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

#shorts

[robertolg]

Great video. I like you add all the expenses including employees. How many employees do you have?

[BerzerkMaggot]

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

[chaundadon]

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

[SteezyB]

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

[mrbonk]

This has got to be one of the most satisfying jobs

[Heathers_ECE_Consultation]

Can you do one on how long it took you to brake even and turn a consistent proffit

[SteezyB]

Awesome breakdown. Thank you for the insight

[davepetro]

You forgot Taxes. Probably Taxes, repair maintenance.
I’m guessing

[Ciara]

It's good to know the
pros and cons of any
business. There is a
Laundromat near my home
and I go there frequently.
It's been there for nearly
40 years now. So obviously
the owners know what they're
doing.💰

[jjpazz]

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?

[ishifoster]

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 👏

[RealEstateTheHardWay-cvrs]

thanks how can i know the expenses and income if the laundrymat doesn't have records and is not running anymore

[ArmaniIntoParanormal]

✨That’s so cool congrats on your business ✨👍

[Nature_ways]

If that is correct then show us your tax return then we know know much your business really makes.

[kenarbes]

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.

[phillipmontoya]

How do u pay yourself? And how did u set up ur company. Llc. S Corp. Or corporation?

[alexlorenzo]

To the people in the comments, where did you learn math? Mars? If he’s does the same amount of revenue and expenses month over month, his annual profit would be: $7, 468.76 x 12 = $89, 625.12. His business is profiting roughly $90, 000 a year. People were commenting $75k/$95k/$80k lmao.

[richardfolmer]

Does this include u as an paid employee??

[CrazyGamersShort]

I can write any type of comprehensive business plan with financial model and graphs

[Vibe_Boss]

It is a good business, IF you have 2 or more laundromats.