David Fahey Washer & Dryer Cost & Repairs, cost of building, taxes, water bill, cleaning cost, air conditioning repairs and the time involved to manage it all. Plus gas cost going to locations
I don't know, but probably "sad" is more proper than "depressed". As from my very limited knowledge, i suppose depression doesn't really need a reason.
You might want to consider selling some hot chocolate/or coffee out of a designated area if you have someone who manages your business while you're gone. Since it is a seasonal merchandise, but whatever saves you money in my humble opinion.
You can put self heating coffee/hot chocolate cans in a vending machine. The problem would be advertising them to USA customers that have no idea these exist.
Forget those negative comments. This is a great RUclips channel. I’ve always been interested in a laundromat and to see it first hand and what’s needed will definitely help me out on making that decision. Keep it up. Great content. I’m also a real estate investor in Miami, so to see you with your rentals is great.
😂🤣😅🤣😂👍 if the guy hadn't spend over $60,000 just for equipment, he probably owes money & it would take 6 to 12 months to gain back investment. And that doesn't include rent and maintenance
It was satisfying for me to watch too. I was also thinking about how this might be more efficient if customers paid with credit card, although that would be less satisfying to watch. Acutally, it might be best to have the machines accept cash, change, and credit card. Or, add an ATM machine so that the customers can withdrawal $20 or so to spend in your laundry mat.
His is probably relatively cheap.. It doesnt look like a high trafficked area and it is a small, older space. But laundromats in big cities in crowded areas can costs BIG money to rent monthly or buy and can also bring in big money as well.
@@idonotconsent Define money maker long term. 1 dollar a year profit is a moneymaker longterm. He hasn't had a plumbing break or a big money washer break on him. Here's a hint. Wescomat parts make Maytag Commercial look like Sears parts pricing. He is one major breakdown or vandalism away from being in the red. His vending is bringing a larger margin than the washers are.
I am one of those folks who wish to work a few hours at home everyday to gain a lot of money. I`ve attempted other methods and tactics, and not one of them have worked till a good friend advised *4NetJobs. Com* I looked it on the search engines and today my every day income is over One hundred dollars. .
Just friendly advice, please make sure you are being safe, securing your location, being aware of your surroundings, not using the same collection schedule, etc. (edit: when you’re counting out your money*) We’re all here supporting you get your money, no one wants to see you lose it. Keep up the hard work and congratulations on the success!
On time me and my friend did a lemonade stand and we had to count our money it was getting dark and he was like let's count outside so we counted outside something scary happend . . . . Summer break was up in 2weeks at the time
@@PhildoBaggins I can take you to an entire community of white tweakers. It's called Oildale CA. Area code 93308. Probably 20,000 white tweakers live there.
Really though, if towards the end of the year he has XXXX profit but doesn't want to pay any taxes he can make purchases for the business to reduce or eliminate that profit - nothing illegal about that. Where it becomes a problem is when purchases/expenses that are "for the business" are actually for personal use. For example buying new washing machines vs. buying a new Rolex watch.
@@arizonabuckeye Ok,, that makes sense,, Thanks,, that's the missing piece right there,, Thank you,, yes,, Just buy another washer,,(or make repairs would work also?) You just save receipts. SO if you make no profit,, you still need to file the taxes,,
@JMFS dude, this is how the world works. If he wasnt charging this much money he wouldn't make a profit. Poor people can buy a washer and dryer on Facebook marketplace or Craigslist for cheap. This is capitalism my guy
If I was you, I would separate income from each machine especially vending vs washing/drying to calculate the return of each item. I think throwing all the coins in a single bucket is not an effective way to learn the idiosyncrasies of a business. If your new machines were pulling double the revenue of the old machines, that is valuable information that change may your strategy. Perhaps being a bit more data driven could benefit your business.
I have seen plastic gizmos that sort coins and count them for rolling. It would probably be worth using the counter, writing the result on a form and dumping the coins in a bucket. IT does not have to be 100% accurate at this point.
maxbass that’s not how it works, if you go to a laundromat with $5 dollars worth of clothes to do, you’re gonna spend $5 total. Some washing machines do use less water though, so they make a larger profit. The most important factor of making money though is having a market or making a market.
I knew a boy whose dad owned a laundry mat and as a chore, he had to unload the money from the vending machine and reload the drinks. Well one day when he was doing that, a group if older boys jumped him and took everything....well except for the machine.
I'm glad this guy is just being himself and not letting anyone bring him down and guess what? Hes making quite a decent profit each collection day so yeah screw the haters
@JMFS It's a high capacity dryer, most I've seen can dry three loads at once, which actually saves people$3.50. (The regular one load dryers were charging $2.50)
@JMFS you buy s shop ,, but washing machines and dyers the coin operated ones will be a thousand bucks each ,pay water ,electricity ,repairs ,tax and see how much you can do it for ?
i’m a super paranoid person i suggest locking the doors when you go in to count so no one can rob you you’d be surprised how many people really strategize their robberies they’ll watch you come in and calculate or estimate the hour you come in to count and take advantage i just say this because i’d hate for you to take a down fall from criminals and you definitely had put in the work for this place
i had this idea as well, though he did not state the actual cost of running his laundromat. Operational cost was not factored in during the (4?) days of use. Thats what I am interested in.
