Laundromat Business Plan

Start your plan
Start my business plan

Start your own laundromat business plan

Universal Laundromat

Opportunity

Problem & Solution

Problem Worth Solving

Every person needs clean clothes. Not every family can afford a washer and dryer or laundry soap. 

Our Solution

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"

Target Market

Market Size & Segments

 

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.

 

 

Competition

Current Alternatives

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.

Our Advantages

Universal Laundromat would like to set itself apart from other laundromats that may offer only one or two services. Although the focus of Universal Laundromat is a washing and drying service, we do wish to offer our clients the convenience of these other services in one location. Those services include folding and potentially pick-up/delivery service, as well as online reservation and membership for pick-up and delivery. Most importantly, it’s our convenience that sets us apart from the competition.

Keys to Success

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 return.
Download link edge graphic Download this plan

Start your own laundromat business plan

Start your own business plan

LivePlan logo Start planning

Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.

Get the Bplans newsletter:

Expert business tips and advice delivered weekly.