I paid $0 upfront for a laundromat making $67K a year

[factuup]

Imho, some of these at HDB blocks are for washing money, not laundry

 

[-nyox-]

Why anyone would use a laundromat in SG for ur regular laundry puzzles me.

You don't know what sort of crap the previous person before you threw inside. I've even heard of people throwing their shoes in, I'm sure the tubs are not cleaned after every cycle.

 

[lifeafter41]

Probably for those big linens ba. But then again also quite stupid too. I tried once expensive, and wait there damn hot and stuffy and long. Not worth the effort at all. Plus washing and drying are 2 separate machines and need wait even longer and pay more

While not for your regular Singaporeans family that has a washing machine, it’s more for those people renting only.
Landlords don’t allow them to use the washing, so they have to go to these laundromat.
With the high ratio of FTs in Singapore, you be surprised by the usage.

 

[Jian19]

need to be aware of this too, i know ppl who use these public laundromats specifically for their cmi clothes, such as muddy army outfield ICT things, shoes etc.

Yeah that's why use to wash curtain nia

Some ppl use dryer only to dry kids clothes or bedsheets , pretty nice

 

[begintoend]

Probably for those big linens ba. But then again also quite stupid too. I tried once expensive, and wait there damn hot and stuffy and long. Not worth the effort at all. Plus washing and drying are 2 separate machines and need wait even longer and pay more

I guess the bane of it is the waiting only bah

I wash 2 x 4window full length curtains. Plus dry, only $26.... You bring to laundry service... Smelly smelly $60.

 

[danguard]

I guess the bane of it is the waiting only bah

I wash 2 x 4window full length curtains. Plus dry, only $26.... You bring to laundry service... Smelly smelly $60.

prob more than that

but u can time then go back to the laundromat when done de

 

[One Month Notice]

prob more than that

but u can time then go back to the laundromat when done de

Come back ur laundry gone.

 

[fishbuff]

this is for people that rent and dont want to own their own washing machines

 

[danguard]

Come back ur laundry gone.

make sure come a bit earlier bah

 

[fluid_motion]

$0 is lie for clickbait title to earn your clicks. I didn't click the video but read the comments.

christsciple

Gotta be a straight shooter with you here, but you leave out a lot of information and paint this as a rosy picture. As other commenters have accurately pointed out, you don't actually discuss or show your liabilities portion.

I'm current Wall Streeter among other things and you're doing a great disservice to folks by not showing your true colors here.

Laundromats, like any business, can be a good business to invest in. They can also be a money-sink. It entirely depends on the physical equipment (washers/dryers), location, and how much time you want to invest in the business itself.

Washers and dryers are notorious for breaking down due to the smallest things and they are not easy or cheap to fix. You also have to worry about crime. Folks are depositing coins and they become a prime target by folks looking for a cash grab.

Also, you lie to everyone - you put down $25k. Please get a real job, and not a face job.

 

[jinmuddy]

i don't understand those who use these, bring your laundry downstairs, pay money. need to wait then collect and bring home

long term buy washing machine much better no?

Nowadays many pigeon holes too small to house a proper washing machine/dryer.

 

[sTiCkY]

open near rental homes

 

[Jian19]

Come back ur laundry gone.

Unless chio bus bbfa no such problem

 

[tankgunner]

chey. i thot is in SG

 

[One Month Notice]

Unless chio bus bbfa no such problem

Bbfa dun wash clothes de. We sit in the same ns t-shirt all the time

 

[Jian19]

Probably for those big linens ba. But then again also quite stupid too. I tried once expensive, and wait there damn hot and stuffy and long. Not worth the effort at all. Plus washing and drying are 2 separate machines and need wait even longer and pay more

Can go jalan jalan later come back

I always go jalan during wash , back 5 mins before it's done washing, put into dryer , jalan for another 20 mins, come back collect and slowly yo back home

 

[Libbis]

Mkt force will decide. In times of 0 int rate, any crap biz can survive. Food not nice but Instagram able oso got ppl go, Instagram,then throw the food away. When int rate up, rental goes up, energy perfect storm. Mkt force will decide which biz can survive

 

[invigo79]

SG think cannot, my HDB block got 1 when I walk past usually boh lang or only 1 or 2 pax using. Dunno how to survive.

Low overhead cost? No need employ people and cover PUB for water and electricity. Maybe spend more for maintenance and repair.


Read HWZ Forum Rules!

 

[d3n]

need to be aware of this too, i know ppl who use these public laundromats specifically for their cmi clothes, such as muddy army outfield ICT things, shoes etc.

Its ok, usually i set to highest heat. Then use the heater to dry

 

[buttbERry]

huat big leh