How much money does my NEW LAUNDROMAT Make?
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- เผยแพร่เมื่อ 27 ส.ค. 2024
- It's here! My NEW Laundromat has been running now for a week and I took my camera along with me to show you guys how much it made, and talk about the expensive renovations, costs and income it made this week.
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Let me know what you guys think of the video quality in this one. I ended up buying a brand new camera to shoot the content with. I've taken essentially 100% of the sales I generate from my course at InvestmentJoy.com/Course to just put back in doing 'stuff' related to my youtube channel. For better or worse, my camera rig now costs more than the Kia I drive, I don't know whether that is good or bad.
Security?!? Get u a gun for a few hundred and never pay them again
These videos are so inspiring. Keep up the good work and God bless.
@@sevilleweathington6931 Shootings never really do produce afterlives, though they may produce stockholm syndrome.
The quality is better, the voiceover is fine, we still get to see the zenful process of you collecting quarters.
Your the coolest guy ever
To anyone reading this, remember Rome wasn't built in a day. your hard work will pay off
The way Mrs Doriana Ndele multiplies
Investment to make huge profits is really mind blowing
A friend I recommended to her just received her profit.
A carrier in bitcoin offers you the opportunity to earn a lot of money if you have the patience to learn the process and strategies involved or better still get yourself a professional broker
I really felt bad when I realized that what I started with her was so small after receiving my profit
@@tayiorgeorge9784 You think she was a scam artist like others brokers right?
if you have a person there 24 hours, you should apply to make your laundromat an access hub for UPS, Amazon or FedEx packages. they’ll pay you a monthly check for doing it
I see your point about the money but I would be much more concerned about making the security guard defend the amazon lockers AND the laundromat AND the owner 🤔
@@ShadowLancer128 there’s cameras inside and outside the lockers. he can also temporarily close the store for 10/20 minutes to put them in. it’s so damn easy a teenager could do it. the money he’s paid for it by Amazon would never be a pile of cash laying around the place anyway. they’d direct deposit him or mail him a check like they do for Flex drivers
@@ShadowLancer128 give the security a gun to step up security
@Your Papi Chulo call Juan.
I agree and the amazon hub lockers can be outside of businesses as well. So you wouldnt need a security guard 24/7
i love how wge doesnt just put the machines there then come collect money
He seems genuinely passionate about his customers and the machine’s conditions. He cares alot. He did research and it shows. Keep up!
I work a second job at a laundromat and they use the thorough bread machines also. Man they're really good. Also, we always have a attendant on duty to keep the store clean, help customers, and our laundromat has a wash dry fold service. You wouldn't believe how much laundry people dont want to do and are willing to pay to be done.
I'm one of those people! :P
17:19 He starts to tell you what he actually made. Just for the people who only clicked for that.
Is this per week or month
@@rockfire9799 Per week
Thank you.
What else will we click for Karen 🤣
So what did he make? He mentions cash total but that doesn't include his debts or what he's paying for the building
Doing laundry for myself is therapeutic. The prepping, slotting in the quarters, watching the soap mix with the water, drying on high heat, and the best part of my laundry time…folding. My OCD is spot on when it comes to folding laundry. The creases, the smell of fresh, laundry sheets for that no-static folding experience. I fold a very specific way and never deviate. The whole laundry experience is just so damn great!!!!
Great looking equipment you got!!!
Front end loaders baby!!!! 👔👕👖
I know a guy that started out owning his own carwash and now also has his own laundry mat right across the street from his carwash. Seems like it’s some good, low maintenance side money. Obviously the carwash will require more keeping up with but eventually once your in profit and have everything paid off, you will be able to hire some people to run it for you. Then you will really be chilling on a beach in Hawaii, watching your bank account grow. 🤑 keep up the grind 👌
I was just talking to my buddy a couple hours ago about car washes and thought geeze Brandon hasn't put outage video in awhile. Bam two hours later investment joy video. Congratulations onthe early success of the new machines, I'm happy for you.
