Biweekly
Executive Summary
Universal Laundromat is a full-service coin-op laundry (washing, drying, and optional folding) service dedicated to consistently providing high customer satisfaction by rendering reliable machines and furnishing a clean, enjoyable atmosphere at a competitive price/value relationship.
Our Mission: To provide convenient, clean, and friendly laundry service.
Our Motto: "Professional, convenient, friendly service and competitive pricing"
The timing is right for starting this new venture. After patiently searching for two months for the perfect location, one was finally found. The demand of laundry service, the ambitions of the owner to one day start his own laundry business, and knowledge to support the venture, has made it a business opportunity with great potential.
1.1 Yearly Profit Potential
It is very important to note that the minimum monthly amount of loan payback should decrease as principal decreases. Furthermore, the profit projected in the table is after all expenses and monthly loan payback have been subtracted. All net profit will then be paid as an additional sum to greatly shorten the term of the loan.
1.2 Keys to Success
The keys to success in our business are: * Location: the potential business is to be located in a nice small shopping center of a poor to lower-middle class, ethnically Mexican neighborhood, where it's the closest and most convenient place to get services. In addition, there are two apartment complexes located nearby. In addition to being the sole 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 to optional folding, and extended business hours. * Environment: providing an environment conducive to giving clean, friendly, and professional service. * Reputation: long-term reputation resulting from friendly, professional service will encourage customers to
Universal Laundromat is a full-service coin-op laundry (washing, drying, and optional folding) service dedicated to consistently providing high customer satisfaction by rendering reliable machines and furnishing a clean, enjoyable atmosphere at a competitive price/value relationship.
Our Mission: To provide convenient, clean, and friendly laundry service.
Our Motto: "Professional, convenient, friendly service and competitive pricing"
The timing is right for starting this new venture. After patiently searching for two months for the perfect location, one was finally found. The demand of laundry service, the ambitions of the owner to one day start his own laundry business, and knowledge to support the venture, has made it a business opportunity with great potential.
1.1 Yearly Profit Potential
It is very important to note that the minimum monthly amount of loan payback should decrease as principal decreases. Furthermore, the profit projected in the table is after all expenses and monthly loan payback have been subtracted. All net profit will then be paid as an additional sum to greatly shorten the term of the loan.
1.2 Keys to Success
The keys to success in our business are: * Location: the potential business is to be located in a nice small shopping center of a poor to lower-middle class, ethnically Mexican neighborhood, where it's the closest and most convenient place to get services. In addition, there are two apartment complexes located nearby. In addition to being the sole 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 to optional folding, and extended business hours. * Environment: providing an environment conducive to giving clean, friendly, and professional service. * Reputation: long-term reputation resulting from friendly, professional service will encourage customers to