Business Plan Expert - Laundromat Business Plan Template (Including 6 Special Bonuses)

Laundromat Business Plan Template

(Including 6 Special Bonuses)

By Business Plan Expert

Copyright by Liraz Publishing. All rights reserved.

Other books by Meir Liraz that may interest you:

How to Sharpen Your Managerial Skills

How to Start Up Your Own Business

Business Plan Template

How to Start a Small Home Business

How to Start a Service Business

How to Open a Store

How to Start a Construction Company

How to Start an Export Business

How to Start a Manufacturing Business

How to Manage a Business

How to Advertise Your Business

How to Effectively Manage Your Sales Team

How to Develop a Strategic Plan for Your Business

How to Manage a Family Owned Business

How to Finance a Business

Complete Guide to Human Resource Management

1. A Word Doc version of the Business Plan Template

2. A Set of 23 Excel Spreadsheets and Tables

3. Business Feasibility Study System

4. Business Financial Planner (Software Program)

5. How to Improve Your Leadership and Management Skills (eBook)

6. Small Business Management: Essential Ingredients for Success (eBook)

A s part of purchasing this book you get a professional Farm business plan template. This is a MS Word (.doc) version that you can download and easily edit and modify it to meet your own specific needs. The file is compatible with most word processors. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more See chapter F for download instructions.

Table of Contents

1.0 Executive Summary

1.1 Objectives

1.2 Mission

1.3 Keys to Success

2.0 Company Summary

2.1 Company Ownership

2.2 Company History

Table: Past Performance

3.0 Products

4.0 Market Analysis Summary

4.1 Market Segmentation

Table: Market Analysis

4.2 Target Market Segment Strategy

4.3 Industry Analysis

4.3.1 Competition and Buying Patterns

5.0 Strategy and Implementation Summary

5.1 Competitive Edge

5.2 Marketing Strategy

5.3 Sales Strategy

5.3.1 Sales Forecast

Table: Sales Forecast

5.4 Milestones

Table: Milestones

6.0 Management Summary

6.1 Personnel Plan

Table: Personnel

7.0 Financial Plan

7.1 Important Assumptions

7.2 Break-even Analysis

Table: Break-even Analysis

7.3 Projected Profit and Loss

Table: Profit and Loss

7.4 Projected Cash Flow

Table: Cash Flow

7.5 Projected Balance Sheet

Table: Balance Sheet

7.6 Business Ratios

7.6 Business Ratios

Table: Ratios

Table: Sales Forecast

Table: Personnel

Table: Profit and Loss

1.0 Executive Summary

(COMPANY) is a startup laundromat that will target a customer base of 80% young adults ranging from 18 to 28 years old. (COMPANY) will differ from the conventional coin-op laundry by providing the newest technology available in the laundry industry. The most notable of the newest technologies is the ability to eliminate the coin from the coin-op business. (COMPANY) will be implementing smart card technology that allows customers to purchase a vending card that will be used for all equipment located within the store. Some of the obvious advantages of using the smart card is the elimination of the daily collections of coins from each machine, the ability to change prices throughout the day in various increments and as a marketing tool to be able to bring customers back each week since they will still have a credit value on their card.

1.1 Objectives

(COMPANY) objectives for year 2001:

• Secure financing by end of April.
• Lease, remodel and install new equipment in store by August 1st.
• Incorporate to an LLC by December 31st.
• Achieve profitability by month ending December 31st.

(COMPANY) growth objectives for years 2002 and 2003:

• 2002 Stabilize costs while extending customer base to maximize profits
• 2003 New store possibilities located in Northwest Ohio

1.2 Mission

(COMPANY) will be the leader in the self-laundry business by providing a clean, safe and reliable store at a cost less than or equal to its local competitors, along with satisfying the customers needs and cost objectives. (COMPANY) will also be environmentally conscious by installing high efficiency washers that use less than 50% of water and detergent than most conventional washers. (COMPANY) will be a community friendly store.

1.3 Keys to Success

As a start-up company, new to the industry, and introducing new technologies, we must be focused and work hard to create acceptance for ourselves and our services within the marketplace. The keys to our success are:

• Provide a clean and safe environment.
• Competitive pricing.
• Steady, disciplined pattern of growth.
• Our customers and keeping them happy.

2.0 Company Summary

(COMPANY) is a family owned and operated company that provides self-laundry services to young adults by using the latest technologies in the laundry industries, along with Internet viewing accessibility for customers and owners. (COMPANY) home office will be located in (home town), with the store located in (store location).

2.1 Company Ownership

(owners) (husband and wife) will share the ownership and day to day operations of (COMPANY).

(owner) currently is self-employed as a systems consultant providing technical project planning for fortune 500 companies. (owner) skills will benefit (COMPANY) by providing a technical background for the new industry technologies and his knowledge of project management will ensure the store will be opened on time and under budget.

(owner) is currently the (place of employment job title). (owner) has been employed for 14 years and is in charge of the day to day operations of the company including customer orders and service, production flow, inventory management, accounts payables and receivables, IT infrastructure and human resources. (owner) business knowledge will be a key to the success of (COMPANY).

2.2 Startup Summary

Startup cost estimates have been estimated at $ and budgeted at $ (see table 2A). These startup costs will be covered by approx. 35% of personal funds and credit with the remaining 65% covered via conventional loans. A considerable amount of cost savings has been incorporated by sweat equity. The savings achieved from sweat equity are estimated at about $.

Table 2A