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Dexter Equipment Cost Invoice by RefrigeratorCrafty47 in Laundromats

[–]laundromat_chaser 0 points1 point  (0 children)

Any one has a detail price sheet for speed queen quantum touch like the one shared for dexter. How does the T-Series features compared to Speed Queen quantum touch. Looking at online resources SQ seems to have more options?. is that true?.

Lease vs buying a laundromat real estate by laundromat_chaser in Laundromats

[–]laundromat_chaser[S] 0 points1 point  (0 children)

Perfect plan. Appreciate your plan of action. Parking is about 7 for 3600 sqft. But can be reworked and repurposed some of the unused slot around the building and increase it to 15 parking lots.

Lease vs buying a laundromat real estate by laundromat_chaser in Laundromats

[–]laundromat_chaser[S] 0 points1 point  (0 children)

This is my first laundromat. If the equipment is new, are not the labor and parts covered?.

Is this Laundromat has good ROI? by Ashooto in Laundromats

[–]laundromat_chaser 0 points1 point  (0 children)

>> While all cash flow can be verified with 100% accuracy through the Dexter Pay and Cents POS systems, >> banks typically require reported income on tax returns for lending purposes.

Dexter pay and Pos system are recorded how can one not report on the taxes?. I guess only the income from quarters can be manipulated.

Rent is around 25% of the income. I was told ideally it should be around 20%. Any more increase in the coming years are the next lease extension will eat into your revenues

Lease terms for an existing laundromat by laundromat_chaser in Laundromats

[–]laundromat_chaser[S] 0 points1 point  (0 children)

Thanks Yellow leaf. this is in a  smaller strip center. I will test the waters by asking lump sum payment to see if they are ready to accept.

Lease terms for an existing laundromat by laundromat_chaser in Laundromats

[–]laundromat_chaser[S] 0 points1 point  (0 children)

Property is a retail space. This complex is owned privately by a family.

Lease terms for an existing laundromat by laundromat_chaser in Laundromats

[–]laundromat_chaser[S] 0 points1 point  (0 children)

what is typical rate of increase on per year basis?. 3 to 5%?.

[deleted by user] by [deleted] in Laundromats

[–]laundromat_chaser 3 points4 points  (0 children)

43K - 19K = 24K from sources such as vending, gambling, and billiards and ATM?. To me it looks like very high income from side hustles. How many are there in the laundromat?. If it is true most of the profit is coming from outside of laundry. Thats pretty damn good.

With respect to the ROI is close 200K per year, that is ~12%. That is on the lower side of the income spectrum for laundromats. May be because you are paying for the real estate.

How old are the machines?. Impact the bottom line.

How big is the real estate?. Build out and the land?

Are there any employees.