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#63: Laundromat Making $500k/year
Rahul I
May 20, 2024
👋 Hey Team!
Welcome to the 513 new people who have joined this week!
Sending this on a Monday this week, been traveling a lot in the last week.
In this week’s issue:
🗄️ Traditional business - 1 listing
☁️ SaaS - 1 listing
🛒 eCommerce - 1 listing
🗄️ Traditional business - 2 listings
🛒 eCommerce - 3 listings
Alright, Let’s explore!
Estimated Reading Time = 5 minutes
🚀 Startup Spotlight
Discover profitable online and traditional businesses.
💰 Asking Price: $350,000
A laundromat located in upper east side of NYC making $500,000 in gross revenue per year.
Type: Traditional Business
✅ Key Highlights
$500,000 in Gross Revenue
$129,880 in Cashflow
Laundromat setup
40% coin
40% wash and fold
20% dry cleaning
40 dryers & 49 washers
5 employees
A profitable business located near a lot of apartments with plenty of foot traffic from locals.
The current seller is quite motivated to sell so is happy to consider seller financing and is also a great opportunity for a new owner to step in and manage current employees that are already working there.
One caveat is to dive into the machine quality to see how old they are and what technology they use as the current machines displayed in the listing seem quite old and worn out.
💰 Asking Price: $135,000
Addiction-Management platform and proprietary CMS designed for self-administered websites.
Type: SaaS
✅ Key Highlights
$235,000 in TTM revenue
$113,000 in TTM profit
$14,000 in revenue last month
$4,000 in profit last month
🚀 Growth Opportunities
B2B: Hire a sales team to start reaching out to government departments or bigger corporations to get them onboarded onto the platform.
SEO: Start building out an SEO program which will allow you to get more awareness over a 12 month period.
💰 Asking Price: $150,000
Top rated gift store on Amazon.com with a proven system to launch and scale gift products. Package includes a profitable beauty brand with $4,000/mo profit.
Type: eCom
✅ Key Highlights
$57,000 in TTM revenue
$52,188 in TTM profit
$4,750 in revenue last month
$4,349 in profit last month
Margins are quite slim for this business, one thing I’d look into as the new owner is to dive deeper into the COGS and where you can try find more efficient ways to increase your profit margins immediately.
Next points of focus would be to review your current traffic to product listings and if you have the opportunity to spend more through paid ads.
🤌🏼 Learnings Of The Week
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🗄️ Traditional business - 5 listings
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