Chris Koerner explores why laundromats are a hidden million-dollar business. A single machine can generate $30,000 yearly, and one laundromat earned $1,025,000 in a year. They're recession-proof, run remotely, and require no special skills.
And would you believe this one machine makes over $30,000 a year? We did $1,025,000 last year. Wow. I would never drive by a laundromat and think that place makes a million bucks a year. Yeah, I know. It blew my mind. The bar is so low. Yeah. It's like you could go in and own that city. Everything can be done remote. Yeah, our sales during COVID through the roof. Even all these horrible times, still like laundromats, gotta wash your clothes. People gotta wear clothes. So recession resistant, certainly AI resistant. How can people finance these if they don't have much cash? So a couple years ago I met a guy on the internet that claimed to own laundromats that profited over $400,000 a year and I didn't believe him, so he said, come see for yourself. Here I am, Cincinnati, Ohio. Flew here from Dallas just to see how do you open a million-dollar laundromat and how do you find the perfect location. Today we're going to learn all that and more, so let's go meet Tyler.
