Business
In this episode I tell about my 4th laundromat, where I’m placing it, and what my plan is going forward. The heads of a military base approached me, told me they like my laundromat model, and wanted me to take over their laundromat space on the base. Because it’s government property, there are a lot of differences between this one and the other 3. The space for the machines is pretty small and the amount it brings in is smaller as well, but my only expenses are sharing a portion of the revenue with the base. I can make 50% of my original cost back within a year on this baby, which is amazing compared to the kind of returns you’d typically see in the stock market. My 4th laundromat 3:07What it makes every month 9:06My expense structure 11:20What it cost to get into this 15:51“‘So Keith what did it cost you to get into this? What was your total spend on equipment and getting the place built out and turned back into a laundromat?’ You’re making $36,000 a year at plan. Let’s assume that’s the way it really works. $36,000 a year, my capital investment: $77,000.” 15:52Reach Out To Keith, Get Help and Resources: https://dincpie.com/