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How Do You Assess A Laundry Business For Sale?

Charlie soap

anne Said,March 22nd, 2011
hi monette,
my god parents recently bought an existing laundry that with 2 pairs of washers for 350,000 it has 60k monthly gross profit.
in my own opinion 350 is really big for just 2 pairs of old machines and the place lang.aside from that wala namang ibang gamit except for the old stuffs like steam iron,iron stand,shelving and hampers.
they cant manage the shop well so they ask for my help and hire me to manage the shop.
they have been operating it for a month now with no profit abunado pa nga.
rental fee 19,000
laborer fee 10,000
water bill 3,000
electric bill 5,000
please help me to figure out if this one is really hopeless case or may chance pa na mapalakas.hope you can help me thank you.

Hi Ann,
Agree with you, the business bought by your godparents is expensive.

Here are the things we need to check in buying a business:

    1. Ask the reason for selling.

    1. How many machines included? How old are the machines? Are they all in running condition?

    1. How about the rental deposit? Is it included in the price cost? How much is the rental?
    1. Lastly, the finances? How much is it earning for the last six months? How much is the gross revenue?
    1. Somethings I might have forgotten, but the four things mentioned above are the most important.
  • With these things in mind, we should be able to assess wether the business is worthy of buying, and as mentioned on the price quoted.

    Now, since the business is there already, we might as well try hard to pull it up.

    Here are the things you can do:

    1. Flyering
    1. Introduce free pick up and deliver
    1. Introduce promo
    1. Take the name of your customers, so you can ask for feedback, and/or ask when they’d want their laundry to be picked up.
    1. Lastly, monitor the flow of the business everyday. If possible be visible to the customer. Make a connection and maintain it for the business.
      With that in mind, you should be able to do something to pull the business up and prevent it from shutting down.
  • I hope it’s not too late.

    Good luck!

     
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    Bath Towel Pricing For Corporate Accounts

    grich3679 Said,  
    Hi, Ms. Etten. On this note, what is your recommended price per piece for spa items (e.g. bath-face-hand towels, bath robes, bed sheets, shorts)?


    Hi Grich,
    If you can pull it off at 40 per kilo, base the price per piece at Php40, then it would be a good deal.
    Running price for corporate though is Php20 per kilo depending on the volume regardless whether it’s a heavy or light material.

    null

    theresa_bc Said,  
    hello po mam monette… ask lan po ako.. may nagpalaba po ng mga 40 bath towels sa akin which i priced at 15/piece (wherein they delivered the goods at 930 am and picked up at 3pm agad!), resort po sila at since their regular laundry service only delivers once a week and nauubusan daw sila ng mga towels… is it ok if i charge them per kilo for the towels or is it better for a per piece pricing? kaya lang wala na akong time na i air dry pa kasi nga rush…d po ba ako lugi non? thanks po mam…


    Assuming weight of bath towel is 1 kilo based on your information that the institution is resort, I would say php15 is very low, especially if they like the items delivered same day. Even corporate had to give you enough lead time to process, otherwise quality would suffer. If they would agree,price per kilo at Php25 is just fair.

     
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    MARCH Laundry Business Schedule, Manila Area Now CLOSED


    Schedule of the next seminar is MARCH 12,2011 – MANILA AREA

    It will start 2:00 pm onwards till end of open forum

    For the seminar, here are the topics to be discussed:

    -Start up capitalization
    -Feasibility Study
    -Setting Up of the Laundry Shop( lay out)
    -Dry cleaning Procedure
    -Marketing Strategies
    -How to’s on the Operational Procedure
    -Stain removal Procedure
    -Forms and Fliers

    Bonus topics:

    -How to make your own Fabric softener and fabric freshener to make your business more profitable!
    SUPPLIERS ALSO PROVIDED

    Modules will be given out for the seminar
    Open forum at the end of the seminar

    Location of the seminar is on site:
    Mr. Laundry Shoppe
    12 Mayor Ignacio Santos Diaz St. FORMER BANAHAW ST. Cubao, Q.C.

    Seminar Fee is P2100.-

    Early Bird Promo if you reserve on or before FEBRUARY 27,2011. Fee is P1800.-
    If you pay on the seminar date itself, fee is P2500.00

    Payments are accepted through bank deposit.

