Honestly the Excel spreadsheets are probably some of the more valuable content you put up. It won't get the views but man seeing that stuff is important! I'd love to see more
I agree, but the videos generally do quite poorly on my end and are unprofitable, so we have to try and keep playing around w formats that draw views, and then integrate the spreadsheets better.
@@InvestmentJoy Yea I understand that from a business perspective it doesn't make sense to make the content but from a consumer stand point those vids are so valuable. All the real valuable stuff is boring though and doesn't make for good content.
@@InvestmentJoy They may be unprofitable but I would consider them to be loss leaders. Honestly the videos that actually break down the financial numbers are why I'm subscribed and watch any of the videos.
Awsome, Some simple suggestions: Use "," and 2 decimal ( or none) number formatting when reporting $$$, reads better. Also use "Freeze Top Row" so column labels appear as you scroll down. spreadshet
Thank you for explaining just some of the blood, sweat and tears that ACTUALLY go into running your businesses. I'm really crossing my fingers hard for you Brandon that your machines hold up well, and get past your finance payments without starting to hurt you in repairs. Couple of quick questions: What did you mean about your store being not level and losing $20? I missed something. Are you required to do a year-end inventory (including quarters) for Ohio? Thanks! I love watching you and all your delicious quarters. 😀
What is your life expectancy for machines? I usually say 10 years, so if you have a 6 year loan on equipment, its hard to justify principal curtailment as profit in my opinion. I think cash flow is a lot more important.
Brandon, the pusher money catch, I saw another channel that has pushers, cranes, etc, they laid a heavy duty cloth towel into the catch basin and had it draped over the sides, I guess it's easier to get the quarters out than trying to pick up that flexible plastic tub
@@InvestmentJoy not a clue, I just remember when they opened the pusher to get the quarters, the catch basin was plastic like yours and was lined with a towel
@@InvestmentJoy put small ones in areas with small communities. Kinda like what dollar general does with their stores. I know lots of poor people that don’t have washers and dryers and really can’t afford to drive 20-30 miles to wash clothes. So kinda put small ones in those areas but I’m not sure how that would work with the cost of utilities and the mortgage loans with the payments on the equipment also. Not sure if the laundromat would be able to make a profit like that though.
I appreciate your honesty and showing us your P&L statement. You work really hard. But I’m going to be honest with you because most people won’t, your laundromat sucks. If you take out the rental income from the apartment upstairs because that isn’t laundromat income it’s a separate business. You grossed $171558 in 3 years your expenses were $201005. That means you took a net loss of -$817.97 per month for the last 3 years. You can’t use appreciation to justify a negative cash flow. I care enough to tell you the honest truth. Good luck but I would sell the business if it were mine. I own multi-family real estate in Pa and I’m in business to make money. I wish you well my friend.
The numbers you went through at the end made perfect sense to me. It's best to forgo making alot of money in the beginning to improve the business in order to make alot more money later, especially if you already have significant cash flow from other income streams you've built and automated.
Thanks for the straight forward explanations and for being transparent. Is it true that you have your own NFT collection? if so, where can I purchase one? Cheers!
Just wait until Biden forces you to change over to all-electric dryers, stoves, and heaters. Your electric bill may quintuple not including all the money you need for new dyers you have to buy. Hopefully, electric dyers are available to purchase and your power grid can handle the loads. This includes your rental homes too. $5 wash and $10 dry you may have to jack it up too. People on fixed incomes won't be able to afford it. Also looking in all businesses have to use solar panels to offset the lack of electricity from the grid. Another expense forced on you.
Great job Brandon, lots of info in there. I talked to Justin last week, he gave me a lot of info. I really feel like I’ll be out of my pinch soon and can start working ON my business again instead of just working IN it. Keep the good info flowing!
It’s hard to take you seriously when you’ve joined RUclips 16 Years ago & yet you only have 9 Subscribers, Which are probably fake robot accounts. Meanwhile, Brandon Has Over 1.53 Million Subscribers & 334 Videos which probably grosses him more money than you’ll ever make in your entire lifetime. Now, gon ahead and say something else about his “silly T-shirt”..I’ll be waiting!
If you have space consider a coinstar machine to pull in quarters. Deposit the rest with armored truck. Plus make money on all the gift cards they sell. They also take donations.
@@InvestmentJoy they are just milking your lifetime serving the masses as a coin monkey. the clever bankers already own all the assets you have to rent. they will take it all off you in rents and fees and taxes etc. its not a game worth playing in my opinion..
Probably not, as those machines are expensive, as there's costs for comms, maintenance, and replenishment. He probably gets a cut of the fees charged to users for hosting the ATM, split with the supplier.
My mother was born in 1952, sadly she passed away exactly 4months after her birthday in 2004. Ever since, I've been on the hunt looking for a 1952 quarter and have not had any luck, only came across a 1952 penny. That quarter would be a nice add to my collection.
