+ All Categories
Home > Documents > Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe...

Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe...

Date post: 20-Mar-2018
Category:
Upload: phamxuyen
View: 218 times
Download: 5 times
Share this document with a friend
22
Project Summary In this chapter, the group presents the highlights, descriptive definition, long- range objectives, feasibility criteria, history and basic conclusions of studying the business viability of “Biba Lavendera” laundry shop. A. Name of the Enterprise Biba Lavandera Laundry Shop A business name is one of the most essential things to be prepared in starting a business. Biba Lavandera as the primary name of the business, originated from the noun word “bibo” that means smart or bubbly. It is used to refer a person that is active and has energy. “lavandera” came upon the suggestion of Professor Patriarca as it appeals more to the target audience. Biba Lavendera somehow gives an extraordinary attention The name “Biba Lavandera” is unique, simple and easy to remember. People will easily visualize what the business is about and it will aid to their memory. It includes the information that the business does and can easily be understood by various target market.
Transcript
Page 1: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Project Summary

In this chapter, the group presents the highlights, descriptive definition, long- range

objectives, feasibility criteria, history and basic conclusions of studying the business viability of

“Biba Lavendera” laundry shop.

A. Name of the Enterprise

Biba Lavandera Laundry Shop

A business name is one of the most essential things to be prepared in starting a business.

Biba Lavandera as the primary name of the business, originated from the noun word “bibo” that

means smart or bubbly. It is used to refer a person that is active and has energy. “lavandera”

came upon the suggestion of Professor Patriarca as it appeals more to the target audience. Biba

Lavendera somehow gives an extraordinary attention

The name “Biba Lavandera” is unique, simple and easy to remember. People will easily

visualize what the business is about and it will aid to their memory. It includes the information

that the business does and can easily be understood by various target market.

The business logo shows a bubbly girl to represent Biba, a sun to denote a bright day for

doing laundry with the name of the enterprise. The colors used are on the light shades to be more

attractive and leave a clean and fresh image.

Page 2: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

B. Location

The location of the business is at Blk 79 lot 3 Ginseng Road, Robinsons Homes East Bgy.

San Jose, Antipolo City. Biba Lavandera is inside the Robinsons Homes. Basically, the business

is intended for the residents of the community because not all the residents have house helpers to

do the laundry. Many residents are working and they are too busy to do the laundry so this kind

of business is good enough for the people inside the community. The lot measures 24 sq2 and the

laundry shop is expected to occupy 16 sq2. Originally, the location was occupied by a salon. The

rates of renting the place range from 3,000php to 4,500php a month since it is located on the

main road; hence it projects a higher rate. The cost of renting the place is good enough for the

productivity of the business because it is easily seen by the target audience.

The main location is near the Robinsons clubhouse, the chapel and the main gate so it is

accessible for all the residents of the subdivision. An efficient site for “Biba Lavandera” is seen

in the community because the need for an instant way to clean the resident’s clothes is high. The

village is in the city so raw materials and other utilities will be available for the business owners.

This is the map of the whole Robinsons Homes East which has approximately 3, 400-4,000

occupied houses (from wikimapia).

Page 3: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

This is the exact location of the business inside the Robinsons Homes.

Page 4: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

C. Description of the Project

Primarily, the project is intended for the residents of Robinsons Homes and not in line

with any other government advocacies. However, this may support a clean living which is aimed

by the Department of Health but this project is basically to help the residents lessen their

workload and ensure that their clothes are clean. It does not support any political aspects of the

government or other organizations in the community.

Biba Lavandera significantly acts a helper for the people who does not have enough time

to do the laundry. It will be managed by a partnership who is a resident of the community.

Through that, the target market is rest assured that the owners of the business adhere to what they

need to get full satisfaction. It is a very good idea to put up a laundry shop in the subdivision

because it also gives the mothers or the ones responsible for doing the laundry, an extra time to

bond with other family members or do other productive things. Instead of doing the laundry that

is tiring, people could just deposit their clothes in the shop and wait for it to get done. More time

and effort will be saved by the residents and perhaps, it could be spent on other household

chores, doing paper works and other.

