Laundry & Dry Cleaning Business

Open a laundry and dry cleaning service targeting corporate professionals, hotels, and restaurants. Weekly collection and return service builds a loyal, paying subscriber base.

Monthly Potential

₦20k–₦60k

Difficulty

Intermediate

Capital Needed

₦50,000

Income Period

Per Day

🧠 Skills You'll Need

Recurring Service Daily Cash

📍 Works Best In

Lagos Abuja Port Harcourt Nationwide

🚀 How to Get Started

1

Buy: industrial washing machine (₦80k–₦200k) or use commercial laundry (₦500–₦2000/load)
2

Set up collection service: pick up on Monday, return Wednesday
3

Target: corporate estates where workers have no time, hotels for staff uniforms, restaurants for napkins
4

Charge: shirts ₦500–₦1000, suits ₦2000–₦5000, duvet ₦3000–₦8000
5

Add express service: 24-hour return at 50% premium — professionals gladly pay this

🎓 Sign Up Free to Get Laundry & Dry Cleaning Business Course

💰 Ways to Fund This

SMEDAN Programmes (free registration, training, grant windows)

₦0–₦3,000,000

Government Fund

Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.

📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.

🌐 Apply

NIRSAL Microfinance Bank — Targeted Credit Facility (TCF)

₦50,000–₦25,000,000

Microloan

Nigerian household, micro-enterprise, or small business; originally COVID-era, has continued as a general SME/household facility — confirm current status before applying.

📊 5% per annum interest — among the cheapest business credit available in Nigeria.

🌐 Apply

Bank of Agriculture (BOA)

₦50,000–₦5,000,000

Government Fund

Nigerian farmer, agro-processor, or agribusiness owner, including aggregators; scheme-specific eligibility varies.

📊 Subsidized agricultural lending rates — confirm current terms per scheme.

🌐 Apply

LSETF (Lagos State Employment Trust Fund)

₦50,000–₦1,000,000

Government Fund

Lagos State resident, business plan required, typically for registered or registering small businesses.

📊 Low/subsidized interest rates for qualifying Lagos-based entrepreneurs — confirm current scheme terms.

🌐 Apply

⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.