The laundry business, often known as the dry cleaning business, involves the washing, drying, and ironing of garments and other textile materials for individuals or businesses. It is an extremely profitable, low-risk business that anyone may start. You can start small and work your way up. You can run it as a part-time or full-time business. You can start and grow a successful laundry business on a shoestring budget.
With Nigeria’s population growing by the year and most people being overworked, the laundry business is becoming increasingly vital. The typical person departs early in the morning and returns late at night. Most people work on Saturdays, and Sunday is the sole day off. Even on Sunday, however, there are various responsibilities to attend to. The busy schedule makes it difficult to find time to wash garments. That is where the laundry service comes in.
Everyone enjoys wearing clean, pressed clothes. It is very vital while heading out to work or to special occasions. As a result, a dry cleaning will always be required. It is a critical business.
The good news is that you can start a laundry business with no money! Even if you do not own a kobo! You can begin by providing home service. We’ll go into that later, as well as how to start your own washing service.
Requirements to start laundry business In Nigeria
To start a laundry business in Nigeria, consider these key requirements:
- Business Plan: Outline your business structure, target market, services offered, and financial projections.
- Legal Requirements: Register your business with the Corporate Affairs Commission (CAC) and obtain any necessary licenses or permits.
- Location: Choose a strategic location accessible to your target market with sufficient space for washing, drying, and ironing.
- Equipment: Invest in quality laundry equipment, such as washing machines, dryers, and ironing facilities.
- Supplies: Source detergents, fabric softeners, and other cleaning supplies in bulk to save costs.
How much money can you make with a laundry business?
Depending on how you set up and develop your laundry service, you can make a lot of money. However, for the purposes of this post, let’s look at how much money you may make running your own washing service.
Assume you charge N500 for washing and ironing a shirt. You can charge more or less depending on where your business is located. You wash around 20 shirts in a day. That is N10,000 divided by 20.
Assume you also wash suits and charge N1500 for this service. You can wash up to ten suits in a single day. That is N15, 000 multiplied by 10 x 1500.
According to the above, cleaning shirts and suits might earn you N25, 500 per day. That works out to N175,000 per week and N700,000 per month.
But this is only a sneak peak. You can make ten times as much or even less. Everything is dependent on how you handle your firm. You can earn millions of dollars per month.
How to Start a Profitable Laundry Business in Nigeria
To start a washing business in Nigeria, complete the procedures below:
1. Locate a suitable place.
A suitable location is critical for your washing business. The location of your firm might be extremely beneficial. It is best to choose an area with less competitors. It would be ideal if you could locate a location with less competition from major competitors. However, it should not be a write-off because good service can gain you clients.
Consider open-air areas. Places near the road where people passing by can see and notice your business. That means the location should be busy, with people arriving and going from work.
It should be in residential areas, or places where people live. An estate is an excellent location, but it should be at a busy intersection.
Also, keep in mind that your geographical location can have an impact on how much you charge. If your site is in a high-income neighborhood, you will charge a higher price. Your rent, however, will be greater.
2. Register your company and obtain all necessary receipts.
Operating a dry cleaning business may necessitate the registration of your company and the acquisition of certain permits. However, this will be highly dependent on location. While dry cleaning business regulation is customary in the Western world, it is not in Nigeria. However, you may still be required to register.
You may be required to pay levies depending on your region. Like the local government levy and all. Find out and make sure you settle everything to avoid any disruptions in the operation of your washing business.
3. Purchase the equipment required to start a laundry business.
The next step is to get the equipment you’ll need to start your washing service. The equipment you purchase will be determined by the scale at which you intend to operate. If you do not have the funds to purchase the larger pieces of equipment, you can begin with the smaller pieces. If you cannot afford a washing machine, you can choose to wash by hand and then purchase ironing supplies, soaps, and other products.
4. Provide extra services
To increase your profit, you can offer extra services such as washing bed linens, curtains, rug carpets, and other household items in addition to washing clothes.
5. Promote your company
At this time, your company is fully operational. You should concentrate on marketing your company. This is what will attract clients and ultimately help you make money. Don’t ignore it; invest a lot of effort into marketing.
Here are some ideas for marketing your washing business:
- Put up a sign outside your shop to let people know what you do.
- Make use of social media. People spend the majority of their time on social media these days, so why not use it to market your business?
- Provide promotions and discounts. People love discounts, so offer a 20% discount.
- Print posters and distribute them in your neighborhood.
- Through word of mouth. Inform those you know, and ask them to help you inform their friends.
- Make home deliveries and pick-ups. You can offer to pick up garments and deliver them once they’ve been washed; all your customers have to do is call you
In conclusion, venturing into the laundry business in Nigeria can be a lucrative and rewarding endeavor, provided you carefully navigate through the initial stages. By crafting a comprehensive business plan, adhering to legal requirements, securing a suitable location, investing in quality equipment, and implementing effective marketing strategies, you can establish a thriving laundry business. The key lies in maintaining a commitment to quality service, customer satisfaction, and operational efficiency. Stay attuned to market trends, continuously improve your services, and foster positive relationships within the community to ensure the long-term success of your laundry business in Nigeria. With dedication, strategic planning, and attention to detail, you can not only meet the demands of the thriving laundry market but also carve a niche for yourself in this competitive industry.