Laundromat side hustle?

[Sasha P-S]

Hi all, I hope everyone is doing well! :)

I own one rental property. I am exploring in the potential of buying a cash flowing laundromat as a side hustle while I work my full-time job.

Anyone who owns a laundromat here? 

I know everything differs based on the specific laundromat that you find, but based on your experience - is this a feasible idea, if you find a laundromat that cash flows enough to cover hiring someone to manage the place? Could I work on understanding and improving processes, putting new systems in place, improving other aspects of operations - with a few hours per day? (say, 15-20 hours per week?) I'm assuming this would differ based on whether the manager was already working for the business, or if I hired them. I work remotely and my schedule is flexible, so I could shift around my full-time job based on the needs of the laundromat.

Eventually, the goal would be to get the business to be pretty passive (1-2 hours per week), but I'm wondering about the transitional period. Is it possible to take over a laundromat as a side hustle, and if so what factors would be important to analyze in a given deal? What has your experience been? And how long did it take you to take the laundromat from purchase to 1-2 hours management per week?

Thanks a bunch in advance! :)