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How much $$ does my laundromat make? (Profit u0026 Loss)

Laundromat Money 118 views

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Ma boy making 12k a month plus 7k 🦾🦾
Comment from : @manny5432

7k of profit not bad
Comment from : @Luzoth_x

30 is my guess
Comment from : @jeffkendel1570

So you need to already be wealthy to start this business
Comment from : @HeyMavDak

so do you own the machines? And it appears you do dry cleaning services?
Comment from : @JoshuaGray-v8u

Cap
Comment from : @99yenom

Would love a separation of profit/loss between the coin laundry and the wash and fold
Comment from : @kennethrountree5980

Jajajaja! Those utilities are ridiculously low, I have a small laundromat in California, my rent is 5,300 a month, my gas bill 2000 a month on summer, my water 1800 a month, just to give you an idea
Comment from : @amadeus1823

I didn’t see loan cost
Comment from : @ATP360

I completely agreetoo many people use what you say as click bait
Comment from : @lesliemctavish4300

Would that be your NOI?
Comment from : @gtp6515

Pest is $60? Is that every month? Wouldn’t you only need to get that if you have pests? Also a delivery vehicle? You deliver clothes to people?
Comment from : @SiriusV21

Thank You 💪🏽
Comment from : @delasioblackwell5820

What about taxes
Comment from : @edgarxavier493

That’s not a bad profit at all either
Comment from : @AlexGiacoman1

Txs for the total picture 😉👍 All those quarters look for 1977 cladding was silver, and it was a mistake If you have kids good job would keep them busy looking for those rare coins lol 👍😉
Comment from : @debbiebeam3194

Great video and honest information 👍
Comment from : @misteruniverse3061

What’s your square footage? And how did you calculate what you should be paying in CAMS in relative to the size of your laundromat?
Comment from : @jjpazz

It's good to know thebrpros and cons of any brbusiness There is a brLaundromat near my home brand I go there frequentlybrIt's been there for nearly br40 years now So obviously brthe owners know what they're brdoing💰
Comment from : @Ciara1594

thanks how can i know the expenses and income if the laundrymat doesn't have records and is not running anymore
Comment from : @RealEstateTheHardWay-cv1rs

Who do have your insurance with?
Comment from : @najiahfatima4231

If I won the lottery I know what I'm doing
Comment from : @ethanwinters7829

You forgot Taxes Probably Taxes , repair maintenancebrI’m guessing
Comment from : @davepetro5676

Can u right all those of on your takes as a business expense
Comment from : @wtf3217

30k ????
Comment from : @McV1214

Why do you need to have employees? What do they even do? I thought laundromats were self serve
Comment from : @ScrotumWizard

But if the buisness is under a llc can’t you write some of those expenses??
Comment from : @getdamoney

A good list but missing capex
Comment from : @richardheighington

You're paying for intermet You're being scammed bro
Comment from : @thegodbulitlikebudda7090

I can write any type of comprehensive business plan with financial model and graphs
Comment from : @CrazyGamersShort

Did you rent the building or it's your building?
Comment from : @samraymond3874

That’s how business is broken down 👍🏻
Comment from : @annaelidag

No amount shown for taxes
Comment from : @theblosserhomestead7528

Love these types of videos, everyone talks about the advantages of this business or how to get into it but no one ever is realistic about the cost breakdown on totality
Comment from : @chaundadon2612

But what town?
Comment from : @daniellenicholl284

After tax amount?
Comment from : @yungahungatv8049

This is such a pile of crap I owned laundries for 30 years Ya no!!!
Comment from : @cathy0954

How is the water so cheap, but the gas almost 3x that?
Comment from : @VinnyMadman1

employee salary not mentioned
Comment from : @uranus0007

water is way less something fishy 😅
Comment from : @uranus0007

Damn bro just came right out with it, love the transparency! I don’t even know why but I have ALWAYS had this little dream in the back of my head of owning a laundromat but making it a cool a$$ place to hang out in also, like maybe serving drinks kind of like a little bar so you can have a few drinks while doing your wash, maybe have some pool tables, arcade type games ect playing music ect just making it cool as hell making it fun while doing something everyone hates But alas I’ll probably never have the initial $ down to even get it started but I think I’m a bigger town it would make some $ and be cool as hell Hate having idea but literally no way to make them a reality, lol always wanted to own a laundromat tho lol
Comment from : @BerzerkMaggot777

Ok but can you tell me how to start my own laundromat business or how to but one?
Comment from : @vicquinonez1966

How much for the employees please ? I can’t see it?
Comment from : @Mjjr7

Some of these expenses aren't fixed, like the electric bill But still, that's a nice profit Might be able to afford to give a raise to your employees If not, maybe Christmas bonuses
Comment from : @kenarbes

Yes the figures are not correct because as a laundromat owner High electricity,high gas and low water bill why ? Your water bill is too small for the numbers you're putting up I would say BS video
Comment from : @alexugo7791

Can you do one on how long it took you to brake even and turn a consistent proffit
Comment from : @TinkiLee

awesome, I've been curious on the full numbers
Comment from : @segaboy7

Does this include u as an paid employee??
Comment from : @richardfolmer962

this is $96k profit a year, most people wouldn't need 2 or more! this is enough to retire off of with money still flowing from passive income such as rentals or dividends
Comment from : @SteezyB99

Awesome breakdown Thank you for the insight
Comment from : @SteezyB99

We live in a digital tell all society brYou shouldn’t tell a soul on what you makebrbrPeople are stupid by disclosing that information
Comment from : @AmericanMillionaireCowboy

This has got to be one of the most satisfying jobs
Comment from : @mrbonk3139

It is a good business, IF you have 2 or more laundromats
Comment from : @LuveGlow

So if you pay tax youre in the red??
Comment from : @jbferrer3

✨That’s so cool congrats on your business ✨👍
Comment from : @ArmaniIntoParanormal

How many write offs? Is the real question
Comment from : @Highlyfavoredinc

What do I need to open my own laundromat I want to start one-ups soon
Comment from : @jaycoolrock2727

$900 in "supplies" ? Also, pest control is a recurring monthly expense? And why advertise? The business advertises itself Seems to me your numbers are "fluffed" 😊
Comment from : @Goldnuggetrudolph

How do u pay yourself? And how did u set up ur company Llc S Corp Or corporation?
Comment from : @phillipmontoya9415

🔥 thank you 🙏
Comment from : @Showstopper108

Wouah thank you so much Sir 😊
Comment from : @zakkamenga6394

'This is actual P&L!!'brbrProceeds to not show depreciation
Comment from : @Allen-qs2xr

Wow
Comment from : @fernandorodriguez6530

Intermet
Comment from : @v1ncetrooper166

I bought a four Plex last year I'm happy with it but i see it could be better
Comment from : @elvisortegaortega3860

So around 75k each year
Comment from : @MrRob

It's crazy how your lease is 1/2 of what you paid for the place you are very fortunate Congrats and great video keep them coming 👏
Comment from : @ishifoster

Great video I like you add all the expenses including employees How many employees do you have?
Comment from : @robertolg634

Thank you so much for your videos This is something I really want to get into I think it’s going to be my first big investment Any advice or links to helpful videos to get started??
Comment from : @coreygish7516