You've been watching to many movies/TV shows. Machines today are computers, collect data and work from not only cash but credit cards and payment apps. Not really interested in vape shops, there are 10 on every corner. Storage facility would be an option but those rarely come up for sale and we don't want to build a new one.

We just received the financials for the last 10 years. The CPA (wife) is reviewing through them to find red flags. Both buildings are owned, not leased. Coin operated car wash is adjacent to one laundromat and is a purchase option.

So the CPA is telling you to get business advice on a hunting forum? I'd fire my accountant.

One graveyard shift we devised a scheme to buy a laundry mat and only take prepaid cards. We would make the minimum card amount higher than the cheapest laundry service and also not divisible by any combo of services. The hope was that people would leave small amounts of cash on their accounts and never use the service. Bonus money.

Asinine comment but that's expected from you.

Again with the rapier wit.

No TV shows, almost 19 years of police work has led me to that conclusion. But who cares about experience

You’re showing your arse here. I’m a carwash owner and have been working in the industry for over 20 years. Any functioning and well kept carwash is not a front for anything. They make money by providing a service the public wants. No owner I’ve ever met would be caught dead getting in bed with that kind of crap. We all actually rely on you guys(police) to help us keep our place on the up and up and not have it turn into a drug dealers place of business. On the other side of the coin, if it’s run down, and people camped out in the bays shooting up, then you may be right But you should be mindful of painting people you don’t know with such a broad brush.

Once again nobody want to store a boat out in the sticks.

They want their boat near them, I guess you never owned a boat. You were saying boats and travel trailers and now you are changing your story. Those storage units out by the lakes are usually have no power and the facilities don't have concrete and just gravel drives and then seem to get broken into as well.

Like I said you need to get storage units inside cities, and fast growing cities where you put up the cash and wait for a while. You gonna need more bucks than you think to build one.

I had land in Aubrey near boat ramps on Ray Roberts, just because you have land close doesn't mean there will be major roads, most people take their boats with them to a lake.

Lake Ralph Hall will be a small lake under 8,000 acres it won't see much traffic where it is located.

I assume you don't try to run them yourself

How many people do you have to hire for a carwash to service it? One I know of the guy is out there quit a bit working on it, changing hoses, cleaning up dirt in the stalls, he is retired older cat.

Laundromat from what I’ve read is the highest success rate business.

I’ve know a few guys that have owned car washes and none regretted it. Friend of mine knows a guy that owns a couple car washes and a laundromat and says he’d sale his car washes tomorrow but that laundromat you ain’t got enough money.

Please tell me more, or is this some sort of dig at the Pig?

Welcome to the 2 in Junction. One guy tries, but the other one you'd swear is abandoned and out of business. It's not. The 1 in Menard is the same. Trashy, trashy people.

The concept of putting money BACK IN a business to maintain it and improve it is totally lost on some people.

How much can a laundromat make is my question? The “you ain’t got enough money” comment I find to be a bit exaggerated, you’re dealing with a limited market and consumer. I would be interested in seeing his P&L, I bet the numbers are nowhere near as impressive as you think.

We have looked at buying several businesses ( and own as previously mentioned a tanning salon) and none produce the income that, in my opinion, is worth the effort. One of my friends and clients built on his land a boat and RV slips and is making around $70k/year combined. We have looked at other boat/mini storages but have not found one that gave the return we were looking for after build out/renovation costs. Imo where you make your money on a storage facility is when you sell it.

I’ve known some anytime fitness’s to be profitable, but you have to lease a space in a good location.

Running your mouth out your azz again. RIF...tool bag!

Yes, I am sure when he states that you don’t have enough money he’s being a bit exaggerative. But I think it does show that there’s money there. I would think laundromats are good in a few different locations but rurally like I live the amount of RV parks that spring up every year is baffling. It seems like anywhere just outside of the DFW area there’s two or three new RV parks in every corner of the county every year. I bet the majority of those do not have washer and dryer in their RV. I know that the town next to us there was a building that was three or four different businesses when we first moved in and it’s been a laundromat for about five now.With just about any business, I would think the big money does come in the sale.

I would ask him and see what his monthly gross is, I’d be interested to know. I can’t see where laundromat can pull in more than 30 to 40 K a year when it’s all said and done. RV parks are cyclical, summer full one year and then the next year they are bust. Clients of mine own some down in three rivers when the field was booming and they were at max capacity for about five years, the bust came and the next year they had about 10% occupancy and that trend has been going on ever since.

A lot of RV parks have washers/dryers available on the property. That's one of our requirements unless we are just passing through for a night or two. However, some of them catering to oilfield workers might be full hookups only.

I’ve been wanting an RV park for a while, and to help make it successful it needs to be multi use. There will be tiny homes, both short and long term tenants, along with a trailer/boat storage out of sight of the park for that year around income. Finding the right property that isn’t a cleared off pasture has been the hardest part.

A few do, location around government subsidized multiple family units is key, I tried to buy one a while back, it wasn’t exactly for sale. they wanted 8x EBIDA. I offered 5x they said no,

Not a dig. I’m always looking for private money lenders for my flips and BRRR’s, and now new construction homes.

On the other side of the coin, if it’s run down, and people camped out in the bays shooting up, then you may be right But you should be mindful of painting people you don’t know with such a broad brush.

Perfect description of ANY coin-op business. Sooner or later, it will become a target rich environment.

dont forget mini golf, its all the rage these days.

What about ice machines? Good cash flows and excellent tax advantages.