Investment from $90,386

How Much Does It Cost to start a Laundry franchise

Dry cleaning of clothes and laundry service is in steady demand. Though many modern garments can be washed by machines at an own house, some fabrics need special care and professional chemical cleaning. Customers turn to laundry franchises for washing fur and leather clothing, wedding dresses, coats and jackets, and much more. Both residents and commercial entities turn to professional establishments for laundry and dry cleaning services. Numerous dry cleaning franchises have an agreement with various companies that guarantees a constant demand and a stable income. The service is popular with hotel, manufacturing, costume rental, and sports businesses.

During the pandemic, the industry of dry cleaning experienced some difficulties with the market demand, but still was profitable. Today, when the demand is off the charts, and delivery has become available, the profitability of the industry enhanced significantly. Franchising offers more to entrepreneurs in terms of ready-made business solutions, like operation model, technology and software, than an independent business.

A laundry franchise is an affordable business venture. Its cost is rather low in comparison with other types of franchises. On average, entrepreneurs can find franchise opportunities for under only $50,000. There are also options that can reach $100,000 in initial investment.

How to start a dry cleaning franchises

Dry cleaning franchises are simpler and quicker to start than independent enterprises. Besides, it is simpler to receive financing for a franchise, as banks and other lenders are more inclined to fund enterprises that operate under well-known brands. Franchisees receive help and assistance with all operating aspects, and the parent company is committed to the success of each franchise owner, so it presents you with necessary technologies and means for running a business. Establishing a new business venture is always scary, but with a franchise you get reduced risks and a ready-made business model. Before deciding on investing in this or that franchise, it is preferable to first analyze your own abilities and interests. Look through the franchise package you’re interested in, and contact our experts to embark on your ownership path.

Fees and taxes

There are some fees and taxes involved in running a franchise. Usually, it is a monthly royalty fee, and some marketing fees. The exact amount is established by each brand individually. So, when choosing a franchise system, get acquainted with all existing fees that you would have to cover.

Trends and facts about laundry franchises in 2023

  • Some fabrics and garments can be too delicate for washing-machines, that’s where dry cleaning franchises come to the aid. These professional establishments have proper means and technologies for cleaning even the most advanced cases.
  • Franchises specializing in dry cleaning typically offer customers an option to go to the enterprise to bring clothes and other things for professional cleaning, and pick-up and delivery as well.
  • Dry cleaning and laundry is a multi-billion industry, which means that the demand for these services is rather high.
  • Even though almost every household owns a washing machine, there is no doubt that dry cleaning franchises are still very much needed, as there are garments, rugs, upholstery materials that could be cleaned only by professionals utilizing certain chemicals.
  • A laundry franchise comes with a recognizable branding that encourages consumers to turn to them rather than unknown independent businesses.
  • Franchise systems specializing in laundry and dry cleaning have a hard-earned reputation and trust of its customers, so franchise owners do not have to worry as much about advertising of their unit, as its name is already familiar to customers.
  • Parent companies make sure that franchised units adhere to business and financial regulations, so franchisees can concentrate on providing quality service to customers rather than worrying about law compliance.
  • Laundry franchises offer a variety of services, so there are several revenue sources involved that can greatly influence the income of a franchise owner.