Shoe laundry is one of the most trending and profitable businesses these days. This industry is poised to grow in the future. According to industry experts, the global footwear industry is expected to reach $3,71.8 billion by 2020, a CAGR growth of 5.5% during the years 2015-2020.
And any individual can start this business in various ways according to his or her budget. Here, we put every detail of starting a shoe laundry business with low investment.
The shoe laundry business includes the services of collecting shoes, getting them cleaned and repaired if required, making delivery of the shoes to the client’s doorsteps, and getting the payments.
Additionally, you can offer different services like cleaning, washing, repairs, color correction, maintenance services, footwear restoration, etc.
However, this business is not perfect for rural areas and small towns. You can expect the demand for this kind of service more in the metro cities. However, you can start this business in suburban areas also.
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5 Steps to Start a Shoe Laundry Business
There are various ways of starting this business. One way is to buy a franchise of an existing shoe laundry company.
Secondly, You can also start this business from home. In this format, you must have some experience and knowledge about the business. If you have a space for operation, you can set up this business at home. In that case, you have to specify a space for washing, storage, and official work including delivery.
Thirdly, you can start a shoe laundry business from a retail store. If you can’t secure a big space, you can get a small retail place for taking orders and making delivery only. And in that case, you will need to set up the washing area in some other places.
1. Understand the Demand & Local Trends
Before starting a shoe laundry it is essential to go for detailed market research and gather information as much as possible. It will help you in getting informed about the local demand, competition level, pricing, trends, and much more.
You can use the collected information and explore the gaps and plan accordingly.
2. Calculate the Cost of Starting a Shoe Laundry
So, the investment fully depends on the business model you choose. However, you have to invest money in the purchasing of machinery, equipment, and washing ingredients.
Additionally, if you are not operating the business from home, you will need to invest to secure the place. Furthermore, there is some cost involved in manpower hiring, office equipment purchasing, packaging, etc.
Approximately, to start a shoe laundry business in India, an investment of a minimum of Rs. 1 Lac will be required.
3. Create a Shoe Laundry Business Project Plan
A business plan not only works as a roadmap to smoothly run a venture but also if you looking for funds, it is the single most important document. All investors will have a look at your project plan before actually investing. Therefore, crafting a shoe laundry business project is essential.
4. Procure Equipment
Mainly, you will need to procure a show washing machine, drying machine, etc. There are different types of machines you will get in the market. However, choose the machine according to your specific demand.
Also, there are several companies that offer customized services. Additionally, they can set up a complete shoe laundry washing room for you with every needed equipment and tools.
5. How To Promote Shoe Laundry Business
You can promote your shoe laundry in various ways. However, you must have some creative ideas for promotion.
Use packaging material with your company name printed. And clearly print the office address, contact number, and website.
Offer doorstep service. Collect the shoes from the client’s home and make the on-time delivery.
Make your business available in all the offline and online local classifieds. Additionally, promote your shoe laundry business on social media platforms.