This project will be managed by the people who know the feeling of being unsatisfied

with what results they get from doing the laundry at home. The owners thought of more

advantages and benefits that their co- residents will get from having their dirty clothes and stuffs

done in an easy manner. The use of technology today should be able to respond to the needs and

wants of the customers. In that case, a laundry shop is the answer to the need for clean clothes in

less time, less cost and less effort.

D. Long- range Objectives

To be able to expand the business in other areas of the community in its three operating

years.

To gain 50% of loyal customers in a year.

To dominate the market in the community and define the edge of Biba Lavandera laundry

shop from its competitor inside the subdivision in six months time.

To establish a good brand to customers and gain brand loyalty in its first three months of

operation by prevailing a socially responsible enterprise.

To increase profits in half a year’s time.

Page 5: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

E. Feasibility Criteria

As a socially responsible business, it adheres to the responsibility of having a good

impact on the environment. Profitability is not just the major aim of the project but also to be a

socially responsible business by promoting a healthy environment in a simple way of wearing

clean clothes. According to Renteria (2007), a laundry industry is a recession- proof industry

because everyone has dirty clothes. A laundry business has been a sleeper and has also stayed

well below the radar, but profitability is very visible in this kind of business.

Judging the viability of the project, it is important to consider aspects like how it is able

to operate in the market, how it differs from other laundry shops inside the subdivision and how

long it stays in spite of the competition. Its profitability can not be judged on the first months of

its operation though, because this kind of industry gives higher cash returns if it attracts

customers in a long- run basis.

F. Highlights of the Project

i. History

The project came about the thought of a business partnership between the group members

originating from a water refilling station up to the laundry shop. Thinking of what business to put

up that suit inside the Robinsons Homes is really the main thing. A water refilling station may be

viable in the location however a lot of competitors are already operating inside the community so

the group though of a different business where in the target audience could focus their attention

into; and that is a laundry shop.

Laundry shops are seen to be a need for the residents of the community. This kind of

business does not require much effort for the customers and the business owners as well. For the

customers, it is as easy as leaving their dirty clothes in the shop and return after it is done. For

the business owners, hiring few employees that would manage the business is just the only task

to do. Employees will be needed for operating the laundry machines. Thus, the group thought of

this kind of business for practicability and demand from the target audience. It will be a good

help for meeting the customer’s expectations through satisfying their needs and wants.

Page 6: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

ii. Project Timetable Status

The project is expected to be in operation for ten years and be able to be promoted to a

different stage at a later time such as extending a detergent store near the laundry shop. The

business will still be operational after the expected year; however the focus of the business will

be more on the expansion of the industry.

Presently, the business is in the stage of introducing a new brand in the market. A

laundry shop is not new in the market though so product innovation and sales management are

important in order for the business to grow. The launching of the business has to be unique and

catchy to attract prospects in the future and develop a loyalty for the brand.

iii. Nature of the Industry

Laundry industry is a strong and energetic business. Also, what makes it more appealing

to the market is the fact that this steadfast service industry continues to grow and succeed. The

demographic trends toward an even greater dwelling segment of the population forecast

continued success.

The biggest threat for the business is the competition. Considering that the business site is

inside a subdivision, it is possible that other businessmen would think of putting up the same

business and hence, the market will be more segmented and it yields a smaller target market for

the laundry shop. However in the long- run, the business will not just dominate the whole

subdivision but will also extend to other places like the nearby subdivisions near the Antipolo

church and probably other areas like Taytay, Cainta or Pasig.

Laundry shops are easily managed through the use of new technology. It lessens the time

and effort that are spent in getting the clothes cleaned. The normal time spent in getting dirty

clothes cleaned is like two hours depending on the number of clothes to be washed and its sizes.

However, the laundry industry belongs to the service industry where the product is primarily the

service given to the customers. Take note of the service, it comprises of the use of detergent

soaps to be used for the clothes, the water consumption, space to be saved by the customers in

hanging their clothes to dry and the electricity that can be saved for ironing them. Generally, this

kind of industry is really seen on the go for the target audience because of convenience and

practicability.

