Galaxy Wash | Application Preview
Galaxy Wash is seeking government grants to cover various expenses, including the down payment for a new store, startup costs, and daily operational expenses until the business can sustain itself financially. The business plan emphasizes growth through word of mouth, social media engagement, a dedicated website, and offering wash-and-fold services. Contract employees will contribute to the wash-and-fold segment, with Galaxy Wash retaining 15% of their profits to reinvest in the business.
The application argues for funding approval by highlighting the resilience of the washeteria industry, which has shown to be recession-proof and COVID-19 proof, boasting a return on investment (ROI) of 18% to 30%. Competition in the area is limited to one washeteria roughly 0.6 miles away, which has inadequate parking facilities.
Galaxy Wash's competitive advantage lies in its new store offering app-based services alongside traditional payment methods, as well as ample parking to enhance customer convenience. Its location on the main street of Deer Park, TX, next to a hair salon and numerous restaurants, further positions it for success by attracting foot traffic and providing additional customer services nearby.
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General Information
Business Registration Number: 86-1388507
Location: LaPorte, TX, United States
Length of Operation: 0
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
I will need funding to for the down payment of the store and start up cost and daily operation cost until the store can financially stand on its own.
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Business Plan
My business will generate growth by word of mouth, Facebook posting, Website, wash and fold, contract employee that will also generate wash and fold and I will keep 15% of there profits to put back into the store The washeteria industry has a proven record of being recession proof - covid-19 proof and the industry standard ROI of anywhere for 18% to 30%
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Self Identified Competition
The only competition really one other washeteria in the area. That washeteria is 0.6 miles away from my store and the parking area at the competitors store is terrible. My store will be brand new with App generated service on the machine along with the old fashion Coin & Cash. My Parking area is huge so therefore customers will not be fighting over parking and getting discouraged from that point of view. There is the "Hair Palace" right next door to my store where customers can go and get the hair cuts along with many, many restaurants near me. PLUS I'm located on the MAIN street in Deer Park, TX.
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Contact Applicant
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