A successful dry cleaning business can certainly be a satisfying and financially rewarding small business. It is a relatively recession-proof business that can provide you with additional income through services such as dry cleaning delivery, alterations and clothing repair.
A well-run dry cleaning business can provide predicable, and steady income; however, the decision to devote oneself to this undertaking should not be taken lightly. Machinery alone can cost about $150,000, and other up front expenses such as a storefront and other necessary business equipment including furniture and supplies can add up to a significant start-up investment.
The following is a checklist of considerations to make when starting a dry cleaning business:
- A business plan: This business plan will help you outline everything you have to do and provide you with an idea of how to reach your goals. A business plan will also help you share your ideas with potential investors who may provide you with the capital needed to start your business, including the direct financing and leasing for all types of new and used essential dry cleaning equipment.
- Location, location, location:Despite a perfect business plan, excellent service and impeccable customer relations, convenience can be the sole reason for a customer deciding to choose your dry cleaners over the competition. Select a location that is easily accessible from a major roadway, with plenty of customer parking. Choosing a location that is near other amenities, such as restaurants or shopping, can be a way to introduce new customers to your business and ensure their return.
- Licensing, permits, and insurance: The dry cleaning industry is affected by a number of major environmental regulations. Different methods of dry cleaning require various kinds of equipment, and if you choose to do your cleaning on-site, the method you use may be dictated by your store location. Make sure you adhere to all local, state, and federal guidelines.
- Dry cleaning experience: Understanding the day-to-day inner workings of a dry cleaning business is essential to having a successful business. It is important to either have extensive working experience in a dry cleaning environment, or have the ability to hire someone to manage your business that has that depth of experience.
- Equipment: When starting a dry cleaning business, you can buy new or used machinery, or you can lease equipment. Dry cleaning requires specialty equipment, and you will need to invest in a variety of machines such as conveyors, laundry hot leads, foam finishers, shirt finishers, and other machinery.
Liberty Financial Group offers the freedom to help your business grow by providing direct financing and leasing for all types of new and used essential commercial equipment. Liberty Financial Group has the capability to fund technology equipment (computer hardware and software, telecommunication and office automation), industrial equipment (dry cleaning machinery) medical equipment (x-ray, laboratory, dental equipment, and surgical equipment) and more.
Our representatives will work closely with you to create financing or leasing programs which best meet your specific needs relative to the dry cleaning business. To learn more call today 1-888-883-4480 or email sales@libertyfg.com
