Does Anyone Here Own A Laundromat Business? - GoFuckYourself.com

GTS Mark · 08-18-2005, 07:35 PM

I have the opportunity of buying a building in a small town that comes with a laundromat business. The building consists of 2 apartments (1 bedrooms), and 2 retail spaces (one being the laundromat the other is rented to a pool company).

Anyways this laundromat has been in business for 15+ years and is one of the only laundromats in town. The building needs some definete cosmetic improvements but the "bones" look good. The machines in the laundromat are pretty ancient and the guy that owns the building is a washing machine repair man by trade so it's not that big of a deal for him to fix them. I think leasing new machines would definetely be in the picture...

Anyways I am not too concerned about the rest of the building, looks like a cash flow positive building. However I am concerned with the amount of upkeep/maintenance running a laundromat would entail...One of the bigger issues is that this building is in a small town about 15 minutes north of my town, so I would require an employee to open/close the business everyday. I guess once a week or so I would get someone to withdraw the coins from the machines... The laundry doesn't make mega bucks but I think it's severely under utilized as there are no pop machines, video games or laundry product machines in the space. Plus after a good clean up it will look entirely more appealing

Anyways if you guys have any good advice on the laundromat business I would be delighted to hear it

Thanks,
DH

Sly · 08-18-2005, 07:38 PM

Run a search. There's a thread somewhere where a guy posted all kinds of great information, his family was in the business I think. A lot of extra expenses you would never think of.

Babagirls · 08-18-2005, 07:39 PM

laundry mats are forever making coin, so ya, thats a good investment. but just be prepared for all the up-front costs of updating shit (the appliances, cosmetic shit you mentioned, insurance, etc etc etc)

but in the long run, ya, they're great to have. dont forget to grab a pepsi machine too & put it in there (hike up the prices pretty good too, trust me, you'll make coinage lol) and something that sells chips.

i know someone back in pittsburgh that has an apartment building (thats a shitty one in the ghetto) and he makes MAD bank of this building & laundrymat (downstairs). i know him cuz hes my dads landlord (lol) but my dad is a truck driver and comes home for like a day each month, so he just rents out a shitty apartment till he retires. but ya, great investment!

BV · 08-18-2005, 07:44 PM

I would go for it. Excellent place to pick up talent.

GTS Mark · 08-18-2005, 07:55 PM

Quote:

Originally Posted by Babagirls

laundry mats are forever making coin, so ya, thats a good investment. but just be prepared for all the up-front costs of updating shit (the appliances, cosmetic shit you mentioned, insurance, etc etc etc)

but in the long run, ya, they're great to have. dont forget to grab a pepsi machine too & put it in there (hike up the prices pretty good too, trust me, you'll make coinage lol) and something that sells chips.

i know someone back in pittsburgh that has an apartment building (thats a shitty one in the ghetto) and he makes MAD bank of this building & laundrymat (downstairs). i know him cuz hes my dads landlord (lol) but my dad is a truck driver and comes home for like a day each month, so he just rents out a shitty apartment till he retires. but ya, great investment!

Thanks for the comments Babagirls, yes we also considered the repair/replacement cost of the machines and what needs to be done to the building. The property has been on the market for almost a year and we think we can actually pick it up for peanuts. The town is growing now due to new development and the town is also starting to give out grants for historical buildings (which this is) so that repairs can be done to improve the main street's appeal.

We'll definetely look into the option of adding in a drinks/snacks machine we just have to look at the space feesibility.

DH

GTS Mark · 08-18-2005, 07:57 PM

Quote:

Originally Posted by BV

I would go for it. Excellent place to pick up talent.

LOL! Maybe I should just add a camera into the laundromat and sell it to you as a "feed" ;)

DH

GTS Mark · 08-18-2005, 07:57 PM

Quote:

Originally Posted by Sly

Run a search. There's a thread somewhere where a guy posted all kinds of great information, his family was in the business I think. A lot of extra expenses you would never think of.

Yeah I kind of remember that thread now, thanks Sly!

DH

BV · 08-18-2005, 07:59 PM

Quote:

Originally Posted by DrinkingMODerately

LOL! Maybe I should just add a camera into the laundromat and sell it to you as a "feed" ;)

DH

Call it the "Naked Laundromat"
Your motto: Wash your clothes for free as long as you're not wearing any!

hahahahah

Shoehorn! · 08-18-2005, 08:01 PM

Quote:

Originally Posted by BV

Wash your clothes for free as long as you're not wearing any!

HAHAHA, genius.

