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/biz/ - Business & Finance

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7915924 No.7915924 [Reply] [Original]

I'm thinking of getting into the laundromat business. But is it a viable business? I mean is it more or less risky than a restaurant?

Would it be better to buy an already existing laundromat or try open my own, buying the space and the equipment?

>> No.7915954

It's pretty profitable if you're in a poor area with lots of apartment complexes. My dad owns one and has only one guy there managing it everyday. It's insanely better than trying to start a restaurant, yes. Starting from the ground up would require a decent sized loan -- buying an existing one would probably be cheaper overall, and you may just be able to keep the same staff running the place.

>> No.7915986

It's really profitable if criminals use your laundromat to "clean" their money

>> No.7916923

Hey, and you got a good excuse for so much power...maybe you could fit in some miners...Laundrominer