Page 7: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

iv. Mode of Financing and Investment costs

The mode of financing will be from the partnership of Alburo sisters. It will come from

the savings of both and this business will be their primary investment. A laundry shop is a not

big business that needs an extravagant capital so there is no need to borrow from the bank or a

lending company. The partners chose to finance the business because it will lessen the cost of

interests.

The estimated cost of the total business is ????????????. Funds will be allocated as

follows (php):

Store rental

Total price of the equipments (approx)

Maintenance

Store renovation

Manpower

Total

(a detailed analysis of costs will be further discussed on the following chapters)

v. Investment costs

G. Major Assumptions and Summary of Findings

i. Market Feasibility

ii. Technical Feasibility

iii. Financial Feasibility

iv. Socio- economic Feasibility

v. Management Feasibility

H. Conclusion of the Study

Page 8: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Market Study

This chapter covers the most important part of the project that intends to define the size,

nature and growth of the demand for the product, description and price of the product, supply

situation, nature of competition, different marketing factors affecting the market of the product

and the marketing program needed.

A. Product Description

B. Demand- Supply Analysis

C. 4 P’s Study

D. Factors Affecting the Market

E. Survey Results

F. Analysis of Data Gathered

G. Conclusions and Recommendations

Technical Study

In this chapter, the group presents the products, manufacturing process, plant size and production

schedule, machinery and equipment, plant location and layout, building facilities and the raw material and

supplies for the operation of “Biba Lavandera” laundry shop.

A. Services

Biba Lavandera will be providing customers with the following laundry services: Wash,

Dry, Fold (WDF), Pressing, Hand Wash, and Dry Cleaning services.

Wash, Dry,Fold or WDF is the most common sought service from a laundry shop. This

service provides basic machine washing and drying; and folding for customers’ clothes,

comforters, towels, curtains and seat covers with or without foam. This process is done with the

aid of washing machines and dryers. Washing machines perform several rinses after the main

wash to remove most of the detergent. Then, the clothing would be placed on a clothes dryer or

tumble dryer that is used to remove moisture from a load of clothing and other textiles. Then, the

clothes or garments would be manually folded and bagged for pick up for the customers.

Pressing or Ironing or smoothing is the work of using a heated tool, or tools, such as an

iron to remove wrinkles from fabric. Ironing works by loosening the bonds between the long-

chain polymer molecules in the fibers of the material. While the molecules are hot, the fibers are

straightened by the weight of the iron, and they hold their new shape as they cool. Some fabrics,

Page 9: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

such as cotton, require the addition of water to loosen the intermolecular bonds. Aside from this,

ironing may also be used as a germ/parasite killing hygienic operation. Most ironing is done on

an ironing board, a small, portable, foldable table with a heat resistant top. Some commercial-

grade ironing boards incorporate a heating element and a pedal-operated vacuum to pull air

through the board and dry the garment. But technology has paved its way in improving the

traditional iron to steam irons which allow pressing without an ironing board.

Hand Washing is the traditional manual cleaning of clothes. Some delicate clothing pieces

require gentle cleansing, thus the need for hand washing service. The laundry worker would

wash the specified clothing one by one by hand and bar soap and the clothing would also be air-

dryed before it could be folded.

Dry Cleaning is a cleaning process for clothing and textiles using an organic solvent

rather than water. The solvent used is typically tetrachloroethylene (perchloroethylene),

abbreviated "perc" in the industry and "dry-cleaning fluid" by the public. Dry cleaning is

necessary for cleaning items which would otherwise be damaged by water and soap or detergent.

The cleaning process of dry cleaning is more time consuming compared to the usual wash, dry,

fold process, but there are clothing that requires such service like gowns and barongs, coats,

suits, dresses, jackets, caps and neckties. The international GINETEX laundry symbol for dry

cleaning is a circle. It may have a letter P inside to indicate perchloroethylene solvent, or a letter

F inside to indicate a hydrocarbon solvent. A bar underneath the circle indicates that only mild

cleaning processes should be used. A crossed out empty circle indicates that no dry cleaning is

permitted.

