Listing ID: 2400
Last Refreshed: 07/05/2019
Total Views: 5754
Laundry Business In The East For Sale
Asking Price: S$50K - 100K
Reason For Sale
Inability to focus on this business due to other commitments
Retail laundry business for sale in the east as owner is focused on other commitments and has been unable to devote full attention to business. Easy to run business suitable for first time business owners.
Located in premium neighbour with numerous condominium developments and bungalows, supported by HBD.
Good high traffic location within the mall, near anchor tenant.
Drop-off and collection point with actual washing handled by business partner, making operations simple and easy to manage
Proprietary SOP, training and on-going support will be provided
Existing employees in place and can be transferred to the new owner if desired
Business started ~1 year ago and has built up significant goodwill among regular customers
Revenue increasing monthly (6-12k); potential to grow further with dedicated effort
After deducting washing cost and rental, the business breaks even with increasing profitability
Accounts easy to manage as there is only one fixed cost
Owner letting go due to other pre-existing commitment resulting in inability to properly focus on this business.
Takeover fee includes all fixtures (renovation, counter-top, tables, racks, telephone, stationary etc.) necessary for ongoing operation. Payment terms can be negotiated.
Yes, seller financing is available.