Core Insights - Laundromats present a lucrative business opportunity, often overlooked in favor of newer trends [1][2] Group 1: Low Barrier to Entry - Starting a laundromat may seem daunting due to the initial costs of equipment and location, but many successful owners began with minimal investment [3][4] - Owners often start by building a customer base through personal services like pickup and delivery before investing in a physical store [4] Group 2: Recession-Proof Nature - Laundromats are considered recession-proof as they fulfill a basic consumer need for laundry services, regardless of economic conditions [5] - The self-service model remains stable during recessions, although pickup and delivery services may see fluctuations in revenue [6] Group 3: Revenue Potential - Efficiently run laundromats can generate significant annual profits, with reported earnings ranging from $100,000 to over $50 million [7]

CNBC's Jim Cramer on Tuesday suggested why CVS Health and Dollar General, stocks that lagged last year, have seen gains recently. He attributed the turnaround in part to the idea that these two have become the most competitive in their sectors."There's a lot that goes into this, but at the end of the day, I think CVS and Dollar General both benefit from their newfound sole survivor status," he said. "Investors are piling into these two because their top competitors are falling apart, leaving CVS and Dollar ...