Updated about 4 years ago on . Most recent reply
Investing into the Laundromat Business
There has been a lot of buzz lately regarding the investment into an interesting asset class - laundromats.
I would love to offer some expertise as I have been in the industry for a while and have learned a lot of the ins and outs of the business from operations to financing the project.
Feel free to ask any questions!
Most Popular Reply
There is money to be made in those business. However, they are not true real estate more of a brick and mortar business. For a laundry mat to be succesful it needs to be in a location with a lot of traffic. There is one here that is next to a pizza shop. Do your laundry and get a snack. It is in a strip mall and it is unlikely any of the tennants own the building.
Self storage and parking are similiar, love the idea, but I am not a fan of retail business.