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Old 07-24-2010, 01:34 PM  
stillsexy
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Join Date: Dec 2006
Posts: 1,913
Quote:
Originally Posted by Quotealex View Post
I don't really know what the average ROI is. I've seen some laundromats in Montreal that have been sold at 12 times the net monthly revenue (but not including the owners time running the business). Thus, technically you would get your money back after the first year assuming you don't consider your time spent running the laundromat, you have no washers and dryers to replace, your rent and energy cost don't increase, etc.
repair cost could be quite expensive... i believe most owners fix their own washers/dryers/...
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