Laundromat Business Plan

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Universal Laundromat

Execution

Marketing & Sales

Marketing Plan

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.

Operations

Locations & 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.

Milestones & Metrics

Milestones Table

Milestone Due Date
Review Q1
Mar 09, 2020
Review Q2
June 05, 2020
Review Q3
Sept 06, 2020
Review Q4
Dec 05, 2020

Key Metrics

Our key metrics are: 

  • # of reviews we receive, we shall especially pay attention to the locals
  • # of people who walk in verse make a point of calling to see if we are in 
  • the cost of running the machines

 

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