31.08.2019
 Avfeasibility Research on Creating a Laundry Business in Poblacion 7, Dumaguete Town Essay

INTRODUCTION

Performing the laundry has long been one common household task that most of us find time-consuming, as well as exhausting. The daybreak of the labanderas brought a huge sigh of relief from people who had to do the laundry every day. Together with the passing of time, technology took over. The creation of the washer brought about a new dimension to washing clothing faster and easier. Additional developments managed to get more powerful and effective. To create an edge within the labanderas, business owners harnessed this opportunity of providing quicker laundry services by creating laundry businesses.

A laundry business includes an establishment that provides laundry services, just like washing, important, and foldable, as well as dried cleaning solutions to the outfits and other clothing of its customers. It utilizes washing machines and dryers, as well as dry cleaning equipment, in performing this kind of services.

Over the past number of years, there has been a rise in the number of laundry businesses throughout Dumaguete Town, as confirmed by the information kept by the Department of Trade and Industry. Because an celebrated university town, the number of students entering the town each year features provided a stable stream of customers for these laundry businesses. More specifically, those college students staying in boarding houses and dormitories function as major buyers for the industry simply because they usually terribly lack the time or the facilities to do their own laundry.

Together with the current demand for laundry services, it is no wonder that laundry businesses are appearing all over the city. One of those who want to try a turn in this industry is Mr. Randolf Navarro. Mr. Navarro, a citizen of Dumaguete, plans to acquire his individual laundry organization in his home located in Poblacion 7, near the new PHCCI Key Office by San Jose Extension seeing that no laundry shops have already been put up inside the area for capturing the potential industry.

Primarily, this project is intended for the study of the feasibility of Mr. Navarro's developed business, " Stop ‘n Wash”. Significant aspects that will be considered include how it can be able to run in the market, just how it may differ from other laundry shops inside the city and what its condition will probably be within a decade following its formation.

TASK SUMMARY

Term of the Organization

Initially, Mister. Randolf Navarro had two possible brands for the proposed laundry business – " Laundry Stop” and " End n' Wash”. He at some point opted for " Stop n' Wash”, to be able to unify and associate it with the established market of his existing sari-sari shop, " End n' Shop”, as well as his soon-to-open net shop, " Stop no Surf”. Per the study of in the list of business labels in the recognized website in the Department of Trade and Industry, there are no existing businesses with all the same name.

Objective in the Study

This study should assess the suggested laundry organization so as to supply the proponent with information about whether it is feasible or not. This includes whether the proposed laundry business would be eco friendly, while attaining profit or perhaps incurring damage with the recommended rates and operating several hours, among others.

Short Description in the Study

Scope

This study indicates the feasibility of the organized laundry organization of Mister. Randolf Navarro, which attempts to answer the primary question about the pursuit of this kind of idea. Component to it is the economical feasibility, which is the evaluation of the total costs to incur intended for the suggested project (including all costs on purchase of equipment and operation) plus the potential revenues that the task is likely to make. Other things included happen to be identifying market competition and potential marketplaces, determining it is technical feasibility, as well as identifying the company structure with the business. The study also addresses some legal responsibilities of the business enterprise pursuant to its institution. The group intends to help Mr. Randolf Navarro in determining if the business is going to succeed...