Laundromats Seeking Loan

The business currently operates an FMCG retail store and plans to expand into the laundry services sector in Hyderabad. - The promoter has over 7 years of industry experience and expects to generate INR 2.5 lakh in monthly revenue from the new venture. - Services will include washing, folding, steam ironing, saree rolling, and shoe cleaning, targeting both individual and bulk commercial clients. - Operations will begin with a compact team of 2 employees to ensure cost efficiency and personalized service. - The laundry unit is planned in a local industrial area of Hyderabad, tapping into rising demand from hostels, hotels, and offices. - The laundry business will complement the existing FMCG store by leveraging local customer networks and regional familiarity. - The business holds a valid GST certificate.

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.

Outlet is located in Rajarajeshwari Nagar, Bangalore and operating since 2015. - We provide washing, ironing, polishing and darning of clothes. - Have more than 500 regular customers who visit our store in the locality. - 90% of our customers are repeat customers. - Daily footfall is more than 25 on an average. - When it comes to ironing we press one cloth per minute. - It is quite popular in the area due to more number of PGs in the locality. - Business owns the whole set up required for the laundry service.