Story

Founders & Management Team:

Michelle Wright (CEO), an urban development specialist, and James Roberts (COO), a logistics expert, co-founded this project. The team includes sustainability consultants and operations managers.

History of Past Funding Requests:

In 2020, they raised €150,000 from angel investors to launch the first public laundry facility. The funds were used for purchasing energy-efficient laundry equipment (€80,000) and leasing a central facility (€50,000), with the remainder used for operational expenses.

Business Case:

There is a growing need for affordable, eco-friendly public laundry services in urban areas, particularly in densely populated neighborhoods. Our public laundry service uses water- and energy-efficient machines, providing an affordable and sustainable solution to a basic necessity. The global laundromat market is expected to reach €16 billion by 2027.

Shareholding Structure:

The founders hold 70% of the company (Michelle: 40%, James: 30%), with the remaining 30% held by early-stage investors.

Marketing Strategy:

We will use a combination of local community outreach and digital marketing to attract customers. Partnerships with residential buildings and local businesses will help promote our services.

Risk Mitigation:

Competition and fluctuating utility costs are potential risks. We mitigate this by using energy-efficient machines and negotiating long-term utility contracts to ensure stable costs.

Social Impact:

Our service provides affordable laundry options for low-income urban communities while reducing water and energy consumption.

Type of Investment Needed:

Equity investment to scale operations and open additional locations.

Funding Amount Required:

€200,000

Use of Funds:

• Purchase of energy-efficient machines: €80,000
• Facility setup and leasing: €50,000
• Marketing and outreach: €30,000
• Water-saving technology: €20,000
• Operational reserves: €20,000

Expected ROI:

15-20%, driven by consistent demand for laundry services in urban areas.

Payback Period:

4 years, with profitability expected in year two.