I wasn't ready for this level of quality of video :)
@CodieSanchezCT
Жыл бұрын
Yayyyyy!!
@fishing-kj3ee
Жыл бұрын
@@CodieSanchezCT how many accounts do you have or these are just fake accounts???⬆️
@Jay_Buys_Da_Dip
Жыл бұрын
@@fishing-kj3ee they are fake. They’re scams
@justjon1990
Жыл бұрын
Codie says jump! You jump 😂
@ddylandd
Жыл бұрын
Could you explain the $20 you pay a person to fill a machine, this I need to hear some expansion on please Investment Joy.
@shamrockchris
Жыл бұрын
Everyone ignores residential trash collection. It has always paid my light bill. Plus I bill my customers 90 days in advance. Best kept secret in business!
@danutdracula
Жыл бұрын
The best KZitemr for zero BS and being a nonstop waterfall of information while always keeping it entertaining!
@darwandoo
Жыл бұрын
Aside from the fact that Cody is an absolute sweetheart and a joy to watch, it's the sheer passion for her craft that mesmerizes me. I just want to learn
@kingtrawal
Жыл бұрын
she's a scammer. google her
@prelexia1
Жыл бұрын
Agreed
@JeffMartinez648
Жыл бұрын
Really hated the ROI on our vending machine business because of the amount of time it took to restock, including the buying of the stock,,, best day in the vending machines was when we sold them 🤣🤣🤣. You summarize it really accurately at the very end. Thank you
@taylorsessions4143
Жыл бұрын
Just lost a location and thinking once I get it placed again if I should sell my route or just keep it there. No easy answers in business!
@darleneaitken1620
8 ай бұрын
I know someone who went into the vending machine business and lost big time.
@ChristopherYoung-x4y
5 ай бұрын
We had 7 machines in 2 good locations. A rec center where they had basketball tournaments and an office building lunch room. They made a ton of profit. I never looked at shopping stock as a loss. It just never bothered me. The only downfall was greedy hands stocking them. Otherwise, it was a great business.
@Camie2030
9 ай бұрын
I saw Codie’s interview on The Diary of Ceo a couple weeks ago and now I’m hooked! The contents that she produces are valuable and attainable for new aspiring business owners. Thank you Codie!!
@joeyertman
Жыл бұрын
0:58 Laundromat 3:32 Vending machines 6:18 Car Wash
@stephanierumenapf5404
Жыл бұрын
mind-blowing. here in Germany we have the same problem: small businesses dying. I buy at small businesses for support, but the idea to buy the hole thing alltogher is brilliant.
@turkyturky6274
Жыл бұрын
Only problem with laundromats would be security, because usually low income use these, and in an undesirable location, too much of a headache
@christiancsq
Жыл бұрын
There is nothing to steal
@Brasil2013
Жыл бұрын
@@christiancsqVandalism
@sasquatchhunter86
Жыл бұрын
@@Brasil2013yup. Sometimes people are just ash holes and ruin stuff just for the fun of it.
@nateg7362
Жыл бұрын
We have had a vending business for awhile. They are profitable, my only advice to anyone interested is that, outside of the importance of the location of the machines, this is a volume business. It wasn’t until we had about 7 or 8 machines that it started making meaningful income. A coupe machines won’t bring in much but you have to start somewhere right? Great videos btw!
@WunderlustEx
Жыл бұрын
Where did you buy your machines from? I am looking into buying a couple
@michaell6054
Жыл бұрын
Codie, THIS is the type of video I've been wanting that breaks down the cost, profit, time, "stats" if you will, etc. IF you could do more videos like this, I'd owe you BIG TIME! Sincerely, BIG TIME. Also, adopt or mentor me please. :) Your other video about, "...investing couple grand in "this", but you won't on "that"..." really spoke volumes to me. Again, thank you.
@Joefest99
Жыл бұрын
$3 - $4K/month including a vending machine, Arcade machine, coin-drop machine AND additional rental spaces on top?! Sounds like razor thin profits to me! 😬
@MiesAnthrophy
Жыл бұрын
Worse then owning a restaurant.
@judenefen3578
4 ай бұрын
Yep that’s what I was thinking..
@lisaruvalcaba1853
28 күн бұрын
Right?! And yet it has been the go to starter biz.
