Why shouldn’t I own a laundromat?
There are countless articles highlighting the benefits of owning a laundromat. Can you tell me why I shouldn’t consider it? What challenges, expenses, and pain points might I encounter that aren’t commonly mentioned in blog posts?
I owned a laundromat for seven years and learned three key things. First, aim for one large enough to have an attendant. Second, you’ll still need to visit almost daily to ensure everything is running smoothly. Lastly, you should be skilled at repairing things. While it’s a cash business and won’t make you wealthy, it can be rewarding.
Yes, I was initially skeptical of articles claiming you can run a laundromat entirely hands-off. I was considering one that was slightly larger and offered wash/dry/fold services. Having someone on-site for those tasks would help monitor the place, prevent vandalism, and assist customers. Can I ask why you decided to sell?