Cameran Manner if you watched the entire video, at the end he said he would be releasing a new video going over revenue vs. expenses and stuff like that!
the quarters are the money maker because the more quarters he puts in there, the more money can be put in there in exchange for the quarters. So if he makes 1,000 dollars in quarters from his machines he can put them in the coin exchange and get 1,000 dollars cash for. He then takes the 1000 dollars in cash out as profit and hopefully the machines made another 1000 dollars in quarters so he can get another 1000 dollars in cash out and keep repeating. Basically the quarters are the profit but he does not touch it until it is turned into cash in the coin exchange and by then he's already made more profit in quarters to turn into more cash.
This isn't a bank his just counted his coins it didn't give him dollar bills in exstange for quarters and if you ment the coin pusher that does make money most of the time because a lot of times you put a coin in and didn't get coins back :edit okay everybody i typed this on an old ipod and it has a small screen i clicked the wrong comment thats why it is so wrong i am srry
@@egg_master7978 you must have missed a part of the video where he goes to his coin exchange machine. You know the one where people go to get quarters to wash their clothes with because they just have dollars. She is not talking about the coin pusher or the coin counter.
I'm interested to see if you made a profit at the end of the month. I ran some numbers on my end with a bit of guessing on what your other costs will look like. I think, before accounting for your start up costs, you're going to have made a profit of $1000-$1500 for the month. Some of this will need to go toward your paying off how much you bought the business for and purchasing new machines (start up costs). Overall, I think you'll make a profit, but it won't be livable wages. I think you'll need to have a few laundromats for livable wages. For the little time that you spend overseeing your laundromat, I'd say your single laundromat is an excellent way to let the business make money for you (even it's not a ton of money).
@@CBielski87 yep... wish i knew how much atleast one machine was, i wonder how much it is to pay rent for that place, and then theres the massive water/electric bill.... might take a few years for that guy to make his money back id say
Austin Eckels well he would lose money on buying them then overtime he will get all of his money back. That’s how investing works (I’m not trying to be cocky)
Its a pain in the ass of a business. Machines constantly breaking, people constantly needing refunds, dumb teens trying to break into them for weed money, ect ect.
@@twan14_ Profit is after all costs are factored in, Revenue is just income generated. So if revenue is less than costs, you operate at a loss. But if Revenue exceeds costs then there is a profit.
@@dannyvee4499 that was a weekend tho. Weekdays aren't as busy. so 3-4 days is $600 I'd say he's making around $800-900 a week, I'd say a bit less than 4k a month
As someone who has had some time in the business. It's only worth checking the top loaders once a month or two. Load up on pastries in the vending machine and refill 3 times a week. Cheap canned sodas are a good profit.
Your business just got started. Don't expect to make a million dollars in 5 mins. $600 in 4 days is alot. Be grateful for what you have because there's others in the world who wish they were in your shoes. Give it a couple months again & I promise you, business gone be booming brother! But always remember, never give up & never care about what people say or think of you. I wish you more Life & strength bro. Thanks for these amazing videos - Nick 😇
I think it’d be a good idea if you sold tide pods for a $1. Idk how much they sell for but I’m assuming if they sell for $20 ish and get 35 pods that’s some easy money
BLACK DAGGER794 Agreed, my local laundromat probably makes a killing, because they have a whole counter with all sorts of laundry stuff. You could probably automate it or whatever, but yeah, sell laundry supplies
@@MaxJ.ProfessionalLilGuy You could load up a vending machine with laundry supplies! Seen it at a mid range hotel - toiletries, toothbrushes, whatever...
Yes mr Triana there is money laundering going on here how ever now that you have read this we now must ask you to meet the DESTROYER (Pls read in fat Tony voice)
I remember some friends who owned a Laundromat they never lost any money with their investments. I can't speak for everyone, but they built a fortune after selling it with maybe a few renovations. It was well worth it at the time, and still a huge money maker today.. Good luck!
Those card based laundromats have been around for years. I have a card from one I used about 5 years ago. I know even then I saw those non coin based laundromats for more than a few years before that.
You’ll have to wait for the follow up video at the end of the month when he tallies all of the utilities & expenses. A laundromat business thrives in densely populated areas with a lot of foot traffic. The challenge operating a laundromat at a rural area is there isn’t many people around to make it a profitable venture. But people will always need a place to do their laundry.
@@samwarner1612 I think it is more of a point when tide pods are supposed to go into a laundry machine, and he stated that it was a newer nicer model. A hammer can of course destroy an expensive painting but it wasnt meant to be used on the painting.
@@shaun4bigblocksllc grew up poor, evicted 2 times. Dad had heart attack when I was 18, I had to get job at warehouse, brother got job picking trash for city. Got real estate license at 21, started buying property for myself at 28.
+Mauricio Gonzalez Why is there so much jealousy in this comment section? If you're jealous of how much money he's making, then try doing what he's doing. It's not as easy as it looks. It's simple: if you're not working like him and he is, then you don't deserve what he earned. I hate lazy bitter people like you. You're everywhere. Some of you lazy fucks are in here hiding your jealousy while some of you other lazy bums just come right out like you're proud of it. Try it yourself if you think it's unfair.
I managed 3 coin laundry locations, as a word of caution: parts are really expensive, you need to know how to fix the machine yourself (mechanics are $50.00 per hour), you need to do daily clean up, you need to pay rent on the space (this is the killer), if you move into a new space the investment to install water lines and sewage drains can be $100,000 + depending on the number of machines, gas and electric and water bills are another killer, notice he had double locks on the machines because someone with a crow bar can clean you out in 5 minutes then buying the new lock coin hoppers can be expensive (more than they stole), your dollar changer needs constant upgrades because of the government issuing new bills and designs, then of course, insurance for the premises and liability. I wish you luck in your investment, it was great in the past, but I lost my shirt recently and sold or closed all 3 locations..
