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Re: Coin-op laundromat
Old 09-16-2005, 10:36 AM   #21
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Re: Coin-op laundromat

Another downside to laundromats: cleaning college student barf out of the dryers... :P

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Re: Coin-op laundromat
Old 09-16-2005, 04:07 PM   #22
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Re: Coin-op laundromat

Originally Posted by Have Funds, Will Retire
Another downside to laundromats: cleaning college student barf out of the dryers... :P

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Re: Coin-op laundromat
Old 09-16-2005, 05:05 PM   #23 Founder
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Re: Coin-op laundromat

Originally Posted by Kronk
He's claiming 2 turns per day. ...
When we sold business that were mostly cash businesses, or the sales claims were suspect, sometimes the buyers would park down the street, watch the number of people who come and go for most of a day (and sometimes on multiple days), and then determine if the patron traffic matched up with the sales claims.

You can probably determine pretty easily the average loads per customer, by hanging out for a few hours inside (maybe doing your own laundry). Then do a "stakeout" and see if there are enough customers to make the numbers work out.

I will say that the people who bought laundromats said afterwards that they were more work than they expected. (But then again, so did the buyers of every business we sold -- non-business-owners were always surprised at the amount of time they had to spend dealing with all the stuff involved with business ownership. But having no employees with the one you are considering should ease that considerably.)
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Re: Coin-op laundromat
Old 09-16-2005, 06:01 PM   #24
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Re: Coin-op laundromat

IMHO owning a laundromat is like owning a boat.

The best day is the day that it's sold.

I speak from experience on both counts. If I had to choose one to take back it would be the boat. (well I think so, give me a few minutes to decide)

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