Instead of doing exact numbers and figuring the cap rate, a general observation would probably be better. For example, your expenses income and profit on just the laundromat portion only BEFORE you installed the new machines, what you projected you would make after the install of the new machines and actual profit monthly after the new machines were installed. Keep the rentals the soda machines and games separate on a different tally. Then your projected monthly income expenses and profit on the expansion you're planning and the actual that came in on the laundromat only. Then just add in a second column the other revenue streams.
Развлечения
I took a clients store in CT from $33K a month to $55K. We worked on cutting fat, and advertising. His store is 2,500 sq ft.
Brandon you should add lights in the middle of the laundromat so its not dark.
Honestly the Excel spreadsheets are probably some of the more valuable content you put up. It won't get the views but man seeing that stuff is important! I'd love to see more
Same here, I really enjoyed seeing the spreadsheets
I agree, but the videos generally do quite poorly on my end and are unprofitable, so we have to try and keep playing around w formats that draw views, and then integrate the spreadsheets better.
@@InvestmentJoy Yea I understand that from a business perspective it doesn't make sense to make the content but from a consumer stand point those vids are so valuable. All the real valuable stuff is boring though and doesn't make for good content.
@@InvestmentJoy They may be unprofitable but I would consider them to be loss leaders. Honestly the videos that actually break down the financial numbers are why I'm subscribed and watch any of the videos.
@@benjnse Glad you liked it, just wish I could do em more, AND on the carwash ( Can't due to NDA there)
i'm sure your hard work and dedication are paying off! Keep up the good work!
LOVE LOVE LOVE your spreadsheet videos!! Keep doing them!
I love watching you collecting the money and counting it up in the machines
I really loved this content! Thank you :)
Awsome, Some simple suggestions: Use "," and 2 decimal ( or none) number formatting when reporting $$$, reads better. Also use "Freeze Top Row" so column labels appear as you scroll down. spreadshet
Thank you for explaining just some of the blood, sweat and tears that ACTUALLY go into running your businesses.
I'm really crossing my fingers hard for you Brandon that your machines hold up well, and get past your finance payments without starting to hurt you in repairs.
Couple of quick questions:
What did you mean about your store being not level and losing $20? I missed something.
Are you required to do a year-end inventory (including quarters) for Ohio?
Thanks! I love watching you and all your delicious quarters. 😀
Awesome video Brandon
His facial expression on the thumbnail proves this is a great video. 😂
What is your life expectancy for machines? I usually say 10 years, so if you have a 6 year loan on equipment, its hard to justify principal curtailment as profit in my opinion. I think cash flow is a lot more important.
I would agree that cash flow is more important in this specific business due to the machines
You should build a enclosed shed around your coin machine at the carwash to save the machine from the outside elements
Brandon, the pusher money catch, I saw another channel that has pushers, cranes, etc, they laid a heavy duty cloth towel into the catch basin and had it draped over the sides, I guess it's easier to get the quarters out than trying to pick up that flexible plastic tub
Was this crane kicker or quikplay?
@@InvestmentJoy not a clue, I just remember when they opened the pusher to get the quarters, the catch basin was plastic like yours and was lined with a towel
@@randerson4124 the idea is to pick up the towel and use it like a sack, right?
I like the appreciation and principal pay down.
That was REALLY impressive Eric! I'm shocked it broke!! 😂😂
I like it let us now ever four months I would say like when you have more people/when it is busy and when is is slow 🐌
How much is your water bill and your electricity bill and rent? And where did you purchase your machines?
So to sum up the P and L, you don’t have a lot of cash flow because your are paying back the loans faster?
Yes. The deduction is worth it to him
Random Question. What's the legality of having that coin pusher? I see lots of states say they're illegal to have.
You see the profits you make the expenses you still have to pay.
Still making profit
After bills and taxes, what is the actual profit?
Holy crap that's like 2000 Era pusher money
What do you change people for drop off per pound
i like the profit and loss breakdown
Those airpods are 100% fake, the ones coming out of china right now are almost 1:1 visually. The audio quality is not quite as good typically
They could be refurbished too. I know a lot of those get repaired and resold in bulk
@HunkMine potentially, that margin is still insane though. Just gotta check one pairs serial number, if it's good, id assume the rest are
I really want to start up my own laundromat. I just have no clue how much to invest into it.
Very Good But Board Don't Hit Back 😂😂you can claim a lot on tax
If you like pivot tables you love MS Power BI, think of it as Excel on steroids
Im surprised you havent gotten a coin scale
Are coin pushers illegal in Ohio? Seems like a slot machine category.
I have an idea for a laundromat that i think would work well in Southern Ohio. I maybe just wishful thinking though.
?
