Cleanovo (SB Fabcare) - Laundry Business Franchise Opportunity
7.0 / 10 · Established in 2010, 25 Franchisees currently, Headquartered in Mumbai
All Formats
| Format | Investment including Brand Fee | Brand Fee | Space | Staff | Exp. Monthly Sales | Profit Margin | Royalty |
|---|---|---|---|---|---|---|---|
| FOFO | USD 19 - 26 thousand | USD 3.6 thousand | 150 - 300 Sq Ft | 3 | USD 8 thousand | 38% | 7% royalty and 2% marketing fees |
| FOCO | USD 19 - 26 thousand | USD 3.6 thousand | 150 - 300 Sq Ft | 3 | USD 8 thousand | 34% | 8% of net sales will be paid to investor franchisee and company will manage all the operations and costs of the business. Investor can expect 16% to 20% IRR in a 5 year period. |
| Direct Investment Model | USD 18 - 24 thousand | USD 0 | 150 - 300 Sq Ft | 3 | USD 8 thousand | 36% | 12% to 14% fixed return on investment without any downside of the business operations or any business risk. |
| Format Name | FOFO | FOCO | Direct Investment Model |
|---|---|---|---|
| Investment | USD 19 - 26 thousand | USD 19 - 26 thousand | USD 18 - 24 thousand |
| Brand Fee | USD 3.6 thousand | USD 3.6 thousand | USD 0 |
| Space | 150 - 300 Sq Ft | 150 - 300 Sq Ft | 150 - 300 Sq Ft |
| Staff | 3 | 3 | 3 |
| Expected Monthly Sales | USD 8 thousand | USD 8 thousand | USD 8 thousand |
| Profit Margin | 38% | 34% | 36% |
| Royalty / Commission | 7% royalty and 2% marketing fees | 8% of net sales will be paid to investor franchisee and company will manage all the operations and costs of the business. Investor can expect 16% to 20% IRR in a 5 year period. | 12% to 14% fixed return on investment without any downside of the business operations or any business risk. |
About Cleanovo (SB Fabcare)
We operate 25 profitable & successful stores (16 company-owned & 9 franchisees) in India and seek partners to grow with franchisees and investors. Promoter has extensive experience managing successful retail businesses. We have already accomplished the mentioned sales and profit figures across all formats so these sales and profit margins are achievable.
Products and Services
Premium professional dry-cleaning, laundry services, alterations & fabric care. We also provide professional leather cleaning and shoe care services.
Preferred Locations
Bangalore, Hyderabad, Delhi, Surat, Gurgaon, Noida, Ahmedabad, Kochi, Vadodara, Mumbai, Kollam, Telangana, Kannur, Thane, Washi.How to get Cleanovo (SB Fabcare) Franchise?
Connect with us on SMERGERS and drop us an enquiry via our website/email or call our direct line.
What are some of the things we look for in a Franchisee?
Invest in the business set-up, choose a suitable format as per the requirement, the prior experience would be an advantage for FOFO format, marketing, oversee the operations of the business.
In FOCO format, we commit to an IRR of over 16% on a 5 year investment plan. Company will manage the day-to-day operations of the business.
Support you can expect from the company
We will lead complete set-up, professional training, supply of all raw materials, regular maintenance, marketing & lead generation. R&D, app development, POS software for business analytics.
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Earlier than 15 daysChief Consultant, Accounting, Kochi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysProprietor, Artificial Jewellery Retail, Thane, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysCoordinator, NGO, Kollam, Individual Investor / Buyer connected with the Business
Profile Stats
- 10+ introductions
- 4000+ Page Views
- 1000+ Investor Views
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2460 Investors viewed this Franchise.
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Frequently
Asked
Questions
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When was Cleanovo established?Cleanovo was established in 2010 in Mumbai and is reported to have 25 Franchisees currently
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What is the investment required to take up Cleanovo Franchisee?Investment required ranges from INR 15 lakh - 22 lakh depending on the format offered.
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What is the space requirement for taking up Cleanovo Franchisee?Space required ranges from 150 - 300 sq ft depending on the format.
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What Franchisee formats does Cleanovo offer?Cleanovo offers 3 formats, i.e FOFO,FOCO,Direct Investment Model.
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How to get Cleanovo Franchisee?Connect with us on SMERGERS and drop us an enquiry via our website/email or call our direct line.