The Sudsy Bubble | Application Preview
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General Information
Business Registration Number: 87-0871350
Location: Charleston, WV, United States
Length of Operation: >1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
The funding would be used to renovate our proposed retail location, purchase new modern equipment, utility sinks, plumbing materials, electrical panel & supplies, televisions, coffee maker, vending supplies, marketing materials, advertising, and laundromat supplies.
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Business Plan
Once we are able to open the laundromat for the local residents our focus will move to expanding the number of available washers and dryers inside the building. We believe 9 of each is going to be sufficient when first starting out, but we'd like to add in more washers and dryers, provide after-hours laundry drop off services via laundry lockers, support local sports teams, and overall be involved in the community. Laundry is one of those inevitable things that we all have to deal with. I'm sure you've heard the saying "laundry today or naked tomorrow". Isn't that the truth? We understand that not everyone has access to laundry inside their home and are looking for a place that is affordable, clean, comfortable, and safe to complete this chore. In the past, I've had to use a laundromat when my washer and dryer weren't working at home. Many of our local laundromats are in areas that simply don't feel safe, in disrepair, and outright filthy. Our proposed location is in a safe, low-crime area. And, once all updates are made, we will have a very clean, modern, safe place for the residents of our community (and visitors) to come and get their clothes clean.
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Self Identified Competition
Competitor #1: Allen's Laundromat - Clendenin, WV. Allen's is located in the downtown area of Clendenin and approximately 25 minutes (12.3 miles) north of our proposed location. Allen's only offers coin-operated laundry machines, open from 8am-8pm, metered parking, and do not appear to offer any wash & fold services. Allen's is the only laundromat in the Charleston area to have any type of decent reviews mentioning both cleanliness and friendly staff. Competitor #2: Kanawha City Coin Laundry - Charleston, WV. KC Coin Laundry is located on 50th Street in Kanawha City and approximately 22 minutes (13-16 miles) from our proposed location. They appear to be open from 8:30am-8:30pm, offer coin-operated washers & dryers, appear to offer some sort of wash & fold services from their yelp reviews, and have trouble with non-working machines and rude staff members. Competitor #3: Community Dry Cleaners and Coin Laundry - Nitro, WV. They are located on Main Ave in Nitro and approximately 30 mins (25 miles) from our proposed location. They appear to be open from 8:00am-9:00pm, offer coin-operated washers & dryers, alterations, dry cleaning, and have poor reviews stating the building was very dirty. Our laundromat would not operate with coin-operated machines. Customers would have their clothing weighed and pay a fee of 75ยข per pound to use the washer and dryer. Our machines would be brand new and commercial quality, but look (and operate) just like an at-home model. This would eliminate the need for change machines, provide a more modern solution to carrying around change, and provide a smoother process for the customer from start to finish. Having machines that mimic at-home models would eliminate any confusion customers may have for operating the machine, cut down on water usage, and be more energy efficient. Additionally, we want to be involved in our local community as much as possible. We live here, work here, and our children go to school here.
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Contact Applicant
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