The laundromats around here closed down years ago. Not a characteristic of extre... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		WalterBright 9 days ago \| parent \| context \| favorite \| on: Government grant-funded research should not be pub... The laundromats around here closed down years ago. Not a characteristic of extremely profitable businesses. There are a couple of strip malls nearby that have vacant rentables, vacant for years and years. Nobody has thought to put an extremely profitable laundromat in any of them.

		help

bdangubic 8 days ago [–]

This is anecdotal - look this up outside of your strip malls. It has the some of the lowest failure rates of just about any business and 20-35% ROI

WalterBright 8 days ago | [–]

I've heard that laundromats are used for money laundering. This may explain their profitability, but it's a front, not a business.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact