Real Estate Business Plan As a prerequisite to help writing a plan you should have carried out at least a little market research round the area where you propose to spread out your coin laundry. You are able to present your findings within this section of the plan. In your investigation you should attempt to discover if there is adequate demand for a laundromat in the region in question and if so , precisely what kind of services the people in this target market want.
You also need to think about the competition that you have in the local region. Produce a map that displays your customer catchment location bearing in mind that customers will often go to the laundromat that is far easier for them to get to. Look at the advantages and disadvantages of your competitors. Is it going to be feasible to pull customers from the catchment area of competing laundromats? Are you able to make your service that much more appealing than theirs?
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