I know it's a small part of the business, but parts don't have to be expensive with research. Places like Johnstone Supply have much of the parts. Search appliance repair, commercial. (Grainger is expensive)
Honestly I have to wonder, with modern technology would it be a good idea for laundromats these days to switch to a Mixed cashless system like what most vending machines these days have? Less and less people are carrying cash and more people are switching to cards.
@@bigdog2084 He'll def need o lean and do his own repairs to make it. No license needed, just start a secondary sub business for maintenance. That will satisfy the parts houses. Most repair techs are barely over min wage, otj learners (see Sears).
Everything you have said if correct, except one thing. My hourly rate is 85 an hour, and I'm cheap. If you have a wrench who works for 50 and he's good, you're a lucky person!
Literally counting quarters and you're paying for a cleaning person AND someone to edit your cell phone videos? And you're worried about not making money?
![OsamaSon - ik what you did last summer [Official Music Video]](http://i.ytimg.com/vi/4DIQDnu3mr4/mqdefault.jpg)
"Lets see if we made money, lost money, or i should be depressed."
My life im a nutshell...
Same and I wouldn't have it any other way
Sad if he didn't make money
David Fahey Washer & Dryer Cost & Repairs, cost of building, taxes, water bill, cleaning cost, air conditioning repairs and the time involved to manage it all. Plus gas cost going to locations
Justin Ledvina Why?
I don't know, but probably "sad" is more proper than "depressed". As from my very limited knowledge, i suppose depression doesn't really need a reason.
Title: Does a laundromat make money?
My mind: How to launder money
Of course 🤗
Clean clothes 👗👔👖👕👚👘🧤🧦
Same
Lol there are like 5 mattress and 5 laundry places right beside each other in my town 👀
I thought it meant like how to make fake money 😂 what does that say about me lmao
mans gonna make triple off of the youtube videos. genius.
Cyranek, how do you only have 4 likes?
My mans only has 15 likes smh
He made of 10 grand just with this video free money
4 ads ( if 2 ads in 1. 1 ad. ) 100+ dollars. Big gig
@Johnny Testickle he wants some dedocqted wan
Why is this video so much more interesting than it should be.
Yeah lol
Cuz it's good content
Cause it shows money
Ya Dude
@@smar3167 oh
I just watched a guy pour quarters in a bucket for 16 minutes
Keegan Butler Time to delete RUclips app bro. Do more productive things with your time.
@@anthonyfam5469 bruh what do you think productive things are??? Watched this vid too, no regrets.
I say yes and so did I. Lmao
So normal day then?
Keegan Butler and 7 seconds 😂
Who else just sat here for 16 minutes watching a guy get his money?
It was kinda inspiring
Suzanne Sharp me
I was...until saw ur comment
Then I jumped to the end 😂
Suz, I managed 5mins before my life took over.
Suzanne Sharp I watched but pretended it was me instead of making money like I'm supose to be doing rite now
Fun fact: You didn't search for this video
😂
Ya
Xerox So2 lmao true
Fun fact I did search for it
Fun Fact: You are a hater
“If I made money, lost money or if I should be depressed”
FudRFS nice pfp
Stolen comment
Wow! It’s almost like we watched the same video. How weird.
I’m sure he’s had those kind of months... good with the bad
"No money in there, which is fiine"
I felt that
My wallet.
dillybar5100 lol ur bot is on the wrong video
Lol
I literally felt his sadness
I'm so evil, bruh I'm laughing
😔
If you're near a university, youll be good.
Rick Regina wouldn’t the college have one on site
@@mrsouthcentral42021 Yeah they do
SUNY has it for free lmao
@@mrsouthcentral42021 they do but they are always full so i just walk to a near by local one
From experience, the ones at the university are always full when you need them the most.
noone:
youtube: you wanna watch a dude get a bunch of coins out of his machines?
the answer is YES
jojofromtx I never get these “jokes” when I see them. What does “noone” mean here? What’s the point of the joke?
Haha funny original dank edgy wholesome meme
Can we stop desecrating the corpse of this dead meme?
I found it funny
I could honestly just sit and watch a person take money out of various machines all night. It's satisfying.
Make it apart of your reality
And here I am, watching a guy retrieve quarters from his laundromat...
Lunaik me rn at 3 am
No one:
RUclips:
Sad part is you're not alone in this... 🤦
its oddly satisfying
@@Eperdomo86 yeah
This makes me want to start a business
Go for it but it's not all peaches and cream.
@@justinquinn7995 i think I've seen this phrase somewhere...where is it again :\
Facts
I feel this
Same so ya
12:16 “don’t try this at home kids”
Me : ight let me put away my coin counter machine then
Kevin lol
Lol
lol
Surely this is money laundering......someone had to say it
@@jamesgoodwin2450 you were supposed to say lol and continue the chain
A good way to start out a life of peace is to get a laundromat in a poor town and just chill
🏧
Classic supply meets demand right here
Plot twist: this isn't his laundromat
Lots of genius going around in this thread
😂😂😂😂
😎🎶🎶
Lmfaoo
😂
Lockpick:100
Hi
I'll see you as well. If we make it back, I'll buy you some expensive drinks 😁
Same, and maybe this guy will be ricj
K
NoTownSolace can’t wait 😂
I actualy got that now, for some reason.
