14/10/2022
To those who wants to engage in the laundry business, here are some ideas:
How much does it cost to open a laundry business ?
Investment: ₱1,000,000 to ₱2,500,000 or more, depending on factors such as your rent, franchise cost, size and scale of your store, number of machines you will purchase, and much more.
Let's say that you need to spend ₱2.5M to launch a laundry business. Continuing from the example above, let's assume a monthly profit of ₱55,000. In this instance, it will take you at least 46 months or 3 years and 10 months to earn back what you plan to invest in the laundry business.
Good Location = High Rental Rate Expense
The single biggest factor in the success of a coin laundry is the location. Since most of your customers are going to live within a few miles of your laundromat, you'll want to consider nearby competitors, visibility, amenities, and local demographics.
To sum it up, the Laundry Business:
Investment: P1 Million to P2.5 Million
ROI= 25-35%
Payback Period: 46 months.
Take a look at Lifestyles Business:
Investment: P920K
ROI: 91%
Payback Period: 6-9 months
Lifestyles is the best business!!!
Interested? , Just send me PM or just call 09062770885
or 09062772095
