Short 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.
Public Laundry
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.
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