How much does a laundromat cost to run

  • Published: 04 November 2019
  • Here's the October and September spread sheets for the laundromat. All my costs, all my expenses and the actual money it makes (or loses me). Hope this clears up all the water cost questions regarding operating it.

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Comments • 1 332

  • Casino Bandit
    Casino Bandit  60 minutes back

    this is inspiring

    • Duke Nukem
      Duke Nukem  2 days back

      Just wondering, with the mechanical nature of your machines does that mean you can't adjust your prices without buying new machines? This is the biggest disadvantage that comes to mind, not being able to change your prices based on inflation and market conditions (say cost of water goes up unexpectedly).

      • Ignition
        Ignition  2 days back

        Did you drive there? I don't see travel expenses in this spread sheet, also dont forget to calculate the trips to restock the vendor machines... :P

        • NES 83’
          NES 83’  3 days back

          Hmm, laundromat is paying the mortgage on the real estate and is generating some cash flow...that’s a good long hold play for an investment.

          • B Miller
            B Miller  3 days back

            You should keep in mind that it isn't just $41/hr. net for your return. You have whatever capital tied up in the ownership, so for example, if you have $50,000 tied up in the ownership (down payment, plus principal accumulation from mortgage, plus appreciation if values are rising - and less depreciation on equipment), and that money could be said to yield 6% elsewhere, then that would net around $3K annually, which could be considered "lost revenue", and subtracted from your annual net income to achieve a more accurate number...

            • Calamity Jane
              Calamity Jane  3 days back

              You let yourself be way too bothered about criticism. Everyone's a critic. Just ignore it.

              • Darwin Quezada
                Darwin Quezada  3 days back

                I appreciate the video man, that's actually good income for the hours you put in your business. $40/hr and up is an excellent net income.

                • Civil Villain
                  Civil Villain  3 days back

                  I've been involved in commercial real estate/small business ownership for about 30 years and have always been wishy washy (haha) about laundry mats and car washes, so this has been fascinating to watch.

                  One question:
                  Do you check your coins for precious metal/collector finds that exceed face value?

                  Really interesting content, thanks for posting!

                  • dave g
                    dave g  3 days back

                    never give a tenant a break ! Im a home owner and gave too many breaks to people and guess what when I had enough and started to evict them they destroy your property , stay in apartment to use up security deposit and then they disappear , call the cops on you , flood the kitchen and bathrooms etc etc ! And NYC is for the tenants not the landlord , you can not lock them out to protect your property ,if you do you can get arrested or fined ! Tenants always want a break always have issues but they forget and dont care that you looked out for them and they will never look out for you ! my last tenant cost me upwards of 10k and disappeared ! Oh and I dont discriminate I had people from another country ( mexico )and NYC is a sanctuary state ! They can sue me and get paid I sue them they disappear thanks DiBlassio and Cuomo !!!!! I bet you they would never rent to people like I took a chance on !!!! Lesson learned !!!

                    • Darryl Carter
                      Darryl Carter  4 days back

                      Good videos...never stop...thanks for showing the real business that average small business owner will likely deal with. It is a long game. When you have 20 facilities, the naysayers will be asking you for loans.

                      • The Lotus Pod
                        The Lotus Pod  4 days back

                        Honestly, I LOVE videos like this. I'm a 28 year old guy that works factory and is starting to think about investing in a few vending machines just to start in the 'business' side of things. I've been talking to a few businesses to see if I could put up a soda vending machine or 2 to start out and they seem pretty......annoyed I would ask that. Any tips on where I should look or talk to about setting up a single soda vending machine?

                        • mrblowhard2u
                          mrblowhard2u  5 days back

                          Your video is misleading...why......because you are including the income from the rental units above the laundry. The laundry in its self has lost money over the 3 month span of operation. Most viewers, I think assume that the video's are about the laundromat it self.

                          • S.L. Royster
                            S.L. Royster  5 days back

                            Thank you for this informative video! I always wanted to know much a laundromat makes.

                            • Paul's CCNA
                              Paul's CCNA  5 days back

                              Basically, if you did NOT have the two rentals, upstairs, then the business would have a loss, if I project the number you gave over a year. If I guess, that any long term annual profit is in the mortgage (if we remove the apartments) from the numbers and any increase in sales over time. My guess is that this business probably over 10 years will make $5,000 a year in net profit on the bottom line, (ever).

                              • MindCompass
                                MindCompass  5 days back

                                I'm glad to see someone else who has also procrastinated to activate windows as i have, no longer feel alone :D

                                • Deloss92
                                  Deloss92  5 days back

                                  can i just say i love how None commercial this video is. I mean that in the best way possible. Everything on youtube is so like professional and commercial type videos. It so nice for a change.

                                  • Morty
                                    Morty  5 days back

                                    He kinda looks like that one guy who eats toilet paper and other crazy stuff😂


                                    • Brian notafan
                                      Brian notafan  5 days back

                                      ist rule dont give give breaks they will bite you in the ass every time

                                      • Brian notafan
                                        Brian notafan  5 days back

                                        i'd have at least 4 good paying machines off the books spending money

                                        • M A#np
                                          M A#np  6 days back

                                          I imagine facial recognition on your cameras would be a good way to keep tabs on bad actors entering your property also, some AI tech like at amazon cashless store, which monitors what people are doing for any potential vanalism or theft..

                                          • M A#np
                                            M A#np  6 days back

                                            do you have a suggestion or comment box or number people can leave message or text to with comments and questions or suggestions? Like if there is a consession people need or like.. to experiment with keeping on top of what items people preferr? Also, wondering where you buy your conessions supplies?

                                            • M A#np
                                              M A#np  6 days back

                                              which app or software program are you using for your spreadsheet? And I want to know are you using LED lights? Also.. I am wondering what the water costs per gallon?

