Singapore  Singapore

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Listing Id: 4342 Last Refreshed: 07/05/2019 Total Views: 8252

(Expired)Laundry And Dry Cleaning Retail With Superb Location

Central AreaLaundries
Asking Price: S$150,000
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue S$200K - 500K Liability N/A
  • Gross Profit S$100K - 200K Net Profit S$20K - 50K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Part Time Staff N/A
  • Established 2009 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Cal wong

Reason For Sale

Owners has other work/business commitment

Description

- Shop is located in superb business district area closely surrounded by 4 condomiums with good pool of expat regulars and financial offices and tourist attractions.
- Very good human traffic flow. Suitable for other business in future should new owner decide to switch
- Business/shop has been around since Day 1
- Established brand (Franchise, however company is no longer giving out franchise rights)

- Business is retail shop based/Service oriented
- Pickup/dropoff concept
- Has POS system
- Main expenses are rental, salaries and cost of service to Main company.
- Currently employs a very experienced and service oriented Full-time staff who has been around for 5years+ and a part-time local.
- New owners will have to get involved unless can train and employ 1 more staff to take over simple roles.
- NO MARKETING has been done at all, therefore if new owners can apply some marketing, earning potential can be easily doubled. There are many MNCs, corporate offices and hotels around which may require such services.
- Unsure about the cashflow part since its selling of business and not the whole company. Shop has its own petty cash though.
- Selling because owners started this out as a side business for some passive income however due to own work/other business commitment, unable to focus and expand.

Business Operation

9am-9pm
Business Hour

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable
/

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