Cost and Financing
The cost to start a dry cleaning business ranges from $50,000 to $1.5 million. Financing options include small business loans and grants. Essential expenses are equipment, rental space, inventory, and licenses. Used equipment can reduce costs.
Profitability and Investment
Profitability depends on customer volume, where revenue can exceed $200 daily with costs under $100. Understanding costs and profitability is key for a successful dry cleaning business investment.
Starting a Dry Cleaning Business
First, find an ideal location near a population that spends on dry cleaning. Register as an LLC or corporation. Essential expenses include equipment and proper staff training. Registering and proper staff training are crucial before opening.
The dry cleaning industry reached $8 billion in 2021 revenue but faces increased competition. An efficient small operation earning $200 daily revenue with costs under $100 can make at least $30,000 profit. Franchise costs range from $10,000 to $50,000 with ongoing support. Workers earn $19,000 to $35,000 based on education, averaging $26,600.