@GodricThe
Жыл бұрын
Laundromat is not really a thing in Europe. Every house and apartment has its own washing unit. Vending machines is actually smart idea, I am afraid that people would destroy it. I grew up in a city of 30k, there are 4 car washing locations. All except one are on land of a parking lot of a supermarket
@rondamylove9995
Жыл бұрын
There's no reason why you would need to be in the same town you grew up in to buy a carwash though.
@GodricThe
Жыл бұрын
@Ronda My Love I've tried to say that car washing business is oversaturated in my region and country. Vending is not.
@gen.barnakey__
Жыл бұрын
This is why God invented Red States, where they actually enforce laws. Turns out that is good for commerce. 🤔
@gianthills
8 ай бұрын
So all these people who claim to have multiple businesses, businesses that they suspiciously never show us, somehow also have plenty of time to constantly make videos, which is likely their only actual business.
@carfirehawk1
Жыл бұрын
Wow... who needs business school? These clips are awesome.... seriously. Nice work!
@dhc
2 ай бұрын
Every car wash of this type in our area has closed in the last decade. They have all gone to nicer drive through and the ones that were built by locals have already been bought out by companies like Zips. And zips is now filling in the gaps to cover the entire area.
@nonamebrojones5545
Жыл бұрын
Interesting to watch, especially now that CPI has been trimmed down and we might not face an unemployment surge.
@grizzlar1517
Жыл бұрын
Thought the thumbnail was hinting to firearm sales
@josephsonnier3594
Жыл бұрын
Recession proof : female massage parlors , strip clubs , alcohol bar's and being a politician
@S1lv3rdo7
Жыл бұрын
She's right about one thing, It's certainly getting harder.
@wpdmaverick
Жыл бұрын
Codie on Vending machines and if you want to put them outside business premises you don't own. Any tips for what would be a couple good models? E.G. Model 1 you pay a rental on the space, model 2 perhaps you split costs and share profits.... Be good to see an analysis video on this please!
@taco12
Жыл бұрын
Card-accepting vending machines are a huge security risk for users.
@Benny.Goldstein
Жыл бұрын
As usual thank you so much for producing great content videos they are very interesting I usually watch them from the beginning to the end. Your transitions are very cool keep them up.
@goa184
Жыл бұрын
ppl in usa dont have washing machines...
@markh3279
Жыл бұрын
I love your videos, but on this one you spent 5 seconds on security systems which seems to be a more needed item in having a brick n mortar business nowadays.
@BizJetTV
Жыл бұрын
Great content Codie, keep up the great work!
@en5197
Жыл бұрын
Hi codie, Love the content you're putting out. But please consider putting time stamps to the critical information. Thanks
@rw9019
Жыл бұрын
1. Laundry mat 2. Vending machine 3. Carwash
@AllieGina74
Жыл бұрын
Hey Codie! Thanks for shouting out my homeland The Bahamas!!! 🇧🇸🇧🇸🇧🇸 I’m actually laying up in the Bahamas watching this amazing video!! #islandhustle #digitalentrepreneur #242Bahamas
@safetyexpress1321
Жыл бұрын
great video however, I disagree. a laundro mat is not passive income. Passive income is not doing anything. I have a friend that owns a laundro mat and he and his wife work endlessly, as he explain to me someone has to empty coins out of machines, sweep, mop, wipe and sanitize the machines, clean the parking lot, go to the bank, open and close and so on. You also failed to mention, like anything mechanical, machines will break especially if handled by the public. Furthermore, he says a good 80 hours a week it the result. not passive in my opinion.
@InvestmentJoy
Жыл бұрын
And. I think I said 2hrs a week in the video
@thesoundofeverything8023
Жыл бұрын
Absolutely right correct accurate and true
@backbenchersofscienceandpo4541
Жыл бұрын
Love yu !! Yu are one of the few women who are so inspiring . I wish if I could follow a bit of yr path and change my life
@apippin774
Жыл бұрын
Doctors undertakers and dentists will always be in demand lol
@TheASG2010
6 ай бұрын
Location very important. Any biz in the hood might get vandalized anything not bolted down will be stolen
@tstan6827
Жыл бұрын
Love your content, as always. Man Laundromats have so many moving parts! Not just the machines, but so much with vending, locations, washing supplies, LABOR. Clearly it is a business that works no matter the economy, but you have to spend YEARS getting your business in line.
