Newly Established Laundromat Seeking Loan in Chilliwack, Canada

- The laundromat in Chilliwack is currently non-operational but will be strategically positioned to offer diverse services including personal pick-up/drop-off.
- Besides laundry services, the facility plans to integrate a coffee shop and stand-up video games, enhancing the customer experience.
- The business's top offerings will prioritize a laundromat, wash and fold services, alongside convenient pick-up and return options.
- Estimated market potential: Chilliwack's laundry industry is valued at approximately $1 million annually.
- Notable for limited competition in the Chilliwack area, providing a significant opportunity for market penetration.
- The existing laundry facility, with a 30-year operating history, has established a legacy of service in the community. We plan to acquire this well-regarded business.
- This venture offers a unique blend of necessary services and leisure amenities, responding to evolving customer preferences.
- Starting a new laundromat in this area will be highly profitable. The only existing laundromat is old and has broken machines that do not work well. With a population of around 150k, there is a significant demand for a reliable and modern laundromat.