Maybe cause its a way to live by
I like how he mentions.that he upgraded his collection bucket
Michael in Houston if it works, no need to complain
He's a lonely, lifeless puss
Business expense
tax write off lol
Rat poison bucket. I like it.
So nobody’s going to talk about we all just watched someone collect quarters for 16 minutes
crazy when people tell how they viewed this. some a waste of time others learned something. difference? losers and winners in life.
Yeah and another 10 mins reading the comments 🤦♂️
I skipped most of it because my IQ is above 85.
@@Jafmanz give the kids some credit dude he's working it out
Not Darian he
The real question: Does a laundromat launder money?
With a big enough washer and dryer it does.🤣💵💵💵
@Chet Carson what profit? irs don't know nuthin, and you don't either, capisce?
If business done properly, yes.
Haha that was going to be my question for the day
No only dry cleaners do. Money is dry clean only you doofus!
It's getting colder outside.... Soda machine sales go down when it gets colder. Time to start looking for a coffee/hot chocolate vending machine!
yes, this is a great idea for sure.
You might want to consider selling some hot chocolate/or coffee out of a designated area if you have someone who manages your business while you're gone. Since it is a seasonal merchandise, but whatever saves you money in my humble opinion.
Too much maintenance, you'll have to clean it.
You can put self heating coffee/hot chocolate cans in a vending machine. The problem would be advertising them to USA customers that have no idea these exist.
@@Shadi2 wait...those exist?!
“Not too bad”
*IRS agents gaze intensifies*
They rubbing their hands like Birdman.
Excuse me, but how did you bold your text?
ScotSpeed *a pinch of magic and some pixie dust*
No but seriously just put an asterisk “*” in each side of text
@@NathanTschappler That's cool. I have pixie dust, too! I didn't think to try that.
But thanks! Any other tricks like italics, underline, etc.?
“ they ask me for a refund and i send them a check “
*send them $1.00
Lol what the point
"It's hard to sell food when there is no food." - This guy.
@my Bluebird Bluebird *walmart*
@@MrBeans1227 *walmart* - Brandon 2019
You can also sell drugs and say that cash came from the laundromat.
Laundering at the laundromat. I really hope you had that pun in mind haha
Matt Grisham that’s how money laundering started, a man started a laundromat
@Genes Shhhhhh
@Tyler copy
Tyler cause scientists love lasers
Forget those negative comments. This is a great RUclips channel. I’ve always been interested in a laundromat and to see it first hand and what’s needed will definitely help me out on making that decision. Keep it up. Great content. I’m also a real estate investor in Miami, so to see you with your rentals is great.
Preach
😂🤣😅🤣😂👍 if the guy hadn't spend over $60,000 just for equipment, he probably owes money & it would take 6 to 12 months to gain back investment. And that doesn't include rent and maintenance
@@somphothbsiratsamy3748 long run coul work tel you from my experience
Awesome! As a real estate investor and laundromat owner myself I just wanted to say, Keep after it!
Thanks for the subtitles
**pours coins into the bucket**
RUclips : [Applause]
“We’ll see how we did, I made money, if I lost money or if I will be depressed”
the last 2
Every time I'm collecting my paycheck
You know tide pods are dangerous when they can even kill a washing machine.
capitancoolo1 tidepod sweets
Oh shit this comment made my night
But they are sooo delicious!
new drinking game : take a shot everytime he says "not too bad"
Kevin Ouyang evertytime he says "alright"
please don't you'll be dead a few minutes in lol
How bout every quarter he gets from each washing machine
A shot of tequila for each quarter. Haha
washing machine: has quarters
dude: not too bad
Shoves handfuls of quarters in the machine
“Oh it’s jammed gotta fix it”
Keeps shoving handfuls in the machine 😂
He reminds me of a young "Jimmy Pritchard" from king of the hill.
oo ee holy shit yes
It's so satisfying to watch this kind of videos even if you're not in this type of business! Cool stuff keep going mate
It was satisfying for me to watch too. I was also thinking about how this might be more efficient if customers paid with credit card, although that would be less satisfying to watch. Acutally, it might be best to have the machines accept cash, change, and credit card. Or, add an ATM machine so that the customers can withdrawal $20 or so to spend in your laundry mat.
Now I'm wondering how many quarters an arcade would have...
ok arabic sponge bob
And when you have to be up at 3:15 am and it's 12:08am. Not that cool but I'm fucking hooked!
@@mgfons Great idea, however, atm machine companies won't give you a machine unless you have a full-time employee there during the hours he's open.
"1776 Quarters"
Yep, the capitalism checks out.
$444
@@taekwondomaster4609 If you're 555, then I'm 666.
Carlos Matos I’m 777 then lol!
IM 999999999999999999999999999999999999999999999999999999999999999999999999999999999990 THEN
And I’m 1
"If I make money lose money or should be depressed"
Says investment joy
That is indeed what he said
This is how many times he said alright
👇🏻
Like beggar
yep
@@suediehl8860 yep
My woodshop teacher
When I started editing my youtube videos I learned that I say it a ton too.
I would be more interested in how much the retail space rents for and how much the utilities run.
Yeah the title is almost click bait
His is probably relatively cheap.. It doesnt look like a high trafficked area and it is a small, older space. But laundromats in big cities in crowded areas can costs BIG money to rent monthly or buy and can also bring in big money as well.
