Laundromat Resource | Site-Wide Activity https://laundromatresource.dreamhosters.com/activity/ Activity feed for the entire site. Fri, 17 Feb 2023 23:41:12 -0800 https://buddypress.org/?v= en-US 30 hourly 2 bfe06afb90244421ced95b73776aa6d9 Corey Kane started the topic Major construction next door- Performance based offer? in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/major-construction-next-door-performance-based-offer/ Thu, 16 Feb 2023 10:04:47 -0800 Hi All,

I discovered that in front of the laundromat I am about to make an offer on there will be construction of a 4 story apartment building starting within the next year.

While this should be good for business when it’s completed in a couple years, the construction process will disrupt the laundromat business significantly. The new b…[Read more]

]]> 0 54c9e3d47e3c32034d3406ea26602ec1 Roy Baxter's profile was updated https://laundromatresource.dreamhosters.com/activity/p/10465/ Thu, 16 Feb 2023 09:04:48 -0800 0 e85d46680468dc0084623005790ed1cf richard ggh replied to the topic Technician near Stockton, CA in the forum Repairs https://laundromatresource.dreamhosters.com/forums/topic/technician-near-stockton-ca/#post-19590 Wed, 15 Feb 2023 12:07:09 -0800 Hello, I am Richard, a travel blogger and I love to share my Travel experiences. For any travel and flight related assistance, I depend on the what terminal is united airlines at o’hare . To make sure my travel plans are met comfortably and I avail a memorable holiday experience, I book my holidays with the United Airlines office in Chicago as…[Read more]

]]> 0 fb4b3f6904321cab3c55e893ea7d4a7c Beard Care Pro started the topic Achieve the Perfect Beard with Beard Care Pro - The Best Beard Straightener in the forum Commercial Real Estate https://laundromatresource.dreamhosters.com/forums/topic/achieve-the-perfect-beard-with-beard-care-pro-the-best-beard-straightener/ Wed, 15 Feb 2023 07:00:20 -0800 Beard Care Pro is the ultimate solution for achieving the perfect best beard straightener. With its advanced straightening technology, it tames even the wildest of beards, leaving them smooth and frizz-free. Whether you’re going for a sleek and polished look or simply want to maintain your beard’s natural texture, Beard Care Pro has got you…[Read more]

]]> 0 f543412613f51d68ed2e37102cc6d9f2 Michael Brickner replied to the topic We currently take coins only but want to add app pay also in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/we-currently-take-coins-only-but-want-to-add-app-pay-also/#post-19560 Tue, 14 Feb 2023 18:13:31 -0800 Go app based payment. it’s one of the fastest and simplest ways for customers to pay. Coin Wash is also a common one used.

]]> 0 47d7e006a4aa42e6ca6d794f559eae87 Michael Brickner replied to the topic How to get rid of gigantic old washers? in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/how-to-get-rid-of-gigantic-old-washers/#post-19559 Tue, 14 Feb 2023 18:11:07 -0800 Have you bought this place yet? How many washers do you need to replace? How many do you plan to keep?

]]> 0 2e67470db4413f88296f43fde62541af David Mollison replied to the topic Can this deal make sense? in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/can-this-deal-make-sense/#post-19552 Tue, 14 Feb 2023 16:51:35 -0800 Rent pm is Rent per month, Tripple net is the property taxes any expenses the landlord incurs for keeping the car park clean and graffiti removal. Welcome to the forum. Best of luck finding a deal.

]]> 0 be2b842d0aedab977623ed165def8e76 Edgar replied to the topic Can this deal make sense? in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/can-this-deal-make-sense/#post-19549 Tue, 14 Feb 2023 05:48:51 -0800 Hey David, I’m new here so I’m just going through the forums. What does “Rent PM” and “Triple Net” mean?

