A Friend Considers Opening a Laundromat as a Career Change
A friend owns a local business and has been quite successful. Her work is also physically taxing. As she grows older she’s pondering a career change.
He was so impressed he ended up buying the chain within a few years.
Last week she needed to launder and dry some quilts. She takes them to a laundromat where the big side loading washing machines can accommodate the size. She noted it’s quite pricey to wash and dry her quilts. Now she’s investigating the costs of operating a laundromat versus profit, physical stress and time involved.
I’ve met a few people who operate laundries and often discovered it’s just one business in a stable of businesses they often own. A friend from high school was hired as the accountant for a small chain of laundromats. He was so impressed he ended up buying the chain within a few years.
If you have risk tolerance when it comes to people periodically vandalizing a machine or a pipe breaking, you could probably handle the overall challenge.
My friend decided she would do a search and discovered a laundromat in Hailey pays a manager 63,000 thousand dollars a year. There aren’t many jobs in some parts of Idaho paying 30 dollars an hour.
Like any business with a steady stream of customers, you do need good people skills. And a willingness to listen to complaints or to the people who’ve lost their quarters in a machine. For some people, it may be the last few dollars they’ve set aside for the week and remember. We’re still enduring shortages of change in some areas of the country.
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