    BANCO DE ORO ACCOUNT NUMBER 2330002102 SAVINGS ACCOUNT

    ACCOUNT NAME – MARIA MONINA SANTOS

    PLEASE TEXT AFTER DEPOSIT SO I CAN CONFIRM AND REGISTER YOUR NAME AND RESERVE YOUR SLOT.
    We require pre-payment please..NO PAYMENT, NO RESERVATION
    There’s VERY LIMITED slots available, so please reserve early.

    You can txt at CEL # 09228267515; 09491596940
    LANDLINE # 3477515 FOR QUERIES

    BTW, meal is served is served.

    Hope to see you there!

    Have a nice day everyone!

     
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    Industry Practice On Corporate Pick Up And Deliver

    Hi Anne,
    Sorry I’m in a hurry to post this, so please check my comments below at the end of every question,

    Enjoy!

    Anne Said,January 22nd, 2011 @6:44 pm 
    Hi, Ms. Monette.
    Thank you for being generous in sharing your thoughts, ideas, and insights to others who would like to be or who are already in the laundry business.
    I am currently servicing an institutional client who requires pick up and delivery services for their handwash items.
    The distance from my shop to their location is about 8.5km. For the two (2) roundtrips I make per job request (Total = 34km), I am spending about P200 on fuel and P90 on parking fees. I also spend an average of 2.0 manhours for those trips — inclusive of travel, waiting, and processing time.
    I charge them a minimum of P500 for laundry services plus P300 for pick up and delivery charges per job request.

    – What is the industry practice for this kind of scenario?

    There’s really no industry practice that I know of but if you are to ask me, we did same practice as yours with our corporate account. Depending on the expense we incur, we usually charge the minimum of Php500.00 for every trip to and from from our client. Of course we always hope to get higher amount of transaction. Now if I got it right you said you charge them minimum Php500 excluding pick up and delivery. I think that’s fair enough as long as you’re not short with your expense.

    – What is the ideal and feasible distance from one’s shop to his/her client’s location?

    The basis for feasibility is the minimum charge. If the client agrees with the minimum charge, well and good. If you make a good profit with the minimum charge then much better.

    – How much in monetary value or how many kg is the minimum per industry standard for pick up and delivery services?

    It would all depend on the distance. The farther the pick up point the higher.

    – What are the normal pick up and delivery hours (e.g. 9AM-6PM)?

    It actually varies depending on the schedule of the client. Ours was early in the morning up to noon. Processing is done at the rest of the day.

    I hope I was able to help.

    Live, love and make a difference!

     
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    CEBU Laundry Business Seminar, Now Open For Reservation!

    Schedule of the next seminar is JANUARY 29,2011

    It will start 11:00 am to 4:00 pm or till end of open forum

    For the seminar, here are the topics to be discussed:

    -Start up capitalization
    -Feasibility Study
    -Setting Up of the Laundry Shop( lay out)
    -Dry cleaning Procedure
    -Marketing Strategies
    -How to’s on the Operational Procedure
    -Stain removal Procedure
    -Forms and Fliers

    Bonus topics:
    -How to make your own Fabric softener and fabric freshener
    to make your business more profitable!

    Modules will be given out during the seminar

    Open forum at the end of the seminar

    Location of the seminar:
    MAX’S RESTAURANT
    SM Cebu North Reclamation Area, Cebu City

    Seminar Fee is P2800.-
    Early Bird Promo if you reserve on or before JANUARY 15 ,2011. Fee is P2500.-
    PAY 2 DAYS BEFORE SEMINAR DATE
    If you pay on the seminar date itself, fee is P3000.-
    For those interested, you can make your payment thru bank:

    BDO ACCOUNT NUMBER 2330002102
    NAME: MARIA MONINA SANTOS
    SAVINGS ACCOUNT
    We require pre-payment please..NO PAYMENT, NO RESERVATION
    There’s LIMITED slots available, so please reserve early.

    You can also txt at 09228267515
    BTW, snacks and lunch are served.

    SEE YOU THERE!

     
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