]]> 0 9cecc5dba138ecd569e3c76e89f7eaff Johnny Meier started the topic Laundromat Letter in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/laundromat-letter/ Mon, 13 Feb 2023 21:41:27 -0800 Hey everyone, I was wondering if anyone had a great letter that they have used to send / drop off at different laundromats around the area to simply state that you’re possibly interested in their business? I know Jordan has mentioned this is a good way to get your name out there and maybe generate some interest from owners who may not have their…[Read more]

]]> 0 ce0afc7619c21c8865a257f760c10d8c Kevin Sullivan and Trenton Adams are now friends https://laundromatresource.dreamhosters.com/activity/p/10409/ Mon, 13 Feb 2023 19:22:13 -0800 0 3b31031bd50d74dbd508a0234a548ed2 Juan started the topic Operations? in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/operations/ Mon, 13 Feb 2023 16:29:27 -0800 I’ve hears some podcasts and read through this forum and others in the past. I find it interesting that not too much time is spent discussing business operations or challenges. Most subjects focus on the business, revenue, potential revenue, purchasing, benefits, how great the industry is, etc..

Operations are a key component. This is a…[Read more]

]]> 0 15215c2e14a3c04a0c824db33fbfd189 Juan replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner-2/#post-19542 Mon, 13 Feb 2023 16:02:00 -0800 Hello David,

Welcome. Exciting emotional times for you I bet. 7k a month? That’s ugly. Are you still going through due diligence?

I don’t know about the liquor idea but I can tall you that thinking / hoping on the possibility of adding WDF is equivalent to making a purchase on potential. Hard to put a meaningful number on that.

We’ve…[Read more]

]]> 0 e13416bdebe4ff1e6ee319e032b03af7 Juan replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner-2/#post-19541 Mon, 13 Feb 2023 15:54:58 -0800 Hi Justin,

Welcome. It’s not as easy as people think. This is a good start. Good luck with your journey and final decision.

]]> 0 1533c7f23560ea70da59665a5ba70b59 David Mollison replied to the topic Can this deal make sense? in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/can-this-deal-make-sense/#post-19525 Fri, 10 Feb 2023 18:20:17 -0800 Apologies my tabs didn’t formatting correctly once returned into the form. Basically, the rent will double at time when water and gas are jumping up. Can this still work? Maybe the profits were being skimmed from the tax returns. Maybe there’s a huge upside in Fluff and fold and Pick-up and delivery?

Thoughts?

]]> 0 602ef401cce8d7e3f9b78eeeb76846e8 David Mollison started the topic Can this deal make sense? in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/can-this-deal-make-sense/ Fri, 10 Feb 2023 18:13:46 -0800 Hi All,

I’m new to this. After looking all over LA and only finding laundromats with over 50% broken machines and books that didn’t show a profit I have just found a laundromat in my area “Hooray!”. The problem is the rent and triple net are much higher than the location could previously support.

History:
Tax return yr Rent pm Triple Net LA…[Read more]

]]> 0 8c55378d1384f5b3b1bb5f3988cbce7e David Mollison replied to the topic Well Water for Laundromat in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/well-water-for-laundromat/#post-19522 Thu, 09 Feb 2023 22:43:41 -0800 Sounds amazing. Water rates in LA are a massive expense. I’m thinking of doing a water filtration system to recycle the water I will use. $50k – $75K system.

]]> 0 a70cc58f4681a0a399335d23923b8565 David Mollison replied to the topic Hello from Orange County CA in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/hello-from-orange-county-ca-2/#post-19521 Thu, 09 Feb 2023 22:38:20 -0800 Best of luck to you. I’ve had a hard time finding Laundromats that arn’t total rubbish with up to 80% broken machines. The books that I’m seeing are terrible as well. I think if you get into the $300k and above range things start to make a little more sense. Knocking on doors rather than reading online listings is better as well.

]]> 0 209f9e28ac1d3e6b7f6d08e58f51c4f7 David Mollison replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner-2/#post-19520 Thu, 09 Feb 2023 22:24:25 -0800 Welcome, I new here also. I’m moving forward with signing a lease on a Laundromat now. Looking to open on March 1st. The laundromat I’m looking at is great but the lease is super high. About $7k a month. I’m very scared I won’t be able to attract enough customers to make it work.

