One of my old Internet friends from years ago did, and got very involved in the industry. He seems to be doing very well for himself, but I’ve seen him comment on a Facebook post where people were saying you can only become a millionaire by starting a laundromat if you started off as a billionaire
He didn’t, but now that I think about it he has another business still in the industry (don’t want to be too specific) and that may help too. Really not familiar enough with his businesses’ finances to say 🙂
Yeah, seems to be a margin thin revenue system and location and user type plays a big role in its success. Very interesting stuff to learn about though.
One of my old Internet friends from years ago did, and got very involved in the industry. He seems to be doing very well for himself, but I’ve seen him comment on a Facebook post where people were saying you can only become a millionaire by starting a laundromat if you started off as a billionaire
Oh come on, I’m sure if you’re using it as a front for a drug dealing operation then you can also become a millionaire :)
Did he agree with that?
He didn’t, but now that I think about it he has another business still in the industry (don’t want to be too specific) and that may help too. Really not familiar enough with his businesses’ finances to say 🙂
Ah, that makes sense, thanks!
Yeah, seems to be a margin thin revenue system and location and user type plays a big role in its success. Very interesting stuff to learn about though.
He also lives in a low cost of living area