@@l.k5244 It really is. I had 3 ADs while watching this.
devianb he says at the end of the video he’ll be making a video about all that at the end of the month
@@idonotconsent Define money maker long term. 1 dollar a year profit is a moneymaker longterm. He hasn't had a plumbing break or a big money washer break on him. Here's a hint. Wescomat parts make Maytag Commercial look like Sears parts pricing. He is one major breakdown or vandalism away from being in the red. His vending is bringing a larger margin than the washers are.
Yes it does.
They don't call it money laundering for nothing.
I am one of those folks who wish to work a few hours at home everyday to gain a lot of money. I`ve attempted other methods and tactics, and not one of them have worked till a good friend advised *4NetJobs. Com* I looked it on the search engines and today my every day income is over One hundred dollars. .
@@jessicachloe13
R/woooosh
@@jessicachloe13 r/wooooooooooooooooooooosh
we were all expecting that.
Nice.
Just friendly advice, please make sure you are being safe, securing your location, being aware of your surroundings, not using the same collection schedule, etc. (edit: when you’re counting out your money*) We’re all here supporting you get your money, no one wants to see you lose it. Keep up the hard work and congratulations on the success!
FACT: If he had a quarter for every time a person inserted a quarter in his machine he'd have exactly 1776 quarters
Joe EJOne wow how long did that math take you. It would have taken me like 10 minutes just to add that up. You should get a math degree
July fourth 1776...
Strategy Gaming.
Joe EJOne some people could have used it twice
Long live July 4th, 1776! ✊🏼🇺🇸
Down with the british!
I wouldn’t be keeping my doors unlocked while collecting money like that...
Yeah, tweakers will gitcha.
On time me and my friend did a lemonade stand and we had to count our money it was getting dark and he was like let's count outside so we counted outside something scary happend
.
.
.
.
Summer break was up in 2weeks at the time
@@vicgamesvt9682 what?
@@billybbob18 he's in a white area
@@PhildoBaggins
I can take you to an entire community of white tweakers. It's called Oildale CA. Area code 93308. Probably 20,000 white tweakers live there.
He breaks even every year. IRS never asks any questions.
Savage ....
agree
Really though, if towards the end of the year he has XXXX profit but doesn't want to pay any taxes he can make purchases for the business to reduce or eliminate that profit - nothing illegal about that. Where it becomes a problem is when purchases/expenses that are "for the business" are actually for personal use. For example buying new washing machines vs. buying a new Rolex watch.
@@arizonabuckeye Ok,, that makes sense,, Thanks,, that's the missing piece right there,, Thank you,, yes,, Just buy another washer,,(or make repairs would work also?) You just save receipts. SO if you make no profit,, you still need to file the taxes,,
Well he does. Every dollar he makes goes to putting some girl through college.
This inspires me to make my own store try to get 5 likes
Andrew Wehling go for it man
Do it! We can show you how :) It really is doable
way to hit a realistic first goal as well
Same
“Don’t try this at home kids”
Yeah cause I surely have a coin sorter and thousands of coins
PythoniX lol 😂 yes I will not try that for sure
Put in a machine in to give quarters for bills.
I would say priority is getting those machines fixed man most of them seemed broken. Gonna lose customers if they dont work
@JMFS dude, this is how the world works. If he wasnt charging this much money he wouldn't make a profit. Poor people can buy a washer and dryer on Facebook marketplace or Craigslist for cheap. This is capitalism my guy
If I was you, I would separate income from each machine especially vending vs washing/drying to calculate the return of each item. I think throwing all the coins in a single bucket is not an effective way to learn the idiosyncrasies of a business. If your new machines were pulling double the revenue of the old machines, that is valuable information that change may your strategy.
Perhaps being a bit more data driven could benefit your business.
I have seen plastic gizmos that sort coins and count them for rolling.
It would probably be worth using the counter, writing the result on a form and dumping the coins in a bucket.
IT does not have to be 100% accurate at this point.
maxbass that’s not how it works, if you go to a laundromat with $5 dollars worth of clothes to do, you’re gonna spend $5 total. Some washing machines do use less water though, so they make a larger profit. The most important factor of making money though is having a market or making a market.
When you restock you kinda get to know how much sales occurred
For the record dude said he had $600 worth of quarters half way through checking. Then ended with $444.
@@holyarmageddon19 no, he said the bucket can hold up to $600 worth of quarters.
If he is smart, he will check the quarters for ones from the early 60's. They are 90% silver.
Norman Teague I think he does
The LockPickingLawyer should do an episode on these lockable trays.
He would have the whole place opened quicker than the length of this video.
Is it bad that i read lockpickinglawyer in his voice like in his intros
@@brainslimedb686 I think it's the only way to read it.
Great to be in the Click
That was my thought too
I think putting tide pods in the vending machines would be a good idea. You never know who wants a quick yummy snack.
phục êwê No shit
Tide pods are effective at rooting out heresy from the body.
As dictated by the Emperor's inquisitors.
R-A-H_- that was pretty clever
@@tyler89557
Pods for the pod god! Soap for the soap throne!
Glory demands sacrifice!
Lol
this is how many times he said not to bad
Okay like beggar...
Wait he's not a she?
*too
@@SilentAndy he didn't beg for anything
Fun fact: the dislike button is useless cuz it doesnt even show the dislikes
I knew a boy whose dad owned a laundry mat and as a chore, he had to unload the money from the vending machine and reload the drinks. Well one day when he was doing that, a group if older boys jumped him and took everything....well except for the machine.
