Writing a Laundromat Business Plan

If you want to start a coin-operated laundry business, the first step is to put together a laundromat business plan. Most successful ventures have started with a plan, but you will especially need a business plan if you are looking to obtain financing.

You have a few different options when it comes to developing your idea into a company outline. The choice that is best for you will depend on how much time and or money you want to spend on writing it and how detailed you want the end product.

Option 1: Hire a Writer

If you prefer to have someone else do the writing for you, specifically a person who is skilled in business plan writing, hire a writer. Although this option is highest in cost, it will cost you the least in hours of work. You can get a detailed, professionally written plan with which you can approach lenders and other financiers.

Option 2: Write it Yourself

Opposite of hiring a writer, you can put together your plan for free, but this task requires hours of your time. If you have experience writing business plans, this job may come easy to you, and you may not mind the effort it takes.

If you are simply writing your laundromat business plan for your own use in running the business, rather than using it when applying for financing, you may decide to create a simpler outline that is less formal. In any case, there are seven parts you want to incorporate:

- Executive Summary
- Company Summary
- Products and/or Services
- Market Analysis
- Strategy and Implementation
- Management Summary
- Financial Plan

You can do a quick search online for business plan outline or template and find sample layouts that will not cost you anything and that make the planning process easier to start.

Option 3: Use Business Plan Software

Software programs fall in between hiring a professional and doing the job yourself. The software costs less money than what a writer would charge. You can download some software for under $100. At the same time, using the program takes very little time (you can access it instantly upon purchase), and some entrepreneurs have completed their plans in less than one day.

Some software programs are developed by professional writers experienced at creating these outlines for start-ups to follow, so your final plan will appear to actually have been written by experts. The secret is that you will not have to spend nearly the same amount of money or the length of time to get very similar results to that of professionals.