Professional Standard L.L.C. | Application Preview
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General Information
Business Registration Number: 053876341
Location: Argyle, TX, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
This funding would provide starting capital for Professional Standard, LLC to use as down payment or good faith deposit to purchase our first laundromat location. Grants would be used in addition to SBA backed loans to purchase an existing business.
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Business Plan
I seek to purchase the first laundromat, and depending on the location, increase the walk in business through adding better lighting, possibly 24-hour service, security cameras and police call boxes, as well as wash-dry-fold service in day hours. All of these services typically are overlooked in majority of small laundromat businesses, creating a devalued experience. Along with local store marketing through flyers, discount days and social media coverage, I plan to take a low performing laundromat and turn it around. My 25 years restaurant management experience has taught me proven principles of business turnarounds. I have twenty five years of career experience in managing businesses for profitability and customer count growth, at low, medium and high volume restaurant companies. I am currently a multi-unit restaurant director, managing a restaurant portfolio of 15 million dollars annual revenue. I have obtained a Diploma in Accounting, a Master's Degree in Business Administration, as well as a Master's Degree in Management to aid in my education for owning and operating successful small businesses.
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Self Identified Competition
Depending on the location, competitors vary; but in the Dallas Fort Worth market, most laundromats are single location, privately owned businesses. Little marketing is done for the sample of laundromats I have studied, in Dallas, Irving, Hurst, North Richland Hills, Fort Worth. Most rely on proximity to apartment housing and less competition to stay in business. Few have upgraded their offerings of service, security, maintenance and cleanliness to truly court business to their locations. I will offer these in superior fashion, as I have in my current industry, for the last 25 years. The life of the business is found in the soul of the operator. I have proven myself for the last quarter of a century, beginning as a line cook, working through every facet of guest service, managing costs, ensuring continuing business growth, becoming a multi unit operator today. I am where I am today in my career because I have learned how to operate a business to serve my customers in a superior fashion; to operate with the golden rule in mind, ensure profitability, while maintaining the best possible experience for my customers. I have established long term regulars in the communities my restaurants serve, who now bring in their children and grandchildren to enjoy the businesses I manage.
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Contact Applicant
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