My Subscriber Bought Her First Laundromat! What Happens Next?

Would love a 3 month follow up to track her progress

I just admire people like this that are taking risk instead of asking or waiting for participation trophies. Wish you all the best .🙌

Ok let me get this straight. She'll be going 450k ( ish ) into the hole, not including interest or the investor deal. She also has $120k in repairs on top of that and equipment that may last 2 years before needing to be retooled. Assuming that the equipment is bundled with the package, she'll be paying 7.5% in interest on it 28 years after she has disposed of it. The building looks run down, unwelcoming and not really somewhere I'd want to spend time alone. On top of that you want to put a liquor store next to it, which will make it feel even less safe and welcoming. I don't see how a 9k+ monthly payment is feasible. And that isn't including insurance, maintenance etc. I wish the girl luck but this just seems like a horrendous deal.

Booze shops dont attract the best kind of people who may end up drinking in the parking lots and causing problems with the laundry customers. Why would she need to keep it a booze shop rather than something like a small grocery store which could compliment the laundromat. People can shop while waiting for cloths to be ready.

It's great to see you help others get into businesses.

Family is the only reason for the grind.

Scrap the liquor store and turn it into a convenience store. People doing laundry are more likely to wander in and get a snack/drink than they would be getting alcohol

Good luck. I wont name the town but i grew up and come back here weekly. She is going to have an absolute hell of a time here. Hopefully she has the perseverance to get through and be successful. Get yourself some top tier Security cameras.

Glad to see someone going from MLM's to owning real businesses.

Give the exterior a good pressure wash and refresh and good signage and lighting.. plus keep the area safe and welcoming to decent customers and thatll help out a lot

Congrats Jacqueline it gives me hope and motivation to do this myself!

Keep it up man!!

The amount of that loan, and the total overhead per month is a little terrifying, honestly.

My main reason is to pull my family name above the poverty line. One of my biggest goals in life is to get on the work grind and make money to have a comfortable life.

thats so cool i wish her lots of luck.

I work hard at the moment because I am in my youth and I need experience, particularly in the industry I am interested in. It helps me gain inside knowledge and experience that'll further influence my studies at school.

Great video showing the process and numbers and Helping her become independent.

I would scrape the liquor store. I would put a restaurant, maybe a smoothie shop, maybe break it down and expand the laundromat to the other side, dry cleaning, arcade or something else Get good motion sensor flood lights for people surrounding the store clean it up, maybe hire a security guard. She has def. room for many more vending machines in there, many more video games, claw machines. She gotta get creative and clean it up. Take those broken down top loaders out. Scrap them. Add more seating. Add some tvs. Add more folding space or storage area for the fluff and fold service

I'm planning on moving to Australia within the next 5 years and I've been getting quite interested in wanting to open a small business. Watching these stories really fills me with hope.

Sorry, the numbers don't work with this deal. This store needs 10K/month just to remain open...