Franchise Resale of a well-established laundry brand

24 lakh

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BUSINESS DESCRIPTION

• A franchise of a well established laundry chain. We are situated in New Delhi.
• We give clothing services, for example, cleaning, washing, steam pressing, home cleaning, vehicle cleaning.
• Our business offers home pickup and drop off of clothing.
• There is mobile application and website, which is provided by the company through which customers can place orders.
• The franchise agreement is for 5 years. The first year is currently going on and the Franchise fee of Rs. 4 lakh plus tax is paid to the brand for 5 years, and the agreement is renewable after the period for an amount of Rs. 3 Lakh plus tax.
• There is a fixed monthly royalty of Rs. 7,000 including GST that is payable.

Details

INDUSTRY Business Services |

ENTITY Sole Proprietorship |

LOCATION New Delhi |

TURNOVER 14.4 lakh |

ASKING PRICE: 24 lakh |

YEAR ESTABLISHED: 2017 |

EBITDA 50 % |

EMPLOYEES 2 |

REASON FOR SELLING: Owner is looking to move out of country |