@eternalvigilance5697
Жыл бұрын
I wouldn't recommend vending unless you are on the more extroverted side as until you are larger you will have to do a lot of walking in random places and talking to people to get placement. If you aren't alright with that, don't bother. It is the easiest to get started of these three though (because of the fact that you can start with as little as one or two machines and grow from there). I recommend finding a placement before you order your first machine.
@BoostedPastime
Жыл бұрын
Thank you Codie!
@laviniaasofiei9054
Жыл бұрын
With so many layoffs at the horizon, those businesses ideeas you give are like a breeze of fresh air 😉
@RandyUnderwood2
Жыл бұрын
If you are making 60% profit, it wouldn’t be like giving a dollar and getting back .60. It would be like giving a dollar and getting back $1.60. If all you got back was .60 then you wouldn’t be profitable.
@JoshPitts530
Жыл бұрын
One of the cons I see is that these businesses have become so desirable that nobody will do seller financing.
@InvestmentJoy
Жыл бұрын
How many have you scouted and negotiated on?
@JoshPitts530
Жыл бұрын
@@InvestmentJoy I’ve been monitoring BizBuySell for six counties in my area since the pandemic started. I’ve attempted to negotiate on two laundromats and one car wash. There’s nothing available here and I’m not comfortable owning remote. Even sent one lead to Codie’s team (no response). I’ve tried a few other types of businesses as well. A landscape supply shop. Basically anything in my price range just to get started. Still sitting in cash. It sucks.
@InvestmentJoy
Жыл бұрын
@@JoshPitts530 I would venture only 10 to 15% of the businesses that I've talked to pre-coronavirus would do any sort of financing so you just need to up your game a lot and get a hold of more people
@candycane5077
10 ай бұрын
I have a jag xkr and the car wash buffer broke and dented my car , the car wash was great they fixed it for me
@mohinderkaur6671
Жыл бұрын
Both Depend on Energy usage and energy costs! goodluck
@aaronmadden7957
Жыл бұрын
Love the Video Codie!!!!
@israelquito3072
Жыл бұрын
THANKS FOR THE INFO CODIE""👍👍
@weksauce
Жыл бұрын
Cost/Profit/Time are important, but Control and Scale are also vital. These businesses violate control and scale, which is why they're often terrible businesses.
@black_n5492
Жыл бұрын
Can you throw more light on this?
@weksauce
Жыл бұрын
@@black_n5492 The businesses don't scale, and you don't control whether they continue to profit. So, how little time you spend on them, how low-cost they are, or how profitable they are, is irrelevant. They will never scale up, and you can't just throw infinite time at them (because your time is finite), so you can never multiply the profit. You have no control over them, so all kinds of other people can end your profitability in an instant, and you'll have no recourse.
@black_n5492
Жыл бұрын
@@weksauce thanks for the explanation. I see how this could apply to the businesses she mentioned
@MiesAnthrophy
Жыл бұрын
Great point. These gurus always seems to gloss over these gritty issues.
@Nuf_Nivah
3 ай бұрын
5:38 You have to live in a area of a population of 750 thousand people to make any money on vending machines because of the amount of vending machines
@preshengovender7956
Жыл бұрын
Great channel buying and or selling businesses seem very intense but profitable
@IronCondorWheel
Жыл бұрын
What can we start with the smallest amount of up front cash that can scale from lots of time involves down to little time with hiring, and how can we get started step by step?
@jimmykim2497
Жыл бұрын
Doing business in LA County is so damn risky. You will need more capital in these areas.
@samlee1546
Жыл бұрын
If you have a business in the wrong area it might be burned down by rioters.
@Maryabril
Жыл бұрын
Hello Codie, you are the best discover on youtube ever. I have a question, if I have properties that I got from my gramparents but need a lot of money invested in repair. What should I do?? Thank you :)
@adiazpucho
Жыл бұрын
Where is the best place to look for maybe people selling their existing business. I’m down in the Palm Beach Florida area.
@RyanStone143
Жыл бұрын
Video transitions are on point! The audio channels could use some love. Take that left channel audio (voices) and make it mono (add some compression) then add some of the ambient sound from the other channel (cam mic) to 'round out' the sound.
@alexalpizar4096
Жыл бұрын
Hi, I'm Álex, I really like your KZitem channel, you have and show very good ideas for small businesses, I'm watching your videos learning many things that you teach, I'm looking for an alternative business that generates money for me when my current business does not generate anything, I I dedicate myself to repairing the hail to the cars, but when the hail season passes my income dries up to almost zero and I have to survive with what I save during the good season, I want and I am looking for something that generates money every month. 👍👍🇺🇸
@davidosborne4481
Жыл бұрын
Great information once again!
