Laundry Business in Nigeria

The total size of the laundry industry is estimated at more than 30 million tons a year and the growth rate is at 6%. The industry has a considerable growth potential since the external environment demonstrates more opportunities than threats.
Growth is dependent on critical success factors of individual laundry entities; these include amongst others:

Capacity
Affordable pricing to ensure financial sustainability
Market access: penetration and acquisition of market share
Focusing on specific niche markets
Efficiency and effectiveness
There is currently a movement for eco-friendly technology/ processes

The market is ever ready the business has a low overhead which makes profit high.. A market model of getting fixed revenue can be created, this can be achieved by getting customers that will pay a fixed amount for a range of clothes monthly for example having 10 customers pay N10,000 monthly that's average N100,000 from fixed revenue monthly.


The industry features a number of established laundry businesses and these are growing at a fast pace. The laundry industry also has numerous self-service Laundromats which are mostly found in shopping districts. They feature machines that are coin – operated and require the client to supply their own washing powder and fabric softener. Players in the industry consist of large, medium and small dry cleaning and laundry service businesses. Large corporate laundry businesses serve large institutions that require a constant flow of clean linen, uniforms and other garments. They serve entities such as hospitals, hotels, and other government departments. Medium players mostly include the dry cleaning and laundry service built within major shopping malls. Lastly, small players include neighborhood dry cleaning and laundry service businesses.

The current barriers/ challenges facing the industry include:

The lack of competent and skilled employees
The availability of qualified and experienced laundry manager
Capital availability
Equipment and capacity (maintenance/ technical issues)

The capital constraint can be solved by first having a written business plan where all the nitty-gritty of the business are detailed.. The Business Plan documents can be sent to prospective investors,family and friends,venture capitalist etc


If you are a budding entrepreneur that has interest in this kind of business and needs a well written and detailed business plan that will perform a dual function of raising capital and strategy formulation.. Kindly contact me via whatsapp 08032298246