I would've rather have my money back

After nearly 10 years the investment is insolvent, I get basically the assets which is a building.half being a laundromat with 7 working machines the other half a shuttered convenience store.
Laundromat will be a laundromat/ arcarde..c store will become a general store / office.
Everything goes to the scrap yard.

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ReptilianFromPlanetCrush · M

my dad owned a laundromat for several years. it was quite the money maker. he sold it eventually because he got tired of the hassle. damn good money though.

MarineBob · 61-69, M

@ReptilianFromPlanetCrush I'm letting SpeedQueen do the design and build using local labor and materials. It'll be a small footprint 10 washers and 10 dryers with easy capabilities to add more later on

TexChik · F

I have a client who owns 3 laundromats. Each
Location was in the black in a year after opening . In all cases he bought existing laundromats because they have all the plumbing in tact and passed inspection. He put in a few bigger capacity machines that cost $5.00 per Load and found those we used most often so he ended up selling the low capacity machines and adding more of the large . He added folding tables and his patronage increased. Bright lights , commercial tankless water heaters… He has to empty the money 3 times a week or they over fill and jam . He quit his job in his late 40s and takes care of his facilities . He learned how to service and repair the machines and now his son has a couple of places .

MarineBob · 61-69, M

@TexChik both places are in my and my grandsons name so I'll actually build them up for him.

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