Starting a dry cleaning business in Nigeria is a profitable venture. Since many people have busy schedules at their workplaces, most of them don’t have the time to wash clothes. As such, many of them prefer to take their clothes to Laundromats. The demand for laundry services is high in Nigeria, making it a profitable venture. You can start a laundry business as a part-time job or a full-time job. In this article, we will show you how to start a profitable laundry business in Nigeria.
Research the Market
Before starting a laundry business in Nigeria, you need to research the market. It will help you understand the market before you can launch your business. When researching the market, you need to find out where to set up your Laundromat, the market competition challenges facing the business, and how your business can stand out amongst the rest.
Write a Laundry Business Plan
Before starting a laundry business in Nigeria, you need to draft a dry cleaning business plan. If you have researched the market, it is very easy to write a business plan since it is just putting down ideas on paper. A good business plan should have the following:
- Startup costs
- Sources of business funding
- Operational requirements
- Industry analysis
- Target market
- Competition analysis
- SWOT and PEST analysis
Read more: How to write a business plan.
Identify a Good Business Location
To start a profitable dry cleaning business in Nigeria, you need to find a suitable business location. The area should be easily accessible, safe, and secure. A laundry business is best suited in residential areas and should be in a densely populated area like a town, estate, or market center. An estate, especially in high-end areas is a good place to start a dry cleaning business in Nigeria. Consider open locations near the road where people can easily notice your business when passing.
Charge Fair Prices
When setting prices for your laundry business, it is best that you set fair prices. When starting, you can charge slightly lower prices compared to your competitors to attract customers. Once your business has established customers, you can charge the same prices as your competitors. However, the best way to attract and retain customers is through excellent customer service. When customers like your services, they will refer their friends to your business.
Laundry Business Start up Cost in Nigeria
The cost of starting a laundry business in Nigeria depends on business location, the size of the business, and the equipment you intend to purchase. You can start a medium laundry business in Nigeria with N250,000. The following is laundry business cost breakdown:
- Washing machine – N200,000
- Generator – 120,000
- Ironing board – N15,000
- Clothes dry rack – N10,000
- Starch – N5,000
- Steam iron – N10,000
- Detergents – N2,000
- Miscellaneous – N10,000
Buy Equipment Needed to Start a Dry Cleaning Business in Nigeria
To start a laundry business, you need some equipment to get started. The equipment will depend on the scale of the clothes you will be cleaning. You need the following Laundromat equipment:
- Washing machine
- Washing basins
- Pressing iron
- Ironing table
- Iron box
- Garment conveyor
- Power generator
- Laundry detergent
- Clothes drying rack
- Laundry additives
- Water supply
Is Laundry Business Profitable in Nigeria?
Yes. The dry cleaning business is one of the most profitable businesses in Nigeria. The demand for dry cleaning services is high since many people have busy schedules at their workplaces and don’t have time for cleaning. As such, most people prefer to take their clothes to a Laundromat.
How much Can You Make from a Laundry Business in Nigeria?
Assume you charge N1,000 to wash a pair of suit and every day you wash 3 suits, you will be making N3,000 daily. Assuming you wash other clothes like T-shirts, trousers, jeans, and shirts, you can make at least N2,000 daily.
Therefore, in a busy location and with proper marketing, you can be making at least N5,000 daily when your business is new. Once your business has established customers, you can be making N10,000 daily and that would translate to at least N300,000 every month.
Read also: How to start Okrika business in Nigeria.
Summary of How to Start a Laundry Business in Nigeria
A laundry business is a profitable venture you can start in Nigeria. To get started, you need to research the market, write a business plan, find a good business location, purchase the necessary equipment and then launch your business. To attract new customers, you need to charge fair prices and offer excellent customer service. Then, aggressively market your business and with time, you will attract many customers to your business.