I’m looking into adding every extra revenue stream possible. Maybe…[Read more]

]]> 0 0fea3db6a8bb646e5d9314c8d0ff1d05 Candice Bryant started the topic How to approach an owner of a stand alone laundromat that is not for sale. in the forum Commercial Real Estate https://laundromatresource.dreamhosters.com/forums/topic/how-to-approach-an-owner-of-a-stand-alone-laundromat-that-is-not-for-sale/ Thu, 09 Feb 2023 19:58:03 -0800 I have found a very rundown laundromat in my area. It is NOT FOR SALE. It is its own building, unattended. I did some digging and found out that the owner owned the business next to it. That was his passion, not the laundromat. That owner passed away a couple years ago. My question is… does anyone have any suggestions on how to approach his…[Read more]

]]> 0 b08817126e66b50701544944e1541fe8 Connor howard started the topic How to make a page on Wikipedia to provide finance education in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/how-to-make-a-page-on-wikipedia-to-provide-finance-education/ Thu, 09 Feb 2023 13:42:20 -0800 Creating a page on Wikipedia to provide finance education is a great way to share information and help people learn more about this important topic. To make a page on Wikipedia, the first step is to research the topic and create an outline. Once the outline is complete, it is important to find reliable sources that provide the information…[Read more]

]]> 0 df406e027711704c5dbc021eda07331b Jaid Boyer replied to the topic ROBS (Rollover for Small Business) in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/robs-rollover-for-small-business/#post-19516 Thu, 09 Feb 2023 11:01:59 -0800 “I personally haven’t used a ROBS before, but I have heard of people using it successfully. I think the key with any investment is diligence and the fact that you understand all the rules and requirements involved”
It sounds like you’ve already spoken with ROBS specialists and have done your research, which is a great first step. If you hesitate…[Read more]

]]> 0 b8672e813fb532f7f477e5bc849ca477 Jaid Boyer changed their profile picture https://laundromatresource.dreamhosters.com/activity/p/10356/ Thu, 09 Feb 2023 10:56:00 -0800 0 46876f347856502186b0761cbd803bf9 Jaid Boyer replied to the topic ROBS (Rollover for Small Business) in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/robs-rollover-for-small-business/#post-19514 Thu, 09 Feb 2023 10:55:01 -0800 I personally haven’t used a RIBS before, but I have heard of people using it successfully. I think the key with any investment is diligence and the fact that you understand all the rules and requirements involved.

]]> 0 e5be8dab119e70eb88f06dae63462650 Justin Foster started the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner-2/ Thu, 09 Feb 2023 01:21:35 -0800 My name is Justin, I live in West central Florida and looking to get my first laundromat. Looking to learn as much as possible. Thanks for having me.

]]> 0 cc2c57b209a8a111bbe3dcd1e81d6bd7 Juan replied to the topic ROBS (Rollover for Small Business) in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/robs-rollover-for-small-business/#post-19511 Wed, 08 Feb 2023 23:14:35 -0800 IDK, contingent on the cost of the mat Vs how much is invested this could go one of 2 ways with of course the entity “setting it all up” being the only winners as they take their cut right off the top.

The risk, albeit semi calculated is still there in that you could loose your funds in either scenario, Stock market vs owning a laundromat. The…[Read more]

]]> 0 c7d9c5d530e63a2e0712429a9d3db663 Alice Kidd replied to the topic Facebook and Youtube to promote your local laundry? in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/facebook-and-youtube-to-promote-your-local-laundry/#post-19510 Wed, 08 Feb 2023 21:40:58 -0800 Yes, for sure! Using Facebook and YouTube can be effective in promoting a local laundry business. Both platforms have a large user base. Besides, they can provide a cost-effective way to reach a wide audience. Btw, I’d suggest using TikTok too. It’s a relatively new platform with many users. At first, it would help to buy some views from reliable…[Read more]

]]> 0 3494626ca000335e33bdf7a7ff617fde Juan replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner/#post-19504 Wed, 08 Feb 2023 17:27:52 -0800 Hi Scott,

Okay. Will do. Look for a message from me soon.

Thanks.