@superhostreacts
Жыл бұрын
Fantastic video thank you!
@ritaorozco4927
Жыл бұрын
New subscriptor por favor haz un video de ATM machines y como se trabajan Gracias me encantan tus videos
@TheCrazyjess
Жыл бұрын
Where do I find a guide to location traffic - to pick a vending location, or car wash?
@gregoryforrest8970
6 ай бұрын
How about a public storage facility?
@rob379lqz
Жыл бұрын
Heya Codie: Go wash my clothes, then get into the kitchen and make me a samwich, and count my coin-change and go gets me a Coke and bag of Doritos. Yup.
@babowantedgaming
Жыл бұрын
So how do you get funding for these? You mention in the video but you never really talked about it.
@aicarpool
Жыл бұрын
She’s great! Subscribed.
@craiginzana
Жыл бұрын
How do you find out what those industry averages are?
@358studios
11 ай бұрын
Great video. I love the quality of switching it up from talking head to plain fun to watch. I'm taking pointers for my channel. Quick question. It seems that all these businesses are cash heavy. Seems like a con for each. When you scale up, how to you keep people from stealing from you if you're not the one emptying out the cash?
@M1k4e
Жыл бұрын
When was the last time you used a vending machine? for me it was over a decade ago.
@theepictale5383
3 ай бұрын
One year ago, 75 cents for a soda, now two bucks or more.
@terrytao6309
Жыл бұрын
Does this apply to anywhere in the world? I'm based in Sydney, Australia..
@nellycandelas4875
4 ай бұрын
So for the vending machines it’s a good investment for those who have time am I right
@kal8793
Жыл бұрын
I have a tunnel car wash in my town that is sitting being unused. I would like to contact owner and lease it or pay him a percentage of sales if I run it. What would be a good price to lease a tunnel car wash or what percentage should I pay him?
@tsis-k-koj
Жыл бұрын
Never say never. In a few parts of town there are like 3 laundromats all with in half a mile apart. They probably were about 5 years ago but now with videos like this I see new laundromats poping up everywhere. I'm sure the distributors are happy though.😅
@sizemorecynthia
3 ай бұрын
What do you think about the tow truck business?
@williamalexander6130
Жыл бұрын
Codie, why is your team so hard to contact?
@smouth10
Жыл бұрын
These are American small business's, however they are also in most countries. Still a good video. Also very good insights. Culture and regions come to mind when I think about why I should start. Keep up the good work🙂❤ Codie you are brilliant.
@johngerring2505
Жыл бұрын
One MAJOR pro of car washes I would add to this is DEPRECIATION! In some scenarios, not only is the profit tax free, but you can take the excess depreciation and write it off against any K-1 income that you have.
@InvestmentJoy
Жыл бұрын
I agree very much :)
@CodieSanchezCT
Жыл бұрын
Great pro
@tammiecason7933
Жыл бұрын
Good ideas
@SlothKing33
Жыл бұрын
Magical 😂❤ outfit change
@josebonifaz1098
Жыл бұрын
How do you find a location to place a vending machine ?
@johnyang1420
Жыл бұрын
Ask
@tatynjay
Жыл бұрын
You have inspired us to buy a laundry mat
@yasinnabi
Жыл бұрын
Money is in busy markets, most people think busy markets are hard to collect money, but that is wrong. if you can create value, go to busy markets , a fellow creator
@vbhomesoftexas2022
Жыл бұрын
Codie your always dropping knowledge. Looking forward to meeting you in January with Ryan and Pace. Victor Da Connector. Dallas Texas
@ramonestrada1830
11 ай бұрын
Thanks Codie
@fangfang258
Жыл бұрын
I see he has dexter machines. An 80 lb Dexter costs around 18k in 2020 and customers want the big washers.