Dude this is bonkers , I remember when you first got the mat and you used to just grab 1’s and 5’s now 800 in 20’s alone whaaaaaa ! Niceee
My dad was a lock smith and I have a master key that would fit all your machines. You might consider rekeying now before you are cleaned out once. There are much higher security locks available.
You should see about getting sensors in the coin bins that can tell you how full they are, save you time (and security) for emptying bins that are mostly empty
That’s why in Australia our notes are different colours. Makes life easy!
The notes in america are also different colors just more subtle. Plus there are still old non-colored bills around. We should seperate the colored bills and non-colored bills for ease. They can be separate...but equal.
But when the buggers get wet they need to be pealed apart LOL. I once had money washed in the washing machine. I moved home for a week during home renovations. One Friday I rushed home to have a shower as I was going out. My mother had grabbed my shirt to wash but inside the breast pocket was $2,000 in $50,00 notes called "pineapples" in slang. I come outside to see them pegged to the washing line to dry - LOL
So is Singapore
@@pingu6294 1992 was my first trip & your notes were very small compared to ours (Australia). Have you gone to Polymer notes (Plastic Notes) yet ? These were invented in Australia in 1988 & are very long lasting.
Euro notes are diferent colour AND size, very easy to sort. Also we have 1€ and 2€ coins, so much less pieces for the same amount. I can't believe how americans refused the $1 coin, it would make life easier for vending machines.
When you put the 10 dollar bills in the count was 22 and the total said $440 i think you had it set to $20 denomination when you ran the 10s through (16:55)
I was just about to comment this exact thing xD
Same
stupid.
Lol...
Absolutely correct
Dude, the quality of this video and your new equipment! Inspiring to see your continuous improvement!
ive been watching your videos non stop for the past 3 hours. this channel is the only thing that has made me entertained in a while.
With the cameras you can see when are the busiest times and you could display on a small screen on the front window the busiest times. This would make some people come at the emptier times and so would fill in the time when machines are not being used
@@investmentjoy5947 be gone imposter
Those high tech tags are super cool! I have some of my own and they are self programmable with just a pen! Very convenient!
Yes they are!
I think my husband is the king of laundry mats ! Looks nice from what you started with. We have 21 of them.
What a wonderful primer on business fundamentals. The visuals of counting currency and the explanations about the cost of equipment, water, and power are super. Thank you!
The gentleman in the city I live in lease’s all his machines in his laundromat, that way when one breaks down it is fixed by the leasing business free also he has a very good insurance policy backing him up along with plenty of cctv cameras. He owns two laundromats and leads a comfortable life as far as I can tell.
I always wanted a laundromat as a business but I’ve never met someone with a business type mentality. I also don’t know how to get started.
Me too!
You need to save I think 10% to get a loan from a bank, you have to sell them on your idea but the basis is to get funds for the machines and building but you have to prove it will make so much money to pay back the bank.
You had the 10’s being counted as $20s so you’re total income is $220 higher than it should be.
Wtf are these replies
👁👄👁
@@tonyradle8747 lol word
@@stupidfulteaching6213 Who kissed who and where?
@@squidvis he kissed them in there 👄
Somebody will rob you. Try and figure that out. Security guards won't always have you. Hope you stay safe doing this in the open. Just being real, you know this, please stay safe brother.
If his security guards have GUNS I think he will be ok especially if he hired TWO , it will be different if he hired one without a gun. He should be find. So stfu I’m pretty sure he knows what he’s doing 🙄
Imagine telling someone who is looking out for someone’s wellbeing and safety to stfu... wow
Yep the lock picking lawyer taught me that no lock is safe
When I worked at a drug store we used a cash counter that goes off of weight and it was extremely accurate. All we had to do was select what domination before we weighed. It made counting drawers and closing the store that much faster
I am way too invested in to someone else’s laundry mat. I’ve been looking forward to this video for so long now. Lol
One my buddies growing up inherited a laundry place when we were kids. He now owns 7 of em 30 years later
Having customers that like the owner is priceless in my opinion. They won't abuse the machines and they'll discourage other from doing dumb stuff.
The intro is ASMR quality! Huge improvement in quality and sound. Awesome! That’s a fast lens, what are you shooting with now?
