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FEASIBILITY STUDY REPORT
DRY CLEANING & LAUNDRY BUSINESS
12/18/2008INTELLIGENT DATA LIMITEDOMOLEKAN, Olushola
EXECUTIVE SUMMARY ABC is a Laundry and Dry cleaning outfit that is about to be established in theVictoria Island/ Lekki axis. The business will provide both dry cleaning andlaundry services and will operate with one or two more outlets or shops, toserve as drop off and pick up centres. The business is to service bothindividuals and the wholesale end of the market by providing differentclasses of professional cleaning services, including turnkey solutions to guesthouses, hotels, private hospitals and private school hostels.The demand for laundry and dry cleaning service is increasing due tochanging income level, the stress of self washing, need for proper clothesmaintenance and increase in clothing expenditure.Start-up financing for the business will be through owner investment. The totalrequirement is estimated at about N 35.6m.In providing exceptional laundry and dry cleaning services for customers inthe Victoria Island/ Lekki axis, we aim to: y Attain a 30% market share by the year ending 2009. y Declare first year total sales of over N 14 m y P roducing net profits of about N4,539,600
About the business
Laundry is basically wet-washing. It is carried out using the electric washingmachine which could have a water dispenser tank in built or connected towater pipes directly from a source. Here, clothes goes in dry and comes outwet, then, the clothes are taken into the Tumble dryer or another devicecalled Hydro Extractor, used in draining the water out of the cloth.Dry cleaning on the other hand, is for clothes that use no water for cleaning,examples of this are suits, jackets and other clothes with labels that reads ´Dryclean onlyµ. In place of water, spray chemicals are used in removing thestains on clothes. A machine called Suit and Jacket Former is then used tomake the suit and jacket smooth and straight instead of using
DRY CLEANING & LAUNDRY BUSINESS
12/18/2008INTELLIGENT DATA LIMITEDOMOLEKAN, Olushola
EXECUTIVE SUMMARY ABC is a Laundry and Dry cleaning outfit that is about to be established in theVictoria Island/ Lekki axis. The business will provide both dry cleaning andlaundry services and will operate with one or two more outlets or shops, toserve as drop off and pick up centres. The business is to service bothindividuals and the wholesale end of the market by providing differentclasses of professional cleaning services, including turnkey solutions to guesthouses, hotels, private hospitals and private school hostels.The demand for laundry and dry cleaning service is increasing due tochanging income level, the stress of self washing, need for proper clothesmaintenance and increase in clothing expenditure.Start-up financing for the business will be through owner investment. The totalrequirement is estimated at about N 35.6m.In providing exceptional laundry and dry cleaning services for customers inthe Victoria Island/ Lekki axis, we aim to: y Attain a 30% market share by the year ending 2009. y Declare first year total sales of over N 14 m y P roducing net profits of about N4,539,600
About the business
Laundry is basically wet-washing. It is carried out using the electric washingmachine which could have a water dispenser tank in built or connected towater pipes directly from a source. Here, clothes goes in dry and comes outwet, then, the clothes are taken into the Tumble dryer or another devicecalled Hydro Extractor, used in draining the water out of the cloth.Dry cleaning on the other hand, is for clothes that use no water for cleaning,examples of this are suits, jackets and other clothes with labels that reads ´Dryclean onlyµ. In place of water, spray chemicals are used in removing thestains on clothes. A machine called Suit and Jacket Former is then used tomake the suit and jacket smooth and straight instead of using