Laundromats are a great part-time business as they can be very profitable with very little labor or attention. HK Laundry's Karl Hinrichs, a laundry veteran with over 30 years experience in the laundromat industry, discusses the advantages and disadvantages of owning a laundromat. Laundromats provide a steady reliable revenue stream, and are a recession proof business. On the other hand, laundromats are capital intensive, and consume a large amount of utilities. Watch this video to learn more about the pros and cons of owning a laundromat.
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