Singapore  Singapore

Post Ad
Listing Id: 19158 Last Refreshed: 19/05/2020 Total Views: 2645

Looking For Business Partners Or Merger

BedokLaundries
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type Factory Premise Size
  • Monthly Rental S$8,000 Rental Desposit N/A
  • Revenue N/A Liability N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 25
  • Established 2016 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Bengt Carlsson

Reason For Sale

Needs injection of capital to expand the business

Description

Dear Colleagues & Friends In The Laundry Industry,

We in A&B is open to merger discussions.

As we feel even the time before COVID 19 was tough, but now when we are at the beginning of a 6 to 9 months downtrend for all of us in the laundry industry and the difficult time forecasted.

We in A&B do consider a merger might be the best and only solution, as we don't have enough cash to acquire any laundry industry.

- If you do happen to have cash, please do let's discuss an acquisition, we are of course open for such discussion as well.

We had a reasonable good year 2019 with a turn over of approx S$ 1.6 million and a profit of 10%

With all other government requirements fulfilled, A&B is working 6 1/2 days per week.

An average of 25 well trained and motivated peoples working with team spirit in a modern factory located at 8 Kaki Bukit Avenue 4.

We do have 4 vans some well-trained drivers for handling dismantle and installation of curtains using GPS System for tracking of respective drivers for easy co-operation and location of each other.

We do have an interesting Laundry Management System newly installed even at some of our customer locations/operations great!!

We are one of the latest established laundry & dry cleaning company in Singapore and by so do have the latest set up of machinery and using the latest methods of processing of personal garments and household items.

- Where wedding dresses and curtain are the most obvious items for us to handle due to the very high ceilings and lift equipment installed.

- We do have a quite interesting customer base which could be divided as the following - (please note all figures are from the time before COVID -19)

- Firstly, from the delivery processing time in the factory and customers requirement as follows:

Approx. 25% serving the hotel guest - ie. return the same day
Approx. 25% of clubs guest laundry and uniforms - ie. next day return
Approx. 25% agents (collecting points) ie. 3 to 5 days processing time in the factory
Approx. 25% commercial items ie. 1 to 7 days processing time in the factory

We do consider our management style to be mentally young and open.

- Our rental lease expires end Aug 2020 and is prepared to move if needed

- We do also have the capacity to handle some addition S$ 100K to S$150K / month in a present factory
- If right items and by adding one more shift 1/2 or full time

If you like to learn more about A&B, please see our website and information below or contact me directly.

With my warmest regards,
Bengt Carlsson
Director
A&B Professional Dry Clean & Laundry
Mobile: 9815 94 57

www.abclean.sg

Property Information

Rent
Premise Status
/

Just a moment... we are processing the request