How can you assess if a business is really the one you want? There’s a lot of factors to consider right? But I guess one way is to check how much would be your potential profit in a certain business. Determining the Break Even point is also an important factor for you to know what is your minimum target to at least break even.
Based on 2012 updated rates of utilities and monthly bills, a 50kg to 55kg average sales per day will get you to your break even point. This is considering a monthly rent which is quite decent in a Metro Manila setting.
When you average 75kg laundry services per day, you can already earn a decent N10,000/day on an approximate. N10,000 might be small for some of you, but considering a business with small capital, this is considerable. I always tell our laundry seminar attendees to imagine if you already have 10 branches. That would mean you will be earning N100,000 per day.
An average laundry shop today with a nice location and are well managed averages around 100kg to 120kg per day. If this is the case, they are earning a decent N25,000 to N30,000 per day. Not bad for a small scaled business. Some laundry shops even averages 150kg daily and if you hit this, which is very achievable, you will begin earning N50,000 per day. I have watch Chestnaz Laundry and Drycleaning Grow from a small business to a huge enterprise, and it took me only 6 month to accomplish that.
Now, are you excited?
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