A short YouTube clip by Codie Sanchez advocating buying 'boring' cash-flowing small businesses (laundromats, car washes, HVAC) instead of starting new companies. She gives a personal example—a laundromat bought for $100k that nets $67k/year—mentions financing via loans/SBA and hiring operators, and encourages viewers to learn more from her.
The average millionaire has a total of seven income streams. But most of us as Americans, we have a total of how many income streams? 1. So how do you go about changing that though? Open up six more companies? Well I don't know how it's time for that. Or maybe you're trying to build your wealth from your salary, but how do you multiply that? What if I told you that instead you can actually go out and buy businesses that generate cash flow from day one so you can skip setting them up. Say hello to boring businesses. These are businesses like laundromats, car washes, H Vac companies. For instance, this laundromat I bought for 100k nets $67,000 a year. Don't have cash. You can get a loan, sba. Don't have money or time to run it, hire an operator. There's so much money to be made in the boarding. If you want to learn more, you found your girl.
