Listing Id: 1843
Total Views: 15749
(Sold) Two Established Laundromats For Sale
Hougang
Date Closed: 18/06/2023
Asking Price: S$100K - 200K
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
2013
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Source
Direct Seller
Reason For Sale
Disagreement between partners
Description
Established laundromats for sale. Laundromat equipments can be sold seperately as well.
6 x industrial standard washers
4 x double stacked gas dryers
2 x coin changers
2 x CCTV
3 x FOSCAM
Established customer base, new owners do not need to wait out for 3-4 months to establish customer base. The 3-4 months wait-out period is usually loss making for new start-ups.
Great location in a centralized market area with 24hour coffee shop, Sheng Shiong, hawker center, 7-11, wet market and various businesses.
Cheap rental, only $1,900 & $2,200, 3year lease ending in 2016 so rental will remain at this price for the following year.
Good for passive income as laundromats do not require extensive manpower. Already established cleaners for daily maintenance. Owners will only need to visit the laundromat once a week to collect sales. Owner will be able to view laundromat using internet CCTV and motion detector cameras that send emails to owner.
Low operating expenses, only 20-25% of sales.
Business can be improved with further marketing such as internet marketing, social network and promotions.
We will provide operating procedures to new owners and also train the new owners for 1mth before full handover.
Singapore