I live vicariously through your laundromat videos. Had an opportunity to buy a laundromat about 10 years ago, couldn’t work out a deal that made sense with the owner.
Just letting you know if you want to make some more money when your bored just go through the quarters and try to find some silver quarters (silver quarters are worth $5-$8 each
There is nothing i can tell you about running your businesses. But as a former board member of multi million dollar companies i would advise you to have a really good acvountant and make sure you claim depreciation, maintenance etc. The most amazing thing i learned was that big companies dont count the money, they count the cost of the money. So if they're going to invest 200k. They dont worrk about the money, they look at the cost of the money, which may be 10k pa interest. If this investment makes them more than $300.00 per week they do it. Sounds like you know that. Good luck from new Zealand. You inspire people
Awesome remodel job the inside looks so nice, much more welcoming than the old look
I would do your ones in groups of 100 so you can strap as you go. It would be easier on the machine. Your local bank should be able to sell or provide you with quarter wraps as well as the straps for the bills. Congrats on your new investments!
just in the first few seconds I could tell you bought a new camera the quality of the picture is very good.
Facts I noticed right away too
Hey congrats on the opening of the laundromat! I have always loved your videos. They have given me inspiration.
I kept quarters in my laundromat. So much easier for my customers to use. Swiping cards, card readers, internet, and whatnot are a load of problems and expenses.
I clean out my change machines nightly.
Great that you have an armed guard, you have a lot of businesses and your becoming more and more popular so it’s definitely called for.
Those are some nice machines man. I used to drive out to a laundromat because it wasn't in the city, decent machines but over time they kept spitting quarters back at you and half of em were broken and never fixed so I stopped going, found a new one and couldn't be happier. It's always clean and machines are nicer, just wish the tables were a little bigger but I can live with that. You'll pay those off in no time.
I wish I could buy a laundry mat to make passive income due to being disabled. Our area of Florida we only have like three laundry mats one use to be open 24/7 but no longer after covid. I have a rather washer and dryer at home but sometimes you just need a larger machine to wash a rug, or a bunch of dirty towels.
The place looks great now the remodel is done. Bet your customers are extra happy to do their laundry in a nice, brightly lit place!
I really like watching you empty out all the coins! I'm inspired to invest in my own vending machine!
I enjoy these to the point that I would love to see an arcade machine, and one for casinos lol it just seems like it would be fun to hear about and I like the numbers and camera quality. If only those existed. I like seeing a different angle on these businesses and it’s nice of you to share the actual numbers as well. Great stuff 👍🏼
Very cool man, loved the remodelation, but the front letters could also look cool renovated
Love to see how far you have come, been watching your videos since the beginning, keep on keepin on brother
I've been really considering this and have no idea how to get started
Same, starting a business would be so much fun and so worth it
Very nice laundromat remodel. I love all the new stainless steel. I'm very glad to see you got the bill stacker. Its much quicker, and you probably don't miss the old way of collecting bills from the bottom of the change machine. Are you going to get a second change machine now? Keep up the collection videos. I'm interested in following your increased sales.
@@investmentjoy5947 be gone impostor
Glad to see the after the remodel.
I'm just glad Brandon's alive!
I wish my local places looked that clean and new and fancy!
@@sophiesto6122 Brandon does run a good, clean shop
I hate paying to do laundry but I would drive to Ohio to do laundry at this place.
If you hate doing laundry now you gotta drive across states and do laundry ;)
@@vsar1938 haha true!
Hardest workin owner i saw love see him putin in work
@@shawnl5634 Me too!
I like this video alot Brandon. The short edit at the end that showed the money totals also helps us viewers better visualize what is happening on the money side. Good content brother, keep it up
wait, why does it matter how many bills you got?for every $1 bill, you gave the customer 4 quarters. your only revenue is what you collect from the washers and dryers.
You could say he’s “laundering” money. Badumm Tsss.
I clicked on this video just to find this comment lmao
I haven't checked on this channel in over a year. You got some shiny new machines!! Looking good!
