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Lawn care business or cleaning business are the first ones that come to mind. Both have a relatively low barrier of entry. I was able to create a lawn care busi

Lawn care business or cleaning business are the first ones that come to mind. Both have a relatively low barrier of entry. I was able to create a lawn care business for under $10k in upfront investment, and that means absolutely everything: marketing, website, pickup truck, covered trailer, mower, all misc tools. I did everything myself. Cleaning business has far less upfront cost and doesn't require as much hot outdoors work. I've heard Dave Ramsey refer to coin car wash lots as a license to print money, but he also said he doesn't own any b/c it's not what he wants to get into. I never did research that claim, and I don't know how much money it would require but I'm guessing more than 10k.

throw51319 6y ago
How profitable are they?
- auslegung 6y ago
  Are you asking me how profitable lawn care or cleaning businesses are? It will depend on your market, but locally the good lawn care businesses (ie they have proper insurance, good customer service, and do a good job) charge roughly $60/hour. They never charge by the hour, I'm not sure why, but it's $60/hour. Cleaning businesses in my area, which I haven't done as much research on, but the good ones charge somewhere in the $35-45/hour range. There are different kinds of cleaning, you have residential, commercial, and new construction (maybe other types too, I'm not sure), and each of those are different. So, "profitable" depends on what your market will pay minus your overhead. Lawn care has a much higher overhead (though still relatively low overheard) than cleaning, but in my market at least (and I imagine pretty much all markets) lawn care can charge more.
cjbenedikt 6y ago
Coin laundromats def are
- auslegung 6y ago
  Tell me more. I kinda tried to research this years ago and didn't get very far, but also didn't try very hard. Can you point me to any resources outlining typical ROIs?
  - nataz 6y ago
    Check out investment joy on YouTube. He is very transparent on costs and revenue. It's not a huge profit center, but with tax incentives, write offs, vending machines and a quarter pusher he makes a profit. He is upfront on how he makes a lot more money via the YouTube channel talking about running a coin laundry them from the laundry business itself. If you go through his videos, he talks about the risks he is taking, other business ventures he has in real estate, it's interesting. This guy is running Landry mats and trailer parks in the midwest. Its not the normal Instagram get rich quick lifestyle blog. https://youtu.be/Wzrn9tvPI14 https://youtu.be/Wzrn9tvPI14
mod 6y ago
Pressure cleaning can be thrown into this mix, although you can screw things up with too much pressure, so study up a bit before you start. Could start for about 3k including a decent pickup truck.
designium 6y ago
Not bad ideas. It reminds some suggestions from r/sweatstartups Thanks.

throw51319 6y ago

How profitable are they?

auslegung 6y ago
Are you asking me how profitable lawn care or cleaning businesses are? It will depend on your market, but locally the good lawn care businesses (ie they have proper insurance, good customer service, and do a good job) charge roughly $60/hour. They never charge by the hour, I'm not sure why, but it's $60/hour. Cleaning businesses in my area, which I haven't done as much research on, but the good ones charge somewhere in the $35-45/hour range. There are different kinds of cleaning, you have residential, commercial, and new construction (maybe other types too, I'm not sure), and each of those are different. So, "profitable" depends on what your market will pay minus your overhead. Lawn care has a much higher overhead (though still relatively low overheard) than cleaning, but in my market at least (and I imagine pretty much all markets) lawn care can charge more.

cjbenedikt 6y ago

Coin laundromats def are

auslegung 6y ago
Tell me more. I kinda tried to research this years ago and didn't get very far, but also didn't try very hard. Can you point me to any resources outlining typical ROIs?
- nataz 6y ago
  Check out investment joy on YouTube. He is very transparent on costs and revenue. It's not a huge profit center, but with tax incentives, write offs, vending machines and a quarter pusher he makes a profit. He is upfront on how he makes a lot more money via the YouTube channel talking about running a coin laundry them from the laundry business itself. If you go through his videos, he talks about the risks he is taking, other business ventures he has in real estate, it's interesting. This guy is running Landry mats and trailer parks in the midwest. Its not the normal Instagram get rich quick lifestyle blog. https://youtu.be/Wzrn9tvPI14 https://youtu.be/Wzrn9tvPI14

mod 6y ago

Pressure cleaning can be thrown into this mix, although you can screw things up with too much pressure, so study up a bit before you start. Could start for about 3k including a decent pickup truck.

designium 6y ago

Not bad ideas. It reminds some suggestions from r/sweatstartups Thanks.