I want to start a simple business. Is it simple?
laundry mat
laundromat
I suppose step one would be to first understand the name and spelling of the business you are trying to make…
No no this a building that is a mat for your laundry.
nope. factories to produce rugs (I’m assuming you talking about bathroom towels for in front of the shower?) are not going to be that cheap. and that’s just the business and tools, who knows if they even own the building
Bahahahaha they are talking about a laundromat.
One of my old Internet friends from years ago did, and got very involved in the industry. He seems to be doing very well for himself, but I’ve seen him comment on a Facebook post where people were saying you can only become a millionaire by starting a laundromat if you started off as a billionaire
Did he agree with that?
He didn’t, but now that I think about it he has another business still in the industry (don’t want to be too specific) and that may help too. Really not familiar enough with his businesses’ finances to say 🙂
Ah, that makes sense, thanks!
Yeah, seems to be a margin thin revenue system and location and user type plays a big role in its success. Very interesting stuff to learn about though.
He also lives in a low cost of living area
Oh come on, I’m sure if you’re using it as a front for a drug dealing operation then you can also become a millionaire :)
Just the building with no equipment? In most areas of the US, yes. Building with equipment? Doubtful unless it’s already clapped out.
Running a laundry mat is all fun and games until a bunch of oilfield dudes come through and trash 5k worth of washers.
I would think they would rather ruin the mat.
Laundry makes the best mats
Around here it’s horse blankets. Apparently the combo of hair and grease starts dryer fires. “No Horse Blankets! 😡”
5k worth of washers
whew, at least they only trashed a couple and not an entire row
Laundromat.
Depends on where you live. If you can find a large enough building and renovate maybe. A pre existing building with all the machines already there would likely cost much more.
Running a business isnt really simple though. Lots of things to take into account. Taxes, overhead, inventory, maintenance, customer service, and thats just off the top of my head.
Just find out who runs the local protection racket and get them to invest in your laundrymat in exchange for services /jk
There are a ton of videos on YouTube about people who own/have owned a laundromat. Very insightful.
Is it possible to manage a business like an alcohol business while doing that?
Is this a very thinly veiled way to ask how to launder money at a discount?
If you’re asking these questions here, you’ve got a long way to go.
I suggest finding some “running a small business” materials at your local library.
Yes… as long as you live somewhere that those things are possible. Indonesia, maybe?
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