Universal Laundromat will, upon commencement of operations, supply full washing, drying, and optional folding services. We will also provide quality products to ensure clean washing of clothes as well as household retail products to meet the demand for easy access for the neighborhood. What will set Universal Laundromat apart from the competition is our commitment to providing professional, friendly, prompt, and, most importantly, convenient services.
2.1 Start-up Summary
This laundromat is a rare business opportunity that not many people can get. Having an excellent proven track record of steady income, the current owner is reluctant to sell. However, in desperation of a large sum of money to pay back loans before his retirement, he is, in a way, forced to sell. Nevertheless, this sale has not been announced or listed to the public yet. Priority is given to acquaintances before being given to the public. Being an acquaintant, Minh has first priority to the business opportunity.
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Liabilities and Capital
Accounts Payable (Outstanding Bills)
Other Current Liabilities (interest-free)
Additional Investment Requirement
Total Planned Investment
Loss at Start-up (Start-up Expenses)
Total Capital and Liabilities
Cost of Business Acquisition
Total Start-up Expenses
Other Current Assets
2.2 Financial Picture of Current Laundromat
A few tips from the expert:
In the laundromat industry, we should always consider an established venture.
The estimated value of the business should be 50 times the net profit; the investor should regain investment in 3 years or less.
In the laundromat business, size doesn't matter. Only NET PROFIT (income) does.
Financial Picture of T. Le Super Wash laundromat:
Laundromat Sales (On Average)
Supplies and Game Arcade Sales
Total Monthly Revenue
OPERATIONAL ADMINISTRATIVE EXPENSES
Garbage and Sewage
Business Insurance ($1,000,000 Liability)
Utilities (Gas, Electric, and Water)
Direct Cost of Sales (Supplies, Miscellaneous)
Total Monthly Expenses
NET PROFIT (On Average)
2.3 Company Locations and Facilities
The laundromat is located in San Jose, California. It will utilize 1,500 square feet. The location is strategically situated on one of the busiest streets in East San Jose. More specifically, it's located in a small attractive shopping center next to the poor to lower-middle class homes; therefore, there is NO possible competitor (after very careful examining). In addition, there are two apartment complexes located nearby. Surrounding it, there is a Mexican neighborhood whose residents get most of their services and needed goods in this plaza where the laundromat is located.