Overview of Laundry Sector
The laundry sector includes services such as coin-operated laundromats, pick-up, delivery, and dry cleaning, catering to various customers like individuals, families, and businesses.
Starting a Laundry Business
Prepare a budget of at least P250,000 to P400,000 as capital for whichever business type you choose.
Profitability of Laundry Business
Laundromats can earn between $40,000 to $200,000 per year, whereas full-service laundries can earn between $100,000 to $1,000,000 per year. Profits depend on factors such as location and competition.
Location’s Impact on Earnings
Select a suitable business entity early on. Laundromats average $500 daily revenue, with some making $1000 with marketing. Revenues average $300,000, and location plays a significant role in earnings.
Laundry Business Location
A good location for a laundry business is in a residential area where people can afford the services. Consider areas with travel hostels, backpacker lodges, urban housing, boarding houses, rented houses, and educational locations to attract customers.