Small business idea -How to start a small laundry business – Comprehensive Guide 2024

Small business idea

In the realm of small business ventures, starting a laundry service can be a lucrative opportunity. This comprehensive guide will delve into the intricacies of establishing and managing a small laundry business, from initial investments to daily operations and profitability.

Investments

To kickstart your small laundry business, you’ll need to make strategic investments in equipment and related expenses:

Heavy Duty Washing Machine and Spinner:

A reliable heavy-duty washing machine and spinner are essential components of your laundry setup, costing approximately Rs. 1,75,000.

Also Read… Low Cost Small Business Ideas – Success with Just Rs 50,000: 5 Superb Business Ideas

Iron Box:

Investing in a high-quality iron box is crucial for providing well-pressed garments to your customers, with an estimated cost of Rs. 10,000.

Related Expenses:

Additional expenses such as installation, setup, and minor equipment purchases may amount to around Rs. 15,000.

Working Expenses:

Allocate a budget of Rs. 50,000 for initial working expenses to cover miscellaneous costs.

Also Read… Profitable Small Business Idea – How to Make Money Selling Editable Designs Online?

Profit & Expense Projection

Daily Operations for 100 Dresses

1. Employee Salary: With an estimated salary of Rs. 1,650 per day per employee, ensure you have adequate staff to handle the laundry workload efficiently.
2. Liquid Soap: Budget approximately Rs. 100 daily for liquid soap expenses.
3. Electricity: Anticipate an electricity cost of Rs. 150 per day to power your laundry equipment.

Total Daily Expense: The cumulative daily expenses for running the laundry service amount to Rs. 2,000.

Profit Calculation: Assuming an average of 100 dresses laundered and ironed per day, with a profit of Rs. 50 per dress, your daily profit stands at Rs. 5,000.

Net Profit: Subtracting the daily expenses from the total profit yields a net profit of Rs. 3,000 per day.

Conclusion

Establishing a small laundry business requires careful planning, strategic investment, and efficient management of daily operations. By adhering to the guidelines outlined in this comprehensive guide, aspiring entrepreneurs can embark on a successful journey towards establishing a profitable and sustainable laundry service venture.

Also Read… Top 5 Home Based small Business Ideas Under 10,000 Rs

India’s No1 Digital product selling Platform : Visit Netwale