]]> 0 ac805b144e844414d0d05b6ef1a7fc61 Aizum Yawkee replied to the topic New Member looking to get in the business in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/new-member-looking-to-get-in-the-business/#post-19502 Wed, 08 Feb 2023 13:22:10 -0800 As a veteran, you may be eligible for special business grants or loans through the government. It might also be worth checking with local organizations in Texas that support veteran-owned businesses. As for financing options, I recommend reaching out to your local Small Business Administration (SBA) office or checking out their website for…[Read more]

]]> 0 f5f6e4da388fa91d49ff463283b3c525 Aizum Yawkee replied to the topic New Member looking to get in the business in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/new-member-looking-to-get-in-the-business/#post-19501 Wed, 08 Feb 2023 12:35:39 -0800 Hey there! Thanks for reaching out. Starting your own business can be a big step, but it’s great that you’re considering it.

]]> 0 4526d9bbc1b201576c6a13a13ba5f4e0 Ratna Pillai started the topic Hello from the Bay Area - Seeking Broker Advice in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/hello-from-the-bay-area-seeking-broker-advice/ Wed, 08 Feb 2023 06:36:54 -0800 Hi everyone!

I recently left the tech world after 10 years and am determined to become an entrepreneur through small business ownership. I just started researching laundromats two weeks ago and am knee deep in podcasts and books (the more I learn, the more exciting it gets!). I am also starting to meet with local laundromat owners to better…[Read more]

]]> 0 6810c1b4ac3894a8ff2cdb1885fcce94 Percie Goodwin started the topic Hello from Orange County CA in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/hello-from-orange-county-ca-2/ Tue, 07 Feb 2023 22:12:29 -0800 Hi Everyone,
I am new to the community and wanted to introduce myself. My name is Percie, and I live in Buena Park, CA. My wife and I have thrown around the idea of owning a laundromat for a couple of years now, but I’d really like to take things from an idea to a reality. I have a good paying job, but I am really getting burnt out with all of the…[Read more]

]]> 0 c28b6995de56bd10dae2d23b0ddf2075 Jame Amenda replied to the topic ROBS (Rollover for Small Business) in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/robs-rollover-for-small-business/#post-19495 Tue, 07 Feb 2023 16:41:42 -0800 It’s a good idea

]]> 0 91c5b596d33374a5d5e678489b1d0663 Scott Christensen replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner/#post-19484 Mon, 06 Feb 2023 12:36:02 -0800 Juan,

Email me and I will send cell.
Thecoastalguys@gmail.com

]]> 0 467cc9b9786ec5ac29aaa6a9289965a7 Juan replied to the topic Success Story as Owner Investor in the forum Financing https://laundromatresource.dreamhosters.com/forums/topic/success-story-as-owner-investor/#post-19477 Mon, 06 Feb 2023 05:39:48 -0800 I have a very demanding full time job / career. I’ve owned and operated my location for close to 16 years. Great investment and success story. Yes I would do it again in a heartbeat. Regrets? Not starting sooner.

]]> 0 0547450caec5adfc5b57f3c31af9f024 Juan replied to the topic Future owner in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/future-owner/#post-19476 Mon, 06 Feb 2023 05:35:22 -0800 HI Scott. Sorry about the delayed response. I don’t sign on the forum too often. Yes, of course. Send me a pM or your contact info. We can talk some more and see what we can schedule. My location is small but very efficient.

Thanks.

]]> 0 6ff6b60ee3e3d0d610e2848e1cfd6302 Jordan Berry wrote a new post https://laundromatresource.dreamhosters.com/?p=19444 Thu, 02 Feb 2023 19:13:00 -0800 8686df1bb59785208e54d15c11d662a5 David Mollison started the topic LADWP rate hikes? in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/ladwp-rate-hikes/ Thu, 02 Feb 2023 18:39:18 -0800 Hi,

I’m excited to buy my first laundromat and doing due diligence on a few locations around LA. I’m trying to get the figures work out and they barely make it with the utilities and older machines. It looks like we have some massive rate hikes about to hit. Is that correct? Are existing laundromats about to become unprofitable in LA?

