I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. whilst working with an advisor like Julianne Iwersen Niemann. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well. Trust me starting and maintaining a profitable business starts with properly managing your finance.
Laundromats are easy to operate...I know this lady you mentioned. I bought a laundromat from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business.
I owned 3 laundromats in SF. The biggest 3 issues? The Lease, the lease and the lease. Got screwed by two owners that didn't renew the lease. If you own the building, different story. Probably, it will not be bad to work with your advisor
thanks for talking about your situation. Definitely helps a young and desperate poor guy like me to stay encouraged in striving to achieve my first ever owned business ... 240 gr. < - electric, water, mechanical, supplies, janitorial, city taxes, county taxes, insurance, business license heat, cooling costs & misc.. = ? . these taxes really want to make me work with a CFA. so that i can know how to joggle my way through. how do i reach her
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get
*"If someone says 'you cant do it', look at what they've done"* solid gold advice. I know someone who retired after a lifetime of minimum wage work who would shoot down any idea you had to improve your life.
We have 9 Laundromats, and a 20k sq ft closed facility here in Kentucky. We love the laundry business. We have built a few from scratch, and then we have taken several over. Our equipment is Speed Queen, Huebsch Alliance Laundry Systems.
im a tech I hate working on wascomat , milnor , and dexter I have seen plenty last crazy long ! but when they fail its $$ , gimme a speed queen , unimac, heubsch, ipso. all day long
I plan on owning a card laundromat business within two years. Any recommendations on who to pay and trust to transfer the money to me while I’m out of state for a couple of months to a year??? 💭
Can you find out who the single location was? He referred to? That’s doing 3 million in Gross sales with pick up and delivery delivery and a 45 mile radius.
a tip for the owner: You should buy big packets of detergent, and find a single use container that you can fill and put inside a vending machine. you can sell single load amounts of detergents rather than mini bottles. Higher margings.
I plan on owning a card laundromat business within two years. Any recommendations on who to trust to transfer the money to me while I’m out of state for a couple of months to a year??? 🧺💭
Where most failures come is in giving up. If you have a vision, it takes 3-5 year to mature for a business. You need to have enough in the bank to weather it and you need the infrastructure to prepare for slow times.
My Grandfather wanted to open his own Laudromat unfortunateley he didnt get to see this great business lift off well i am here to see that great business lift off its a great business and i Truly thank you for your sound Adcive thank you i will succeed because of intellectual go getting business men like yourself thank you
It’s no easy, low season (summers) are difficult, I have 2 laundromats, after several years I decided to leave my wife in charge and me keep working as an engineer in other company
Lego building there where I can buy turn it into a laundromat and I know I need a hundred thousand dollars to get all the workers and dryers but I need $20,000 quick to buy
Bleeding.. I’m opening in 3 weeks…. I hate bleeding… all in I am $25,000 a month in total expenses. How much working capitals should I have and for how long?
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.” So I ask, "What have you done?"
I own 2 laundromats in low income areas. I work about 25 hours a week and gross about 240K a year. whilst working with an advisor like Julianne Iwersen Niemann. I used to work in Sears repairs,, so I saved money by fixing my own machines. Believe it or not, the soap detergent vending machines bring in a good amount as well. Trust me starting and maintaining a profitable business starts with properly managing your finance.
Laundromats are easy to operate...I know this lady you mentioned. I bought a laundromat from a friend many years ago who retired overseas. Repairs are costly. Try to at least learn the basics. I have bill acceptor machines to exchange for tokens, much better than counting and hauling quarters . My locations are near low income housing and apartments, which are very good for business.
I owned 3 laundromats in SF. The biggest 3 issues? The Lease, the lease and the lease. Got screwed by two owners that didn't renew the lease. If you own the building, different story. Probably, it will not be bad to work with your advisor
thanks for talking about your situation. Definitely helps a young and desperate poor guy like me to stay encouraged in striving to achieve my first ever owned business ... 240 gr. < - electric, water, mechanical, supplies, janitorial, city taxes, county taxes, insurance, business license heat, cooling costs & misc.. = ? . these taxes really want to make me work with a CFA. so that i can know how to joggle my way through. how do i reach her
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get
The thing is people often doubt the prospects of financial advisors like Julianne Iwersen Niemann in business/markets today.
