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Newly Established Laundry Business for Sale in Chennai, India

For Sale: Thriving laundry franchisee in Chromepet, Chennai with strong customer base, high margins.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 12 thousand
EBITDA Margin 40 %
Industries Laundry Business
Locations  Chennai
Local Time 5:49 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 17.7 thousand (Native Currency: INR 1,500,000)
Reason: We are relocating to another city and it is difficult to manage the business from there.
Includes physical assets worth USD 26 thousand
Interested to connect with advisors
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Business Overview
- Established presence: the business is a franchisee of India's top laundry and dry-cleaning service brand, located in the thriving area of Chromepet, Chennai.
- Royalty of 7.5% on the weekly sales and the 1-time franchise fee is already paid.
- Strong growth potential: despite being a relatively new business, it has demonstrated significant growth, with month-on-month increasing revenue, indicating a robust demand for its services.
- Lucrative margins: operating in a high-margin sector, the business has the potential to reach monthly revenues of INR 3-4 lakhs, providing an attractive return on investment.
- Established customer base: the business boasts an excellent repeat customer base, serving an average of 100 to 110 customers monthly, highlighting its ability to retain clients and generate recurring revenue.
- Robust Processes: the business has well-established processes in place, coupled with a reputable brand name, contributing to its operational efficiency.
- Certifications: company registered with GST and MSME certificates.
Products & Services Overview
Business's top-selling services include:
- Dry cleaning, shoe cleaning, laundry and ironing, home-pick delivery, carpets, and bag cleaning.
Assets Overview
Tangible assets:
* 2 heavy-duty Domex machines (1 soft wash and 1 dryer).
* 2 heavy-duty LG machines (1 laundry and 1 dryer).
* 2 steam boiler machines.
* 2 vacuum steam press.
* Stabilizer, pump, AC, computer, CRM, tag printer, CCTV, printer, branding items.
Intangible assets:
* Lifetime franchisee with a time INR 7 lakh + GST paid included in this transaction.
Facilities Overview
- 1st floor, rental shop with an area of 300 sq ft and incurs a monthly rent of INR 31k.
- Located in a prime location of Chromepet, Chennai.
- Theatre, shopping malls, and showrooms nearby.
Capitalization Overview
Partially bank-funded and remaining self-funded. Bank loan will be paid immediately after the transaction.
The business is a sole proprietorship.
Recent Activity
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2 Buyers contacted this Business this month. Register below to connect now!
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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