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The laundromats around here closed down years ago. Not a characteristic of extremely profitable businesses. There are a couple of strip malls nearby that have
by WalterBright 8mo ago
The laundromats around here closed down years ago. Not a characteristic of extremely profitable businesses.
There are a couple of strip malls nearby that have vacant rentables, vacant for years and years. Nobody has thought to put an extremely profitable laundromat in any of them.
- bdangubic 8mo agoThis is anecdotal - look this up outside of your strip malls. It has the some of the lowest failure rates of just about any business and 20-35% ROI
- WalterBright 8mo agoI've heard that laundromats are used for money laundering. This may explain their profitability, but it's a front, not a business.