Laundry business in Nigeria is very lucrative. You can make up to 1,500 per cloth in some parts of the country. Since workers are busy throughout the week, they tend to order laundry service, thereby increasing demand for dry cleaners.
Initial Capital and Setup
You can start a laundry business in Nigeria with N50,000-N100,000. However, you may need at least N500,000 to set up a standard laundry business in Nigeria. You can start with N250k or less by leaving out some tools that can be improvised. For example, a student started a laundry business in the corner of his hostel room with a 5KG washing machine costing N45,000. He used his reading table as a pressing board and began with less than N200,000.
Necessary Equipment
To start, you need the following equipment:
- Washing machine
- Drying lines
- Iron
- Ironing board
- Steam iron
- Detergents
- Hangers
- Washing bowls/basins
- Laundry baskets
- Generator
- Water pump
- Stabilizer
Expand later with more washing machines, drying machine, generator and steam irons.
Business Strategy and Expansion
To start, perform market research on target market, demography, geography and income. Consider open locations near roads where people notice your business. Charge slightly lower prices compared to competitors initially to attract customers. Provide excellent service to retain them.
Models of Laundry Business
- Self-service laundry (Laundromat)
- Drop-off laundry service
- Home pick-up and delivery service
Laundry business has potential for growth. With the population growing bigger and people getting busier, laundry services are increasingly important. Start small with the right skills and training, offer quality service and competitive pricing. Succeed by understanding the local market and having a good business plan.