Handyman Services Company Investment Opportunity in Thrissur, India

Kerala based technology business with over 300 registered service providers offering 38 online services.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 7 thousand
EBITDA Margin 11 %
Industries Mobile Apps + 1 more
Locations  Thrissur
Local Time 1:12 PM Thrissur
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 270 thousand for 10.0% stake (Native Currency: INR 20,000,000)
Reason: The business plans to hire beauticians on payroll. Intend to engage in social media marketing. Plan ... View More
Includes physical assets worth USD 34 thousand
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Business Overview

- Offer mobile based home services, cleaning services, delivery services, appliance repair & installation services, electronics repair services, photography services, beauty services, and wedding services through their brand.

- Home services including plumbing services, disinfection services, and electrician services are the major revenue drivers of the business.

- Not marketing wedding services and photography services currently due to the COVID-19 pandemic.

- Currently offering services in Kochi, Thrissur, and Thiruvananthapuram.

- Charge a commission that ranges from 10% - 40% on the selling price of the service and a fixed fee for other services.

- Charge a commission for services like painting services (10%), disinfection services (40%), salon related services (30%). Charge a fixed fee of INR 150 for plumbing services and INR 200 for repair services.

- During the previous financial year, the business offered most of their services free of cost to their customers in order to develop their customer base. Hence the run rate and sales revenue are low. This year they have decided to monetize most of their offerings,

- Offer delivery services for clients free of cost with the burden being undertaken by the business itself.

- Have developed an application on the iOS and Google Play Store for end-users and a separate application for service providers.

- Have over 200 - 300 registered service providers on the platform with a stringent registration process to ensure high quality,

- Operate on a credit system for registered service providers. Once an order is received, the registered service provider can proceed with the service only if they have the requisite amount of credits in their digital wallet that they will have to pay as a fee to the company for the service they are providing.

- Experienced a surge in orders this month with over 20 - 25 orders coming from the previous week. Last month, the business had around 5 - 10 orders. Average price of an order is around INR 250.

- Website receives around 20 - 25 clicks in a day.

- Have 5 employees including 4 co-founders. Have a digital marketing executive who was provided sweat equity as compensation for his services offered and a customer relations officer.

- CEO has 10 years of experience as a project management lead and 2 years of experience in the IT industry,

Products & Services Overview

- Home services (Electrician, plumber carpenter, etc)

- Cleaning services (Deep cleaning, bathroom cleaning, water tank cleaning, etc).

- Delivery services (Grocery, package, medicine, food, etc).

- Appliance repair & installation (AC, washing machine, refrigerator, oven, TV, etc).

- Electronics repair (Laptop, CCTV etc).

- Beauty and health services.

- Photography and marriage services.

Assets Overview

2 Laptops, office furniture, UPS, and CCTV.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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