Why do Laundry franchises top the list of Franchising Business Opportunities?
In a fast-moving world, growing stress factors in jobs and hectic schedules have left people with very scanty time to focus on daily household chores. Laundry, needless to say, is more often than not neglected by people who rush around and this situation has opened up new 10 Laundry Franchise business opportunities in the area of laundry and dry-cleaning, which, in turn, can improve people’s lifestyles and give them more time for other important chores. It is commonly seen that hiring a regular doorstep laundry service company is more convenient than doing laundry chores at home due to the increasing electricity bills.
Much like how Ola, Uber, and Rapido are disrupting the taxi/auto/ bike ride space, and online food ordering & delivery platforms including Uber Eats, Swiggy, Zomato, Doordash, etc., are transforming the way we eat, on-demand laundry service apps are proving to be extremely convenient and hassle-free to get washing, dry cleaning and laundry are done in record time through app or website, or placing a call. There are a number of laundry-based startups with different business models that are already operating in the laundry space, offering door-to-door pick and drop usually with free delivery. The use of innovative technologies, supported by a team of dedicated professionals, is changing the laundry area into a highly organized sector.
Size of the Market
The size of the Indian laundry service market was USD 35.83 Billion in FY2020 and is projected to expand at a CAGR of 4.96 percent through FY2026 due to the rising working-class segment and increasing disposable income levels. According to a home-grown consulting agency, RedSeer, the Indian laundry market is slated to increase to $15 billion by 2025 moving upwards from $11.3 billion in 2019. The laundry market in India is both B2C and B2B, with the latter contributing to its growth at 88 percent. Coming to the B2C market, laundry cores such as washing and ironing are usually done at home, either through self or laundry services (organized or unorganized). The B2B market comprises laundry works including washing and ironing tablecloths, bedding, and towels done for the healthcare and hospitality industries by the in-house laundry team or by outsourcing them to the laundry services (organized or unorganized).
Laundry Franchise Opportunities in India
While the B2C sector in the laundry services looks promising in India considering the size of India’s population, the B2B sector is on a rapid expansion spree. Major laundry brands in India– only a handful of them offer franchise opportunities–include Press 2, German Laundry, Washmart, The Swiss Laundry, Fabricspa, Big Laundry, UClean, Tumble dry, DhobiLite, The Laundry Basket, Wassup, Aap Ka Dhobi, PickMyLaundry, Urban Dhobi, Dirk Da Dhobi, Doormint, Tooler, Laundry Anna, et al. The B2B sector offers maximum franchising opportunities for aspiring business owners, entrepreneurs and investors, considering the huge market size, high ROI and margin. Startups including Washmart, Wassup, and other brands, with a range of laundry and dry-cleaning services, already have franchising programs, taking the industry to newer heights.
These companies are expanding their laundry service franchising by expanding their presence in tier 2 and 3 cities and small towns in India through a well-established franchise network and operational efficiency. Also, successful laundry service companies boast of highly professional washermen, mostly local, and eco-partners in their team who meet customer’s needs through proper handling of the items, high-quality cleaning, quality maintenance of the fabric, and efficient and timely delivery, and competitive rates. Also, customers expect laundry service providers use eco-friendly chemicals that are environment-and-skin friendly. As a result, laundry service companies have started to adopt sustainable practices involving energy and water-saving measures and reduced operational costs.
Are you looking to start your own business with moderate investment and get higher profits? Why not check some of the best laundry service franchise business in Chennai? We, at Strategizer, offer you a range of dry cleaning or laundry franchise business opportunities in Chennai. Talk to Iyyappan Rajendran, Founder – Strategizer, and one of the leading franchise consultants in Tamilnadu today, and achieve your entrepreneurial dreams with a low-risk and proven business model.
Comments