Dry Cleaning and Laundry Services (Except Coin-Operated)
Who are they?
Dry cleaning and laundry services are an integral part of our society. You will find at least in any market. They provide washing, dry cleaning, steam pressing, ironing, services to every kind of apparel and fabric. Besides, they also wash bed sheets, curtains, towels, etc. Some dry cleaning establishments also offer basic repair services. Pick and drop service of your laundry through the use of mobile apps is a modern iteration of this old service.
Scope of their business:
They never go out of business. Even if you wash your laundry at home or use coin-operated laundry you will end up there for washing some other stuff. People also use their services to keep their woolen and fur garments in prim condition. They preserve and pack them for future use. North America is the second-largest market of the laundry business. In 2019, its total revenue topped US$8,180 million. You can enter this business with a modest investment and a little know-how of the business. No formal training is needed.
Working Capital requirement of their business:
They provide laundry services and their main investment involves buying a dry cleaning plant, washing machines, irons, washing detergents, etc. It is mostly a one-time investment except for washing powders. They do not operate at a high-profit margin and can suffer a lot if the business is slow. Competition is also stiff in this sector as there are many establishments providing laundry services. So, under such trying conditions as an owner of a small business, you need a reliable financing partner that can bail you out in times of need. And VIP Capital Funding is just right for the job.
VIP Capital Funding for your financial needs:
VIP Capital Funding is a fin-tech that is giving out loans to small businesses on easy terms. The company has thousands of customers all over the country across various industries. They provide small business loans that you can utilize in any way you want. They will not ask for any collateral and there no harsh conditions attached to the loan. You will receive your loan amount in 3-4 business days and with no hidden costs. This makes VIP Capital Funding ideal for your business funding needs.
Contact VIP Capital Funding:
You can contact VIP Capital Funding through their URL; www.vipcapitalfunding.com. You can also email or call them at consultation@vipcapitalfunding.com or 800-735-7754 respectively. Their owner and executive managing partner are available at joshuatriplett@vipcapitalfunding.com or 919-521-8459. We hope you will choose the VIP Capital Funding for your small business loans.