Page 10: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

B. Manufacturing Process

There are different processes involved in a laundry business depending on the specified

service ordered by the customer and the service required with the type of garment or fabric. We

also have the International Washing Symbols to refer to in washing the clothes to assure the

customers that their clothing is handled in the best way by a customer-satisfaction oriented

business.

INITIAL PROCESS IN ACQUISITION OF GARMENTS

Page 11: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Wash Dry Fold Service Per 10 Kilo Wash Load

For Thin Garments including For Thick Garments such as

Bed Sheets, Curtains, Towels and Blankets and Comforters.

Seat Covers with or without Foam.

Page 12: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Pressing Service

Hand Washing Process

Page 13: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

DRY CLEANING PROCESS

C. Plant Size and Production Schedule

D. Machinery and Equipment

Machineries

2 Whilpool Topload Washers Model : 4PWTW5905

Features:

27”Super Capacity Plus

10.5 Kg. Dry Linen Capacity

Fully Automatic Washer with Silver Panel

Exta Roll Action Agitator

MagiClean Lint Filter

Polypropylene Outer Tub

Page 14: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Direct Drive System

Extra Rinse Option

Self Balancing Basket and Tub

Rat-Proof Base

Tripod Suspension System

Specicifations:

MODEL 4PWTW5905

LOAD CAPACITY 10.5 Kgs.

WASHER TYPE Top Load

SPIN CAPACITY 10.5 Kgs.

SPIN SPEED 650 rpm

NO. OF WASH PROGRAMS 9 cycles

SoakWash FUNCTIONS No

EXTRA RINSE Yes

TURBO PERFORMANCE No

WATER USAGE per WASH 87 Liters

AGITATOR Yes

CONTROL TYPE Push Button / Knob

WASH WATTAGE 880W

COLOR Biscuit/White

NET DIMENSIONS (h:w:d) in inches 42.5 X 27 X 26.5

POWER SOURCE 220V / 60Hz

NET WEIGHT 72 Kgs.

GROSS WEIGHT 78 Kgs.

2 Whirlpool Dryers Model : 4PWED5905

Page 15: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

Features:

10.5 KG. Fully Automatic Electric Dryer with Silver Panel

Automatic Dry

Gentle Heat System

Removable Lint Filter

End-of-Cycle Signal

Wrinkle ShieldTM Option

Quiet Dry Noise Reduction

SpillGuardTM Top

Specifications:

MODEL .4PWED5905

LOAD CAPACITY 10.5 Kgs

NO. OF CYCLES AND OPTIONS 8 Cycles

NO.OF TEMPERATURE SETTINGS 4

ACCUDRY SENSOR DRYING Automatic Dry

REMOVABLE LINT FILTER Top Mounted

CONTROL TYPE Push Button and Knob

MATERIAL AND FINISH Enamel, Powder Coated

POWER SOURCE 220V / 60Hz

WATTAGE 5400W

COLOR Biscuit / White

NET DIMENSIONS (h:w:d) in inches 42.5 X 29 X 28

NET WEIGHT 53 Kgs.

GROSS WEIGHT 56 Kgs.

1 Dry Cleaner

E. Plant Location

F. Plant Layout

G. Building Facilities

Page 16: Name of Business - Bright Hubimages.brighthub.com/media/3D2FF6_feasibility-study... · Web viewThe demographic trends toward an even greater dwelling segment of the population forecast

H. Raw Materials and Supplies

I. Utilities

J. Waste Disposal

K. Production Cost

i. Direct Materials

ii. Direct Labor

iii. Manufacturing Overhead

L. Plant Organization

M. Appendices

i. Plant Layout/ Equipment

ii. Equipment flow sheet

iii. Equipment listing and cost

iv. Utilities calculation

v. Plant facilities breakdown of cost

vi. Projected cost of production

Socio- Economic Study

A. Socio- Economic Benefits

i. Employment and Income

ii. Taxes

iii. Supply of commodities

iv. Demand for materials

Organization and Management Study

A. Formulation of Goals and Objectives

B. Basic Considerations

C. Forms of Ownership

D. Organizational Chart

E. Officers and Key Personnel

F. Project Schedule

Environmental Impact Analysis

Recommendation


Recommended