Niche Integrated Laundry Service Provider Company Is Up for Sale
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About Business
It is an On-demand Integrated one stop laundry services provider company operating in Kota (Rajasthan) for more than 2 years. The business model is for processing clothes in Hybrid model, i.e., aggregator cum in-house workshop model.
Services: Washing, ironing, dry cleaning including shoe dry cleaning and cloth repair.
Process: Placing an order>>Free Doorstep Pickup>>Processing the order>>Free Doorstep Delivery
Well-equipped: The workshop is well equipped with commercial laundry set-up (Washers – 40 + 24 Kg, Hydro extractor – 25 Kg, Tumbler – 25 Kg, Roll Ironer, etc)
Capacity: It has capacity to process up to 4,000 clothes per day.
Customer segment: In terms of customer segment, the company started with B2C clients (Retail: Families, Individuals & students) and later on moved to B2B clients focussed specifically on hotels, tent houses, hostels, hospitals and shop owners.
The business has a great online presence. It has a Large Corporate Clientele. It has achieved the operational break-even 3 months back and came into profit from last month.
Team:The team is headed by IIT Bombay alumni and strength of the current team is 10 excluding co-founders.
Asking Price:
1. Value of all assets – liabilities = INR 8.7 lacs
2. Enterprise value = INR 6.4 lacs (3 years only)
3. Brand value = INR 0.6 lacs
Net valuation = INR 15.7 lacs
Reason
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₹10 to ₹200 Cr
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