How to get a Franchise of U Clean Laundry ? Franchise Cost, Profit in 2023
U Clean Laundry was founded by Arunabh Singha in Delhi. He launched the company in January 2017. Now it is the biggest laundromat chain in India and its franchise outlets in over 15 cities all over India. The company has opened up physical stores, basically Brick-and-Mortar stores.
The store had all the equipment available to them like laundromat machines and ironing equipment and everything to satisfy the customers' laundry needs.
Now, U Clean has spread its reach from a single store to a 50 franchise outlets company over 15 cities over the nation. The concept of laundry as a business was new to the Indian market. Singha did his best to expand his business model, he met with a lot of investors. He recalls that he met around 30 new investors but none of them were willing to come in to deal with U Clean.
Read More: Top 10 Laundry Franchise in India
Singha then decided he would approach the local market for help. His strategy was to acquire customers who were already aware of the market. The company was recognized as Small Business of the Year as well as Fastest Growing Franchise Brand in the year 2017 by MSME.
The company generated a revenue of 8 crore during its initial year. With the rise of franchisees, the profit margin has grown at 30-35% per annum.
U Clean Laundry is a growing business with great potential. The company is targeting to spread across 50 cities and set up more than 500 stores across the cities. The revenue of the company is also increasing steadily which also poses a great benefit to the franchises.
The laundry industry is relatively new to the market, resulting in consistent demand from customers, and with limited competition, it presents a broad opportunity for growth.
It can be easily estimated that by starting up a franchise in the laundry one can easily earn around Rs. 35,000 to Rs. 50,000. Opening a laundry franchise can be an excellent investment opportunity for those looking to start a business in the laundry industry. With the right approach, it has the potential to generate high profits for franchise owners in the long run.
What does Indian Market Hold For Laundry Services?
The laundry market in India has seen significant growth over the years, currently standing at a worth of Rs. 20,000 crores. This market is expected to continue growing at a rate of 7.5% over the next five years, indicating a broad and sustained demand for laundry services in the country.
How to get a Franchise of U clean?
Owning a franchise for U Clean Laundry can now be considered a very good option. This is mainly because of less competition and a completely new market that is making a profit.
To get a U Clean Laundry franchise for the top laundry company namely U Clean Laundry, the franchisee must own a commercial space with a minimum of 300-350 sq ft of area. Although, the profitability of the business indeed depends on the location of the store.
In recent years, U Clean Laundry has seen a remarkable increase in revenue, ranging from 25% to 30% annually, which can be attributed to the steady growth in profits. This growth has helped the company establish a strong foothold in the market and has proven to be a testament to the quality of its services.
Investment Details: Franchise cost & fees for U Clean Laundry Franchise
U Clean Laundry is one of the best laundry companies in India. The company is supported by strong technology and processes. The entire vision of U Clean is based upon making the lives of the customers comfortable.
The investment requirements for such a franchise are:
At initial the company charges Rs. 10 lacs to 20 lacs out of which Rs. 5,00,000 goes onto brand fees. The company charges a royalty of 7%.
The U Clean Laundry, a laundry business that was launched in 2017, began selling its franchise in 2017.
Benefits of a U Clean Laundry Franchise
The U Clean Laundry company provides training to its franchisees. They give them manuals about the company's operations. The franchisees are called upon the headquarters of U Clean which is in Delhi. Here the training is initiated. In training the franchisor gives them expert guidance from the head office in opening the franchise. Also, the technology used by the company in operating its services.
Generally, the agreement for a franchise lasts for 5 years. It is renewable although there will be additional charges for renewing.
Things to consider before opting a U Clean Laundry Franchise
Site Selection
For a Laundromat, a prime location would be an area with high foot traffic and a low-speed limit that attracts the attention of passersby.
Equipment
Typically, when starting a business, the cost of acquiring equipment is paid as an initial investment. In this case, the franchisor takes on the responsibility of providing all the necessary technical assistance and technology required for the business to operate.
This can be a significant advantage for the franchisee, as it allows them to focus on other aspects of the business while ensuring that they have access to all the tools and resources they need to succeed.
Marketing and Advertisement
Marketing for the store will be handled by the franchisor.The responsibility of advertising and marketing for the store will be taken care of by the franchisor.
They will be responsible for promoting the store and its products or services to the target audience, as well as developing and implementing marketing strategies to increase sales and revenue.
Is it a good Investment - Why Invest in U Clean Franchise?
In recent years, the laundry industry has emerged as a completely new market. Despite being relatively new, this sector offers a significantly high profit margin, making it apopular option for entrepreneurs. Therefore, starting a franchise in this sector can prove to be very profitable.
Moreover, partnering with a well-established and reputable company like U Clean Laundry can lead to even greater profits. As the highest revenue-earning laundromat in India, U Clean Laundry has already established itself as a leader in the industry, and its franchisees can benefit from its brand recognition and established business practices.
Overall, the laundry industry presents a promising opportunity for entrepreneurs looking to start a profitable business, and partnering with a company like U Clean Laundry can help ensure success.
Disclaimer: The information provided in this post is for general informational purposes only and does not constitute professional advice. Please consult a qualified professional before making any decisions based on this content.
