A Feasibility Study on the Establishment of Love’vahan on the Go in 23-B Mother Ignacia St.Brgy. South Triangle, Quezon City

Abstract

Every now and then, people used to wear clothes and laundry has been cleaned in a traditional way where rivers are useful for them and wash clothes by stepping and pounding it with large stone. Love’vahan on the go is the proposed business of the researchers. It is a laundry business that offers washing clothes with free pick-up and delivery. This concept was made by the researchers for the customers’ convenience. In order to determine the feasibility of the business, the researcher’s collected the data that corresponds to the problem through different methods. Conducting survey and questionnaire were made through qualitative research. The questionnaire were given randomly to 100 respondents from the age range of 18-45 and above around the area. Financial analysis also used to know the financial capability of the business. Moreover, location site analysis was also conducted to determine if the area is suitable to the laundry type of business. The survey results was collected and analyzed by the researchers. This study found out that the male person ages from 26-30 are the potential customer of the business for they are busy and no time to wash their clothes personally. When it comes to location of the business, survey results show that 100% agreed that it is visible and suitable to the market. The financial statement of this study also shows that the Return on Investment (ROI) reached 11.59% on its first year of operation and will continue to increase on the following year. Improve service awareness to provide the best service to customers. So that, the customers themselves will be able to do the word of mouth, where the business will gain new customers. The love’vahan on the go expect for addition of products and services to offer in the market and expect to expand based on the general assumption and to adapt new and advance technology, machineries and equipment that will be used for the business operation.