Three Businesses That Never Fail
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- Опубликовано: 1 июн 2024
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It's no secret that the world's becoming a tougher place.
That's why I've made this, to show YOU three businesses that can weather down markets.
Why? Because we are here to free humans, not to get rich quick. We are here to become owners, not to speculate. We are here for you.
Buckle up. We've got your back.
Check out Investment Joy Here! @InvestmentJoy
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All content on the Codie Sanchez RUclips channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. 
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![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
I wasn't ready for this level of quality of video :)
Yayyyyy!!
@@CodieSanchezCT how many accounts do you have or these are just fake accounts???⬆️
@@fishing-kj3ee they are fake. They’re scams
Codie says jump! You jump 😂
Could you explain the $20 you pay a person to fill a machine, this I need to hear some expansion on please Investment Joy.
Great info, but I would advise anyone investing in a business that requires real estate such as a laundromat to purchase the real estate, don't rent and if you can't purchase it, don't buy or invest, dont even think about it. If you don't own the building, you don't own the business. It's a harsh lesson I learned. You are going to be paying rent, you might as well be paying a mortgage and build equity. Renting a building for a business is a bad deal in my opinion and I learned that from the school of hard knocks.
Yeah I noticed that the foreigners do this.
Thank you! Be blessed in all your endeavors.
Nah. I have a few businesses and I rent the building. Most businesses around the world you rent the property. The is to have a good long lease and rent amount.
Thank you I neeeded to here this
Appreciate the background information. The details help.
We have had a vending business for awhile. They are profitable, my only advice to anyone interested is that, outside of the importance of the location of the machines, this is a volume business. It wasn’t until we had about 7 or 8 machines that it started making meaningful income. A coupe machines won’t bring in much but you have to start somewhere right? Great videos btw!
Where did you buy your machines from? I am looking into buying a couple
The best RUclipsr for zero BS and being a nonstop waterfall of information while always keeping it entertaining!
Everyone ignores residential trash collection. It has always paid my light bill. Plus I bill my customers 90 days in advance. Best kept secret in business!
Codie, THIS is the type of video I've been wanting that breaks down the cost, profit, time, "stats" if you will, etc. IF you could do more videos like this, I'd owe you BIG TIME! Sincerely, BIG TIME. Also, adopt or mentor me please. :)
Your other video about, "...investing couple grand in "this", but you won't on "that"..." really spoke volumes to me. Again, thank you.
Codie you are amazing. Your ability to communicate and the camera loves you. Thank you for putting out such powerful content.
mind-blowing. here in Germany we have the same problem: small businesses dying. I buy at small businesses for support, but the idea to buy the hole thing alltogher is brilliant.
Really hated the ROI on our vending machine business because of the amount of time it took to restock, including the buying of the stock,,, best day in the vending machines was when we sold them 🤣🤣🤣. You summarize it really accurately at the very end. Thank you
Just lost a location and thinking once I get it placed again if I should sell my route or just keep it there. No easy answers in business!
I know someone who went into the vending machine business and lost big time.
We had 7 machines in 2 good locations. A rec center where they had basketball tournaments and an office building lunch room. They made a ton of profit. I never looked at shopping stock as a loss. It just never bothered me. The only downfall was greedy hands stocking them. Otherwise, it was a great business.
As usual thank you so much for producing great content videos they are very interesting I usually watch them from the beginning to the end. Your transitions are very cool keep them up.
I saw Codie’s interview on The Diary of Ceo a couple weeks ago and now I’m hooked! The contents that she produces are valuable and attainable for new aspiring business owners. Thank you Codie!!
Aside from the fact that Cody is an absolute sweetheart and a joy to watch, it's the sheer passion for her craft that mesmerizes me. I just want to learn
she's a scammer. google her
Agreed
Only problem with laundromats would be security, because usually low income use these, and in an undesirable location, too much of a headache
There is nothing to steal
@@christiancsqVandalism
@@Brasil2013yup. Sometimes people are just ash holes and ruin stuff just for the fun of it.
My wife and I are hooked with your videos, no BS just straight to the point, great info!! Great job!! 👏👊
These are some great ideas and video! Love the duo! Merry Christmas!
Thank you Codie!
Great content Codie, keep up the great work!
I’m such a fan of your videos. I have around 14k saved and I’m on the hunt for a laundromat as my family’s first owned business. Let’s go!
I've kind of been looking around my area too, but it seems they are hard to come by. That tells me they are a keeper for life. So I may have to wait for someone who is too old to deal with it or wait for them to die.
Love yu !!
Yu are one of the few women who are so inspiring . I wish if I could follow a bit of yr path and change my life
Love the Video Codie!!!!
Add a bit of camera movement with the magical switch. When you jump up, move the camera up with you, when you jump down, move the camera down as well. Then the transition feels more real
$3 - $4K/month including a vending machine, Arcade machine, coin-drop machine AND additional rental spaces on top?! Sounds like razor thin profits to me! 😬
Worse then owning a restaurant.
