If ‘How to start a laundry business UK?’ is your question, you’re about to find an answer with this blog. To be precise, Laundry will remain in business for as long as clean clothes are in demand (like forever!). Some can afford a washer and dryer together while many can’t. Also, it is a daunting task to do laundry for commercial setups which opens the door for laundry as a business. All of this is better said than done until you know how to get things done.
Starting a Laundry Business has some crucial steps and we’ll guide you with the same.
7-Step Process on How to Start a Laundry Business
Choose the kind of laundry business you wish to start
Before you begin with this niche, you need to do a bit of research. It’s great if you’re clear with your business goals but if not, you should write things down and explore the basics of laundry as a business. For instance, you’ll need to answer to the type of laundry (commercial or domestic) business you’re willing to do. What kind of services you’ll offer? Will you grow laundry pickup & delivery service too? These are a few things to clarify before proceeding with this business.
Pick an Impactful Name & Entity for Laundry Business
There isn’t anything in the name that only Shakespeare believes. Laundry Entrepreneurship will take a good amount of effort for choosing a business name that makes an impact. It should be unique, attractive & easily memorable. At the same time, easy to pronounce and clear in its respects – people should get that you’re a laundry biz. Note down all the ideas that come to your mind, brainstorm with search engines, and seek help from your loved ones too.
Next comes choosing to legally structure the business. Starting a business isn’t enough, you’ll also have to emphasize how you’ll pay taxes, the way you’ll be organizing your business, and some associated risks, etc. This step has a lot of things – sole proprietorship, partnership, registering as a limited liability firm, and so on. It’s better to seek help from a tax professional or a business lawyer for further guidance.
Strategize your Business
To start your business, you need to write a comprehensive business plan of around 30 to 50 pages. You can use a template or create it from scratch. The plan should include a summary, business type, structure, key employees, and a market analysis showcasing demand, competitors, and target customers. Financial information, startup capital, funding options, and revenue projections should also be included.
Register your Laundry business with HM Revenue and Customs (HMRC)
You must register your business with HMRC by going through the website or call their helpline number to register for taxes such as VAT (if applicable), National Insurance, and PAYE (Pay As You Earn) for employees. You can list as a solo trader or a Limited firm. Also, you need to register your business name and business details.
Go with the right location
After completing the initial groundwork for your laundry biz, it’s time to focus on finding a suitable location. While smaller operations can be home-based for drop-off/pickup services, commercial spaces are generally preferred. Remember that a laundry setup requires specific plumbing and water line connections, which may incur expenses. The overall startup cost will depend on various factors, with the physical space being a significant investment.
Estimate costs of utilities and equipment
Laundry Machines in UK Costs typically range from £1,000 to £5,000 or more, depending on size and features. Industrial-sized machines with larger capacities can be more expensive. Dryer costs range from £1,000 to £4,000 or more, depending on capacity and features.
List out equipment need to start a laundry business. And consider this with the space available to you. The essential equipment (depending on your business size) includes washers and dryers as basics. Additionally, you may go for any of the following, as suitable:
- Laundry carts
- Soap dispensers
- Vending machines
- Security cameras
- Credit card payment system
- Axcess IT Cleantouch EPOS(because, why not? You’ll need an all-rounder manager for in-house management, analysis, and daily transactions & operation processing.)
Open a business checking account
Before you open the doors for customers, here’s a final step to check. Open a business checking account to easily classify your business and personal finances. Furthermore, it’ll help in protecting personal assets in case your business undergoes any legal action. You’ll also set up a good credit score for your business this way.
Bonus: Market your laundry business as much as you can!
Setting up a laundry biz for the commercial or domestic audience is one part and marketing your business is another. You can score more clients by spreading the word online using digital marketing channels. A lot of social media platforms are here to choose from and so are the laundry marketing strategies. Alongside, SMS and Email Marketing have been irreplaceable for obvious reasons. You can target new customers and win loyal ones back with effective marketing campaigns. For instance, CleanTouch EPOS has a unique marketing feature that allows Laundry Shop owners to run monthly campaigns with exclusive offers and discounts for customers. It’s a winning strategy to attract customers without hiring a marketing team.
Get, Set, Go!
You seem all prepared with the keys to starting a laundry business successfully. We’ve shared details that fit both – domestic and commercial laundry setups. With all the initial steps implemented as desired, you’ll also need a way to streamline in-house business processing, daily transaction handling, customer retention, marketing, etc. And it is way too cool if this can be done along with accurate analytics of business using a single software – Cleantouch EPOS. Feel free to explore more on how to Grow your Laundry business & skyrocket your revenue with Axcess IT – Cleantouch EPOS. Get some tips and laundry business ideas that’ll add value to your startup.