You have $100K. What business would you get into?

Re:You have $100K. What business would you get into? by Overtonwindow on Sunday August 14, 2022 @09:10AM (#32458950)

I would invest in laundromats and a liquor store. Rather than try to create a new business, I would prefer to invest in an existing revenue stream of something integral to life and society.

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Re:You have $100K. What business would you get into? by blinding-streak on Sunday August 14, 2022 @09:18AM (#32459007)

Near me there is a combination laundromat and bar. It's a pretty nice bar, connected to the laundromat next door. Same owner. Do your laundry and have some fun while doing so. Genius idea, I always thought.

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Re:You have $100K. What business would you get into? by Kaibeezy on Sunday August 14, 2022 @09:44AM (#32459183)

Brainwash SF RIP

https://brokeassstuart.com/2017/12/12/eulogy-brainwash-cafe/

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Re:You have $100K. What business would you get into? by Overtonwindow on Tuesday August 16, 2022 @11:23PM (#32491968)

That’s genius and really sad. For a lot of us reading this board, there are a plethora of services that we never use. Laundromats, check cashing places, pawnshops, payday lenders, all sorts of businesses that cater to a large segment of our society.

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Re:You have $100K. What business would you get into? by toomuchtodo on Sunday August 14, 2022 @09:13AM (#32458971)

Love laundromats. Love speed queens. Cash money, reliable assets, and no moral issues with providing laundry services. Same with car washes, good margins there too.

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Re:You have $100K. What business would you get into? by NeoTar on Sunday August 14, 2022 @09:52AM (#32459249)

Laundries/laundromats are still a thing? I would have guessed they were a dying industry.

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Re:You have $100K. What business would you get into? by toomuchtodo on Sunday August 14, 2022 @10:40AM (#32459620)

$5B market in the US alone. Dry cleaning is on its way out, but lots of folks still without laundry facilities at home or where they rent.

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Re:You have $100K. What business would you get into? by gregsadetsky on Sunday August 14, 2022 @01:36PM (#32461169)

Fascinating, didn’t know about dry cleaning. Found this article:

https://www.npr.org/2021/03/31/982953808/coronavirus-pandemi...

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Re:You have $100K. What business would you get into? by Overtonwindow on Tuesday August 16, 2022 @11:20PM (#32491948)

I thought the same thing until I had to wash a large comforter. I am very close to a major American city, is still in the suburbs. I went to my local laundromat and it was packed, with big screen TVs, free Wi-Fi, and vending machines. It was a pleasant experience!

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Re:You have $100K. What business would you get into? by upsidesinclude on Sunday August 14, 2022 @09:15AM (#32458988)

I wish, 100k isn't probably going to get you there. The machines usually run 50k from the people I've talked to about their starts. Liquor licensing and approvals can eat that 100k before you even have inventory

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Re:You have $100K. What business would you get into? by Overtonwindow on Tuesday August 16, 2022 @11:22PM (#32491957)

Well the question was if you had $100,000 what would you do with it, and my answer was too invested in these businesses. I agree that it would be very expensive to try to buy one and start it up new, but perhaps I could buy into an existing business. Another option is to use the $100,000 as a down payment on a business loan to create the laundromat business. I see your point, but I was going more for the investment rather than outright buy

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Re:You have $100K. What business would you get into? by MerelyMortal on Sunday August 14, 2022 @09:46AM (#32459194)

I think Pawn Shops should be included in that list as well. People are going to need the money to pay for that stuff.

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