How to Start a Lucrative Laundry and Dry Cleaning Business In Nigeria

How to start a laundry and dry cleaning business In Nigeria

A dry cleaning business is a very profitable one and very valuable to many people. There is always a need for dry cleaning, for items like clothing and household items. This business is a very feasible business in many locations across the country. Starting a dry cleaning business can be a very fun and exciting way to win a business. The dry cleaning business is profitable if implemented with the right plan and strategy.

Dry Cleaning Business Plan

Gather Experience:

Firstly, try getting a job in an existing dry cleaning shop. Try to work and gain experience for a few months or even a year. This will help you gain an overview of the business and also determine if it is the right business for you. Know that working in an existing dry cleaning or laundry shop will expose you to valuable skills that can help you when you start your own. While working in an existing laundry shop, you’ll learn a lot especially the cost of equipment and cost of service. You’ll also learn how to interact with customers better.
If you are not interested in a dry cleaning business, try doing some thorough research. Read frequently online to learn what it takes to run a dry cleaning business. You can read books from the library and also ask questions to experienced people in the industry.

Market Research:

There is a probability that you’ll have a difficult time starting a dry cleaning business if you are new in the market. Analyze the census data to determine the number of people in your area. With the help of the internet, you can search for the number of dry cleaning businesses exist in your community. For those living in a rural area, you can locally scot-out the number of business in the area or ask around. Because you wouldn’t want to start a new business in an overcrowded market.

Decide On A Location & Model:

Before opening your business, you’ll want to figure out the location in advance. Ensure to factor in the cost of renting a storefront. In the course of deciding on a business model, you must also put delivery into consideration. Brand yourself by Setting-up an alternative dry cleaning business that offers home delivery services. If you decide to attach delivery to your dry cleaning business, you’ll need a reputable driver and reliable transportation. This step also requires you deciding whether to not you’ll hire an employee and how big your staff will be. I’ll advise you venture into green dry cleaning business.

Write A Business Plan

This entails an outline of your formal declaration of your goals and plans to achieve those goals. The template will serve as a structure of the business. It may necessary to secure funding if you are interested in taking a loan.

Opening Your Business

Secure Funds

After setting a budget and must have calculated your projected profit, you’ll need to secure funding’s to launch your business off the ground. The amount you will need will depend on the location you tend to operate your business. As well as the kind of equipment you intend to use.
There is a possibility you start a dry cleaning business for under N 200,000 ($ 550), but some high-end industry equipment can cost N 500,000 ($1,371) or more.

Obtaining the Necessary Permits & License:

Every business needs a form of permit and license to operate. You’ll definitely need a special permit to operate a dry cleaning business. You’ll probably need to renew your license and permits on a ready.
You'll need a special permit and license to operate a dry cleaning business and you'll probably need to renew your license and permit on a regular basis.

Rent or Purchase Equipment:

Before running a dry cleaning business, you’ll definitely need to consider dry cleaning equipment’s. This can be quite expensive, but buying fake/cheap equipment could end up increasing your costs to pay for repairs or replacements. Endeavor to buy your equipment’s from a reputable equipment manufacturing company. Consider buying working equipment from a dry cleaner that is going out of business.

Hire A Staff:

Prudently, go for the best and experienced staff, someone who knows how to work at a dry cleaning business. Note that you have to select a well-behaved person because of customer related matters in this line of business.

Market Your Business:

Creating awareness is a very crucial aspect of a business. Marketing your new dry cleaning business is very essential in bringing in customers. You can make use of posters and cheap roadside billboards for a start. However, social media allows businesses to advertise for free and engage with prospective customers. With social media marketing, you can narrow your advertisement down to your location or broaden it to any geographical area of your choosing. You can even offer special discounts or coupons through social media, which would encourage customers to follow your business online.

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