Convienance Store/Laundromat Business
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yankee
Apprentice
Joined: 06 Oct 2006
Posts: 5
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 Posted: 10/06/07 - 07:00 Post subject: |
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| I was thinking about starting my business with my two brothers. They are the people I trust the most and I am sure we will not have any problems working side by side. Problem is that I am not yet sure what type of business should we start with. They have opposite opinion. My older brother thinks it is best to open a convienance store, but my younger brother is convincing me that Laundromat business is the best solution. I really do not know what to do. Can someone help me, please? |
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antone
Apprentice
Joined: 24 Oct 2004
Posts: 6
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| Posted: 11/13/07 - 23:18 Post subject: |
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| If I had to choose, I would definitely choose laundromat business. Mainly because of the location. Convenience store is usually located at a gas station or alongside road. If I run the laundromat business, it would be near a college so I would have many students as my customers. Another problem is convenience store sometimes do not have no space for storing inventory. I do not like the fact that goods are delivered by truck directly. Also I do not like to work with any kind of food. I do not like the fact that I would have to work with a large variety of products. Therefore, I would definitely choose Laundromat, but that is only my opinion. |
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brianbb
Apprentice
Joined: 13 Jan 2008
Posts: 1
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| Posted: 01/13/08 - 05:49 Post subject: Laundromats are Great Businesses If you buy them right. |
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There are two great paths to wealth; one is through investing and the other through business. Of the two, the fastest way to improve your cash flow is without a doubt through owning a business. The problem with most businesses is that they require full time attention. You want to get ahead but don’t have time for another full time job and let’s face it; most people already have a full time job or business.
There is a business that once set up, can be run part-time. That business is a coin laundry, better known as a Laundromat. I personally own several stores and spend between 3 to 5 hours a week per store running them. It is one of the few businesses that I know of that you can truly run part-time.
If you are looking for a small business or just want the cashflow, it is a great way to go. There are lots of benefits of owning a Laundromat but the best one is that it is an ALL CASH business! It is an easy business to run, but a hard one to find, at least one that makes sense. In fact, I would say that finding one is the hardest part about this business.
Brian |
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