them to make. If the business is small then they may not make a lot of money. Asked in Sports How much does a bull owner make? Asked in Salary and Pay Rates How wigh semi truck owner makes money?

That all depends on how well they can manage their business. Asked in Salary and Pay Rates How much money do lanudromat get being a owner? Asked in Salary and Pay Rates, Skateboarding How much money does a skateboarding shop owner make over hw years time? Asked in Restaurants and Dining Establishments How much does a hooters owner moneu A hooters owner can make a wide variety of money depending on their location and how lwundromat business is run.

It is not unusual to pull in more thandollars a year. Asked sith Salary and Pay Rates How much money a bar owner make each year? It depends on the kennel. Some make alot, while others just bairley squeak by. Asked in Taxes and Tax Preparation, Laundromxt Taxes Would it be worth it to buy a laundromat for the sole purpose of a tax writeoff if it does not produce enough money to live off of?

That will depend greatly on how much you could write off and compare that to how much money you could make by using the money for some other type of investment. You should see a CPA or a financial planner about to analyze the numbers for you. More than you can count. Asked in Salary and Pay Rates How much money does super dry make a year? Asked in Care of Horses How much does the owner of the horse that winns the derby make?

It depends on which derby and how many people put down money on the horse. Asked in Salary mucu Pay Rates How much money does someone owning a group home make? A Group Home how much money can you make with a laundromat makes an average ofAsked in Industries and Professions How much money does an owner operator truck driver make?

The profit is from too a day depends on the business. Asked in Salary and Pay Rates How much do a laundromat worker earns? Trending Questions.

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The next best is low-income urban areas, but you need to be aware of crime rates in those areas. If you can share some insights will be awesome. It sounds like you could build out bigger later once you get a feel for how much demand there is for a coin laundry where you are. Ask what the water bill is and ask what the price of that water bill was 12 months ago. The number of investors looking to buy investment property is far higher than the number looking to buy how much money can you make with a laundromat laundromat. Since they’re paying a set amount of rent on their commercial space, they might as well use that space to lundromat fullest potential. Someone buying now, might be entering a market top. For instance, some laundromat owners may choose to assign themselves small salaries when they start a new business to reduce expenses and increase the money they can reinvest into the business. Any cost approximations and tips for getting reasonable rates on manned vs unmanned sites? Though I have some flexibility, I cannot quickly sneak out and come back due to the distance of these mats. On the other end of the spectrum, it is harder lxundromat a laundromat to get as much leverage as a regular retail store, because a laundromat is essentially stuck where it is. Financing is Self-Supported — The monthly payments for the purchase loan are being paid by the business. How often the machines need to be maie out of coins? Cash Flow — Even a small location can earn several thousand dollars profit each month. Thanks David! I am lucky.