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Are you an entrepreneur who wants to own a startup with a proven model of success? Or do you simply want to enter into a low-risk business that's booming in the market at the current time? Well, the dry-cleaning industry can be a good option for the likes of you. The laundry cleaning industry has come a long way from coin-operated public washing facilities to personally owned washing machines. And now, the trend of on-demand cleaning services has become a widespread trend with pick and drop service. This includes dry-cleaning. Thus, we are here to provide you with some of the reasons why you should get into the dry-cleaning business.
Reasons to Choose Dry Cleaning Industry
Fast Growing Industry
In the past years, the dry-cleaning industry has had a compound annual growth rate of about 8.7%. And last year's market reports state that the laundry industry is expected to go from $93 billion to $127 billion in the next 3 years. By 2027, the business is expected to grow at a steady CAGR rate of 3.4%. With customers spending more and more on these kinds of services as their living standards increase, the future seems bright for the dry-cleaning business. So you should definitely look into a startup in the dry-cleaning laundry service for quick business growth.
Recession-proof & Broad Industry
Even when the world is hit with an all-time high price of fuel, people will need their clothes washed and cleaned. Thus, dry cleaning services are one of those recession-proof businesses. It has also grown to serve a wide range of people with its diversifying service options like pick up and drop and quick access laundry lockers.
Low Maintenance Business
Other than restocking your chemical supplies and timely machinery check, you won't have to worry much about the business going haywire without your intervention. Just make sure your customers are receiving their ordered services on time with quality, and you are all good.
Business With The Lowest Set-Up Cost
Dry-cleaning business is the kind to give you high returns even with low investments. Although it depends entirely on the type of business model you choose, a dry-cleaning startup doesn't require a hefty amount to be paid to get started. You will just need the lease for land and machinery unless it is home-based, and some business tax registrations. And you are all set to have a daily profit of about $200, with half its cost as an investment.
It is also the right time to go eco-friendly with your services and make it your USP. With the growing competition in the business, environment-conscious customers tend to look for services that don't make them contribute negatively to nature. Thus, you can opt for leaving fewer carbon footprints by the use of greener practices and biodegradable cleaning solvents like liquid silicone. It is soft on fabrics as well as good with nature. Invest in technologies that use less water to save natural resources.
The best part about the whole ordeal of dry-cleaning business is that it doesn't require any manual labour. The whole work is technology and machinery based. With a little effort and investment, you can even turn the whole process from bringing in clothes and delivering them to an automatically controlled one. In recent times, you can find devices equipped with state-of-the-art technologies catered especially to your business aspects and needs.
Few Final Words
Now that we have discussed all the reasons why you should enter the world of dry-cleaning business, you might have many thoughts. Feel free to research more about everything in detail as per the bullet points given above and you'll find it convincing enough to get you started on the business. Have a flourishing business ahead!
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