The snack vending machine looks like it hasn't been vending right
@Chet Carson that or he just didnt have it stocked full last time but the way he sounded he made it seem like he did have it full
@Chet Carson it's a charity machine
snack vending machine almost empty only big backs holding onto it
*15 dollars not to bad*
prop some homeless ppl flipping
I'm glad this guy is just being himself and not letting anyone bring him down and guess what? Hes making quite a decent profit each collection day so yeah screw the haters
BrutaLight Sparcake ok boomer
@@alexzeggert not a Boomer tho
@@alexzeggert uno reverse card
@@alexzeggert bruh imagine trying to bring down a guy who has his life together
@Blu'z look at the dislike button idiot-_-
How much is water? How much is electricity? Taxes, maintenance, ect? Congrats man
Depends on the area he lives in
Also he is not paying employees, that saves him a ton
John He will be in the Red after all expenses paid. Congrats
@JMFS It's a high capacity dryer, most I've seen can dry three loads at once, which actually saves people$3.50. (The regular one load dryers were charging $2.50)
@JMFS you buy s shop ,, but washing machines and dyers the coin operated ones will be a thousand bucks each ,pay water ,electricity ,repairs ,tax and see how much you can do it for ?
"Not too bad."
Me: HOLY DAS A LOTTA MONEY
i’m a super paranoid person i suggest locking the doors when you go in to count so no one can rob you you’d be surprised how many people really strategize their robberies they’ll watch you come in and calculate or estimate the hour you come in to count and take advantage i just say this because i’d hate for you to take a down fall from criminals and you definitely had put in the work for this place
Ivy Needle I hope he Carries
yea i feel the same too
Ivy Needle he lives in a white boi area, homeboy good, and who wanna mess with him, he pretty big, he’ll just stomp on there asses.
Ivan Cervantes race has nothing to do with it
Schizophrenia?
I freaking love this!! Laundromat has been idea I’ve had in my head for awhile now. Very excited to watch the upcoming video.
Get at it man!
i had this idea as well, though he did not state the actual cost of running his laundromat. Operational cost was not factored in during the (4?) days of use. Thats what I am interested in.
Cameran Manner if you watched the entire video, at the end he said he would be releasing a new video going over revenue vs. expenses and stuff like that!
@@jizzo2009 LoL! hey you're right. I guess i was typing at the last minute of his video.
Same here
"Does a laundromat make money?" Tune in next time to get the actual answer!
Yeah really, wtf? Clickbait or what?
Well... obviously it does... or else nobody would run them
@@cazwydrzynski3873 i mean this guys clearly making money with how much views hes getting on these videos
@@cazwydrzynski3873 if that was true, why would someone sell the one he bought?
@@JonathanSmyth5 Ok so the answer is it might make you money it might lose you money. Wow what a fucking surprise.
Isn’t the change machine not a money maker because it’s literally exchanging money for the same amount
the quarters are the money maker because the more quarters he puts in there, the more money can be put in there in exchange for the quarters. So if he makes 1,000 dollars in quarters from his machines he can put them in the coin exchange and get 1,000 dollars cash for. He then takes the 1000 dollars in cash out as profit and hopefully the machines made another 1000 dollars in quarters so he can get another 1000 dollars in cash out and keep repeating. Basically the quarters are the profit but he does not touch it until it is turned into cash in the coin exchange and by then he's already made more profit in quarters to turn into more cash.
BIGMONEY MEDIA thank you for explaining 🥰
This isn't a bank his just counted his coins it didn't give him dollar bills in exstange for quarters and if you ment the coin pusher that does make money most of the time because a lot of times you put a coin in and didn't get coins back
:edit okay everybody i typed this on an old ipod and it has a small screen i clicked the wrong comment thats why it is so wrong i am srry
Robert Prescott bruh you didn’t read any of this right try again
@@egg_master7978 you must have missed a part of the video where he goes to his coin exchange machine. You know the one where people go to get quarters to wash their clothes with because they just have dollars. She is not talking about the coin pusher or the coin counter.
*insert joke about money laundering bc its a laundromat*
Didn’t even think of that 😂 funniest thing I’ve heard in a while
Was looking for this
Tbh I think some are from laundromats. (Although more of multiple chains of it)
There is nothing funny about laundering money i tried it back in my drug dealing days and all i ended up with was wet soapy money ☹️
@@heatheryllanes6925 sounds like you forgot to run it through the dryer after you washed it
I'm interested to see if you made a profit at the end of the month. I ran some numbers on my end with a bit of guessing on what your other costs will look like. I think, before accounting for your start up costs, you're going to have made a profit of $1000-$1500 for the month. Some of this will need to go toward your paying off how much you bought the business for and purchasing new machines (start up costs). Overall, I think you'll make a profit, but it won't be livable wages. I think you'll need to have a few laundromats for livable wages. For the little time that you spend overseeing your laundromat, I'd say your single laundromat is an excellent way to let the business make money for you (even it's not a ton of money).
Just ignore the negative comments, they have nothing better to do in life.
+Pablo Do you have a better use of your time?
@@vinnievictory1186 gottem
@@vinnievictory1186 I watch these videos for entertainment, if I don't like the content I just stop watching, no negative comments required.
@@pabloascencio7397
So you're not wasting your time by hating the haters but the haters are wasting their time because they're haters...
Wat?
@@forbandyson8921 😆😆
For some reason this is satisfying when you put the change in
Dont forget to lock that door behind you while collecting the money
was thinking the same thing.
I'm sure he's packin heat, but still you're right
did he not? he would have been dead in minutes in my neighberhood
I'd be more interested in seeing what the actual profit is .
