J_J Business Plan Outline

Business Plan for J&J Wash and Dry Executive Summary Company: J&J Wash and Dry, Inc. is a Baltimore-based industry providing clothes washing and drying services to individuals who are in need of this sort of resource. The locations of this business will be in the following Bel Air Rd, Madison Avenue, Eastern Avenue, and Park Heights area. Current Status: J&J Wash and Dry started as a side summer job, in order to make extra money and help people in the area who were in need. Over two years, J&J Wash and Dry has now become apart of the Laundromat industry. Staff on board would be President and CEO Justin A. Maddox, Vice President of Sales Jaleesa A. Gregg, and Jamathan S. Ferguson, Timothy B. Slick, Johnson A. Steel, and Earl M. Johnson are managers at each of the four located stores. Products/Services: J&J Wash and Dry offers one main service and three additional minor services. The main offer would be the use of our up-to-date washers and dryers. Which would also be accompanied by the selection/choice of detergent and soap powder. Our minor offer is for the customer to feel at home while being away from home. Also, to be able to take care and handle each responsibility all at once. Included in the minor services would be a children’s section, a comfortable lounge area (equip with television viewing and reading materials), and a snack bar. Description of our market: There are approximately 636,251 people in the Baltimore area. Our industry is one that is truly needed and will stay making money no matter what the consequences may be. For example, if people were to lose their jobs, we would still stay in business. People have to stay clean no matter what’s going on in their lives. Company objectives: The mission of J&J Wash and Dry is, to become the main provider for those in need of the washer and dryer service. Also to establish a clean, safe environment for parents to be able to do their laundry and bring along their children. All under an affordable price, to suit all needs. We are dedicated to building long-term relationships with customers through customer support. Also to be recognized as the leading company in the Baltimore Metropolitan area. Another goal would be to expand. Financial: Selling our service about seven days a week and twelve hours to the public to make a modest profit in the first year. By year two we would want that money to at least double. Then the profit should start increasing dramatically each year. Funding plans: The $6,000 we earned during our laundry side project will be used to fix up the facilities. Jaleesa A. Gregg and Justin A. Maddox will invest about $42, 650 each of their own money in the business and will try to gain at least $72,700 from outside sources. To keep from not spending so much more, the company would also be using generous donations of furniture, etc. History and Position to Date Introduction to your Business Background: J&J Wash and Dry is a clean, relaxing facility that has a “home” type environment. We provide the traditional ‘self-serve’ of washing and drying your clothes, in up-to date washers and dryers. Other features that we offer are, an entertainment center for children, a snack bar, and lounge area. Not to mention an easy access cash card. The Laundromat industry is one that is in great demand. J&J WD plans to capitalize on the success of this industry and become, not one, but the leading company within the industry in the Baltimore City metropolitan area. Why Business will succeed: J&J Wash and Dry believes that by having more than one location would attract more people throughout that Baltimore area. We offer a comfortable environment, reliable service, and additional services that would make customers feel welcomed. Last Year’s sales: J&J Wash and Dry started as a summer side project, and within two years became apart of the Laundromat Industry, with it’s focus on people who are in need of washers and dryers. Last year, J&J Wash and Dry earned $3,000. Achievements to date: Starting it off from being a summer project to now one of the leading company’s in the Laundromat industry. Grossing from $6,000 overall to now $1, 395.000 and more. Mission Statement Company Vision: J&J vision is for our future customers to be able to enjoy our company’s products. We also want to be able to corner the Laundromat business by offering great customer service. Also providing the best conditions for are customers, and employees to work, wash & dry their clothes. Short-Term Goals: To attract as many customers as possible so we can be one of the elite Laundromats. Company values: J& J Wash and Dry values are to build a great relationships with are customers. Also to have a great reputation around the surrounding neighborhoods near our companies and throughout the city of Baltimore. Products and Services J&J Wash and Dry offers an amazing place to be able to wash and dry your clothes in peace. We offer a place where you kids can have fun while you perform a house hold dutie away from home. Also we provided you with a place to enjoy doing this duity. Guarantees/Warranties: Our customers are proctected by us if you feel that at anytime your stay at one of our faltiees weren’t to your liking we are intitled to pay you back. Also we will have employees that will help any one with problems operating machines or anything of the sourts.