Laundromat Resource › Forums › Laundromats › How are you calculating ROI?
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April 10, 2021 at 10:20 am #5152
Simple stupid question, I know, but I might be missing something on my math. I’ve watched a few videos on YT, one from here, and another one from another channel. On this Jordan says that you could earn about 20% from the getgo without a loan. Ok, lets pretend there is a laundromat that cost $100k and it is bringing 20% ROI. This means that the total profit at the end of the year has to be $120k, no?
On the other video I saw, the owner said he invested $1m and profit of about $300k and says “so that’s about 30% return”, I’m confused it sounds to me he’s actually not making any money until he gets his $1m back.
I know this is a dumb question
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April 10, 2021 at 6:02 pm #5239
20% annual ROI on a laundromat that costs $100k would be $20k a year. If you pay all cash and do not leverage any debt.
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Laundromat Resource › Forums › Laundromats › How are you calculating ROI?
