Cleaning Business Plan

COFIELDS alter SERVICE SONJI MORTON COFIELD, PROPRIETOR September 30, 2011 COFIELD CLEANING SERVICE BUSINESS innovation SUMMARY Cofield shorting Service is a start-up pedigree that reserves scant(p)ing run for residential homes. Primary serves include floor, window, and bathroom c are. The trade is seeking $5,900 for equipment, supplies, and advert. The name and address of the personal line of credit is Cofields not bad(p)up position Service 600 Hunterdale roadway Franklin, VA 23851 Phone 757-304-9401 Fax 757-304-9401 Email emailprotected com The name and address of the business proprietor is Sonji Morton Cofield 600 Hunterdale Road Franklin, VA 23851 MarketThe potential securities industry for Cofield cleanup position Service is 210 households in the hometown rural area based on her research. The fair target customer is 35 to 65 years of age and earns $45,000 or more annually. There are triplet competitors serving the area. Cofields competitive advantage is that i t can attract customers with a more individualize, professional cleaning that is Satisfaction Guaranteed. Organization Plan This business is a restore proprietorship with no employees. The proprietor get out distinguish the finances and perform the work. BUSINESS DESCRIPTION Nature of the Business Cofield clean Service is an insured, residential cleaning service.It offers cleaning service tailored to its customers needs. close customers entrusting likely request weekly cleaning. There is also a need to offer in-depth cleaning on an as-needed basis. History of the Business * no(prenominal) this is a start-up business. * Legal Structure of the Business * Sole proprietorship, Sally Sparkle, proprietor. * old Work Experience * The owner has five years of experience as an employee for Merry Maids, Inc. * Reasons the Business Will Succeed * The belief that the business exit succeed is based on the proprietors * Knowledge, experience, and determination to succeed. merchandisin g PLAN workServices provided include cleaning of floors, windows, cabinets, dishes, laundry, and furniture, and watering of houseplants. This service go out besides the customer time and energy of doing the work. The customer has the benefit of enjoying a clean and attractive home. The customer also has extra leisure time for entertain guests, enjoying hobbies, or any other activities. Start-up money testament be use for a vacuum cleaner, cleaning supplies, hand-held vacuum, buckets, rags and other miscellaneous supplies. encounter attached list and bids for equipment. Cofields cleanup position Service depart provide cleaning supplies used.Ten homes cleaned weekly per month go out bell approximately $80 per month (total) for cleaning supplies, which pass on be purchased from mass merchandisers such as Wal-Mart in Hometown. Driving to and from these homes go forth cost approximately $30 per month. Cleaning ten homes will take approximately 40 hours per week with an average cleaning time of four hours. In the next two years, Cofield Cleaning Service will expand its services to commercial customers and will pack employees to meet the new demand. Distribution Services will be instanter supplied to the end-users in their homes. IndustryThere are many new, larger homes cosmos built in the area. According to the citys building permits issued each year * 18 homes of everyplace 3000 square feet were built one year ago. * 21 homes of over 3000 square feet were built two years ago. * According to Domestic flesh out in Income Opportunities magazine, March 2011, more women were hiring cleaning services to ease the line of merchandise of their hectic lifestyles over 20% of households surveyed had hired a cleaning service, an accession of 5% from the previous year. Customers Cofield targeted customer profile includes working families. The ages range from 35 to 65 years.The average annual income is $45,000 or more. According to census reading (see attached ), from the population of 5,000 households, 21% of the households earned $45,000 or more. This means there are 1,050 customers who fit Cofields targeted profile. If 20% of these households use a cleaning service that means 210 households could be potential customers. Brilliants goal is to upright ten customers. It already has three potential customers see attached letter of intent. An average customer would use Brilliant Cleaning Service one time a week for an average cleaning time of four hours. CompetitionCofield Cleaning Services main competitors are franchised cleaning services molly Maids, Holland Road, Suffolk, VA. Strengths include name recognition and size. It has 20 employees and the largest number of customers. It is insured and the employees are bonded. Weakness is lack of consistency. A customer could have one employee clean their home one week, and have a different employee a nonher week. It charges $60 for a half-day of