This wash and fold service could also include home/office pickup and delivery. Or, you might (also) offer fluff and fold laundry services in which your staff washes and folds your customers’ laundry. In your company analysis, you will detail the type of laundry business you are operating.įor example, you might operate a traditional laundromat in which you offer coin-operated washers and dryers. And offer an overview of your financial and sales forecast. Provide a snapshot of your laundromat marketing plan. For example, give a brief overview of the laundry industry. Next, provide an overview of each of the subsequent sections of your plan. ![]() Explain to them the type of laundromat services business you are operating and the status for example, are you a startup, do you have a laundromat that you would like to grow, or are you operating a chain of laundromats. The goal of your Executive Summary is to quickly engage the reader. Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key component of your plan. Your own business plan should include 10 sections as follows: If you’d like to quickly and easily complete your own laundromat business plan, download our proven business plan template here. Venture capitalists will not fund a laundromat as they tend to focus on modern technology companies with quick and explosive growth potential. They will either take equity in return for their funding or, like a bank, they will give you a loan. Angel investors are wealthy individuals who will write you a check. The second most common form of funding for a laundromat is angel investors. Such a plan will give them the confidence that you can successfully and professionally operate a business. But they will want to see a professional plan. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. With regards to funding, the main sources of funding for a laundromat are bank loans and angel investors. Your laundromat services business plan is a living document that should be updated annually as your business grows and changes. A business plan will help you raise funding, if needed, and plan out the growth of your laundromat in order to improve your chances of success. If you’re looking to start or grow an existing laundromat or dry cleaning business you need a business plan. ![]() It also includes research to support your business plans. ![]() It explains your business goals and your strategy for reaching them. We will then go through a business plan template step-by-step so you can create your plan today.ĭownload our Laundromat Business Plan Template here > What Is a Business Plan?Ī business plan provides a snapshot of your laundromat business as it stands today, and lays out your business growth plan for the next five years. On this page, we will first give you some background information with regards to the importance of business planning. Over the past 20+ years, we have helped over 5,000 entrepreneurs and laundromat owners create business plans to start and grow their laundry businesses.
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