Yep that’s what I was thinking..
Love your content, as always. Man Laundromats have so many moving parts! Not just the machines, but so much with vending, locations, washing supplies, LABOR. Clearly it is a business that works no matter the economy, but you have to spend YEARS getting your business in line.
Great video Codie! 👍
Fantastic video thank you!
oh my .. I love Codie Sanchez personality so much. Damn.
Codie on Vending machines and if you want to put them outside business premises you don't own. Any tips for what would be a couple good models? E.G. Model 1 you pay a rental on the space, model 2 perhaps you split costs and share profits.... Be good to see an analysis video on this please!
Nice, best & educated channel cody sancez
Great information once again!
Hi codie, Love the content you're putting out. But please consider putting time stamps to the critical information. Thanks
Wow... who needs business school? These clips are awesome.... seriously. Nice work!
Great channel buying and or selling businesses seem very intense but profitable
Your channel is amazing 😻
THANKS FOR THE INFO CODIE""👍👍
ᴅᴍ ⤴️ ɢᴏᴛ sᴏᴍᴇᴛʜɪɴɢ ᴘʀᴏғɪᴛᴀʙʟᴇ ᴛᴏ sʜᴀʀᴇ ᴡɪᴛʜ ʏᴏᴜ ⤴️...
So true I love clean clothes and shiny cars, great video editing, presentation, and truth! Entertainment as well as educational 📸🌞☕💰
Awesome video! The main question I always have: how do you even find laundromats for sale? Or any other business? Websites like LoopNet can't be the sole method of finding leads, and there is too much activity going on for me to believe everyone is just buying and holding for 10 years. A vending machine route? I've never seen one for sale, never seen one for sale even within 100 miles of my house. Start going to Rotary and Kiwanis meetings (in the US) and start talking to people? Talk to bankers? How do you find these businesses for sale where the seller is willing to finance you? Sounds like a unicorn to me.
I see these businesses for sale occasionally on Facebook marketplace and I've seen them on my local MLS. You definitely need to be searching for them since most businesses won't put up a sign saying "FOR SALE" even though some do.
If you want a deal on a laundry mat first locate the worst one in your area. The worst one will be more likely to have an owner who doesn't care much for his business, and you can earn some sweat equity fixing it up the way you want it. Then approach the owner and ask if he's ever thought of selling. If he says yes then pitch him on owner financing so that he can keep making a paycheck and won't get taxed out the wazoo. There are many baby boomers retiring and wanting to sell their business but don't know how to or they are paralyzed thinking about the taxes they'll owe.
Hey Codie! Thanks for shouting out my homeland The Bahamas!!! 🇧🇸🇧🇸🇧🇸 I’m actually laying up in the Bahamas watching this amazing video!! #islandhustle #digitalentrepreneur #242Bahamas
0:58 Laundromat
3:32 Vending machines
6:18 Car Wash
Awesome content. I am really intrigued and inspired. Looking forward to doing more research and beginning my small business journey. I appreciate the quality and thoroughness of the video. I'm binge watching your content now.
Location very important. Any biz in the hood might get vandalized anything not bolted down will be stolen
She’s great! Subscribed.
Codie your always dropping knowledge. Looking forward to meeting you in January with Ryan and Pace. Victor Da Connector. Dallas Texas
This was awesome! Great beginner business for anyone to dip their toe into entrepreneurship.
I have a jag xkr and the car wash buffer broke and dented my car , the car wash was great they fixed it for me
Great Stuff, Codie!
My two favorite youtubers in another video together, great video.
ᴅᴍ ⤴️ ɢᴏᴛ sᴏᴍᴇᴛʜɪɴɢ ᴘʀᴏғɪᴛᴀʙʟᴇ ᴛᴏ sʜᴀʀᴇ ᴡɪᴛʜ ʏᴏᴜ ⤴️...
I am soooo thrilled by you! I'm very grateful you are in RUclips. Can you give a part two to this? I know it's a lot of filming but I would like some other ideas. I do think a laundromat is on the horizon though
Thanks Codie
I love his t-shirt sports coat outfit 😂 it's awesome!
Congratulations! You are one of my lucky viewers today. I have something useful to present to you⤴️⤴️⤴️.....
Really great episode Codie! Keep up the good work!
I haven’t seen a manual car wash in years. Here in Chicago they’ve all given way to drive through washes.
Love your energy! Great content everytime
I have some questions about seller financing and how that works. Love your content!
Great video, thanks.
Laundromat is not really a thing in Europe. Every house and apartment has its own washing unit. Vending machines is actually smart idea, I am afraid that people would destroy it. I grew up in a city of 30k, there are 4 car washing locations. All except one are on land of a parking lot of a supermarket
There's no reason why you would need to be in the same town you grew up in to buy a carwash though.
@Ronda My Love I've tried to say that car washing business is oversaturated in my region and country. Vending is not.
