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82   •   Business Plans that Work

                Lazybones Company Section



                              SECTION 3: COMPANY AND
                               PRODUCT DESCRIPTION


                                 3.1  Company Today
               Company name, right
                  up front.      Lazybones has been in operation since 1993, when it first
               Concise description   opened at the University of Wisconsin, Madison. Lazybones
             of its milestones . . . been in   Syracuse opened in 1999, and Boston, Massachusetts,
              operations for over 15
             years . . .  implying success in   and Boulder, Colorado, locations opened in August 2008.
             both operation and scaling of   Over the past 15 years Lazybones has refined, organized,
                the opportunity.
                                   expanded and streamlined its systems and its product mix in
                                 order to maximize its revenues and net margins and to
               Where it operates.
                                 accommodate absentee ownership.
                                 Services

               Concise description   Lazybones provides premium quality pickup and delivery
             of the business concept. The
             next few paragraphs go into   laundry to college students, offering semester packages
             greater detail on its services.  based on a pound limit. Upfront fees cover a student for one
                                 pickup each week of a semester up to a specified limit of
                  laundry. Amounts over this limit are billed per pound. Pound limits are in 5-pound
                  increments between 10 and 25 pounds per week. Lazybones does offer service in
                  other ways: block of pounds packages (e.g., 100-, 200-, or 300-pound blocks) to
                  be used at the purchaser’s discretion with escalating discounts; and service by the
                  pound without limits.
                    Laundry is picked up, separated into lights and darks, washed with top-quality
                  liquid detergent and fabric softeners, dried, meticulously folded, packaged in
                  brown paper, and delivered within 24 hours of pickup. Special requests for certain
                  items, such as air drying or low-heat drying, or using hypoallergenic detergents or
                  softeners, are handled at the customer’s request.
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