Codie Sanchez

You can do a higher ROI and a higher returning deal, but a good one for a person who's just like, I want to do this for the first time ever without a big, huge business.

You can do a higher ROI and a higher returning deal, but a good one for a person who's just like, I want to do this for the first time ever without a big, huge business.

And what are the cons of a laundromat?

What do we have to look out for?

What do we have to look out for?

The biggest con, I think, is that you can't typically make like tens of millions of dollars with a laundromat.

The biggest con, I think, is that you can't typically make like tens of millions of dollars with a laundromat.

You can make a couple hundred K to maybe a million or two.

You can make a couple hundred K to maybe a million or two.

The second con is the customer that you're serving can be challenging.

The second con is the customer that you're serving can be challenging.

You've been to laundromats before.

You've been to laundromats before.

They're typically not in the nicest neighborhoods.

They're typically not in the nicest neighborhoods.

You typically have machinery that can get broken into.

You typically have machinery that can get broken into.

I haven't really had any vandalized, but that can happen.

I haven't really had any vandalized, but that can happen.

So your customer segment is not Tiffany's.