Thanks. D.

]]> 0 e9c5ec30c6bdda8c4d2a036a32e09188 Lucas Woodward started the topic Technician near Stockton, CA in the forum Repairs https://laundromatresource.dreamhosters.com/forums/topic/technician-near-stockton-ca/ Wed, 01 Feb 2023 16:52:28 -0800 Hello,

We are new to the Laundromat business and are in need of a repair tech in the central valley area. We are located in Stockton, CA. Any help is greatly appreciated.

]]> 0 c0a3ed50f36a0926cd9018ac8d4b538f https://laundromatresource.dreamhosters.com/activity/p/10243/ Wed, 01 Feb 2023 06:27:53 -0800 0 7eaad1b848cad7e8f72937bc964279e2 https://laundromatresource.dreamhosters.com/activity/p/10242/ Wed, 01 Feb 2023 06:27:14 -0800 0 a62052f8019fc3f3d817c4db7c7785f6 https://laundromatresource.dreamhosters.com/activity/p/10241/ Wed, 01 Feb 2023 06:26:21 -0800 0 6c7868cdbe771d798cfd0638cd97d82a Percie Goodwin changed their profile picture https://laundromatresource.dreamhosters.com/activity/p/10240/ Wed, 01 Feb 2023 06:25:08 -0800 0 328abab365562d92604b337f179266b6 https://laundromatresource.dreamhosters.com/activity/p/10239/ Wed, 01 Feb 2023 06:21:49 -0800 0 7ec9308d1fd596cef70ce594f3af132c https://laundromatresource.dreamhosters.com/activity/p/10238/ Wed, 01 Feb 2023 06:20:18 -0800 0 c4004acf12c0d5ee24d7df5cdeb80f69 https://laundromatresource.dreamhosters.com/activity/p/10237/ Wed, 01 Feb 2023 06:18:33 -0800 0 dd9ec6657213ac2cb8dc32f558302cbc Joy of Life Surrogacy started the topic Surrogate Services in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/surrogate-services/ Tue, 31 Jan 2023 06:35:54 -0800 Surrogate California Agencies | Surrogate Mother Services near Me | Surrogate Services | Joy of Life Surrogacy | If you’re in California searching for “surrogacy programs near me,” or wondering how much does surrogate mother cost, then Joy of Life is here to help. We’ll answer all of your questions about our clinic and services and guide you thro…[Read more]

]]> 0 d838e83fbf696cfdef2c4b55dfe58404 jordan loreto replied to the topic Potential Purchase of Laundromat in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/potential-purchase-of-laundromat/#post-19409 Tue, 31 Jan 2023 05:14:21 -0800 If there are some machines out of order then it seems like 40K is high. The lease price is fair and if you can get at least 10 years on it then great. You could run it as is then when you have the lease consider a retool. How is the location?

]]> 0 e14f7ac21388f08b5091415fbc1f37bd jordan loreto replied to the topic Deal Analysis with incomplete information in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/deal-analysis-with-incomplete-information/#post-19408 Tue, 31 Jan 2023 05:03:14 -0800 Have you been to the store? Is the equipment in good shape? How much is the lease?

]]> 0 ffd21a730ac920cf9fc73e2ff8a47af5 Laura Crawford replied to the topic NUTAKU Gold Glitch 2022 in the forum New Member Introductions! https://laundromatresource.dreamhosters.com/forums/topic/nutaku-gold-glitch-2022/#post-19363 Sun, 29 Jan 2023 00:51:39 -0800 Games take up quite a lot of my time, and I don’t have much time for other entertainment and hobbies (unfortunately, since

]]> 0 066ddd4b6baa9bae65ba5a26583f7900 Alex Alleva replied to the topic Well water in the forum Laundromats https://laundromatresource.dreamhosters.com/forums/topic/well-water/#post-19361 Sat, 28 Jan 2023 23:16:27 -0800 Hey John

I just posted a similar question. Where you able to find anyone with answers to your questions? Did you end up buying the laundromat in question? Thanks

Alex

]]> 0