16mins of practically no valuable info
@@CBielski87 yep... wish i knew how much atleast one machine was, i wonder how much it is to pay rent for that place, and then theres the massive water/electric bill.... might take a few years for that guy to make his money back id say
I mean, it's going to take a couple of years before he makes his money back from those machines. Chances are they're real low.
Right. I owned a tobacco store that had 45k revenue a month but the profit was way lower. I'm 100% certain his margins are way better though.
He made about 800 revenue in 4 days.
It’s good that this guy has made a living like this he enjoys it loves his work an proud of it that’s great
He would make more money if half of the machines weren’t broken down
That’s a pretty smart analysis
Samuel Bates yep
Save the turtles Sksksk not that it matters, but I just subbed to you because of your user.
He really wouldn't though considering that he would have to buy new machines
Austin Eckels well he would lose money on buying them then overtime he will get all of his money back. That’s how investing works (I’m not trying to be cocky)
Its a pain in the ass of a business. Machines constantly breaking, people constantly needing refunds, dumb teens trying to break into them for weed money, ect ect.
Have an attendant that does wash and folds.
@@donaldg.iiivaleska7344 Then you're dealing with employee taxes, slackers, etc...
Hey loved that at the end you said “this is revenue not profit” so many SBO’s fail to make that distinction and it causes huge problems.
Michael Carlson what’s the difference
@@twan14_ Profit is after all costs are factored in, Revenue is just income generated. So if revenue is less than costs, you operate at a loss. But if Revenue exceeds costs then there is a profit.
Profit = revenue - total cost
Is money from an quarter exchange = revenue?
NedBark no, there is equal exchange.
Interested to see the expenses. Rent, water, hydro, repairs, all adds up
I believe he bought this place and owns the space.
@@tanamurphy7388 oh? That makes my opinion A lot more optimistic. If he doesn't pay rent he might actually be making a profit
DmD he says and shows in another video the mortage payments he makes.
Colin Hart well He said 3-4 days =600 that’s like 5-6 k a month
@@dannyvee4499 that was a weekend tho. Weekdays aren't as busy. so 3-4 days is $600 I'd say he's making around $800-900 a week, I'd say a bit less than 4k a month
“I read all my comments so u can find me there”
*over 6K comments*
Course I didn't expect 6k so...
Him:sees 15 quarters* that's not to bad
Me:thats enough for me to eat tomorrow
jay Wilson lol
Four bucks?
@@heatherschimmel6435 i guess so..😂😂
Yep
Ima eat good today😭
As someone who has had some time in the business. It's only worth checking the top loaders once a month or two.
Load up on pastries in the vending machine and refill 3 times a week. Cheap canned sodas are a good profit.
@LeBron James yes you would ;) ;) ;)
@LeBron James believe it or not, regular sodas are a quarter a piece when buying in bulk
@@mnblade7263 probably thought off brand
@@dzengerink cheap canned is trash noone will buy...
G M no it’s brand name soda for 25 cents a piece but you gotta get like 500 a time or you don’t get it that cheap
“Don’t try this at home kids Let’s pretend ima professional” how dangerous is it really 🤨
Get your fingers caught in that, when your fingers comes off you'll get how fast it's moving.
Lucky lee r/woooosh
Phillipe Farneti ok boomer
Joreliz that’s not a boomer moment
Paradox Sponge ok boomer
This is the type of stuff I watch at midnight
Same here
Ikr
Your business just got started. Don't expect to make a million dollars in 5 mins. $600 in 4 days is alot. Be grateful for what you have because there's others in the world who wish they were in your shoes. Give it a couple months again & I promise you, business gone be booming brother! But always remember, never give up & never care about what people say or think of you. I wish you more Life & strength bro. Thanks for these amazing videos - Nick 😇
Nicholas Heeralal hes rich so it seems like a little
twitch moments he’s not rich he’s doing ok
@Trollanasscopy how is this not a real job?
Not a lot when you count expenses.
If he didnt have so many old machines that constantly break down he would actually be making money.
How does one go about fixing these machines? This has always been a question of mine.
He could probably get an ounce of coke of all those billz.
That was very edgy and cool. Would you like my babies?
Matt Feyer or like 5 pounds of some loud
@@mrbodycatcer Hahaha
Lonestarjoe 25 you must be like 9
14:12 Him: so we have 1176
My mind: MMMMM 1776 gumballs
Starfall?
QUARTER FELL ON THE FLOOR
edit: oh good, he noticed
I think it’d be a good idea if you sold tide pods for a $1. Idk how much they sell for but I’m assuming if they sell for $20 ish and get 35 pods that’s some easy money
BLACK DAGGER794 Agreed, my local laundromat probably makes a killing, because they have a whole counter with all sorts of laundry stuff. You could probably automate it or whatever, but yeah, sell laundry supplies
all the kids love to eat them too so might be a big hit
@@MaxJ.ProfessionalLilGuy You could load up a vending machine with laundry supplies! Seen it at a mid range hotel - toiletries, toothbrushes, whatever...
Guys, he has detergent and fabric softener dispensers, those were the quarters on the counter.
I don't think anyone would pay 1$ for a tidepod, 50 Cents.
There is a "Money Laundering" joke in here somewhere.
How about "it doesn't make money, it just launders it".
breaking bad>
Give us your dirty money, and we'll keep you clean?
Yes mr Triana there is money laundering going on here how ever now that you have read this we now must ask you to meet the DESTROYER
(Pls read in fat Tony voice)
That's funny!