What company would you recommend for buying or leasing equipment from
I’m definitely thinking of getting in the laundromat business. I have few car washes but laundromats are great too
It's fun to watch your progress. Videos get better every time as well. Audio was just fine. How do you manage all of your businesses? It seems like you need some kind of staff to help you out. Best of luck to you. I'm always looking forward to your next video!
Investment joy I have a lot to thank you for me and my dad are thinking of investing our money into a laundry mat your videos have got me and my dad thinking and we might be interest in a commercial laundry mat when watching your videos we are get inspiration for running and maintaining our own laundry and have A passive income and will have a decent investment thank you and keep up the good work and keep Up the good content Timothy Gladman
Have you done a flyer promotion with people that live around the laundry mat? Maybe one free wash or dry voucher?
You ever accidently dropped a whole thing of quarters,while collecting, into the dryers. LoL 😂
You gotta figure out safety tbh. Maybe lock the store up when theirs no customer and have a guard at the door. also, goto pickup the money at different times.
Yes, robbers are always watching you. They’re smarter than you think.!
Right I agree
Omggggg Let's Go B! You're doing so good!
So happy to see such beautiful machines! Customers love consistency and quality. Keep the machines in tip top shape and the money will keep coming. One idea I would suggest is vending machines that are priced in increments of 25 cents. There’s been many times the laundromat has lost vending sales because they want to price stuff at like 55 cents, so I either don’t buy two items or don’t buy anything cause I don’t want oddball change along with my quarters.
It's great to see all that shiny new equipment. Fantastic video as always.
It might not seem important but have you thought about curb appeal? Ive noticed under the letter on the signage is all rust dripping down. Maybe painting the rock facade and getting the moss out of the concrete on the ground. A good pressure wash and paint job could really spruce the front up. Then your outside would match your beautiful laundry shop inside 🧺
Was supposed to be power washed, hasn't been yet.
Will be interesting to see how it all goes.. The new washers and dryers look amazing
I like the new shots with the camera. Although I'm curious as to if people are requesting a vending machine for single-serve laundry products. Def opportunity to buy bulk and stock the machine!
Really important feature in a laundromat.
Keep it up! Hope you'll also have snack/vending and coffee machines business too
This is nice. I can't wait to get my laundromat. I will make sure I get the "card" system going though lol. Thank you for an awesome video
Just do quarter collection at the end or beginning of a day before or after customers are not there. Simple and doesn't require security as nobody knows what is happening.
Have you thought about plans in the future of adding credit card readers to the washers and dryers? I never even knew it was a thing until I saw some at an apartment complex the other day. Probably really expensive but it’s still cool.
Sorry for the loaded question but I can't find a video that shows, teaches this clearly and thoroughly:
Do you have a video where you explain step by step the investment needed, the resources/knowledge/skills/risks involved in the operation, factors that make this business successful or a failure, average expected earnings, etc?
Thank you for sharing.
Glad I'm a food truck vendor...make more money than a laundromat. I had hopes in opening a laundromat instead I opened up a food truck make over $2500 in food sales.
Good luck with your business
The whole reason I go to laundomats is for the BIG machines, since I cant properly do some bedding with home-sized machines.
My favorite part of working at a bank was counting and facing bills lol i just love handling money its fun
I would update the door to the office. Your walking into that room with stacks. I'm sure a curious person would see that as an easy target
How much $$ in quarters does the change machine start with? Wouldn't you have to subtract that from the bills when you count?
the change machine doesn't make any profit at all since how much bill you took out you will have to replace the same amount with quarters. Only the washer/dryer/arcade machine/vending machine generate profit.
Yep. The change machine is not revenue. It's actually a small loss due to power, wear and tear, depreciation, etc. The cash it takes in balances the quarters it vends out. It will never make a penny. One way around this is to have it dispense something like tokens where you can say you dispense four tokens for a dollar but your cost for the token isn't a quarter. Maybe it's ten cents. So then you can get some revenue out of it, assuming your token cost is less than a quarter or whatever.
I was surprised saying this video Chinese people will never show you how much they make if they own a laundromat.
Thank you very much.🌷❤
I live In Chillicothe watched the whole video and realized you said your laundromat is in Ross county that’s pretty cool
It looks amazing man!!! Following from east side Here in Dayton & love the progress you’ve made. Keep it up!
