Wash & Fold Laundromat

Wash and Fold Laundromat

Objective

The objective of Wash & Fold Laundromat is to obtain P1,500,000 in gross sales during the first year of operation which will yield a 30 percent return on the owner’s investment.

The elements in the retail business plan for Wash & Fold will include the following:

1. Determine the potential market for laundry service in the residential and commercial area of Chino Roces Avenue in Makati City.

2. Suggest ways in which the store can be designed and arranged both exterior and interior.

3. Select and determine the approximate number of resources from which Wash & Fold Laundry can purchase equipment’s to use for operation.

4. Suggest methods for handling incoming laundry items from customers, receiving, checking, and marking.

5. Recommend a general pricing policy and pricing strategies and tactics.

6. Recommend a general promotional policy and pricing strategies and tactics; determine an advertising and sales promotional budget for the first year of operation.

7. Make suggestions for staffing together with training and compensation of Laundromat store personnel.

8. Calculate a break-even point for the proposed Laundromat store. Together with a contribution margin analysis.

9. Calculate a return on investment (ROI) given the estimated first year expenses for the proposed business.

Keys to Success

The keys to success in our business are:

* Location: the potential business is to be located in a nice commercial condo unit of middle to high class residences, where it’s the closest and most convenient place to get the services. In addition, there is a mall located nearby. In addition to being the only laundromat in this neighborhood and surrounded by residences, there is no potential for a competitor

* Convenience: offering clients services ranging from full-service washing and drying, and extended business hours.

* Environment: providing an environment conducive to...