GTS Mark · 08-18-2005, 08:01 PM

Quote:

Originally Posted by BV

Call it the "Naked Laundromat"
Your motto: Wash your clothes for free as long as you're not wearing any!

hahahahah

LMAO! We'll just have a guy at the front asking people to sign 2257's and checking ID before they walk in ;)

DH

phatzane® · 08-18-2005, 08:02 PM

laundr-omats are a perfect front for a bodega....

sell that shit out the detergent dispenser...

pornguy · 08-18-2005, 08:03 PM

I have a friend that owns one, and if you can not spend some time there your self, you are asking for problems. Or at least lost revenue.

GTS Mark · 08-18-2005, 08:10 PM

Quote:

Originally Posted by phatzane®

laundr-omats are a perfect front for a bodega....

sell that shit out the detergent dispenser...

Did someone say "Bodega"???

DH

phatzane® · 08-18-2005, 08:14 PM

Quote:

Originally Posted by DrinkingMODerately

Did someone say "Bodega"???

DH

aaahahahahha

tristan_D · 08-19-2005, 02:50 AM

a laundromat fetish site sounds nice.

WiredGuy · 08-19-2005, 08:18 AM

In the real estate property I bought into that I told you about, it has a laundry business as well in the basement to server the 50+ tenants. I'll get the financials in about a week or so and can tell you how the laundry portion did. We own the machines in there as well so there should be a breakdown on the financial statements for revenues that came from it.
WG

Doc911 · 08-19-2005, 08:27 AM

definately a cash flow business.. just keep the machine in working order and the prices low.. about 75 cents per load to wash and 25 cents to wash for 15 mins.. you could get more per wash load but I always found those to be too expensive... .Thats why i'm getting a new washing machine today.. waiting for it now........to be delivered.. lower prices and you will make more money in the long run....add a coke machine to the building a soap and fabric softener vending machine and a change machine for quarters and you'll be all set up.....Hire someone to clean it daily...nothing worse than an unkept business...make sure its airconditioned.. cater to the women dude.....

StuartD · 08-19-2005, 08:28 AM

We put a laundromat in at the family hunting and fishing lodge... it was the only one in town.

Basically, it was the only thing that continually had a steady cash flow coming in from season to season... year in and year out. We only had 4 washers and 5 dryers... within one year, it had paid for itself.

The maintenance and repairs on the machines was actually quite minimal. Much lower than expected.

It turned out to be one of the best additions we've ever put onto the business. Everyone in town loved it.

TurboAngel · 08-19-2005, 09:30 AM

My Aunt owns one, I worked for her there for about 2 years. They had drop off's where people would pay to have the wash done for them. That's how TF and I got to meet. He was the only guy who didn't have shit stains.

They charge by the pound I think $.85 a pound. Good luck with it and if I can help any way hit me up on ICQ.

IMO it's a great $$ maker.

FreeHugeMovies · 08-19-2005, 09:43 AM

What about storage units? hehe

PussyTeenies · 08-19-2005, 10:00 AM

Quote:

Originally Posted by BV

I would go for it. Excellent place to pick up talent.

new niche? laundy sluts?

Rui · 12-16-2005, 05:45 PM

Sorry to bump this old thread but was wondering if some of you guys in this business couldn't hit me up ;)

85-483-060

seeric · 12-16-2005, 06:10 PM

i thought you were looking for a money launderer on gfy.

j/k yo.

R J · 12-16-2005, 06:12 PM

did I hear "Live Feed" ...lol, sounds like a solid deal. run the pro's and con's!

Rui · 12-17-2005, 06:25 AM

:/ .......

Sosa · 12-17-2005, 08:36 AM

lol what a bump

clickclickclick · 12-17-2005, 08:42 AM

banks lend to a laundromat.. hmm good luck with the insurance and chemical testing

DutchTeenCash · 12-17-2005, 08:45 AM

one of these days im gonna buy a place and get some machines there to sell stuff ppl need in the middle of the night, we dont have 7/11s here and simple stuff like tampons are like 5x higher in price then during the days at gasstations

zero maintainence and huge profits... vandalism still sucks I bet thats the same with laundromats...

TurboAngel · 12-17-2005, 08:47 AM

Quote:

Originally Posted by TurboAngel

My Aunt owns one, I worked for her there for about 2 years. They had drop off's where people would pay to have the wash done for them. That's how TF and I got to meet. He was the only guy who didn't have shit stains.

They charge by the pound I think $.85 a pound. Good luck with it and if I can help any way hit me up on ICQ.

IMO it's a great $$ maker.

Oh my.

Young · 12-17-2005, 09:00 AM

Awww man....I can rub one out right now to the idea of a "cash business"....mmmmmmmm...mmmmmmmmmmmmm.

