Laundromat Business Plan Template

30 page business plan template & financial model

✅ Sections in Business Plan Template: Executive Summary, Business Description, Fund Usage, Industry Analysis, Marketing Plan, Organizational Overview, Operational Overview and Financial Plan. Format: Google Doc and Microsoft Word.

✅ Sections in Financial Model: Firstly you get 3 year anuual projection in the financial model and monthly breakdown for Cost and Revenue Tabs. The tabs that you get in Google Sheet or Excel File included are Dashboard, Income Statement, Cash Flow Statement, Balance Sheet, Revenue Monthly Breakdown, Cost of Goods Sold or Cost of Service Breakdown, Operating Cost, Non- Current Asset Schedule (which is used to calculate depriciation) and Graphs & Charts which can be copied to the business plan.

✅ 100% Editable in both Mac and Windows

✅ Detailed 21 Statement Financial Model

✅ Write a Plan in just 2 days!

✅ Video Tutorial

✅ Hands-on Support

Here is a Glimpse of the Executive Summary

The [Company Name] laundromat, founded by [Founder Name], is a modern and convenient facility providing self-service laundry solutions. Located in a central and accessible area, our laundromat offers a range of services, including high-capacity washers and dryers, folding stations, and vending machines for laundry supplies. With a focus on cleanliness, efficiency, and customer satisfaction, we aim to provide a comfortable and user-friendly environment for individuals and families to take care of their laundry needs. Whether it’s for personal use or commercial purposes, our laundromat is dedicated to delivering a hassle-free and reliable laundry experience.

Problem Summary: People face major challenges such as a lack of access to a washing machine and dryer, a lack of space for a washing machine and dryer, a need for a quick and efficient method of doing laundry, a need for specialized laundry services, and a need for an accessible location.

Solution Summary: The laundromat offers customers services that are both convenient and professional in nature, and it is open around the clock with helpful employees ready to assist customers. Customers have the option of bringing their dirty clothes to the laundromat and having the staff wash, dry, and fold them, or they can use the machines provided by the laundromat to do their own laundry.

Industry Overview: The global laundry service market is expected to grow significantly in the coming years due to rising urbanization, disposable incomes, and consumer preferences. According to a recent report, the global laundry service market will reach $331.3 billion by 2025, growing at a 5.6% CAGR.

 Financial Overview:

Highlights of the Laundromat Business Plan Template

Charts and graphs in the business plan are editable through the financial model. When you make changes to the spreadsheet then all the graphs and charts in the spreadsheet then these are automatically updated in the business plan. In addition, proper links have been provided in the business plan template in order to edit graphs or charts.

These are just some of the cover pages which you can use for your Massage Therapy Business. It is easilty editable with a free Canva account. There are 33 cover pages to choose from and you can can change the pictures or writing.

Is Laundromat Business Plan Template Profitable?

We have analyzed these 3 factors in details in our financial model. Find out by playing with the numbers in the financial model. Edit the model with either Microsoft Excel or Google Sheets and see the magic! Don’t forget to check out the dashboard to summarize the projected financial performance. 

Fund Usage Plan

You need to identify how you will use the funds. We already have a list of items in the financial model which can be modified and this chart will update automatically. This is mostly needed by investor or lenders as they want to know- why you need X amount of funds?

Organogram

Income Statement

There are more than 21 financial statements in the laundromat business plan template. Here are just some of them and all the statements are editable from the spreadsheet or excel file. These statements are already pre-loaded with laundromat business related content. Also, you can add or remove anything based on your requirement.

Balance Sheet

Cash Flow Statement

Revenue Summary

Cost Summary

Loan Ammortization

Marketing Plan

The marketing plan will help you create a budget with appropriate promotional channels, brand management, target market segmentation, possible promotional tactics, etc.

Promotional Channels

You can remove or add more channels based on your own strategy. These are also mentioned in the financial model excel file which will help you identify the budget, customer acquisition cost and number of customers acquired from each of the promotional channels.

Possible promotional channel for your laundromat business. There are more channels in the business plan template.

✅Local Advertising: Place ads in local newspapers, magazines, and community newsletters. Send flyers, postcards, or coupons to nearby households. Use billboards, banners, or posters near your laundromat’s location.

✅Online Presence:Create a professional website showcasing your services, location, and business information.Utilize platforms like Facebook, Instagram, and Twitter to engage with your local community and share promotions. Ensure your laundromat is listed on Google Maps for local searches.List your business on local directories like Yelp, Yellow Pages, and TripAdvisor.

Business Description

Business Name: 

Founders:

Management Team:

Legal Structure: [e.g. LLC]

Location: 

Mission: “Our mission at [Name of Business] is to provide our customers with a convenient and efficient way to take care of their laundry needs. We are committed to delivering an exceptional customer experience through the use of state-of-the-art equipment, impeccable cleanliness, and excellent customer service.”

Vision: “At [Name of Business], our vision is to revolutionize the laundromat industry by providing an unparalleled customer experience through state-of-the-art equipment, impeccable cleanliness, and exceptional customer service.”

Goals: 

✅To consistently provide an exceptional customer experience through the use of state-of-the-art equipment, impeccable cleanliness, and excellent customer service.

✅To attract and retain a diverse customer base, including both individual and commercial clients.

✅To establish ourselves as the premier laundromat destination in our community through word-of-mouth referrals and positive online reviews.

Products: 

✅Self-Service Washers and Dryers

✅Vending Machines

✅Additional Services

Industry Analysis

Industry Overview

The global laundry service market is much larger and is expected to grow significantly in the coming years, driven by increasing urbanization, rising disposable incomes, and changing consumer preferences. According to a recent market research report, the global laundry service market is expected to reach a value of $331.3 billion by 2025, growing at a CAGR of 5.6% during the forecast period.

Opportunities

✅Convenience and Time Constraints: As people lead busy lives, the demand for convenient laundry solutions increases. Self-service laundromats provide a convenient option for individuals and families without in-house laundry facilities.

✅Rising Rental Market: In urban areas, where rental housing is common, residents often lack personal washing machines and dryers. This creates a consistent customer base for laundromats.

✅Urbanization: As more people move to urban areas, particularly young professionals and students, the demand for laundromat services in densely populated locations remains steady.

✅Multi-Housing Developments: Apartment complexes and multi-family housing units often lack individual laundry facilities, making the installation of laundromats within or nearby these properties a lucrative opportunity.

Target Market Segmentation

Geographic Segmentation:

✅Urban Professionals: Metropolitan and urban areas with a high concentration of professionals. Young to middle-aged individuals working in corporate environments.Reason: Convenient access to laundry services due to a busy urban lifestyle.

✅College Campus Residents: Proximity to colleges and universities. Students living on or near campus. Availability of laundry facilities for students without in-unit options.

✅Tourist Hotspots: Areas frequented by tourists and travelers. Visitors seeking laundry services during their stay. Convenience for travelers who need quick and efficient laundry solutions.

Market Size

Total Addressable Market: TAM refers to the total demand for a product or service in a specific market. It represents the entire market size without any limitations, assuming there are no constraints or barriers to adoption. TAM represents the maximum revenue opportunity available for a product or service if it were to capture 100% market share. Let’s assume the global perfume market is estimated to be $50 billion annually. So, our TAM is $50B.

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