                                              • IntermittentSailingWithKids

                                                This is awesome. I really enjoyed it and thanks for sharing. Anyone who thinks running a business makes you necessarily rich, needs to go try it. Yes there is a lot of "cash", but most of it gets eaten up by expenses. The benefit comes from working for yourself, and not being a slave to a company. Is it any wonder that Salary and Slavery both start with S?

                                                • P Jones
                                                  P Jones  6 days back

                                                  You got my subscription by giving your tenants a break when things were rough for them. Good karma

                                                  • MisterNarrador
                                                    MisterNarrador  6 days back

                                                    thanks for the info. I believe you will be making more profit with no laundry and just rent. rent only profit would be about $1200 per month, rent + laundry would be around $600.

                                                    • Zi Ren Yong
                                                      Zi Ren Yong  6 days back

                                                      activate your window 10

                                                      • Radius
                                                        Radius  6 days back

                                                        Cleaning and maintenance costs are big in laundromat business however if you know how to do this by yourself it’s a big saving. This is based on experience especially if your business is a high traffic like in areas close to schools, equipment breakdowns are frequent.

                                                        • Jwxo Weeye
                                                          Jwxo Weeye  6 days back

                                                          Once you install card readers your income should go up

                                                          • Hello There
                                                            Hello There  6 days back

                                                            Very good and interesting video -- thanks for taking the time

                                                            • excited box
                                                              excited box  6 days back

                                                              Keep that vending machine full. I had a few machines and it makes a huge difference in sales. People buy more if the machine is fuller even if nothing was sold out.

                                                              • Taylexwow
                                                                Taylexwow  6 days back

                                                                You seriously stick with a NOI of 1900 AFTER you indicate 660 dollars of expenses not included..... I get 500 is you to you but still..... Let's be honest the laundromat business income was 1300 not 1900 as you keep on that sheet and the first month was technically just 160 after the 500 dollar rent charge to it. Agreed you are doing well but that presentation is inaccurate as hell and I know you don't have investors but you need to keep better records

                                                                • sdushdiu
                                                                  sdushdiu  6 days back


                                                                  • TEN THIRTY ONE
                                                                    TEN THIRTY ONE  6 days back

                                                                    Saves money by not buying a Windows License....

                                                                    • James Armstrong
                                                                      James Armstrong  6 days back

                                                                      Cash business is king - working/watching 7 days a week turns life into part time living.

                                                                      • Kevin Forrest
                                                                        Kevin Forrest  6 days back

                                                                        I love that you do this and I will refer my potential buyers to your video's. In California I'm brokering laundries in the 1MM-2MM+ range netting 17K-30K+ net per month. These laundries are 5,500-6,000 sqft. Upgrade this one you have now and then 2 years later that cash flow and laundry collateral will allow you to buy your second and then the two will pay the first off and then use the 2 to buy your third and all 3 pay the second one off and then the three buy the forth and 5-7 years later you can sell them off as a franchise for several million dollars and go buy a strip mall and be a bigger LL (landlord) than you are now...

                                                                        • Mark Sieg
                                                                          Mark Sieg  6 days back

                                                                          Nice graphinola in the background man.
                                                                          Great videos, and very good basic info. Been wanting to look more into investments recently

                                                                          • Gates Mcoy TV
                                                                            Gates Mcoy TV  6 days back

                                                                            Most negative people have negative stuff going on in their life so their opinion doesn't really matter...

                                                                            • Steven Currin
                                                                              Steven Currin  7 days back

                                                                              You forgot to remind the naysayers that the money borrowed eventually gets paid off and since that debt is no longer there it gets moved to the profit side.

                                                                              • bigrebone
                                                                                bigrebone  1 weeks back

                                                                                Good video. Glad to see people putting out useful solid business advice.

                                                                                • John Bruce
                                                                                  John Bruce  1 weeks back

                                                                                  I’m a small business owner and also side investments. My employees and my family always think I make more then I actually do.

                                                                                  • Ronnie Pryor
                                                                                    Ronnie Pryor  1 weeks back

                                                                                    If your making $ it's a good investment! I own two businesses. It's so fun to celebrate the growth and problem solve the hurtles. Excellent video and content!

                                                                                    • indika nnn
                                                                                      indika nnn  1 weeks back

                                                                                      You are a great interputer, My opinion is if you lease the business, you can make net profit 5k

                                                                                      • Bill F
                                                                                        Bill F  1 weeks back

                                                                                        great video! to all the naysayers, they are likely never doing their own thing, building something that they own and unable to see the longer term big picture.

                                                                                        • Elysium
                                                                                          Elysium  1 weeks back

                                                                                          Why am i watching a laundromat youtube channel? I mean, i like it, but where did this come from?

                                                                                          • Pharaoh Heru Kar-EL
                                                                                            Pharaoh Heru Kar-EL  1 weeks back

                                                                                            Offer a mid-week discount day on your single-load washers. People will wash moor on that day. The laundry mat n my hood does this on Tuesdays & Wednesdays... And people pack the place on those days to wash in the top loaders...

                                                                                            $2.50 wash goes for $1.25 on those days...

                                                                                            • Pharaoh Heru Kar-EL
                                                                                              Pharaoh Heru Kar-EL  1 weeks back

                                                                                              U did well! Phukk da nay sayers!

                                                                                              • cat see
                                                                                                cat see  1 weeks back

                                                                                                He should invest in solar power and water making machine to save money you have to many deuts to pay.

                                                                                                • nemesiswes426
                                                                                                  nemesiswes426  1 weeks back

                                                                                                  Looks like someone's using a stolen windows or just never bothered to activate it lol.