Furious_Female · 12-17-2005, 10:32 AM

I've considered opening one myself sometime in the future... it seems like a good investment, providing we wouldn't actually have to be there everyday to maintain it. I know there's several around here that are just "open" all day and the owner's just go to lock up at night.

I also wonder what electric/gas and water bills are like?

Doctor Dre · 12-17-2005, 10:38 AM

I've only been to thoses places once and this was last week (after my dryer broke down... I went to make a big batch there).

The place arround here :
Was selling no soap, no candies, no chips, nothing to drink. I went to the corner store like 5 times.

If you put carades or some kind of entraintement there that can make you money, you could also make $ from that too I guess.

Doctor Dre · 12-17-2005, 10:39 AM

Oh and the place had no change converting machine, was a pain in the ass.

Doctor Dre · 12-17-2005, 10:39 AM

Quote:

Originally Posted by Doc911

definately a cash flow business.. just keep the machine in working order and the prices low.. about 75 cents per load to wash and 25 cents to wash for 15 mins.. you could get more per wash load but I always found those to be too expensive... .Thats why i'm getting a new washing machine today.. waiting for it now........to be delivered.. lower prices and you will make more money in the long run....add a coke machine to the building a soap and fabric softener vending machine and a change machine for quarters and you'll be all set up.....Hire someone to clean it daily...nothing worse than an unkept business...make sure its airconditioned.. cater to the women dude.....

Or maybe just make the tenant of one of the rooms upstairs to take care of it for free rent or something like that . Just gotta find a good old guy that's willing to take care of things ;)

08-18-2005, 07:35 PM	#1
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Does Anyone Here Own A Laundromat Business? I have the opportunity of buying a building in a small town that comes with a laundromat business. The building consists of 2 apartments (1 bedrooms), and 2 retail spaces (one being the laundromat the other is rented to a pool company). Anyways this laundromat has been in business for 15+ years and is one of the only laundromats in town. The building needs some definete cosmetic improvements but the "bones" look good. The machines in the laundromat are pretty ancient and the guy that owns the building is a washing machine repair man by trade so it's not that big of a deal for him to fix them. I think leasing new machines would definetely be in the picture... Anyways I am not too concerned about the rest of the building, looks like a cash flow positive building. However I am concerned with the amount of upkeep/maintenance running a laundromat would entail...One of the bigger issues is that this building is in a small town about 15 minutes north of my town, so I would require an employee to open/close the business everyday. I guess once a week or so I would get someone to withdraw the coins from the machines... The laundry doesn't make mega bucks but I think it's severely under utilized as there are no pop machines, video games or laundry product machines in the space. Plus after a good clean up it will look entirely more appealing Anyways if you guys have any good advice on the laundromat business I would be delighted to hear it Thanks, DH

08-18-2005, 07:38 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,340	Run a search. There's a thread somewhere where a guy posted all kinds of great information, his family was in the business I think. A lot of extra expenses you would never think of. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

08-18-2005, 07:39 PM	#3
Babagirls Text Writer Join Date: Feb 2001 Location: Wisconsin Posts: 18,812	laundry mats are forever making coin, so ya, thats a good investment. but just be prepared for all the up-front costs of updating shit (the appliances, cosmetic shit you mentioned, insurance, etc etc etc) but in the long run, ya, they're great to have. dont forget to grab a pepsi machine too & put it in there (hike up the prices pretty good too, trust me, you'll make coinage lol) and something that sells chips. i know someone back in pittsburgh that has an apartment building (thats a shitty one in the ghetto) and he makes MAD bank of this building & laundrymat (downstairs). i know him cuz hes my dads landlord (lol) but my dad is a truck driver and comes home for like a day each month, so he just rents out a shitty apartment till he retires. but ya, great investment! __________________ Need a Text Writer? Blogs\|Reviews\|Descriptions\|Paysites\|TGP's\|Stories ICQ: 397892500

08-18-2005, 08:02 PM	#11
phatzane® Confirmed User Join Date: Jul 2003 Location: canada Posts: 1,592	laundr-omats are a perfect front for a bodega.... sell that shit out the detergent dispenser... __________________ -PHATZANEXXX.COM-

08-18-2005, 08:03 PM	#12
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I have a friend that owns one, and if you can not spend some time there your self, you are asking for problems. Or at least lost revenue. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-18-2005, 07:44 PM	#4
BV wtf Industry Role: Join Date: Sep 2001 Location: Bikini State, FL USA Posts: 10,914	I would go for it. Excellent place to pick up talent.

