Laundromat Business?

Discussion in 'Small and Medium Sized Businesses' started by dman81, Feb 13, 2005.

  1. dman81

    dman81 Member Original Member

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    I am very interested in opening a laundromat business, its a good source of passive income. Does anyone know the basics or something I can read on?

    THX
     
  2. InvestingMac

    InvestingMac Member Original Member

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    Good luck!

    I actually did a search on google for "laundromat business", and the first few results looked very promising.

    Might be the information you needed. Give it a try.
     
  3. dman81

    dman81 Member Original Member

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    Where are you located? Maybe we can team up and share ideas in this business?
     
  4. InvestingMac

    InvestingMac Member Original Member

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    I'm close to Toronto.

    What is your potential timeline for opening?
     
  5. dman81

    dman81 Member Original Member

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    I would say 4-5 years considering I would have to raise capital, draw up a business plan and find a good location. I am relatively young (23) so I really do not have rush. However, I would like to share ideas.

    Have you already started a plan?
     
  6. InvestingMac

    InvestingMac Member Original Member

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    No I haven't.

    I'm in a very similar boat to yourself. But if the finances work out, I will begin my initial planning within the next 10 years. Perhaps not a laundromat, but it's something to consider.

    In the meantime I'm going to be focusing on other investments. No need to rush such endeavours. :)
     
  7. paula0000

    paula0000 Member Original Member

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    Occupation:
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    laundry...

    Love the idea about the laundromat business. I am east of Toronto and there seems to have been a few pop up recently. They're usually full too.
     
  8. ThomasSmith

    ThomasSmith New Member Original Member

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    Online business is a good souse of passive income. it is a way to make money online.




    making money online