Hi, if you are reading this blog, I am sure that you’re looking to whether you should buy dry cleaning or a laundry franchise. No doubt dry cleaning and laundry is a profitable businesses everywhere in the world. But before I answered this question you have to understand some things.
When To buy a dry cleaning and laundry franchise?
Before you buy a franchise, you should ask yourself several questions. Number one is doing you really want to do this business even if its franchise was not available. If Yes go for a franchise. Number two, are you getting a Return on effort and Return on investment at the right time? Number Three, do they provide your training as well as trained staff to you and the most important
DO THEY PROVIDE THE RIGHT TO RENEWAL?
RTR or right is renewal is the term in which you have the right to renew your franchise because once your shop starts making a good amount of money company doesn’t renew the FDA (Franchise disclosure agreement) and starts their own shop in your area. You will find numerous examples in play school franchises. But in the clean craft we give the right to renewal for 99 Years. You can download our franchise proposal.
If there is yes to at least 2 of them go for the franchise
Now the answerer to the question of whether
The dry cleaning and laundry business profitable in India
Well without any hesitation my answer is YES. And here is why. The dry cleaning and laundry industry is estimated to be 5200 Cr. In India. Moreover, the margin is more than 69% and India is a developing country, Most couples are working and they need someone to take care of their laundry and pressing needs. In today’s time, clothes are more designer and they cannot be washed and need to dry cleaning or wet cleaning only. So, I can say that present, as well as the future of this industry, is really good.
Is the franchise a good investment?
Whenever you are buying a laundry or dry-cleaning franchise you have to see which model you are buying. Many different companies are selling different models. Models depend on whether you are living in Tier 1 City or Tier 2 City. For example, Live Studio will not give profit in tier 3 cities or taluka places.
Also, according to opinion FOFO (Franchise owned and franchise-operated) model is best when it comes to Dry cleaning. I preferer it because it keeps quality control and also you will be able to handle a quantum of money.
Also, there is a difference between a laundromat where laundry is done and a Live studio where laundry, wet cleaning, dry cleaning, shoes cleaning, leather cleaning and sofa cleaning is done in Infront of the customer and the machine is set- up in the shop. Clean Craft is one of the first companies that was success full to making a Live studio under 25 lakh with 99% efficiency.
The franchise will be a good investment only when you chose the right model.
Final question
What should you expect while buying a laundry and dry cleaning franchise?
There are numbers of things you should expect from the company.
- Company training.
- Trained staff.
- Sop
- Marketing support.
- Technology support.
- Customer care
Very important, easy Exit Policies and what if the shop will not run, how the company will help you.
If you are satisfied with all of the above go and start your business. BEST OF LUCK
I have a dedicated blog on the franchise. I was in the franchise business for nearly 8 years and I know how company cheats their customer. If you want to know all click here to read in detail
