Fast Laundry and Dry Clean

Fast & Advance Services On Time

Why Choose?
After visiting market we have finally decided to choose “Dry clean and laundry
services” as business. This is the business in which we see huge opportunity to run our business.
Dry cleaning and laundry services market is huge and growing at an amazing rate. “Laundries
and dry cleaners rated in the top 10 enterprises with lowest failure rate”.
We choose this name because our customers will think that they will do laundry
on time. Fast is making the whole impact on customers that they get their clothes back very soon.

Business Motive:
You leave it, we clean it!

Type of partnership:
Type of partnership between Mr. A and Mr. B is “Partnership at will”.

Number of partners:
There are 2 partners in this business. Mr. A is the “Active partner” and Mr. B
is the “Sleeping partner”.

Capital required:
To run this business approximately four million is required.

Location of business:
Akbar road Okara (Main branch and work palace).
Others:
Faisalabad road (collection centre) and Church road (collection centre).

Building:
Main branch is the personal property of Mr. A and other two collection centers
are rented.
Ratio of owner equity and borrow:
Mr. A who is an active partner and also the owner of building contributes 40%.
Mr. B who is the sleeping partner contributes 50% and 10% borrowed from mutual friend.

Loan return:
Loan will return on quarter bases starting from after 6 months.

Interest rate:
As loan is taken from a friend so we are not paying any interest on capital
borrowed.

Profit and loss sharing ratio:

The ratio of profit and loss of Mr. A and Mr. B is 50-50 percent.

Titles of partners
Mr. A is the active partner and Mr. B is the sleeping partner.

Details of business
Dry clean and laundry involves two different processes. While both term may be use interchangeably.
Dry cleaning is the practice of cleaning clothes with special chemicals.

While laundry generally involves the use of soap, detergents and water to clean clothes. Dry cleaning
requires technical skills and is preferred when the materials to be cleaned are delicate and cannot with
stand the rough and tumble of a hand or machine-wash.
Procedure of laundry/Dry clean:
  First clothes are picked up from the customer at collection centers or their home.
 They will get receipt of their given clothes. Clothes are tagged to avoid any loss.
 After this the clothes reached to our washer man, he washed the clothes in washing extractor
(available in different weights) or by hand (if needed).
 After washing process the washer man hydro the clothes in Hydro machine.
 After hydro clothes dries to about 90 percent, only 10 percent water remains in clothes.
 After washing and drying process, the clothes are to be hung before sun.
 In the absence of sun, we used to hung them in room.
 When the clothes are fully dried up, the worker presses the clothes.
 After pressing, the clothes to be packed in polyethyne bags.
 After this, it hungs on the rack.
 Racks have their own serial numbers, to make the work process easy.
 Clothes always contains serial numbers all the times to prevent from any type of mischief from
our workers.
 The clothes from collection centre send to working place in a van.
 The clothes will return back to customers at main branch or at collection centre where they
submitted.

Special Offers:

 Door to service:
 Free pick-up and delivery service (Available on weekend).
 We have free pick-up and delivery service. We understand that many people are busy
with their daily activities. Therefore, we create this option for helping our clients.

 Discounts:
 Save 20 % on your first order.
 10 % special discount for those customers who sign membership.

Capital Usage:

 7 lacs are required for maintenance purpose.

 20 lacs are required for machinery.
 3 lacs are required to run business.
  10 lacs of transport (2 vans 5 lack each).

Machinery:

We bought:

 2 Washing extractor:

 1 Dryer/hydro:

 1 Dry cleaning machine:

 1 Steam irons:

 Steam press:
  2 Simple iron:

 Garments steamer:

These are the main machines on which laundry business depends. Total 20 lacks
are required for the machinery. Our machinery will work on both gas and
electricity during the lack of one.

Transportation:

 Two vans are required which will cost us round about 10 lacks.
 One of them for daily use and other one for weekly pick-drop service.
 Cleaning and pressed clothes will need to be hung on racks in the vehicle during
delivery to prevent them from becoming soiled or wrinkled. Since your entire
business will depend on your vehicle, it’s important to ensure that it is well
maintained and in good condition all the time.

Future prospects:
 Online system.
 Membership.
 Open branches in developing cities.

Risks and difficulties:

As business is starting up and such has less experience and begins with no market share at all.
Assertive, effective initial marketing efforts will be necessary to gain a customer base. If existing
competitors see you as a major threat and they resort to overtly aggressive and debilitating
actions it will be very difficult for us to become an established player in the market place. Risks
caused be competitors are possible, therefore the business has to monitor and evaluate its
performance frequently and collect customer evaluations and suggestions in order to continually
improve.

Strength of business:
 We provide quick and convenient service in order to save customers time.
 Offer 10 % discount as an incentive for customers who sign one year contract.

Weaknesses:
 Competition from already established competitors in okara.
 Starting at no market share at all.
 Less experience then competitors.

Keys to success:
 The business is entering the first year of operation, therefore, a comprehensive marketing
strategy will be the key to success of the business.
 It is important to remember that the target customers have money and want to be
provided high quality services, therefore, they will only use this service if they are
entirely satisfied.
 Furthermore, the hours of operation must be convenient and service completion must be
timely in order that customers are not harried after a long day working.

No of employees:
We require

 1 washer man.
 2 for iron press.
 2 for transport.
 1 skillful person for the management.
 2 men for collection centers.

Registered/ non registered:

 Our firm is registered.

Registration Process:
 We give application of registration of our laundry in a prescribed
form with a prescribed fee which is submitted to registrar of okara.
  The registrar examines the application, if he is satisfied with the
application he registers the firm and enter its name in the register of
firm.
 Then the registrar issues a certificate of registration. This completes
the procedure of registration.

Benefits of registration:
 The register firm can sue any partner of the firm.
 Registered firm can file a suit against third party for the enforcement
of rights arising from contract.
 The registration increases the good will of the firm because people
think that the details about the firm are within the registrar which can
be obtained in case of need.
 The registered firm enjoys some concession in income tax.

ADVANTAGES TO PARTNER:

 Partners of register firm can sue in the court to settle their disputes.
 The partner can sue the firm for their claims.
 In case of registered firm the new person has less doubt on becoming
a partnered because he knows that in dispute he can take help from
court.
 In case of registered firm the person who leave the firm cannot be
held responsible from the firms debts after their retirement from firm
because the record of registrar of firm will show they have left the
firm.
 Advantages of creditors; the partners of registered firm cannot deny
from the membership of firm from the creditors.
 The creditors of the firm can hold all the partners liable for the
payments of their debts due by the firm.
Partnership deeds:

 Name of Firm:
Fast Laundry and dry clean.

 Nature of Business:
Services.

 Place of business:
Akbar road Okara.

 Details of partner:

Sr. No Name of partner Address

1. Asad Younas (A) Shamsia colony, Okara
2. Shahbaz Ali (B) Qari colony, Okara

 Profit and loss sharing ratio:

The ratio of profit and loss of Mr. A and Mr. B is 50-50 percent.

 Contribution of partners:
40% is contributed by Mr. ”A”, 60% is contributed by Mr. “B”.

 Interest policies with firm:

 1% Interest will be charged from the firm by the partner on any type of loans and
advances.
 1% Interest will be charged from the partner by the firm on and type of drawings.

 Dissolution
In case of dissolution, after paying debts 40% will gives to Mr. A and 60% to Mr. B.

Mr. A Mr. B