$1M Invested to Start a Laundromat (Was It Worth It?)

Comments · 1K

• UP

  @UpFlip · 3 years ago (edited) · pinned

  Start your own laundromat business. Get access to Dave’s step-by-step blueprint 👉 <a href="https://www.upflip.com/course/acquire-your-first-laundromat">https://www.upflip.com/course/acquire-your-first-laundromat</a>

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• ON

  @onlineo2263 · 3 years ago

  Great video. The USA must be the only country in the world where people with cars do not have washing machines!

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• EM

  @Emanuel-jr2ii · 3 years ago (edited)

  Missed opportunity to make the title: &quot;... (Wash it worth it?)&quot;

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• SU

  @superman60201 · 1 year ago

  The most attractive part IMHO is the wide aisles and lots of space for people to move around. It is hard to explain, but the psychological safety of being able to move freely while doing something as needed as washing clothes without micro aggressions is huge.

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• JO

  @John-xeyvfkwieba · 3 years ago

  This guy seems like a great owner. Wish him the best of luck

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• LE

  @lesliethomson2441 · 3 years ago

  I&apos;ll never open a laundromat BUT I&apos;m delighted to hear this and if I learned anything is &quot;customer experience&quot; and &quot;do not contest&quot;. All the best.

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• GT

  @GTA6exclusive · 2 years ago

  dude needs to franchise tag this and be in every state in the country

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• MA

  @marcuspvxea · 3 years ago

  This CEO is definition on how to be successful, by offering quality he knows he doesnt have to compete and therefore is able ot be succesful and not having to put resources on competing, he also doesnt have to focus on marketing because he stands out so much in comparison and both offers completely new machines that are far better but a little more expensive.<br><br>Modern washing machines are both easier on the cloths, faster, better at washing and drying. The price range giving the service you get along with it (help with folding) is great fo older people making them regular customers. By also paying the employees a good salary they are far more interested in &nbsp;doing their duty.<br><br>The idea is great and will defiently turn into a multimilionaire company in no time, however the quality with the staff and maintenance will be the biggest competion as he heads on forth from here.<br><br>Wish him all the best luck, this motivates me to be a entreprenour myself and follow ideas i have been doubtful about. Keep being a role model. And massive credit to Upflip for being able to bring this all into perspective and actually give it the meaning it has given off. None of this would have been even close to as powerful as it was if it wasnt for the Interviewer, script and camera team.

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• NN

  @nnndude · 3 years ago

  Most businesses are owner operators. You are buying yourself a job that might pay better than where you are working. When leasing if owner will not sell ask for a ROFR (right of first refusal). This is where if the owner ever decides to sell they have to present the offer to the tenant and give them the chance to buy on the same terms as the offer. The lease will typically stipulate the tenant has so many days 10 to 21 to decide to match the offer or decline the ROFR. Also when leasing make sure the owner owns the building and land (fee simple) and not leasehold (building only). Owning the building only can create issues as 2 monthly payment one to building landlord and one to land owner. If you do rent from a leasehold &nbsp;make sure you can get option also with ROFR to buy the land as the tenant.

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• MI

  @MikeJa-tf7fo · 3 years ago

  Instead of buying a 2nd &nbsp;home, better to start something like this, house doesn&apos;t give food.

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• EM

  @eminencewriters212 · 3 years ago

  I own a small laundry business in Nairobi, Kenya. This is my inspiration. Wow.

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• TE

  @tesladetails · 3 years ago

  I love this channel! Tech enabled “boring businesses” are the future 😎

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