This laundry, dry cleaning business plan is useful for apprentices in training, small and medium scale business owners, large scale businesses, accessing Bank Loans, Equity funding and Grants. This business plan can also be used in Proposal Writing, developing Business Concept Notes, understanding industry and market analysis and so on.
FEGEOSTOM is a registered laundry and dry-cleaning Company built specifically for busy company executives and private business owners in Lagos state.
Our office outlet is located at Government Residential Area (GRA) Ikeja, just beside famous Bishop Vinyl Memorial Anglican Church and about 20 minutes’ drive from the Muritala Mohammed International airport.
We are well situated in the center of Nigeria’s busiest commercial city, serving both local and foreign clients who are living and doing businesses in Nigeria.
At FEGEOSTOM, we keep the trend on the up-to-date washing machines, dryers and pressing equipment.
Our fees are affordable and our staffs are well trained with individuals specializing in at least one of the aspect of our business operation processes.
We also render extra services including folding, packing and delivering at customers’ most convenient time and place.
As a top notch laundry and dry-cleaning Company in Nigeria, we are different from others in the fact that we offer a highly competitive customer service, using it as a part of marketing strategy.
Our market is targeted towards corporate officials and private business owners. Others are households, hotels, foreign visitors and so on.
The business was opened in 2007 by Mr Femi Akinyemi Richard and other two committed directors.
Mr. Akinyemi has been managing the business with enough experience. He holds Bachelors of Arts degree in German Language from Obafemi Awolowo University, Ile-Ife.
We have maintained gradual increase in sales from the start of the business. Therefore, we look forward to a positive gross margin of close to ₦10,000,000 in our next three financial years.
Our sales forecast for the next three years can be highlighted with the following chart:
Objectives
FEGEOSTOM has develop the following objectives with a view to maintaining good market share. Thee are:
- To remain the best choice for our present and prospective customers
- Boost sales and increase our profit by 20% in the end next first financial year
- Attract more investors into our business.
Mission
To offer consistent quality laundry and dry cleaning service in a way that it is well convenient for our customers.
Keys to Success
1. We will conduct comprehensive market research to position us for proper expansion
2. Consistent training of our staff in line with our mission of consistent quality service delivery
3. Timely delivery and impressive customer service
4. Up-to-date facility and experience of the management.
Market Analysis
Laundry and cleaning is undoubtedly one of the most profitable businesses in Nigeria with a low failure rate and we have been attracting customers since we started in 2007.
We target majourly customers residing in both the mainland and the highlands but we do render services to all part of the country.
The population of Lagos state has now passed 15 million with more than 60% involving in one busy activity or the other and giving out their laundry chores.
These are the factors that make the demand for laundry and dry cleaning business to increase on daily basis.
Also, the consistent influx of foreigners in Lagos State and other part of Nigeria contribute to the booming of in demand for the service.
There are more to the market analysis and details of this business plan. The complete laundry, dry cleaning business plan also contain the:
- Operation and implementation strategies
- Business model Canvas
- SWOT analysis
- Analysis of competition
- Management and so on….
Please call our business plan consultants: +2348147161686 for the complete business plan.
You will also be supplied with the details of the excel, word document and PDF formats of the financial analysis. The financial includes
- Required startup funds
- Three years salaries and wages plan
- Projected sales forecast analysis
- Cash disbursement
- Income statements
- Balance sheet
- Year-end summaries
- Loan amortization
- Break even analysis and so on
We have a team that can help you write your specific business plans, feasibility studies, Marketing plan, grant application, market research, business brand story and so on.
Please call our business plan consultants: +2348147161686
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