Laundromat

“There's something like 30,000 laundromats in the United States total, and that's all sizes, huge ones, tiny ones, self-serve only others like who we serve that have drop-off laundry services where there are laundry tenants at the store.”

“Laundromats are really, really hard on computers, especially ones that have fans in them. Lots of lint in the air. You literally have to take the computer out and dust it off with some cans of compressed air to get the lint out of the computer.”

“You know, that laundromat cost me a 100,000 dollars and it made me 67,000 dollars a year. That's a pretty damn good cash on cash return.”

“Digital businesses beats any laundromat, self-storage, or vending machine business. It's basically easier and better margins to build internet-based businesses.”

“The average laundromat makes somewhere around a hundred to 500,000 dollars a year. Like that's what a laundromat makes at 15 to 10 to 15% margins.”

“The first technically boring business I bought was a laundromat. That was a laundromat that we bought for a 100,000 bucks, give or take... Phoenix, Arizona. So did about 67, 68,000 dollars in profit.”

“I think there's gonna be a lot, here's my prediction, I think there's gonna be a lot of internet people who are gonna end up buying laundromats and stuff like that, and it's gonna go really wrong”

“In a lot of ways, it feels like car washes or self storage or laundromats really have been like front and center in kind of focus for private equity.”

“And, you know, so the area I grew up in was economically challenged and needed laundromats. Tried to apply some innovation to laundromats with dynamic Pricing and some other things.”