In addition to commercial space at a suitable location, the business requires commercial-strength washers and dryers.
Do you need a sample laundry business plan template or feasibility study? Do you want to know what it takes to build a successful laundry business? If YES, then i advice you read on. A laundry business, also known as a dry cleaning business can be an easy and profitable business to start.
There are many aspects of laundry businesses that you can engage yourself in, which includes dry cleaning franchises, home-based laundry, etc. Many people have a tight schedule, so they consider it a waste of time doing their laundry.
This is the reason why you stand a chance of making a lot of money because this people will definitely seek your services. You are your own boss. One of the wonderful advantages of establishing your own laundry business remains that you will have freedom to do your things your own way.
Consider your Financial Resources Starting a laundry business may or may not be capital intensive; depending on the scale you are starting on.
You may decide to get a franchise to reduce the level of risk but this may result in lesser control over your business and additional overhead in the form of royalties and all other expenses. Yet, a franchise is a nice option because of its marketing and operational benefits, among others.
However, you can start this business right from home especially when you have little or no money. It will be a wise decision to first and foremost take out time to conduct detailed cost analysis before investing your time and money into the business idea.
The truth is that some businesses fail simply because proper cost analysis was not carried out prior to starting the business. As a matter of fact, some entrepreneurs back — out after conducting detailed cost analysis of the business they intend starting.
In some cases some entrepreneur would have to go back to the drawing board to re — strategize and perhaps raise more money to finance the business. Consequently, if you intend starting your own laundry business, it will be to your best interest to conduct a detailed cost analysis before starting the business.
Conducting cost analysis will basically give you the total cost of starting and running a laundry business in your chosen location. The report you get from your cost analysis will help you set realistic financial goal for your business starting cost and running cost.
Let us examine a detailed cost analysis for starting a laundry business; The Cost of Registering the Business-: The cost of registering business varies from country to country. You can confirm from the corporate affairs commissions of your country to get the exact amount required in registering a business.
The Cost of Renting or Leasing a Facility-: The truth is that the cost of renting or leasing facilities varies from country to country and even from location to location within the same country and state.
For example; if you want to rent a decent facility for your laundry business in Lagos state, Nigeria, you will pay an annual rent within the range ofnaira tonaira 1, to 2, USD in most part of the city.
Basically you would need a washing machine, dryer, industrial iron, pressing table, generator, shelve and hangers, supply of detergents, starch, bleach and nylon. The cost of these items varies slightly in different countries and cities in the world.
On the average, you are supposed to budget within the range ofnaira tonaira 2, to 3, USD. It could be more and it could be less due to some changing market factors.
Salaries for a Minimum of 3 People-: Another cost you should consider if you want to conduct detailed cost analysis for your laundry business, is the cost of paying salaries for a minimum of 3 people for a period of 6 months.
The 3 employees basically will be the washer man, the person that handles ironing of clothes and the pick — up and delivery person; you can handle any of the duties along side administrative and other oversight roles if you intend cutting cost.
Just like most of the cost listed above, salaries of employees vary from country to country. Taking Nigeria as a case study, an average employee that works in a dry cleaning firm earns about 25, to 40, naira per month to USD.
Since you are budgeting for 3 people for a period of 6 months, i. Regarding tax and payment of bill, it also varies. There are factors that determine the amount of tax you are to pay in your country, it is important to make enquiries from the nearest tax office around you.
You should also factor the cost of bill payments when conducting cost analysis for your laundry business. You are expected to pay basic utility bills power, water and other bills unique to the location where you intend starting your laundry business.
The General Running Cost and Miscellaneous-:A written business plan can keep your growth on track, guiding your expansion in a secure way. In addition, a laundromat requires a significant upfront cash outlay.
If you are seeking financing, your business plan is absolutely essential. LAUNDROMAT BUSINESS PLAN SAMPLE PDF / DOC. Executive Summary Laundromat business is a full-scale universal laundry services that details washing, drying, ironing and folding.
In the Laundromat process we use state of the art laundry machines and technologies to provide customers with premium quality laundry services at a . Laundromat Business Plan This is a Laundromat sample business plan in which the proprietor of a part-time flea market business proposes a new business venture.
This individual desires to . First, check out a sample business plan for a laundromat or dry cleaning service.
These, and hundreds more sample business plans, are included in LivePlan. It's the fastest way to create a business plan for your business. Sample Laundromat Business Plan Template – Executive Summary Las Vegas City Laundromat is a registered Laundromat facility that was built to serve the people of Las Vegas- especially the busy corporate executives and students.
Jul 25, · Start-up costs for a laundromat can be high. In addition to commercial space at a suitable location, the business requires commercial-strength washers and dryers.