• Laundry Business Plan

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Laundry Business Plan

If you are an individual obsessed with being clean and tidy of what you wear and what one needs to wear, then as a business you could explore setting up a laundromat. For an entrepreneur wanting to establish a laundry business, a laundry business plan would be the right first step in that direction. Going by one of Forbes statistics that the laundry service business is expected to fatten to $ 76 billlion by early 2018. This is on the fact that more couples are tied up with hectic schedules at work.

Through the laundry business plan the way in which you would want to run your business can be better visualised in a document by means of certain facts, diagrams, graphs and writings. The first step in a series of things that you shall pay attention to will be to come out with what could be offered as list of services on-call pick, online pick-up and delivery request for washing and folding of the linen.

This is then to be seen as to whom you want to offer these services to, which answers the question as to what we call the target audience to whom you are to offer this experience as your service. This will give you a chance to explore the potential of your business and plan accordingly. From another stat available from Forbes it is estimated that by end of 2020, greater than 300,000 households are expected to avail this laundry service on a weekly basis.

One of the important ways to look at uniquely distinguishing yourself and your offerings can be arrived making use of a few techniques like brainstorming, bench marking and market research. Through the use of these techniques you could generate newer methods to reach and service your potential target audience. One of the important strategy you could look at adopting here as it is a crowded market is to stay away from a congested place where your competitors could be more in numbers and explore places close to apartments. In case there are any other existing laundry businesses that are interested in offering to you, look at it.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a Laundry business plan are given below:

People

The key personnel could be: Managing Director, Finance and Admin assistant, Dry Cleaning supervisor and an assistant, laundry supervisor & assistant and Folding, pressing and quality control officer.

Process

This can take into account provisions in cart to booking appointments, payment processing, loading and unloading linen etc.

Systems

Systems can include dryers, laundry carts, detergent vending machines, coin machines, online payment gateway, delivery vehicles and accounting software to name a few.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

Association for Linen Management
138 N Keeneland Drive, Suite D, Richmond, Kentucky 40475, 1-800-669-0863

Laundry Association Australia
Laundry Association Australia Ltd, PO Box 7622, Melbourne, VIC, 3004

Exporters Association of the Unites States of America
Global Trade, 5201 Blue Lagoon Drive, 8th Floor Miami, Florida 33126 USA

The British Exporters Association
5th Floor, 83 Victoria Street, London, SW1H 0HW

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