cleaning. Position in the Marketplace Cofield s position in the marketplace is mid-base residential. Cofields strengths include personal and professional service.Although the franchisers have strong advertising techniques, a sole proprietor has the advantage of offering more personalized service. This service gives Cofield a competitive advantage because most customers prefer the akin cleaning person for each cleaning. Cofields competitive advantage over Molly Maids is its professionalism. Brilliant is insured and the owner and employees will wear uniforms for a professional image. Because of the owners vast knowledge of houseplants, Cofields will offer to take care of houseplants as an additional service no one else offers.Image/Packaging protrude attached bids for all furtheranceal costs. * The business name is Cofields Cleaning Service. * The slogan is Professional Service By heap Who Aim to Please * The business will be operated out of the owners home. * Business cards and flyers will cost approximately $200. * magneti sed car signs will cost approximately $160. * Printed bid forms and invoices will cost $40. * Uniforms include black pants and Pink shirt with business name. Uniforms will be provided by U. S. Linen Services for $40 per month, which includes the cleaning of the uniform.Pricing Cofield will charge $45 for a half-day of cleaning. All prices will be quoted per subcontract by the size, time, and effort involved in cleaning the residence, not by an hourly rate. Brilliants fees reflect a fair market rate, and are comparable to fees charged by competitors. Marketing Goals and Objectives To start the business by November (2011) To acquire ten customers by April (2012) To earn $1,200 monthly by June (2012) Marketing Strategy Cofield Cleaning Service will follow the promotion plan below to meet its goals and objectives Specialists or ConsultantsThe sole proprietor will continue to consult monthly with a business consultant to lot up record keeping systems and receive help with monitoring th e business. The sole proprietor will use the services of Liberty Accounting Services for income tax preparation. Record Keeping, Inventory and Finances The sole proprietor will use a manual record keeping system that is a combined cash receipts and cash disbursements journal. The sole proprietor will use ledger sheets to track inventory supplies. The sole proprietor will open a business checking account at BB&T Bank, turn up in Franklin, VA. Licenses, Permits and Other RegulationsNo licenses or permits are required to operate this business. Cofields is not required to get a hazardous waste permit. specify attached letter from the State. Sales Tax Cofield will have to consume 6. 5% state gross revenue tax from customers (to be paid to the state) on all services. Cofield does not have to collect a city sales tax. indemnity Cofield Cleaning Service will get the following types of policy from All-Types of Insurance, located in Hometown, USA see attached bids Liberty MutualAuto Insu rance $600 annual premium or $200 down and monthly payments of $35 General Liability $300 annual premiumWorkers Compensation on owner $350 annual premium Payment Terms Customer payments will be accepted by cash or check, which are lay in at the end of each demarcation. Payment terms will be explained to potential customers before accepting each job. If a customer does not pay at the end of a job, future work will not be done until payment is received. After six months of being in business, Cofield will start accepting credit cards. Hours Open Cofield Cleaning Service will operate Monday through Saturday, from 900 a. m. to 600 p. m. hazard PlansThere will be one day set aside biweekly-weekly for a make-up day in case of owner illness or emergency. If the owner gets sick, she will reschedule the appointment. If the job cannot wait, the owner will clean those despite illness or will get her sister to engage in on the job. If the owner gets injured on the job, Workers Compensation w ill be available. If the owner is injured, her sister will read in until the owner can get back to work. If the owners car breaks down, she can borrow her mothers car or take a taxi. If sales are not as pass judgment and loan payments cannot be made, owner will get part-time job in the evening.The owner will also look at change magnitude promotional efforts and reducing expenses, such as uniforms. FINANCIAL PLAN * See two-year, monthly Cash-Flow Projections with List of Assumptions. * There are no Business monetary Statements since this is a start-up business. * See Personal Financial Statement. * See Personal Income and put down worksheet. START-UP EXPENSES Expense Cost VacuumsSupplies and Misc. Business cards/flyersSignsUniformsCleaning suppliesInsuranceAssumed name filingPhone depositWorking capitalTOTAL 20011020016040408502510825$2,500 Sources Owner ContributionLoanTOTAL 6001,900$2,500