@@InvestmentJoy put small ones in areas with small communities. Kinda like what dollar general does with their stores. I know lots of poor people that don’t have washers and dryers and really can’t afford to drive 20-30 miles to wash clothes. So kinda put small ones in those areas but I’m not sure how that would work with the cost of utilities and the mortgage loans with the payments on the equipment also. Not sure if the laundromat would be able to make a profit like that though.
@@Paw95 Well when you think of all your potential customers as poor yeah you wont make money. I wouldn classify them as poor.
I really enjoy these break down videos, can you do one on the car washes soon? Keep up the good work Brandon.
Unfortunately I have a partner and he doesn't want me to break it down
I appreciate your honesty and showing us your P&L statement. You work really hard. But I’m going to be honest with you because most people won’t, your laundromat sucks. If you take out the rental income from the apartment upstairs because that isn’t laundromat income it’s a separate business. You grossed $171558 in 3 years your expenses were $201005. That means you took a net loss of -$817.97 per month for the last 3 years. You can’t use appreciation to justify a negative cash flow. I care enough to tell you the honest truth. Good luck but I would sell the business if it were mine. I own multi-family real estate in Pa and I’m in business to make money. I wish you well my friend.
The numbers you went through at the end made perfect sense to me. It's best to forgo making alot of money in the beginning to improve the business in order to make alot more money later, especially if you already have significant cash flow from other income streams you've built and automated.
Thanks for the straight forward explanations and for being transparent. Is it true that you have your own NFT collection? if so, where can I purchase one? Cheers!
Just wait until Biden forces you to change over to all-electric dryers, stoves, and heaters. Your electric bill may quintuple not including all the money you need for new dyers you have to buy. Hopefully, electric dyers are available to purchase and your power grid can handle the loads. This includes your rental homes too. $5 wash and $10 dry you may have to jack it up too. People on fixed incomes won't be able to afford it. Also looking in all businesses have to use solar panels to offset the lack of electricity from the grid. Another expense forced on you.
Great job Brandon, lots of info in there. I talked to Justin last week, he gave me a lot of info. I really feel like I’ll be out of my pinch soon and can start working ON my business again instead of just working IN it. Keep the good info flowing!
Hi big fan like these types of videos
It's hard to take him seriously when he wears a silly t-shirt under a dress shirt.
I bought a rolly to wear in the future because of comments like this
It’s hard to take you seriously when you’ve joined RUclips 16 Years ago & yet you only have 9 Subscribers, Which are probably fake robot accounts. Meanwhile, Brandon Has Over 1.53 Million Subscribers & 334 Videos which probably grosses him more money than you’ll ever make in your entire lifetime. Now, gon ahead and say something else about his “silly T-shirt”..I’ll be waiting!
It’s hard to take you serious when you don’t even take your own life serious.
Outstanding video. I like numbers so it really interested me
If you have space consider a coinstar machine to pull in quarters. Deposit the rest with armored truck. Plus make money on all the gift cards they sell. They also take donations.
$25k machine to make $100-$200 extra a month
@@InvestmentJoy ouch that guy started in buffalo hauling them around, he's now the CEO. I understand why it's so much. ☹️
Brandon, really enjoyed the P&L breakdown.
so what, you made a months rent. its not worth it
You saw I own this place, right?
@@InvestmentJoy the bank own it. you only owe the debt. what is left the state own. you just work the machines.
@@888ssss as I said, it's a private loan, no bank mortgage :)
@@InvestmentJoy they are just milking your lifetime serving the masses as a coin monkey. the clever bankers already own all the assets you have to rent. they will take it all off you in rents and fees and taxes etc. its not a game worth playing in my opinion..
Just curious do you own the ATM in the laundry mat?
Probably not, as those machines are expensive, as there's costs for comms, maintenance, and replenishment. He probably gets a cut of the fees charged to users for hosting the ATM, split with the supplier.
Please FIX THE MIDDLE LIGHTS in the laundromat
That drives me crazy every time.
Great job sir. I'm trying to get everything together so I can take your course.
Hi i am india. giveaway airports please
Free Airports 👀 How about pie?
My mother was born in 1952, sadly she passed away exactly 4months after her birthday in 2004. Ever since, I've been on the hunt looking for a 1952 quarter and have not had any luck, only came across a 1952 penny. That quarter would be a nice add to my collection.
💰💰💰
Hi investment joy would you help someone in the uk start a cleaning business from the ground to making it reality for me.
Instead of doing exact numbers and figuring the cap rate, a general observation would probably be better. For example, your expenses income and profit on just the laundromat portion only BEFORE you installed the new machines, what you projected you would make after the install of the new machines and actual profit monthly after the new machines were installed. Keep the rentals the soda machines and games separate on a different tally. Then your projected monthly income expenses and profit on the expansion you're planning and the actual that came in on the laundromat only. Then just add in a second column the other revenue streams.
This was one of the best videos I have seen, I love to see the collections, but the administration side is often neglected. 👍🏽
Hmm...wow, that breakdown really gives you a lot to think about.
Boards don't hit back.