This is why God invented Red States, where they actually enforce laws. Turns out that is good for commerce. 🤔
Hello Codie, you are the best discover on youtube ever. I have a question, if I have properties that I got from my gramparents but need a lot of money invested in repair. What should I do?? Thank you :)
What can we start with the smallest amount of up front cash that can scale from lots of time involves down to little time with hiring, and how can we get started step by step?
Interesting to watch, especially now that CPI has been trimmed down and we might not face an unemployment surge.
She's right about one thing, It's certainly getting harder.
These are American small business's, however they are also in most countries. Still a good video. Also very good insights. Culture and regions come to mind when I think about why I should start. Keep up the good work🙂❤ Codie you are brilliant.
Where do I find a guide to location traffic - to pick a vending location, or car wash?
With so many layoffs at the horizon, those businesses ideeas you give are like a breeze of fresh air 😉
A brief question. Apart from flippa for the online businesses, which are the channels that I can sue to find boring business on sale?
Bro your T-shirt and suit arrangement is killing me bro!
Build all of them and combine them together. Car wash with vending machines and laundry next door own soap factory - with several vending machines on site
I have a tunnel car wash in my town that is sitting being unused. I would like to contact owner and lease it or pay him a percentage of sales if I run it. What would be a good price to lease a tunnel car wash or what percentage should I pay him?
Would you be able to do a video on hand car washes? Waterless car washes would be even better! I’m looking into starting one and you make such informative videos. Would be cool 😎
Thank you
I`m addicted to your videos
Video transitions are on point! The audio channels could use some love. Take that left channel audio (voices) and make it mono (add some compression) then add some of the ambient sound from the other channel (cam mic) to 'round out' the sound.
New subscriptor por favor haz un video de ATM machines y como se trabajan Gracias me encantan tus videos
Yo do realized that when you speak to a 60% profit it sounds big, but on vending machines the volume needs to be high, so yeah if I was spending a 100K a month on snacks and drinks and getting that 60K return it would be great but to do so would require scale. That increases locations and time put in, so just on time it would increase per machine 1 hour and depending on the locations you run into other issues, such lease costs, shelf life of snacks/food, and then that 60% might not be 60 no more. Increased locations increases time and then decreases profits. But people still do it.
Great content and good information, I am however curious about how parking lots compare more specifically in Japan?
This video is amazing. 🎉😊
How do you find out what those industry averages are?
😂First time I've seen Codie overtalked!!
Wow, I really loved this video. Very dynamic, original, editing, and good selection of topics.
Great video! What do you think about ATM business?
Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have being earning $63,000 returns from my $9,000 investment every 21 days, mr Sherman gorrson
Introduce me to miravestocks I have being making huge amounts of profits.
First heard you on a podcast with Steven Bartlett a few days ago. Since then been binge watching your Yt like someone who just realised there are more than 2 seasons of GOT. Loving the content and have inspired me look into starting/buying a business. Was looking at buying a removal truck and employing a couple guys to do all the heavy lifting. Seems like a fairly safe bet?
I just bought her course and she's def super knowlegable but I really just wanted to drop this comment to compliment how her videos have become soooooo fireeee lately! Tip of the hat to the production team!
Wow, thank you!
@@CodieSanchezCT whoa... look at the other comment... I think someone's impersonating you..
@@CodieSanchezCT can we do one night stand ?
Love this. I wish a rental property would have been included in the numbers comparison, but great content. I think this is what many of us beginners are looking for. I'm guessing this one will get TONS of views. Both of you are in my top 5 content creator list. Keep up the good work!!
@Byron Rogers Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have being earning $63,000 returns from my $9,000 investment every 21 days, mr Sherman gorrson
Introduce me to miravestocks I have being making huge amounts of profits.
Great suggestion!
...also include making cool RUclips videos 📹 😎
Where is the best place to look for maybe people selling their existing business. I’m down in the Palm Beach Florida area.
Editing get better and better!
Location is important for the Laundromat. I've seen one fail.
Doctors undertakers and dentists will always be in demand lol
You are the best 👌🔥
Very interesting.
Thought the thumbnail was hinting to firearm sales
I have heard car washes are sued all day long. Please do a video on the least sued businesses.
Useful 😉
So smart 👍
I plan on buying a coin laundromat with high cash flow of over 100K yearly how much money would I have to put down 200K? what app do laundromat business owners pay all their bills on??
WhatI I've most about your videos, you always show the exit
I have a laundromat by my house that been abandoned for yrs how can I get that place e with no money down and profit from it
Im looking at a car wash for sale now. It's loosing money every month but maybe with some new ideas it can come back around.
I love your videos, but on this one you spent 5 seconds on security systems which seems to be a more needed item in having a brick n mortar business nowadays.
Great vid
Whoa, Synergy!
In Finland air for tires is free.
Does this apply to anywhere in the world? I'm based in Sydney, Australia..