Free Laundromat Business Plan PDF Startup Template

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Here's a Sample 'Executive Summary' for a Laundromat Business plan:

(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

Estimates	Estimate Amount	Budget Amount
Front Door	$	$
Gas Lines	$	$
Bathroom Remodel	$	$
Water meter setting	$	$
Water meter	$	$
Drainage	$	$
Web site	$	$
Security Cameras	$	$
PC	$	$
2 TVs with holders / speakers	$	$
Communications	$	$
Painting	$	$
Ceiling tiles	$	$
Flooring	$	$
Game Tables	$	$
Front Canopy / painted signs	$	$
Electrical work	$	$
Waterlines	$	$
Duct work	$	$
Interior tear out	$	$
Interior build out	$	$
Sink	$	$
3 Bulk Heads	$	$
Furniture	$	$
Sub totals	$	$
Equipment	$	$

Total                                                                             $                                               $

2.3 Location
(COMPANY) office will be based from the home of (owners and address).  The store is located at (store address) and is a 3200 square foot block building with two window fronts and located next to several well known local businesses (local businesses).  The location of this store is essential to acquiring the target customer base of 18 to 28 years old since it is located just off the campus of (university name) and next to an apartment complex.  (COMPANY) will be located in the middle of its three major competitors.  More about competitors and their stores are described later in detail. 

            All required utility services at the location are available and can be upgraded to the necessary requirements to provide adequate services for (COMPANY). 

3.0 Equipment
(COMPANY) will install:

• xx Maytag High Efficient front load washers
• x – 35lb Maytag front loading washers
• x – 50lb Maytag front loading washer
• xx Maytag Stacked (total 24) gas dryers
• CCI networked card system
• 1 - 12 (can or bottle) place pop machine
• 1 snack machine
• 1 air hockey table
• 1 pool table
• 7 sit down booths
• 9 folding (clothes) tables
• 3 – 32” TVs
• 1 Vendrite 360 laundry soap dispenser
• 1 Hamilton hot water heater
• 1 large cork board for customer postings
• 1 DVR system
• 1 PC for power point advertisement, and security recording
• Router, modem for internet connection

See (equipment distributor’s equipment list) attachment for model numbers and prices for several of the major items noted above.

3.1 Utility Upgrades
A laundry facility requires adequate utility services to properly run all machines during peak usage.  With the assistance of vendors the utility usage for gas, electric, water and sewer has been calculated and the necessary upgrades are included in the startup costs.

3.2 Permits
(COMPANY) has acquired a vendor license, sign permit and a letter of acceptable use for the location in question.  Permits for gas, water and electrical work will be applied for when necessary.

3.3 Communication
Connection to the Internet will be via a 768/768 DSL connection to (ISP) Internet Services.  The same phone line for the Internet will be used as the onsite business phone.  A static IP address will be assigned by (local ISP) that will be used to view the Internet camera on the (COMPANY) home web page.   The router and 5 port network switch will be used to connect the VPON monitor with the Host PC and leaving room for expansion.