Laundromat's are very, very hard work, we sold ours many years ago.
1) Constant Maintenance and repair. The customers constantly damage equipment. It is best if you can work on the machines yourself as outsourcing the repairs is expensive.
2) "The machine took my money" one hundred times a day, whether true or not.
3) Chasing down your carts throughout the local neighborhoods at least once a week. You wouldn't believe what those stupid carts cost.
4) Working seven days a week (cleaning, maintenance, collecting money, etc).
Its not bad, but don't be under the impression that it is easy money. There were three of us involved in the venture and it kept all of us busy pretty much full-time.
Washers and dryers are expensive, but they pale in comparison to the price of some of the other equipment (money changer).
We sold ours when it came time to upgrade the equipment. Because of the constant use, the machines only last so long and then they need to be replaced.
Oh yeah, and figure you will be replacing motors on a regular basis as well.
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