A Profitable Community Library Franchise for Sale in Thane
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This self-sustaining and profitable membership based library - read and return - Franchise Business was started in 2011 in Thane.
The seller is an experienced Freelance Business Consultant, who started this business in a well established and residentially crowded area to ensure good footfall.
Revenue Model:
The business model is based on 80-20 revenue model. Where out of the total revenue 20% is given back to the Parent Holder and 80% remains with the business operator - in this case, the seller. On an average, the Gross Profit % out of the 80% is about 20 to 25 percent.
Business Expenses:
The current premises of the established Library is on lease for 3 years with a monthly rent of INR 50,000. With a contract stating a 7% annual rise in the monthly rent.
The Business can be and is currently being managed by 3 Employees -
1 Manager, and 2 Front Office Executives, who are hired on a salary basis.
Features and Facts about the business:
- The owner remotely supervises the business operations and is not required to physically be present all the time at the Library.
- All the books are registered in an online nationwide catalog (connected to all the branches of the franchise) through RFID, which enables a member to request books absent at one branch to be delivered to their (Reader's) nearest local branch.
- The membership is Cyclic.
-The Seller had moved to a different city last year and is also involved with various other projects and thus now want to hand it over to someone who is passionate about reading, running this kind of business, and expand it further.
The asking price of the business that includes the Transfer of Ownership, Added Goodwill Premium, and all the books is INR 14Lacs. (Negotiable)
Reason
Seller shifted to another city and is taking care of other projects.
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₹10 to ₹200 Cr
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