08-19-2005, 02:50 AM	#15
tristan_D Confirmed User Join Date: Jul 2005 Posts: 7,865	a laundromat fetish site sounds nice. __________________ Increase your sales. Up to $4 per click.

08-19-2005, 08:18 AM	#16
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,487	In the real estate property I bought into that I told you about, it has a laundry business as well in the basement to server the 50+ tenants. I'll get the financials in about a week or so and can tell you how the laundry portion did. We own the machines in there as well so there should be a breakdown on the financial statements for revenues that came from it. WG __________________ I play with Google.

08-19-2005, 08:27 AM	#17
Doc911 Confirmed User Join Date: Feb 2004 Location: If i was up your ass you'd know Posts: 3,695	definately a cash flow business.. just keep the machine in working order and the prices low.. about 75 cents per load to wash and 25 cents to wash for 15 mins.. you could get more per wash load but I always found those to be too expensive... .Thats why i'm getting a new washing machine today.. waiting for it now........to be delivered.. lower prices and you will make more money in the long run....add a coke machine to the building a soap and fabric softener vending machine and a change machine for quarters and you'll be all set up.....Hire someone to clean it daily...nothing worse than an unkept business...make sure its airconditioned.. cater to the women dude..... __________________ For PHP/MySQL scripts ICQ 161480555 or email [email protected]

08-19-2005, 08:28 AM	#18
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	We put a laundromat in at the family hunting and fishing lodge... it was the only one in town. Basically, it was the only thing that continually had a steady cash flow coming in from season to season... year in and year out. We only had 4 washers and 5 dryers... within one year, it had paid for itself. The maintenance and repairs on the machines was actually quite minimal. Much lower than expected. It turned out to be one of the best additions we've ever put onto the business. Everyone in town loved it. __________________ This is me on facebook This is me on twitter

08-19-2005, 09:30 AM	#19
TurboAngel H.B.I.C. Industry Role: Join Date: Jun 2003 Location: NC Posts: 30,122	My Aunt owns one, I worked for her there for about 2 years. They had drop off's where people would pay to have the wash done for them. That's how TF and I got to meet. He was the only guy who didn't have shit stains. They charge by the pound I think $.85 a pound. Good luck with it and if I can help any way hit me up on ICQ. IMO it's a great $$ maker.

08-19-2005, 09:43 AM	#20
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	What about storage units? hehe

12-16-2005, 05:45 PM	#22
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	Sorry to bump this old thread but was wondering if some of you guys in this business couldn't hit me up ;) 85-483-060

12-16-2005, 06:10 PM	#23
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	i thought you were looking for a money launderer on gfy. j/k yo.

12-16-2005, 06:12 PM	#24
R J Confirmed User Join Date: Aug 2003 Location: Central florida Posts: 202	did I hear "Live Feed" ...lol, sounds like a solid deal. run the pro's and con's! __________________ ----------- ICQ#147-366-451

12-17-2005, 06:25 AM	#25
Rui web Join Date: Dec 2001 Location: On icq: 85-483-060 Posts: 9,533	:/ .......

12-17-2005, 08:36 AM	#26
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	lol what a bump

12-17-2005, 08:42 AM	#27
clickclickclick Confirmed User Join Date: Jan 2005 Posts: 1,227	banks lend to a laundromat.. hmm good luck with the insurance and chemical testing __________________ if you need more than 3 clicks to get to a join page, something is wrong ;) p.s. i still bring the sales whores here.

12-17-2005, 08:45 AM	#28
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	one of these days im gonna buy a place and get some machines there to sell stuff ppl need in the middle of the night, we dont have 7/11s here and simple stuff like tampons are like 5x higher in price then during the days at gasstations zero maintainence and huge profits... vandalism still sucks I bet thats the same with laundromats... __________________ ICQ 16 91 547 - SKYPE dutchteencash bob AT dutchteencash DOT com ... did you see our newest Sweet Natural Girl Priscilla (18)?

12-17-2005, 09:00 AM	#30
Young Bland for life Industry Role: Join Date: Nov 2004 Posts: 10,468	Awww man....I can rub one out right now to the idea of a "cash business"....mmmmmmmm...mmmmmmmmmmmmm. __________________ ★★★

12-17-2005, 10:32 AM	#31
Furious_Female Confirmed User Industry Role: Join Date: Oct 2002 Location: Upstate, New York Posts: 8,187	I've considered opening one myself sometime in the future... it seems like a good investment, providing we wouldn't actually have to be there everyday to maintain it. I know there's several around here that are just "open" all day and the owner's just go to lock up at night. I also wonder what electric/gas and water bills are like? __________________ Skype: j3nn.com ICQ 160370494 My current favorite high-converting sponsor: CrakRevenue