@jamesearly729
Жыл бұрын
Codie, thank you very much for telling the good, bad, pretty, and UGLY. None of this appears to really be easy but I have heard that nothing good in life comes that way and have seen no evidence to the contrary. Maybe I misjudged you at first, Codie. Still seems to me that a laundromat needs to be watched most of the time it is open or vagrants will camp out in there, do dope, trash out the place, and discourage good customers. Watching and taking care of the place most often still looks better than working for close to minimum wage. Concerned about how much money will have to be set aside to replace all the machines which I doubt will become less expensive to replace. On the other hand, many of your ideas for acquiring a laundromat may work for other businesses too. Wishing nothing but the best for all those willing to work hard and honorably and strive to do unto others as they would have others do unto themselves and their families and friends.
@OPTIMAL.SOLUTION.ALLIENCE
10 ай бұрын
She is great. When saying no ezcuses, I have MS and trying to get out of wheelchair. Is there a business suited for me or I don't fall in the "normal" catigory
@OPTIMAL.SOLUTION.ALLIENCE
10 ай бұрын
How can I contact you? I know you are super busy and since I am limited physically, I am willing to do what is in my power for you as a thank you in returm.
@fqtarantino
Жыл бұрын
A brief question. Apart from flippa for the online businesses, which are the channels that I can sue to find boring business on sale?
@kool7763
Жыл бұрын
So smart 👍
@paymanmoazzani7738
4 ай бұрын
Hello Codie. I have a story that you have to hear. This story is stranger than fiction. It is about a woman who stole millions from her family, individually and collectively. I watched your appearance on Diary of a CEO. I’m thinking of writing a book and publishing it. Is there any platform which I can contact you directly? Thank You!
@cosmichef75
Жыл бұрын
Looking good in the thumb nail.
@101runaways
Жыл бұрын
I have thought about getting into vending machines as I am a total newb but then I freaked out when I saw the price tag. I never even thought about buying a used vending machine.
@jackreston8188
Жыл бұрын
Don't get into vending. No money in it. Been there, done that.
@101runaways
Жыл бұрын
@@jackreston8188 Not the first person to tell me that.
@bradfrrll
24 күн бұрын
@@jackreston8188 Where did you store your vending machines? How many did you have? I'm interested as well in this business.
@andreas11735
Жыл бұрын
The con that no one talks about is security. Laundromats outside of say Manhattan aren't exactly in the better part of town. Anyone who saw the recent Apple store robbery in the middle of the day knows that criminals are just not afraid anymore. They operate with impunity. I would think criminals would want to pop these machines for the money. Aside from that how do you handle all those quarters and wouldn't it be better to charge whole numbers like 1 dollar 2 dollars, etc., and only accept paper bills? Quarters get stuck in the machines. I hate soda too Codie. You're awesome.
@CodieSanchezCT
Жыл бұрын
Honestly we both own a lot of these and I’ve only ever had on vandalism
@rosschoi4885
Жыл бұрын
This videos doesn't tell the whole truth...these businesses take money & time. It isn't as simple as they make it to be
@OgDj2024
6 ай бұрын
Interesting…🤔
@smcdonald.realtor
Жыл бұрын
hi
@ddylandd
Жыл бұрын
instead of putting 5/6 or 8/9 like these number are they out of 10 and what is the scale. Nothing really to follow. Don't disagree that owning laundromats are a good business for multiple reasons but yeah.
@ugenewoon
Жыл бұрын
Love your energy! Great content everytime
@jreed1701d
Жыл бұрын
What if there are no laundromats / car washes for sale in your area or for miles around? Would something like this work from a distance?
@MuzixMaker
Жыл бұрын
A cash business? No way.
@tabathastaples7884
Жыл бұрын
Shepherd's Chapel Network !!!!!!! Do you have the Gift / Spiritual Discernment ???????
@nanettethomas4980
Жыл бұрын
No Laundry mats in Northern Cal for $85k
@audreyplaysnice2086
10 ай бұрын
i tend to go dark and think the mafia will force me to money launder at these cash businesses. perhaps even darker, the fbi and irs know these cash businesses are ripe for money laundering. why am i like this?
@ultimatenoob_xd5796
Жыл бұрын
What happens when landlord refuse to renew your lease?
@MyThoughtsandViews408
Жыл бұрын
Great video, thanks.
@jasonbollman
Жыл бұрын
Really great episode Codie! Keep up the good work!
@biancarist5633
Жыл бұрын
Great video! What do you think about ATM business?
@carsten_scheafer13
Жыл бұрын
Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have being earning $63,000 returns from my $9,000 investment every 21 days, mr Sherman gorrson Introduce me to miravestocks I have being making huge amounts of profits.
Пікірлер: 409