Singapore  Singapore

Sell a Business

Listing ID: 13981 Last Refreshed: 06/10/2020 Total Views: 10909

Well established, profitable Laundry Business with Automated System for Takeover in Buona Vista

Clementi

Asking Price: S$50,000
Well established, profitable Laundry Business with Automated System for Takeover in Buona Vista
  • Premise Type Shopping Mall Premise Size 260sqft
  • Monthly Rental S$3,000 Rental Desposit S$6,000
  • Revenue S$10K - 20K Cash Flow Under S$5K
  • Gross Profit N/A Net Profit N/A
  • Stock S$0 Liability S$0
  • Payable S$0 Receivable N/A
  • FFE S$50,000*** Established 2014
  • Owner Role Full Time Staff 1
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Angie Tang

Reason For Sale

Owner wish to retire.

Description

Well established and profitable dry cleaning and laundry outlet in shopping mall for takeover.


Adopts a modern automated 24-hour drop-off and pick-up kiosk that allows customers 24/7 round the clock access to laundry service. Flexible working hours for full time or part-time counter staff on site.


-  Well established, popular and profitable.

-  Good location, near taxi stand and main road.

-  Easy accessibility 24/7 without need to enter car park

-  Good pool of clientele from Commonwealth, Buona Vista, Dover, Clementi, Lakeside, Bukit Panjang, Holland and Bukit Timah

-  Selling with existing clientele and related equipment.

-  Franchise concept, no franchise fee, pay only small transfer fee.

-  Training provided, if necessary


Feel free to contact Angie at 9776 4866 for a non-obligatory discussion.


Business Operation

10am - 8pm
Business Hour
Every customer who uses the automated system for drop off and pick is very happy, impressed and satisfied with the user-friendly, simple-to-use and convenient process, most of all the flexibility to access 24/7 according to their schedule. Turn-around time is 2-working days which is one of the fastest in the market at normal charges.
Facilities
No real competition in the vicinity as to the convenience, quick turnaround and quality is a class of its own.
Competition
Regular load washing can be introduced with installation of washer and dryer which can easily add 15%-20% to the current monthly turnover.
Expansion Potential
Training can be provided.
Supporting and Training
Counter service
Background & Skills
Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
2 year
Lease Term
Shop unit is located in open shopping mall and is accessible 24/7 without restriction. Close to taxi stand and main road which eases customers collection and drop off process and minimum waiting time.
Premises Details
Yes, it can relocate to other place
Relocatable

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