Writing a Business Plan for a Dry Cleaner
Regardless of how the economy is doing, people are always going to need to have their clothes professionally cleaned. This is especially true for expensive garments that need to be cleaned through a process of dry-cleaning. The gross margins by these businesses are extremely high, and they are always able to remain profitable and cash flow positive. Over the past 14 years, Deutsch and Thomas has worked very closely with a number of entrepreneurs that have started both independent as well as franchise based dry-cleaning businesses. In fact, we have a number of financial models on hand at clearly showcase all the revenue streams generated by a dry-cleaning business, whether or not they are a franchised business, and showcasing all the collateral is to be acquired with the capital that is being sought in the business plan. These businesses tend to do very well in both urban as well as suburban markets.
In each business plan developed by Deutsch and Thomas, we always include a full five year financial model that has a profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page. In the event that the client is seeking a loan, we showcase all the different equipment that is going to be acquired with the borrowed funds. We always provide our clients with two copies of a business plan – one that can be used for acquiring a conventional or SBA loan and one that is appropriate for an investor if the individual is seeking capital privately. The business plan also includes full industry and market analysis as well as a full-scale marketing plan. Given that there are always a number of other dry cleaners in most markets, it is imperative that it is showcased how this dry-cleaning business will differentiate itself from other competitors in the market. We frequently discuss ancillary revenue stream such as
tailoring as well as pickup and drop-off services that can be offered.
During the time we have been in business, we have developed more than 2400 custom business plans upper half of our clients. As of 2018, our clients have gone on to raise a little bit more than $600 million in capital using the suspense we've developed. If you're interested in having a business plan professionally written, please contact us at 646-216-9844 or through the contact us form on the website.