*"If someone says 'you cant do it', look at what they've done"* solid gold advice. I know someone who retired after a lifetime of minimum wage work who would shoot down any idea you had to improve your life.
We have 9 Laundromats, and a 20k sq ft closed facility here in Kentucky. We love the laundry business. We have built a few from scratch, and then we have taken several over. Our equipment is Speed Queen, Huebsch Alliance Laundry Systems.
It would be great if I could e-mail you and pick your brain on this. I'm just starting to look into getting into this industry.
im a tech I hate working on wascomat , milnor , and dexter I have seen plenty last crazy long ! but when they fail its $$ , gimme a speed queen , unimac, heubsch, ipso. all day long
I plan on owning a card laundromat business within two years.
Any recommendations on who to pay and trust to transfer the money to me while I’m out of state for a couple of months to a year??? 💭
@@splashemoutlaundromat how do you start it from scratch ? Build them from the ground up ?
Can you find out who the single location was? He referred to? That’s doing 3 million in Gross sales with pick up and delivery delivery and a 45 mile radius.
a tip for the owner:
You should buy big packets of detergent, and find a single use container that you can fill and put inside a vending machine. you can sell single load amounts of detergents rather than mini bottles. Higher margings.
How is the branding going to work for that. I don't see many people buying a packet with ride written in it in pen.
@Gortman1 have the branding on the vending machine. No need to have it on the bottle. Users are regulars they will know if it's the real deal.
I plan on owning a card laundromat business within two years.
Any recommendations on who to trust to transfer the money to me while I’m out of state for a couple of months to a year??? 🧺💭
Great Advice!!! Especially towards the end.. "don't listen to the naysayers"
Great interview! Lots of good information from someone who has been there and intends on getting better. Thanks a lot for posting!
Where most failures come is in giving up. If you have a vision, it takes 3-5 year to mature for a business. You need to have enough in the bank to weather it and you need the infrastructure to prepare for slow times.
Fantastic ! Truthful, the honest truth about laundromats.
My Grandfather wanted to open his own Laudromat unfortunateley he didnt get to see this great business lift off well i am here to see that great business lift off its a great business and i Truly thank you for your sound Adcive thank you i will succeed because of intellectual go getting business men like yourself thank you
Qla has stepped into the laundromat industry. Welcome.
God bless you thanks for the advice
Very good information! Great Video!
I’m looking to open a laundromat myself, and not sure how to get to a starting point
Me to
It’s no easy, low season (summers) are difficult, I have 2 laundromats, after several years I decided to leave my wife in charge and me keep working as an engineer in other company
Thank you for sharing!
= I needed this looking get in to business. Thank you‼️
Last guy was golden 😉
Thank you
Great interview
Thanks for watching! What business are you starting?
Thanks... Can you provide the name of the washing machines provider?
@@Cowboy3651 Wash Mechanical.
@@Cowboy3651wascomat
A self service launderette
Lego building there where I can buy turn it into a laundromat and I know I need a hundred thousand dollars to get all the workers and dryers but I need $20,000 quick to buy
Bleeding.. I’m opening in 3 weeks…. I hate bleeding… all in I am $25,000 a month in total expenses. How much working capitals should I have and for how long?
How do I find this man? I want him to be my mentor 😢
How do you find the demographics for a laundromat?
Do you have a website or contact person for the equipment?
Would you start from scratch if you already owned the property?
Why not make it a cashless laundromat?
It’s wise to have both cash, coin, and card
👏👏👏👏👏👏👏👏👏👏👏👏❤️❤️❤️❤️❤️
1:38,9:46
This poor man has to go home and deal with his wife’s negativity every night.
I thought these places were 24hrs
Many are, though, some cities don’t allow it
This man is confused.
Why do you say that?
You listened to the wrong Dan! I'm so sorry you will never make this million back. This video with you in a completely empty laundromat is just sad.
Sorry, but you are wrong. its already profitable. Most people fail because they don't believe they can succeed.
"Profitable" You paid off the million dollar build out cost and have earned 1 million plus dollars in that store? @@Ashtaroth1000
Yes, I agree - he listened to the wrong Dan. Danny's a gem!
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better.
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”
So I ask, "What have you done?"
I’ve owned laundromats. It’s not going to happen, and this is coming from an optimist