How to Make $500k per Year in Profit from a Laundromat

So laundromats are an infinite money glitch business. If you do these three growth hacks right, I'll tell you what they are and then I'll tell you how much laundromats make every year. Number one, make laundry 100% free for the first two weekends after opening. This will get people into the habit of coming into your laundromat as opposed to the one they used to go to, and you'll have customers for life. Number two, only open in a location with three to five laundromats at the same intersection. You want a dense, competitive area because these are likely zombie mats, which means they're poorly ran, they're dirty and they're undercharging and you're going to put them out of business. Number three, you want to have a massive grand opening. Send thousands of postcards within a three mile radius in the weeks leading up to it. Free food, live band, have the mayor there, the whole shebang. You can make 40% net profit margins on the laundromat. My friend Tyler owns four. He makes over a million dollars on all four. I just interviewed him on the Kerner office.