Hearing that Bill counter malfunction is giving me flashbacks to the days when I used to count the money in cash registers when I worked as a bookkeeper at a grocery store.
What is behind the wall of your change machine? If you have access to that, cut a panel out of the wall, and access the bills from behind it. Reduces risk and can be done no matter how many people are in the building at the time of collection.
As you said your customers can easily get an idea how much money you make. If several people are there doing their laundry it should discourage people from robbing you while collecting money
@Investment joh Do you think everyone is stupid because you are, scammer?
im surprised you don't have an arcade machine instead of the coin pusher and commercial irons
Another way you can earn some extra money is if you started a quarter hunting channel and got a bunch of those quarters and went through and see if you had any silver or any rare coins.
My company sells terminals for the manufacturing of the wire harnesses used in many of Dexter Laundry machines. Thank you for putting out the video!
Hey just so you know, at 16:50, you counted the 10's as 20's hope you caught and corrected that! Thanks for doing what you do
22 10$ bills doesnt make 440$ right?
Investment joy is strapped whenever he gets his money and that’s a fact
If it's true that time is money, then a new bill counter that detects the denominations would be worth it. As it is now, you're sorting the bills manually (at which time they could be counted, but I get it), passing them through one stack at a time, then redoing that two or three times if they jam. An upgraded counter would be like putting the bill collector in the change machine. It ultimately saves time and streamlines your process. Consider it.
Factor in the time it costs you weekly to sort the bills, I think you'll find the more expensive counter will pay for itself quite quickly.
Glad to see the remodel, and glad to see you're happy certain part of the video there don't look 100% in focus overwise fantastic job and you never proper ground reveal you could have done a video like that and made yourself a little bit more on TH-cam revenue
@@investmentjoy5947 be gone imposter
I used to spend $50 at launder mats. Now I have the LG 2 in 1 washer drier that works on 110volts hooks up to kitchen sink and has no exhaust. It was around $2800
I don’t understand how you profit off stuff like this. You spend 10k or more on machines. And you only make enough to pay for one of those machines every so often. Over time, you’ll have to repair the machines, and even buy more machines. Where the hell is the profit?.....
Running some numbers. A 30lb load commercial washer averages $2k. A customer pays on average $3 and the washer runs for 30 minutes. Let’s say your laundromat is open for 12 hours (720 minutes) a day. Customers wash for 30 minutes and the machine sits 15 minutes until the next customer uses it; that’s 45 minutes. In a full 720 minute day, the machine was used 16 times, at $3 each time, for a total of $48 a day. Laundromat is also open 7 days a week, so that’s $1,440 to $1,488 a month and 480 to 496 uses. In a month and 12 days, you paid off the machine. The remaining time the machine continues to work, it will pay utilities, space rental, warranty for no-cost repairs, and other expenses.
@@TITTO_Transport cool😎
@@TITTO_Transport Thanks for breaking this down.
@@elmyra.jackson you are welcome. There’s other variables to consider but that’s just a simple breakdown I do for business starters, so they can make informed decisions and gaze at how successful or risky their business will be.
@@TITTO_Transport Thanks again. Question...I'm about to start a business making items by hand. When I apply for a business license do I also have to apply to register the name of my business?
Your remodel looks great! Your going to need a bigger or second change machine with those kind of sales off the bat with no advertising.
As a guess for every 1 washer go with 3 dryers as a ratio suggestion. Making room for malfunctions.
Very relaxing to watch the coins sounds.
Cool! Those washers are made in my hometown, my buddies dad works there and I almost went there to weld for them before I found somewhere else. Small world
Ask if he knows pastor Danny
@@InvestmentJoy There is a guy that tries to be like you. Can u block him?
You should consider a vinyl wrap for all that stainless steel. they are going to be scratched up in no time. (Clear or on brand... maybe sell ads?)
Selling ads for local businesses would be awesome!
love the calm voice learning alot!
Remember they pay electric an water. It may seem alot but not knowing how business is ongoing. Still is a good gig to have as a side job owning business I'll say. Talk about locations