Are you looking to start a laundry business? Look no further; Tumble Dry is offering franchise opportunities for entrepreneurs. It aims to transform the currently operating laundry services provided by maids, local washers, and others. Tumble Dry aims to transform these laundry stores into an organized and professional laundry service through both physical retail locations and online services. Is the Tumble Dry franchise worth the investment? Cost and Profit in 2024: In this, we will discuss how much a TumbleDry franchise costs, what the profit potential is, the requirements to start a franchise, and Is Tumble Dry Franchise is Worth the Investment.
Table of Contents
About Tumble Dry
TumbleDry is a laundry and dry-cleaning e-commerce organization and India’s largest laundry and dry-cleaning chain. It aims to revolutionize the unorganized laundry service provided by maids, dhobis, and other stores into an organized, professionally managed retail and e-commerce service.
Tumbledry is the largest laundry and dry cleaning chain in India, with more than 900 stores across 300+ cities. It has a vision to open more than 2000 franchise stores in 700 cities before 2026.
Key Details of Tumble Dry Franchise
- Brand Name: Tumble Dry
- Industry: laundry service
- Number of Outlets: 900 stores in 300+ cities
- Franchise cost: 25 lakh
- Profit Per Month: 1.7 lakhs
- Space required: 250 Sq ft
- Franchise Agreement: 3 years
- Official Website: https://tumbledry.in/
Tumble Dry Franchise: How Much Does it Cost?
Franchise Fee: Brands charge 6 lakhs in franchise fees to access open stores as TumbleDry, and you can work under brand support. This franchise fee is the current cost; this may change in the future.
Estimated Setup Cost: The franchisee needs to allocate 10 to 15 lakhs to set up a franchise store, including interiors, furniture, an in-house R&D lab, and other work that will be done by the TumbleDry team.
Royalty Fees: To access brand support, advertising support, and ongoing support, the brand charges a 7.5% royalty fee on the revenue.
Working Capital: You need to allocate up to Rs 5 lakh as working capital to manage day-to-day operations. This amount is needed until your franchise outlet starts making a profit.
Total investment: To start a TumbleDry franchise costs around 25 lakhs. Within this investment, the brand will set up a franchise outlet, train the staff, and others. This investment covers franchise fees, working capital, setup costs, and others.
| Franchise Fee | 6 lakhs |
| Estimated setup cost | 10 to 15 lakh |
| Royalty Fee | 7.5% |
| Working Capital | 5 lakh |
| Franchise Agreement | 3 years |
| Total Investment | 25 lakhs |
How Does Tumble Dry Franchise Generate Profit?
Annual Return on Investment (ROI): The Tumble Dry franchise offers an impressive annual return on investment of 80%. This ROI demonstrates that this franchise opportunity has the ability to utilize resources efficiently and generate a high profit for the investors.
Monthly Profit: The brand claims that the TumbleDry franchise can generate a monthly profit of 1.7 lakhs.
Return on Investment Timeline: With an 80% ROI per year, a franchisee can easily recover the initial investment within 2 years.
| Annual Return on Investment | 80% |
| Profit Per Month | 1.7 lakhs |
| Return on Investment | 1 to 2 year |
Requirements to Open a Franchise Store
- Passion and Entrepreneurial Spirit: The applicant needs to be passionate about the business, have an entrepreneurial mindset, and provide efficient customer service.
- Investment: To invest in the Tumble Dry franchise, you need to be financially strong and able to afford the minimum investment of Rs 25 lakh.
- Business Experience: Prior business experience is not required, but you need to have basic knowledge about laundry business, customer handling, and other business knowledge.
- Required Space: To set up a franchise store, you need to have a minimum area of 250 sq ft.
- Location: The franchisee needs to choose a location with high foot traffic. Ideal places include main markets, colleges, corporate areas, or places frequented by young people.
- Required Staff: To operate a franchise outlet, it requires 7 to 9 workers. The brand will hire employees and train them.
- Documents: The franchisee needs to gather the required documents and licenses to start the franchise.
How to get a Tumble Dry Franchise?
Visit the official website: First, visit the official website, of Tumble Dry. Read all the details about the brand, including why Tumble Dry, what the support is for the franchise, and others.
Locate Apply for a franchise: Look for the Apply for Franchise section, which is usually present in the menu bar. Click on it.
Fill out the franchise application form: Fill out the application form with your personnel and your chosen location.
Submit the form: Recheck the filled-in details for accuracy and submit it.
Wait for the response: The Franchise team will review your application. The chosen location has the availability of a franchise store, and the team will contact you within a few days. Be patient until you get a response from the brand.
Is Tumble Dry Franchise Worth the Investment?
Pro’s
Established Brand: Tumble Dry is India’s largest laundry and dry-cleaning chain. It has established 900 stores in 300+ cities, so it is a well-known brand that has customer trust. Franchise outlets can easily drive potential customers to franchise outlets.
Complete Support: From choosing an area to opening a franchise outlet and hiring staff to operate a franchise store brand, it takes almost complete responsibility. Franchisees need to do only invest.
Compernshive training: The franchise team will provide complete training to the staff and franchisees. From dry cleaning to customer handling.
Annual Return: Tumble Dry claims franchise outlets can generate an 80% annual return on investment.
Monthly profit: The franchisee can make 1.7 lakhs every month after deducting all costs.
ROI Period: Within 2 years, the franchisee can easily recover the initial investment.
Tumble Dry claims every month they are establishing 45 franchise stores.
Cons
Initial investment: To start the Tumble Dry franchise, you need a little bit of a of a high investment of 25 lakhs. With a high footfall location and efficient performance, you can recover it in a year. Tumble Dry is worth the investment.
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Conclusion
In conclusion, is the Tumble Dry franchise worth the investment? Cost and Profit in 2024,
TumbleDry is the fastest-growing Indian laundry brand per month, having established 45 stores. It became a highly profitable franchise. With an impressive 80% annual ROI, decent initial investment, and consistent monthly profits, brand support in choosing locations, hiring and training staff, and the complete setup of franchise outlets by brand. It makes for an enticing business opportunity. However, earning depends on the store location and the operation efficiency of the outlet.
FAQ
How much does the Tumble Dry franchise cost?
To open a Tumble Dry franchise, you need to allocate a minimum investment of Rs. 25 lakh, including Rs. 6 lakh in franchise fees, working capital, initial inventory, and others.
How much money can a franchisee make per month with a franchisee Tumble Dry?
Tumble Dry ensures its franchisee can earn 1.7 lakh per month.
How much space is required to open a franchise of Tumble Dry?
To setup the Tumble Dry franchise, you need to have a minimum space of 250 sq ft.
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