I remember some friends who owned a Laundromat they never lost any money with their investments. I can't speak for everyone, but they built a fortune after selling it with maybe a few renovations. It was well worth it at the time, and still a huge money maker today.. Good luck!
“No money which is fine” (what i said when i looked in my bank account)
You'd have to be a full-time loser to achieve that rare status of failure.
Get yourself a laundromat and fix that :)
Hahahahaha
Ok
Would def like to know what the water/electric bill is. for + and - curiousity
@terry waller WHAT THE HELL
NO COINS NOW🤔🤔🤔😲😲😲🤤
ME TO LET ME KNOW WHEN YOU GET THIS INFO
THANKS
Those card based laundromats have been around for years. I have a card from one I used about 5 years ago. I know even then I saw those non coin based laundromats for more than a few years before that.
Still trying to find out if your laundromat is profitable or not.
Lol
same doubt here, i think its barely profitable
@@gregoriosoutelo414 I mean yeah it does bring in money but probably costs a lot to run
I know same tho.
You’ll have to wait for the follow up video at the end of the month when he tallies all of the utilities & expenses. A laundromat business thrives in densely populated areas with a lot of foot traffic. The challenge operating a laundromat at a rural area is there isn’t many people around to make it a profitable venture. But people will always need a place to do their laundry.
RUclips recommended this video to me. And I'm glad for you. In 3.75 days you made $600 revenue back. You are doing pretty good in my opinion.
Tide pods broke down a several thousand dollar machine
A hammer can smash a 100000+ dollar painting
@@samwarner1612 some scissors can cut it
@@samwarner1612 I think it is more of a point when tide pods are supposed to go into a laundry machine, and he stated that it was a newer nicer model. A hammer can of course destroy an expensive painting but it wasnt meant to be used on the painting.
We got mr smartass here
They probably put them in the top instead of on the inside
Damn who else wants to be him he's probably going too be rich when he grows up more
Mauricio Gonzalez facts
@@shaun4bigblocksllc grew up poor, evicted 2 times. Dad had heart attack when I was 18, I had to get job at warehouse, brother got job picking trash for city. Got real estate license at 21, started buying property for myself at 28.
+Mauricio Gonzalez Why is there so much jealousy in this comment section? If you're jealous of how much money he's making, then try doing what he's doing. It's not as easy as it looks. It's simple: if you're not working like him and he is, then you don't deserve what he earned. I hate lazy bitter people like you. You're everywhere. Some of you lazy fucks are in here hiding your jealousy while some of you other lazy bums just come right out like you're proud of it. Try it yourself if you think it's unfair.
Dawn no that only 800
If you want to be like someone start doing what they're doing! You can do it!
Why is this video recommended and why am I watching it
GypsyDang3r02 so you know not to invest in this!
“I’m pretty sure you can’t sell food with out food”😂😂😂😂🤣🤣😂🤣
Now I know why Mom always said to wash my hands after handling money. She knew someone somewhere was collecting coins in a rat poison bucket.
Why was this recommended to me? I don't want to own a laundromat.
Maybe you are smelly & your clothes need washed.
If I wanted to own a laundromat I certainly wouldn't want to own one that needs so many repairs and upgrades.
@@ThePhuku not smelly here. I always wash my underwears after 2 consecutive days.
Same
i actually do rn lmao
for the moody ambient
I managed 3 coin laundry locations, as a word of caution: parts are really expensive, you need to know how to fix the machine yourself (mechanics are $50.00 per hour), you need to do daily clean up, you need to pay rent on the space (this is the killer), if you move into a new space the investment to install water lines and sewage drains can be $100,000 + depending on the number of machines, gas and electric and water bills are another killer, notice he had double locks on the machines because someone with a crow bar can clean you out in 5 minutes then buying the new lock coin hoppers can be expensive (more than they stole), your dollar changer needs constant upgrades because of the government issuing new bills and designs, then of course, insurance for the premises and liability.
I wish you luck in your investment, it was great in the past, but I lost my shirt recently and sold or closed all 3 locations..
I know it's a small part of the business, but parts don't have to be expensive with research. Places like Johnstone Supply have much of the parts. Search appliance repair, commercial. (Grainger is expensive)
Honestly I have to wonder, with modern technology would it be a good idea for laundromats these days to switch to a Mixed cashless system like what most vending machines these days have? Less and less people are carrying cash and more people are switching to cards.
@@bigdog2084 He'll def need o lean and do his own repairs to make it. No license needed, just start a secondary sub business for maintenance. That will satisfy the parts houses. Most repair techs are barely over min wage, otj learners (see Sears).
Everything you have said if correct, except one thing. My hourly rate is 85 an hour, and I'm cheap. If you have a wrench who works for 50 and he's good, you're a lucky person!
@@stevebat2072 True, but everybody who goes to a laundromat knows that your either need cash or quarters when you go.
i am responding to the title: YES YES IT DOES
My comrades, see you all in 4 years when this vid gets recommended again.
hey communists, see you stolen those comments this is going to be 7 years prison
@@nazgul_i yessir
"I'm sure that's not safe" proceeds to stick hand in again😂👍🏼
love what youre doing here. just some real wholesome content. you said you read all your comments so heres a happy one (:
Fun fact: we love these videos when we are bored
Literally counting quarters and you're paying for a cleaning person AND someone to edit your cell phone videos? And you're worried about not making money?
Jay Lewis made me laugh.
he does a lot of other things other than the laundromat i think