Universal Laundromat

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Laundromat Business Plan

Marketing Strategy

It's been shown that the best method of advertising is through word-of-mouth. No major newspaper ad campaign is planned. However, we shall run weekly specials. In addition, we shall have an incentive program for referrals. Those customers who refer someone else to the store will be rewarded with two free washes, and the referee will receive an introductory gift of a free wash. In addition, we will ensure a clean environment, reliable machines, and friendly, prompt services.

4.1 Target Market

Universal Laundromat's target market is every household that needs laundromat services within the immediate area of east San Jose. There is no market segmentation strategy associated with this potential market. The Market Analysis table indicates the estimated number of potential customers and their growth rate.

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Local Laundry Users in East San Jose 2% 6,434 6,531 6,629 6,728 6,829 1.50%
Other 0% 0 0 0 0 0 0.00%
Total 1.50% 6,434 6,531 6,629 6,728 6,829 1.50%