Coin Operated Laundry Business Plan

Laundry Place is a coin-operated laundromat (self service laundromat) located in Metropolitan. It will comprise of two separate laundries with annual revenues exceeding $120,000. Laundry Place will not be the typical run-of-the-mill laundry, but have a children's play area to keep children occupied. It will be an updated, clean location for weekly cleaning. Initial services will include washers and dryers, detergent sales, and vendor sales, with plans to add 'fluff and fold' service.

Laundry Place is requesting a $350,000 term loan for the purchase of two buildings and laundries. The funds will be used to purchase two existing laundromats at 100 Main and 1500 1st Street in Metropolitan. The funds will be repaid through operations and positive cashflow. Estimated annual revenues exceed $120,000 in year one, and are divided equally between both facilities.
This is an excellent coin laundry business plan that can be used as a model to either purchase an existing laundromat or start from scratch.

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