My Laundromats Make This Much Money

Welcome back to the Diversified Income Experiment Podcast! In this episode, I will walk you through how much money my laundromats make! I will share how much it cost me to put up this business and how I was able to finance it. Also, I will break down the expected revenue per month, all the expenses, and the net profits made from running my three laundromats. I will also share how I make it possible to generate passive income out of my laundromat business. Listen in and learn how you can also make a lot of money out of laundromats!<br /><br />[00:01 – 05:20] Opening Segment<br /><br />- What I love about the laundromat business<br />- An overview of my laundromats<br />- The advantages of building nice laundromats<br /><br />[05:21 – 25:15] How Much Money My Laundromats Make<br /><br />- The net profit my laundromats make<br />- Why laundromats are expensive to open<br />- Expected revenue per month<br />- Cash-on-cash return<br />- Equipment lease<br />- Why I built three laundromats instead of one<br />- How this business generates passive income<br />- Breaking down our monthly expenses<br /><br /><br /><br />Tweetable Quotes:<br /><br />“When something goes wrong, I will have to get involved. My manager will eventually find a better opportunity or her family's gonna want to move out of the area or whatever the case may be, and that's gonna be a big ripple effect. But to have the freedom for the last year and a half to have not had to go at all [to the laundromats] is something for you to consider. When you hear people talking about laundromats and they say, ‘Hey, can you really run them passively or not?’ This is my exact story.” - Keith Leimbach<br /><br />“Do something awesome today. It is just another day for you. You get an option and an opportunity every day. Go do it for yourself.” - Keith Leimbach<br /><br /><br /><br />I WOULD LOVE TO HEAR FROM YOU! If you have questions, comments, or want to talk about life-changing opportunities, reach out to me through LinkedIn /in/keithleimbach, send me an email at