Laundry Business Investment Opportunity in Bangalore, India

An Organized Player in the Laundry Space Is Seeking Funds To Develop An Online Portal For Delivering Laundry Service.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 420 thousand
EBITDA Margin
30 %
Industries
Locations
Local Time
1:58 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 140 thousand for 20.0% stake (Native Currency: INR 10,000,000)
Reason: Funding will be required for: I ) Acquiring single laundry owners and converting them to white coll... View More
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Business Overview

We are the leading Dry Cleaning, Laundry and Cleaning services Company. All these services are provided at customers door step. Founded in 2009 in a small garage it has now a plant of 18,000 sq feet in Bangalore. With its network of 26 stores / collection centers in Bangalore we have served over Five Lakh customers in the last 5 Years. We were featured in CNBC Awaaz - Masterprenuer Season 1 held in 2013.

We feel organised laundry and dry cleaning business has a long way to go in India as people become more quality conscious and do not have the time to do their laundry themselves.

We will also convert the company from Proprietorship into a Private Ltd Company. We have embraced technology to a fuller extent to run our day to day operations. We have a digital cloud based billing system and the use the latest ERP solutions to manage our business.

With the funding that we are seeking, we plan to expand our operations to 50 - 60 Branches in Bangalore. We are also looking at starting a big basket model for laundry and Dry Cleaning services. We can double the revenue in one year to around Rs, 6.5 Cr (A Million Dollar) from the current Rs, 3 Cr. We aim to be the most reliable, biggest and the best player in retail Laundry / Dry Cleaning segment. The top spot in this segment is up for grabs in the IT city of Bangalore and we feel that we are best suited to reach there first.

Company has a debt of around Ten Lakh which was used to acquire delivery vehicles / van. Our total asset as of now including plant and machinery would be in the range of Rs, 1 - 1.5 CR. We have been reinvesting the proceeds back into the business so as to grow and build the operations.

Products & Services Overview

Dry Cleaning Services, Laundry Services, Door to door pick up and delivery, Starching, Stain Removal.

Express services - 24 hour service available and more.

Facilities Overview
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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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