Description

Laundry.

Not everyone's favorite chore to do but alas it is a must to keep our clothes clean. At one point in time in most everyone’s life, you have gone to a laundromat.  Some are stuffy and full of kids running around while parents fold clothes, and others are high-end with massage chairs to enjoy as you wait for the spin cycle to finish. All in all, they are typically the same, But the question is, can you make a good profit from owning and operating a laundromat?

Join me as I jump down the rabbit hole and discover the different cycles of a laundromat. 

And as always some resources to further your investigation into if opening a laundromat is right for you

• Laundromat Business Startup: How to Start, Run & Grow a Successful Washeteria Business by Rebecca Wilson
• Secrets Revealed to Opening Laundromats: My Mistakes: Your Opportunity to Learn by Victor R. Nichols
• Laundromat Ownership Step-by-Step: A Realistic Guide to Opening and Growing Laundromats by Joseph Haywood
• https://www.coinlaundry.org
• https://www.grandviewresearch.com/industry-analysis/coin-operated-laundries-market
• https://www.ibisworld.com/united-states/market-research-reports/laundromats-industry/
• https://martinray.com/p-33942-key-statistics-laundromat-investors-should-know.html
• https://www.entrepreneur.com/starting-a-business/how-to-start-a-coin-operated-laundry/190424
• https://www.nerdwallet.com/article/small-business/laundromat-franchise
• https://www.upflip.com/blog/how-to-start-a-laundromat
• https://laundrylux.com/blog/pros-cons-owning-a-laundromat-new-business-owner/
• https://martinray.com/n-41-16-pros-cons-of-owning-a-laundromat-new-investors-need-to-know.html
• https://www.nerdwallet.com/article/small-business/how-much-does-it-cost-to-open-a-laundromat
• https://laundromats101.com/2019/01/we-bought-a-laundromat-and-its-all-about-the-numbers/
• https://www.laundrysolutionscompany.com/is-owning-a-laundromat-a-good-investment/

To find out more about investing in multifamily real estate schedule a call at https://www.oncallinvestments.com/

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