After working for years in Arab countries, many Indians want to return to their country and start their own business. Recently, the earning figures of a dry cleaning shop have gone viral on social media which has surprised everyone. A user named Nalini Unagar told that the monthly profit from a small shop can be more than Rs 2 lakh. This business can be a great option for those who are skilled and know how to work hard.
Complete accounting of earnings and expenses
According to the shop’s data, about 350 clothes are pressed daily which generates an income of Rs 3,500. Apart from this, Rs 7,000 is earned daily from dry cleaning of 20 heavy clothes. Overall one day earning reaches Rs 10,500. The total income after working for 27 days in a month is Rs 2.83 lakh. Even after taking out expenses like electricity and salary of two helpers, the owner is left with a net profit of Rs 2.37 lakh. The biggest thing in this is that the shop owner has his own place so he does not have to pay rent.
Government schemes and investments for returnee migrants
The Government of India is providing many special facilities for skilled workers returning from Gulf countries. Under the SWADES scheme, help is provided in self-employment according to skill. Apart from this, an unsecured loan up to Rs 10 lakh can be taken under the Mudra Scheme. There are some important rules for starting a business, such as registration under the Shop and Establishment Act and obtaining NOC from the Pollution Board may be necessary. Information about the market and investment of this business is given below.
Details Information Small setup investment Rs 8 lakh to Rs 15 lakh Medium setup investment Rs 20 lakh to Rs 30 lakh Profit margin between 25% to 35% Government loan facility Mudra loan (PMMY) up to Rs 10 lakh Required registration MSME and Shop Act
Expert opinion and market situation
According to experts, India’s laundry market is estimated to exceed Rs 7,000 crore by 2025. Still 80 to 90 percent of the market in this sector is unorganized, which leaves a lot of opportunities for new entrants. Indians returning from Gulf countries can also connect with local business opportunities through the ASEEM portal. However, it is important to keep in mind that if the shop is on rent, a part of the profit i.e. Rs 30 thousand to Rs 70 thousand can go towards rent.
