My Laundromats Make This Much Money
Diversified Income Experiment | Passive Income
English - November 11, 2021 13:00 - 25 minutes - 34.7 MB - ★★★★★ - 112 ratingsInvesting Business Technology business investing entrepreneur realestate realestateinvesting marketing cashflow finance interview entrepreneurship Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome back to the Diversified Income Experiment Podcast! In this episode, I will walk you through how much money my laundromats make! I will share how much it cost me to put up this business and how I was able to finance it. Also, I will break down the expected revenue per month, all the expenses, and the net profits made from running my three laundromats. I will also share how I make it possible to generate passive income out of my laundromat business. Listen in and learn how you can also make a lot of money out of laundromats!
[00:01 – 05:20] Opening Segment
- What I love about the laundromat business
- An overview of my laundromats
- The advantages of building nice laundromats
[05:21 – 25:15] How Much Money My Laundromats Make
- The net profit my laundromats make
- Why laundromats are expensive to open
- Expected revenue per month
- Cash-on-cash return
- Equipment lease
- Why I built three laundromats instead of one
- How this business generates passive income
- Breaking down our monthly expenses
Tweetable Quotes:
“When something goes wrong, I will have to get involved. My manager will eventually find a better opportunity or her family's gonna want to move out of the area or whatever the case may be, and that's gonna be a big ripple effect. But to have the freedom for the last year and a half to have not had to go at all [to the laundromats] is something for you to consider. When you hear people talking about laundromats and they say, ‘Hey, can you really run them passively or not?’ This is my exact story.” - Keith Leimbach
“Do something awesome today. It is just another day for you. You get an option and an opportunity every day. Go do it for yourself.” - Keith Leimbach
I WOULD LOVE TO HEAR FROM YOU! If you have questions, comments, or want to talk about life-changing opportunities, reach out to me through LinkedIn /in/keithleimbach, send me an email at [email protected], or visit https://dincpie.com/