I have time and 100k. I’ve always done reselling for a side income and sometimes it has surpassed my main income.

However, it’s inconsistent and I feel like it may not be something that you can grow into an actual business, so I’m looking for ideas. Thanks

  • laundry_moneyer@alien.topBEnglish
    1·
    1 year ago

    I live in a major US city so there are lots of apartments. But we have a number of different locations that cater to different demographics. One laundry is in a fairly affluent area so it is mostly people with large items like comforters or who have broken washers and dryers. Additionally, we do a lot of full service Wash and fold out of that location.

    The first laundry I purchased was $140k. I brought about 50k to the table and took out a 90k SOFI. Was a bit of a big swing but I was confident in my due diligence. Good thing is you can buy fully functional laundromats (which I did) and start cash flowing day 1.